Fountainhead Commercial Capital Refinances Candlewood Suites in Camas, WA

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Fountainhead Commercial Capital today announced that it recently refinanced the $13 million Candlewood Suites Vancouver-Camas hotel located at 2010 SE 192nd Ave. The 83-room extended stay hotel sits on 1.16 acres and is less than 15 minutes from Portland International Airport. An IHG hotel, Candlewood Suites is a midscale extended stay brand. The hotel bills itself as “not your typical Candlewood Suites hotel.” Built to capture the rustic beauty of the Pacific Northwest, the hotel’s architecture incorporates natural products from the area. It is located on the coveted east side of Vancouver and near local restaurants, shopping and the area’s … Read More

Fountainhead Commercial Capital Named GrowFL “Florida Company to Watch” Finalist

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Fountainhead Commercial Capital was among the first round of 2018 “Florida Companies to Watch” finalists recently announced by GrowFL. The awards event – now in its eighth year – honors 50 select second-stage companies from throughout the state for developing valuable products and services, creating quality jobs, enriching communities, and broadening new industries throughout Florida. Chosen from a candidate pool of 134 growing second-stage businesses, the finalists collectively represented $518 million in annual revenue and employed 2,743 full-time equivalent employees in 2017. Fountainhead specializes in U.S. Small Business Administration (SBA) “504” loans as well as low loan-to-value commercial real estate … Read More

$252,904,204 – Past the 1/4 billion mark! Newsletter

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As of last Friday, Fountainhead has closed just over one-quarter of a billion dollars ($252,904,204.) in commercial loans since May of 2015, just 39 months ago. This is nearly twice the pace of the previous company I founded. So, I want to give a big “THANK YOU!” to everyone who helped us along the way! I’m very proud of our team, our referral partners, and of course, our business owner clients who’ve entrusted their financing to us. Here’s to the next quarter billion closing twice as fast again! Fountainhead exists to help small business owners create personal wealth and grow … Read More

Chris Hurn of Fountainhead Commercial Capital Named Real Estate Influencer

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Orlando, FL, August 07, 2018 — Fountainhead Commercial Capital’s CEO and founder Chris Hurn was recently named by American City Business Journals as one of the nation’s most influential leaders in commercial real estate. Executives name to the list represent both large, nationally recognized firms and smaller, family owned businesses. Some are long-tenured executives while others have found success relatively early in their careers. Hurn has been recognized for his contributions to small business commercial lending by many organizations including the U.S. Small Business Administration. Fountainhead specializes in SBA “504” loans as well as low loan-to-value commercial real estate loans … Read More

Fountainhead is Built for Your Success Newsletter

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We are constantly positioning Fountainhead to best serve your commercial real estate financing needs. Our AI software Pronto does that with two hour loan approvals. Yes, you read that correctly: I said in only two hours… Maybe it’s time we work together on a deal, then? Our borrowers and their trusted advisors are able to immediately know what they can afford, terms of their financing, and plan with certainty for a closing. This (speed, and certainty for that matter) is one of the many benefits of working with a national, nonbank, direct, and experienced lender like us. Serving our borrowers … Read More

Cesar Freire Joins Fountainhead Commercial Capital as Senior Credit Analyst

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Orlando, FL, July 05, 2018– Fountainhead Commercial Capital, a nationwide lender focused on financing owner-occupied commercial real estate with low loan-to-value loans and the SBA 504 loan program, today announced that Cesar Freire has joined the company as a senior credit analyst. He will assemble and analyze financial information from prospective borrowers and make recommendations for credit applications of small business owners working to purchase commercial real estate and equipment. “Cesar has embraced our corporate culture during his extended internship, and we are pleased to have him as a full-time member of our staff,” said Chris Hurn, CEO of Fountainhead. … Read More

How Long Does Fountainhead Take to Close a Loan?

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Most commercial real estate contracts, when you want to go and buy a commercial property, are made for 60 or 90 days to close. Oftentimes, with a 30-day financing contingency, our average closing from start to finish–from when I talk to a business owner to the time we’re at the closing table–is about 45 days. The fastest we’ve done with an SBA 504 loan is 26 days but we’re, frankly, a lot of times in that 40-45 day range–more than sufficient for any commercial real estate contract.

Why Do Commercial Mortgage Brokers Enjoy Working with Fountainhead?

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Commercial mortgage brokers love to work with us for a couple reasons. We are fast; I think we are the fastest in the industry. In an era where banks and credit unions take weeks to make decisions, we make them in hours. We are extremely knowledgeable. You’d be hard-pressed to find a more knowledgeable group in SBA financing than our management team. The last piece, which I think is really critical, is they can make up to four points of premium from us on multi-use properties, three points on special-use properties, and we tell people the truth which is really, … Read More

What Sizes of Loans Does Fountainhead Finance?

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I’ll often get asked by commercial mortgage brokers, commercial real estate brokers, banks, credit unions, and business owners directly, what size projects do we finance? So far, I’ve done a $26.5 million hotel project with an SBA 504 loan, but our average is probably more in the $2.5-5 million range. We will go as far down a $400 thousand property. We usually try not to do too many of those unless they’re commercial condos and maybe they’re already in our existing commercial condo project. We can possibly do more than just one but that would imply a $200 thousand first … Read More

What Fountainhead Will and Won’t Finance

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I get calls and emails all day long from commercial mortgage brokers, which I’m very, very grateful for; however, I want to try and explain very simply what we will finance and what we won’t finance. We have two loan products–the SBA 504 loan and our low LTV conventional loan. We’ll do up to 65 percent LTV. We want to do these on owner/user properties–so, multi-purpose buildings, like freestanding office buildings, industrial warehouses, and commercial condos. Whether they’re retail, industrial, or office condos, those are all our multi-purpose projects that we’ll finance. We’ll also do special-purpose projects. The most we … Read More