Have you considered going conventional? Newsletter

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Many people think of us as the “504 guys.” We enjoy financing business owners with that SBA product, but over half of our volume so far this year is actually our conventional loan product. Check out this really short (0:52) description of why Fountainhead’s conventional loan product may be just the right thing for you or your client. Whatever loan serves you best, the Fountainhead team is standing by to still close commercial real estate loans for you and your clients, by the end of 2018. I’m available any day to speak with you about your financing needs or the … Read More

Thinking of Making the Jump to a Remote Office? Look Before You Leap.

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Why Being In The Same Room Can’t Be Duplicated I’ve read the headlines for years about the coming age of the remote workplace.  It keeps cars off of congested roads, gives overburdened workers flexibility, and provides work-life balance to a generation that craves it.  What could possibly go wrong?  As it turns out, lots of things can and do go wrong. Don’t misinterpret me, I love the technology that enables the remote office.  E-mail and cell phones have been around for years, but recent advances in cloud computing and video-conferencing make physical preference pretty negligible from a technical perspective.  But … Read More

Desperation Can Bring About The Best Solutions

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I’ve been part of an organization called Young President’s Organization for some time–for over nine years now, and we get regular email communications on a daily basis, various deals and what not, and one day, I got one about someone who wanted to finance their commercial real estate. I responded and kicked off a nice conversation with this future borrower of mine. He provides, basically, the extracurricular activities at very high-end resort properties like The Greenbrier, Hershey Hotel and the Gasparilla Inn in Boca Grande, Florida, places like that. And so, he had an opportunity to buy his office building … Read More

What to Look out for When Getting Financing from Your Bank

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Every day, business owners wake up at 4:00 or 5:00 a.m. They have a lease payment due on their commercial facility later that day and they finally have that lightbulb moment and say maybe I should convert this lease payment into a mortgage payment. Maybe they make a phone call later that morning to their bank where they have their operating accounts and they go in and meet their loan officer at the bank and say, “I’m considering exercising my lease to purchase option on my property or there’s an ideal property down the street that I want to buy … Read More

The Number One Mistake People Make

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So the number one mistake I hear quite regularly when people are convinced they want to own commercial real estate for their business is they immediately rush out, well–frankly, they go online and start looking at space in their city in their square footage requirements, what have you, or they go running out and find a real estate broker to help them, and they go shopping. They immediately go shopping–they have no concept of what they can afford. Oftentimes, what they’re thinking in their heads is, “Hey, I pay $5,000 a month for my current rent. I can probably afford … Read More

Should I Buy or Lease an Office Building?

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So, I get this question a lot: Should I buy or lease? I have often told people when they’re starting out, it’s kinda funny. Someone will hear me speak somewhere or they’ll read a quote of mine in some media publication somewhere and they’re so excited and they want to immediately buy their commercial property and yet, they’re only at the beginning of their business–maybe they’re six months into their business, whatever it is. And I’ll often tell them, sadly, it’s turning away business for me of course, but I’ll tell them it doesn’t make sense. I’m a big believer … Read More

Seven Moves the New SBA Administrator Can Make to Smackdown Tepid Economic Growth While Championing the Small Businesses

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If you were a child or had children in the past 30 years or so, there is a fair chance that you have at least a passing knowledge of the sports entertainment behemoth that has become World Wrestling Entertainment (WWE), formerly the World Wrestling Federation (WWF). Touting the sport’s biggest names, like Hulk Hogan and Dwayne “The Rock” Johnson, the corporation has spent years laying “the smackdown” for fans across the country (and world). A major factor of their success is former CEO and president, Linda McMahon, whom the U.S. Senate recently confirmed as leader of the Small Business Administration … Read More