Few things excite us more than helping owners of small businesses create wealth by acquiring commercial real estate property using our SBA 504 loan program. SEC/ACC/NFL season for most of us around here (EPL football for Chris) might almost top that, but still… This is especially true when the owners are immigrants from another country who’ve worked hard to be part of the American dream to own their own business!
>> Commercial Brokers…if you have any clients who can benefit from using our 504 loan program to create wealth by owning their own commercial property we can help! Contact us today! <<
Fountainhead is proud to announce that we recently closed a $346,000 commercial loan for Miami Coach and Tours LLC to acquire a building and adjacent land parcel located in Miami, Florida. We provided the $173,000 1st mortgage and $138,400 interim 2nd mortgage as part of their SBA 504 project to our borrowers, Dikmen Investment LLC and Miami Coach and Tours LLC.
Miami Coach and Tours currently has six full-sized coach buses, and one mini-bus, providing bus services to school districts, churches, corporations and for other charter bus tours. The subject property will allow the owner to better store and repair their buses, and allow them the capacity acquire more buses and thus grow their operations accordingly. In fact, they’ve had theft issues in their former location, so this new property will finally allow them to have a level of security that minimizes theft while their coach buses are in for maintenance and repairs.
The Fountainhead Team enjoyed working with Murcel and Sultan Cevik, owners of Miami Coach and Tours, who emigrated from Turkey in 1999, starting out driving city/county bus routes for Miami-Dade County in 2000 before launching their own chartered bus company in 2005. We wish them and their family much continued success in growing their business!