Fast Track 504 Part 1: What Is It?

About a year ago, we launched what we call a Fast Track 504, which is a wholesale program–a secondary market program–meant for banks, credit unions, non-banks, commercial mortgage brokers, all to participate in outsourcing 504 first-lien loans to us to finance. In return, we actually pay them non-interest income premiums … Read More

How Do I Know What I Am Able to Afford?

I got a phone call the other day. Actually, I sent an email to this business owner who I had met probably three or four years ago.  We were talking a year ago about how he wanted to eventually own his property. I gave the advice I’ve given at other … Read More

How Do You Feel Helping People with Wealth Creation?

I get asked that question a lot: Why do I do what I do and how does it make me feel? I know that the financing that we provide, often called smarter financing, is very impactful for these business owners when they buy a piece of property for what they’re … Read More

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

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