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Fountainhead Commercial Capital Closes $23.52MM In Total Projects During Third Quarter of 2016
Nonbank lender continues offering business owners lower down payment and longer terms for commercial loans
Numbers are expected to increase substantially in the coming months. Recent successes include the company financing the $8.1 million purchase of an office warehouse for leading catering company, 24 Carrots Restaurant Group LLC, and financing the purchase of a new headquarters for packaging manufacturer, Pacific Capro Industries – both projects are based in Southern California.
"We have had a fantastic third quarter," said Chris Hurn, chief executive officer of Fountainhead. "Our clients know that with Fountainhead they can expect speed, expertise and common sense decisions. At Fountainhead, we lead with the best product, and we strive to be the best at deploying it for our borrowers. This is our first full quarter of operations since our $23 million capital raise in early May and also since we announced that we're lending nationally. We are looking forward to an exciting fourth quarter with many more closings to help America's small business owners create wealth and spur job creation."
Fountainhead Commercial Capital offers clients personalized services and responsiveness. The company specializes in SBA 504 loans, interim SBA 504 second lien loans, SBA 504 construction/
Fountainhead Commercial Capital / Chris Hurn