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Follow on Google News | Mercantile Capital Corp Provides Real Estate Loan for Hotel in Stamford, CT for $12.4 MillionMercantile Capital Corporation, a leading provider of U.S. SBA 504 loans for small business owners who want to acquire, develop or refinance their own facilities, closed a commercial loan for Hampton Inn & Suites recently for $12,400,000.
Originally opened in 1987, the five-story building is a 100 room limited-service hotel, also equipped with a three-story parking garage. The hotel is equipped with a breakfast area, restaurant/lounge, exercise room, business center, sundries counter, beverage vending areas, and a guest laundry facility. The SBA 504 Loan Refinance Program helps owners of small to mid-sized businesses, like Hampton Inn & Suites, have an opportunity to create wealth and financial freedom. Mercantile’ According to SBA data, SBA 504 refinances accounted for 14.7 percent of all SBA 504 loans made in the first quarter of 2012, and 20.6 percent of total SBA 504 dollars during that time period. For more information, visit http://www.504Experts.com and http://www.504Blog.com. End
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