The smell of a roasting turkey… the sounds of family and friends laughing (and sometimes arguing)… the cheering for your favorite football team or parade float… we’re just a few more days away from one of our favorite holidays!
With the recent terrorist attacks in Beirut, Paris, and now Mali, it makes this time of year even more important to us. These kinds of tragedies have us pausing every day to be grateful for the health, safety and happiness of our loved ones and innocents all over the world.
We are busy here at Fountainhead focused on closing several deals by the end of the month and helping entrepreneurs enjoy their holiday season even more by creating wealth through commercial real estate ownership.
Speaking of, we just closed another deal this week, so we want to congratulate the owners of RPM Motors of Space Coast, Antonio Sergio DoRosario and Augusto Oliveira Novaes, on their recent purchase of a 10,000 SF commercial warehouse building in Pompano Beach, Florida. Fountainhead funded their deal with an SBA 504 loan of $1 million (including renovation funds) to customize this building to best fit their needs and allow for future growth. We wish RPM Motors (dba 24 Hrs deals) much future success as they continue growing their online business!
Members of our team recently attended the NAGGL conference in Las Vegas and the NADCO conference in New Orleans. Chris, Steve and Rob enjoyed meeting and talking with old friends, as well as meeting new contacts in our industry. Collectively, these groups are focused on helping owners of small businesses gain access to capital in order to grow their operations… truly the “growth machine” of the U.S. economy.
Chris, our CEO, will be squeezing in one more conference in 2015, as he will again be speaking at the 8th Annual SBA Secondary Market Summit in Washington, DC, in December. Let us know if you will be attending the conference and want to meetup with Chris.
And in case you missed it, Chris recently provided his recommendations on how to best boost SBA 504 loan program volume… a program that continues to lag behind the larger SBA 7(a) program, but in our opinion, offers a superior solution for fixed asset financing for owners of small to midsized businesses. Click here to read, share, and comment on the article “The 504 Conundrum”.
Finally, we want to take this opportunity to thank all of our referral partners, vendors, and of course, clients for working together with us and allowing us to provide lending solutions that create wealth through commercial real estate ownership. We truly appreciate each and every one of our relationships and look forward to continuing and expanding these relationships in the years to come.
We hope you and your family enjoy a safe and healthy Thanksgiving holiday!