How Long Does Fountainhead Take to Close a Loan?

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 … Read More

The top 3 reasons why people choose SBA 504 loans

The top three reasons why somebody chooses an SBA 504 loan? #1: the down payment. It’s oftentimes half to a third the down payment of an ordinary conventional bank loan. This puts less of a burden on the borrowing business and gives it more leverage with its capital. #2: the … Read More

What Is the Best Kept Secret of Commercial Real Estate?

I’ve said for many many years the best kept secret of commercial real estate financing is the SBA 504 loan and the reason for that is the third reason why people would use an SBA 504 loan is the below market long term fixed interest rate on that SBA guaranteed … Read More

Who can benefit most from the SBA 504 loan?

The people who benefit the most from SBA 504 loans are small businesses all the way up to mid-sized companies. We’ve recently closed a loan for a $100 million general contracting company–so we go from that extreme, all the way down to a franchise startup. A lot of our clients … Read More

What Sizes of Loans Does Fountainhead Finance?

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. … Read More

What building improvements can I make with the SBA 504 loan?

I often get asked, “Should I buy? Should I build? Is there something in between? Should I buy and renovate?” There’s a lot of ways to go with building improvements. It really comes down to personal preference. If you want to be the most economical about things, oftentimes it is … Read More

What to Look out for When Getting Financing from Your Bank

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 … Read More

Why has the SBA 504 loan been kept a secret for so long?

Banks want you to utilize conventional loans. The SBA 504 Loan has often been in the shadows of the other SBA loan program, the 7A. It’s unfortunate, but frankly, it’s part of human nature. Most providers of commercial loans in America are banks, occasionally credit unions, non-bank lenders, etc. Most … Read More

What Fountainhead Will and Won’t Finance

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. … Read More