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

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

Why Don’t More Business Owners Buy Their Own Buildings?

So, why don’t more business owners buy their own buildings? I think a lot of it comes down to fear of the unknown. They don’t know the process; they don’t know how easy it can be; perhaps there’s some concern about dealing with bankers. The reputation of bankers has taken … Read More

Should I Buy or Lease an Office Building?

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 … Read More

What is a SBA 504 loan?

So, what’s a SBA 504 loan? I get this question a lot, as you can imagine. It’s a commercial loan product that’s typically 90 percent loan-to-cost financing. What I mean is we take the purchase price of the property, any soft cost and any renovations and put it together. Whatever … Read More

What types of businesses has the SBA 504 loan helped?

We’ve financed a lot of different businesses with the SBA 504 Loan. In the past, we’ve financed a lot of multipurpose properties. These are things like free-standing office buildings, industrial warehouses and commercial condos. We’ll even do freestanding franchise restaurants and daycares. We truly do a variety of different things. … Read More

Who’s the best candidate for the SBA 504 loan?

The best candidate for the SBA 504 loan is a for-profit, privately held business. It’s a product meant for business owners to create wealth through the ownership of commercial real estate. You can also finance heavy equipment through the SBA 504 loan. Businesses with less than $15 million of tangible … Read More