Happy Fountainhead Friday!
Things have been very busy here at Fountainhead since we announced our national launch. We’ve closed our fourth Fountainhead 504 project in the last 45 or so days, totaling almost $22 million in total projects in that month and a half! That’s almost three quarters of the total fundings Fountainhead did in our first twelve months of operations, and at that pace would equal nearly $180 million in Fountainhead 504 fundings for the year. Not too shabby, but as you’ll see in the coming months, this is just the start of many great things to come!
Recently, Fountainhead helped a small business owner in Southern California create wealth by financing their purchase of an industrial warehouse property with the use of our Fountainhead 504 loan program!
We are proud to announce the closing of an acquisition loan to fund the purchase of a $4.44 million property in Rancho Dominguez, California, just outside of Los Angeles! Jules Teffaha of Pacific Capro Industries, Inc. used his nearly $4 million Fountainhead 504 loan to purchase his 35,124 SF industrial office and warehouse building.
Our Fountainhead 504 loan allowed Jules to lock in favorable low fixed rates, enabling him to expand his operations and flourish in his new location.
We wish Jules the very best, and are very excited to not only have worked with him to purchase his commercial property, but to see him grow his business, as well.
Please remember: if you know an owner of a small to midsized business looking to create wealth with commercial real estate ownership or you are one yourself please give us a call to explore how Fountainhead can help you or those you know realize this today. You can join Jules and many other existing clients who are positively delighted they contacted us! And if you’re a lending professional or work with small business owners, get on our FastTrack504 program today…