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Mercantile Commercial Capital LLC Reports it Closed Five Commercial...

Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) loans for small business owners who wish to acquire or develop their own facilities, reported it closed on five commercial loans in December for $5.9 million and completed construction on three more projects valued at $2.5 million



Christopher G. Hurn, president and chief executive officer of the Altamonte Springs-based firm, said the transactions included:



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$671,700 to Complete Soccer Academy Real Estate, LLC to finance site acquisition and construction of a 3,950-square foot indoor soccer facility at 645 Executive Park in Apopka that is slated to open next summer. The loan featured 85 percent loan-to-cost financing with a fully-amortizing 25-year term and a competitive five-year fixed interest rate.



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$350,000 to Taylor Lawn Service to acquire a 3,000-square foot office and warehouse facility at 3113 N. Orange Blossom Trail in Zellwood. The loan featured 90-percent loan-to-cost financing with a fully-amortizing 25-year term and a competitive five-year fixed interest rate.



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$1,669,300 to Fiol, Gomez & Blackburn, P.A., to acquire and extensively renovate an 8,800-square foot building and its 0.53-acre site at 1515 N. Marion St. in Tampa. Renovations are expected to be completed by May. The loan featured 90-percent loan-to-cost financing with a fully-amortizing 25-year term and a competitive five-year fixed interest rate.



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$694,000 to Stay for the Day to acquire a 24,621-square foot site at Orange City Town Center in Orange City, Florida, and build a 3,000-square foot office facility for its adult day care business. The loan featured 90-percent loan-to-cost financing with a fully-amortizing 25-year term and a competitive five-year fixed interest rate.



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$2,550,000 to Dream Realty, LLC to acquire an 8,170-square foot full service restaurant facility at 361 Middlesex Road in Tyngsboro, Mass., where the new owners plan to open Jazzwine Grill, a fine Italian steakhouse. The loan featured 80-percent loan-to-cost financing with a fully-amortizing 25-year term and a competitive five-year fixed interest rate.

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