Mercantile Capital Corporation Provides Commercial Real Estate Loan to Grocery Store Owners in Sorrento, Fla. Worth over $2.4 Million

ALTAMONTE SPRINGS – Mercantile Capital Corporation, which ranks as one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, recently closed a commercial loan for

Mt. Plymouth IGA for $2,410,000 in total project costs.

Mt. Plymouth IGA is a community grocery store serving the Mt. Plymouth and Sorrento communities and surrounding areas. They have been in business at the present location for more than 50 years and were acquired by Nakul and Nisha Patel in 1998. Upon completion of this expansion, they will be able to offer a full service deli including custom subs and wraps, roasted chicken, in-store bakery, and expanded produce, meat and poultry offerings with a temperature-controlled meat processing area.

“Three years ago, if you had talked to me about doing an SBA loan, I would have laughed and said ‘No way,’ said owner, Nakul Patel. “But, today with historic low interest rates, plus the ability to finance building and equipment with a fixed rate for 20 plus years, we would be crazy not to do it,” Patel said. “Mercantile has a team that understands small business and its needs.
They are experts at the 504 loan program, so for any small business owners who have been banging at the door of banks not getting anywhere, I recommend you give MCC a call,” he added.

The SmartChoice Commercial Loan Program helps owners of small to mid-sized businesses, like Mt. Plymouth IGA, have an opportunity to create wealth and financial freedom. Their specialization in SmartChoice Commercial Loans, also known as SBA 504 loans, allows borrowers, like Nakul and Nisha Patel, to own their commercial property with the highest cash-on-cash return financing available, without tying up their precious capital, so they can grow even faster.

For more information, visit www.TheSmartChoiceLoan.com and www.504Blog.com.
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For more information about this press release, contact: Chris Hurn, Mercantile Capital Corporation, 407-786-5040 churn@mercantilecc.com or Robin Lashley, Mercantile Capital Corporation, 407-786-5040 rlashley@mercantilecc.com orLarry Vershel Communications 407-644-4142 Lvershelco@aol.com

Sorrento Springs at Eagle Dunes offers potential new home buyers a chance to win a free boat and $10,000 in cash

ORLANDO - Lennar is offering visitors to the Welcome Home Center at Sorrento Springs at Eagle Dunes in Sorrento a chance to win a free boat and $10,000 in cash, for a total value of more than $15,000.

David Parker, director of sales for Lennar in the Orlando region, said visitors to Welcome Home Centers at Sorrento Springs at Eagle Dunes, located off S.R. 44 in Sorrento, and Stoneybrook Hills, located off U.S. 441 in Mount Dora, can register for a chance to win the boat – Crownline 185 SS – anytime from Feb. 5 through March 13.

Lennar builds three, four and five bedroom single family homes in Sorrento Springs at Eagle Dunes priced from the $140s, Parker said.

Eagle Dunes is a gated resort style community that features a championship golf course, clubhouse, community center, swimming pool, fitness center, tennis court, playground and picnic area.

The Eagle Dunes Welcome Home Center, located at 34100 Madiera Lane in Sorrento, is open daily from 10 a.m. to 6 p.m.

Visit www.Lennar.com.
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For more information contact: Jassy Friddle, Marketing Manager Lennar Central Florida-Orlando 888-317-7489, jassy.friddle@lennar.com; David Parker, Director of Sales Lennar Central Florida-Orlando Region, 888-317-7489; Mark Metheny, Lennar Division President-Central Florida, 727-479-1700; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

RedTail at Heathrow Golf Community Revives Dream of Country Estate Homes with Luxury Golf Course

ORLANDO - RedTail, a Heathrow golf community, located west of Heathrow in Sorrento, is reviving the tradition of luxury country club homes in Central Florida, starting at $399,999.

Richard D. Bavec, project general manager at RedTail, said the award-winning RedTail Golf Club, a links-style layout designed by Dave Harman and dotted with century-old oak trees and azaleas, ranks as one of the region’s finest courses.

Brentwood Custom Homes, one of RedTail’s “Builder Partners,” has a four-bedroom, three-bath luxury home available for sale at RedTail with 2,415 square feet of living space priced at $399,999.

Luxury homes at RedTail are selling, Bavec said. Recently, a custom built, five-bedroom home with a six-car garage overlooking the tenth green, sold for $1.55 million.

“The luxury homes market is less affected by the real estate downturn compared to the rest of the housing market,” Bavec said. “Luxury golf estates, oceanfront condominiums and Manhattan apartments probably rank among the most desired examples of luxury lifestyles and we’re beginning to see a strong comeback here at RedTail,” Bavec said.

There are 24 home sites available in the current phase at RedTail. The community’s covered bridge entrance is located along SR 46A just north of SR 46 in Lake County. The new home sales center opens Monday through Saturday at 9 a.m. and on Sunday at 11 a.m.
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For more information contact: Richard D. Bavec, Vice President/General Manager, RedTail Golf Club 407-402-9866; Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 (fax: 4410)