DeLand, Fla. --- Hendricks & Partners, one of the nation’s largest and most active multi-family investment banking and research companies, recently negotiated the sale of the Mallards of Brandywine, a 168-unit apartment property located in DeLand, for $7.75 million.
Cole Whitaker, partner and director of the Southeast Division of Hendricks & Partners and associate partner Hal Warren in Orlando negotiated the sale representing the seller, CFLP Mallards, LLC.
The Mallards of Brandywine built in 1985 and renovated in 2006 has a total of 136,600 square feet of rentable living space with one and two bedroom apartments.
The buyer was a private investment group.
Friday, July 13, 2012
Michael Shuman keynote speaker at Annual Fla. Small Farms and Alternative Enterprises Conference
KISSIMMEE, Fla. - Entrepreneur Michael H. Shuman will be the keynote speaker at the 4th Annual Florida Small Farms and Alternative Enterprises Conference Saturday, July 28.
Shuman is being sponsored by the Florida Food Policy Council (FFPC), a nonprofit organization encouraging the development and expansion of the capacity of local food systems to meet food security needs in communities across Florida.
Shuman is an economist, attorney, author, and Director of Research and Marketing for Cutting Edge Capital. He has authored, co-authored, or edited eight books. His most recent book, just published by Chelsea Green, is Local Dollars, Local Sense: How to Move Your Money from Wall Street to Main Street and Achieve Real Prosperity.
His most famous book, The Small Mart Revolution: How Local Businesses Are Beating the Global Competition (Berrett-Koehler, 2006), received a bronze prize from the Independent Publishers Association for best business book of 2006.
Shuman helped co-found BALLE, which represents 22,000 local businesses in North America in 80 communities, and is now a Fellow there.
At Cutting Edge Capital, a consulting firm that helps communities and businesses solve finance challenges, he manages its economic development initiatives.
“Mr. Shuman’s work will increase the economic impact that Florida small farmers have on this state through a study that will be conducted by FFPC and Shuman,” said Trisha Strawn, Florida Food Policy Council Chair and Vice President of Growing Synergy based in St. Cloud.
The Florida Small Farms and Alternative Enterprises Conference, a three-day event hosted by the University of Florida and Florida A & M University, includes 30 educational sessions, farm tours, a large trade show and Florida’s Finest Signature Luncheon.
Through concurrent educational sessions led by industry experts and noted researchers, the annual Small Farms and Alternative Enterprises Conference provides opportunities for attendees to learn about groundbreaking research and access educational support about topics such as operating sustainable and profitable enterprises, integrating cost-effective methods to meet state regulations, and applying the latest research to real-world problems. Attendees also participate in workshops, hands-on demonstrations and organized networking activities, enabling them to share their knowledge while interacting with peers from all over the state.
To register for the Florida Small Farms and Alternative Enterprises Conference visit the website http://www.conference.ifas.ufl.edu/smallfarms
Shuman is being sponsored by the Florida Food Policy Council (FFPC), a nonprofit organization encouraging the development and expansion of the capacity of local food systems to meet food security needs in communities across Florida.
Shuman is an economist, attorney, author, and Director of Research and Marketing for Cutting Edge Capital. He has authored, co-authored, or edited eight books. His most recent book, just published by Chelsea Green, is Local Dollars, Local Sense: How to Move Your Money from Wall Street to Main Street and Achieve Real Prosperity.
His most famous book, The Small Mart Revolution: How Local Businesses Are Beating the Global Competition (Berrett-Koehler, 2006), received a bronze prize from the Independent Publishers Association for best business book of 2006.
Shuman helped co-found BALLE, which represents 22,000 local businesses in North America in 80 communities, and is now a Fellow there.
At Cutting Edge Capital, a consulting firm that helps communities and businesses solve finance challenges, he manages its economic development initiatives.
“Mr. Shuman’s work will increase the economic impact that Florida small farmers have on this state through a study that will be conducted by FFPC and Shuman,” said Trisha Strawn, Florida Food Policy Council Chair and Vice President of Growing Synergy based in St. Cloud.
The Florida Small Farms and Alternative Enterprises Conference, a three-day event hosted by the University of Florida and Florida A & M University, includes 30 educational sessions, farm tours, a large trade show and Florida’s Finest Signature Luncheon.
Through concurrent educational sessions led by industry experts and noted researchers, the annual Small Farms and Alternative Enterprises Conference provides opportunities for attendees to learn about groundbreaking research and access educational support about topics such as operating sustainable and profitable enterprises, integrating cost-effective methods to meet state regulations, and applying the latest research to real-world problems. Attendees also participate in workshops, hands-on demonstrations and organized networking activities, enabling them to share their knowledge while interacting with peers from all over the state.
To register for the Florida Small Farms and Alternative Enterprises Conference visit the website http://www.conference.ifas.ufl.edu/smallfarms
Park Square Homes Appoints Robin Aldridge Construction Superintendent
ORLANDO, Fla. --- Park Square Homes, which builds new single family and town homes priced from the mid-$100s in seven Orlando area residential and resort communities, has appointed Robin Aldridge construction superintendent.
Vishaal Gupta, president and chief operating officer at Park Square Homes, said Aldridge has more than 20 years of experience as a home builder, including 14 years at Park Square Homes.
Aldridge, who attended the University of Central Florida, is rejoining the Park Square Homes team, Gupta said.
Vishaal Gupta, president and chief operating officer at Park Square Homes, said Aldridge has more than 20 years of experience as a home builder, including 14 years at Park Square Homes.
Aldridge, who attended the University of Central Florida, is rejoining the Park Square Homes team, Gupta said.
Spruce Creek Fly-In Stirling Sotheby’s International Realty Lands Four Luxury Sales to Foreign Buyers
ORLANDO, Fla., -- Stirling Sotheby’s International Realty recently closed on sales of four luxury residential properties in Volusia County that totaled more than $2.2 million.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said International Luxury Homes Specialists Rachel McGrath and Debbie Keilin, in the firm’s Spruce Creek Fly-In Marketing Center, negotiated all four sales.
“Rachel McGrath and Debbie Keilin in our Spruce Creek Fly-In Gallery have mastered our global marketing resources and rank as two of the most adept global marketing experts in Central Florida,” Soderstrom said.
Stirling Sotheby’s International Realty has one of the strongest global marketing programs in real estate, and international buyers are a particularly important resource for vacation and resort homes and luxury homes throughout Florida, Soderstrom explained.
The four sales include:
• A golf course residence at Spruce Creek Fly-In that sold for $450,000 to buyers from Heilongjiang, China;
• A hangar home at Spruce Creek Fly-In that recently sold to Argentine aviation enthusiasts for $545,000;
• A waterfront luxury home on the Intracoastal Waterway at the Shores in Port Orange that sold to a Swedish couple for $975,000;
• A two bedroom oceanfront condominium in Daytona Beach that sold to a couple from Ontario, Canada for $152,500.
“Sotheby’s International Realty has launched its 2012 marketing strategy that will generate a projected 506 million global impressions. This opens our listing portfolio to the world and greatly assists us in attracting buyers worldwide,” Soderstrom said.
About Stirling Sotheby’s International Realty:
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, new home communities, commercial and investment properties, in addition to supporting builders, developers, lenders, and asset managers. The company operates two performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said International Luxury Homes Specialists Rachel McGrath and Debbie Keilin, in the firm’s Spruce Creek Fly-In Marketing Center, negotiated all four sales.
“Rachel McGrath and Debbie Keilin in our Spruce Creek Fly-In Gallery have mastered our global marketing resources and rank as two of the most adept global marketing experts in Central Florida,” Soderstrom said.
Stirling Sotheby’s International Realty has one of the strongest global marketing programs in real estate, and international buyers are a particularly important resource for vacation and resort homes and luxury homes throughout Florida, Soderstrom explained.
The four sales include:
• A golf course residence at Spruce Creek Fly-In that sold for $450,000 to buyers from Heilongjiang, China;
• A hangar home at Spruce Creek Fly-In that recently sold to Argentine aviation enthusiasts for $545,000;
• A waterfront luxury home on the Intracoastal Waterway at the Shores in Port Orange that sold to a Swedish couple for $975,000;
• A two bedroom oceanfront condominium in Daytona Beach that sold to a couple from Ontario, Canada for $152,500.
“Sotheby’s International Realty has launched its 2012 marketing strategy that will generate a projected 506 million global impressions. This opens our listing portfolio to the world and greatly assists us in attracting buyers worldwide,” Soderstrom said.
About Stirling Sotheby’s International Realty:
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, new home communities, commercial and investment properties, in addition to supporting builders, developers, lenders, and asset managers. The company operates two performance zones which serve all of Central Florida. Visit www.StirlingSIR.com.
Thursday, July 12, 2012
EMERSON INTERNATIONAL CLOSES ON $20 MILLION MORTGAGE LOAN FROM ING
Altamonte Springs, Fla. --- Emerson International, Inc. which owns and develops office parks, luxury condominiums and golf course communities in Central Florida, recently closed on a new $20 million mortgage agreement with a U.S lender subsidiary of parent company ING based in the Netherlands.
Eric Emerson, vice president and general manager of Emerson International, said the new 20-year loan – with a 4.65 percent interest rate – enables Emerson International to retire existing mortgages on its southwest Orlando Major Plaza buildings I and II, Altamonte Lakeside Plaza Office Park, Louisiana Office Park in Winter Park and University Research Park I in southeast Orlando, totaling approximately 350,000 square feet of Class B office space.
Don Jennewein and Nathan Lynch of CBRE brokered the mortgage agreement, Emerson said.
Shutts & Bowen represented borrowers Emerson International Inc. and Emerson Investments International, Inc.
“Mortgage interest rates today are at record lows and it makes excellent sense to refinance quality real estate assets,” Emerson said.
“The savings to us is significant and represents a substantial increase in our operating income,” he said.
About Emerson International
Emerson International is a wholly owned subsidiary of The Emerson Group, the global corporation that is one of the largest privately-owned property development companies.
Eric Emerson, vice president and general manager of Emerson International, said the new 20-year loan – with a 4.65 percent interest rate – enables Emerson International to retire existing mortgages on its southwest Orlando Major Plaza buildings I and II, Altamonte Lakeside Plaza Office Park, Louisiana Office Park in Winter Park and University Research Park I in southeast Orlando, totaling approximately 350,000 square feet of Class B office space.
Don Jennewein and Nathan Lynch of CBRE brokered the mortgage agreement, Emerson said.
Shutts & Bowen represented borrowers Emerson International Inc. and Emerson Investments International, Inc.
“Mortgage interest rates today are at record lows and it makes excellent sense to refinance quality real estate assets,” Emerson said.
“The savings to us is significant and represents a substantial increase in our operating income,” he said.
About Emerson International
Emerson International is a wholly owned subsidiary of The Emerson Group, the global corporation that is one of the largest privately-owned property development companies.
TREKT Himalaya of Florida teams up with the Mountain Fund in New Mexico to offer Volunteer Medical Trek in Nepal
ST. CLOUD, Fla. --- Nepalese-American tour operator, TREKT Himalaya, LLC., with offices in Saint Cloud and Kathmandu, Nepal has teamed up with the Mountain Fund Charity (based in New Mexico and Kathmandu) to launch a series of Medical Treks aimed at doctors, nurses and medical students who would like to volunteer in Nepal.
“We wanted to focus on sustainable tourism in Nepal,” said TREKT Himalaya founder Sandra Krasa BK, “and one thing that I have noticed in my years of living there is that outside of Kathmandu there is a glaring lack of even basic medical care. When Nepali people see a tourist on the trekking path, or in their village, they will often ask you for some kind of first-aid even if you are not a medical professional. Just on the basis of being Western, they know we have some type of first-aid kit with us. I have been asked to look at cuts, burns, a broken arm and to diagnose internal pain. I have no medical background, and I tell them that, but the people are just desperate for help and empathy,” she said
In early 2012 TREKT Himalaya embarked on organizing adventures in the Himalayan region that incorporated not only classic treks, like Everest Base Camp, but also educational adventures that would help the people of Nepal as well as Western tourists who are looking for meaningful travel experiences that connect them with the local culture.
“I had been talking with Scott MacLennan from the Mountain Fund while I was in Kathmandu last year, and when we opened up the TREKT Himalaya office in Central Florida with the idea of ‘volunteerism’ as a focus, he was one of the first people I thought of,” Krasa said. “His volunteer organization is one of the most respected in Nepal.”
The Mountain Fund had worked with medical volunteer placements before, and Scott had knowledge of the rural areas that get the least attention, and that was exactly where we wanted to focus, Krasa said.
“I ran the plan for Medical Trek Nepal past my mother, Linda Krasa, who is a nurse at Dr. Phillips Hospital in Orlando, and she said ‘sign me up!’ I hope others will be as eager to help too,” she said.
TREKT Himalaya’s Medical Trek promises a trip on the road less traveled. The October 2012 trek will focus on the Gorkha & Dhading regions of Nepal. Considered to be the heartland of the nation, medical trekkers will enjoy breathtaking views of the Himalaya, spend time in remote villages, and experience a majestic culture for removed from the modern world, Krasa said.
The medical volunteers will set up a triage tent and treatment tents mid way through the trek to treat villagers from the surrounding area. Medical tents donated by Mountain Hardware serve as a movable clinic, she explained.
Last year, a similar medical camp was able to treat over 900 Nepali villagers in three days. Medical volunteers should be prepared to get busy Some common ailments among villagers are skin problems, gastro-intestinal illness, dental problems, dysentery, eye problems, untreated wounds, ob-gyn care, and infant-child wellness needs.
TREKT Himalaya needs doctors and nurses for exams and treatment, medical assistants and students for triage and there are also opportunities for non-medical volunteers to handle administrative duties and to boost morale, according to Krasa.
“The Nepali villagers love seeing the medical teams and volunteers come away knowing they gave much needed help and had a totally unique volunteer travel experience,” she said.
Sign-up is now open and is limited to the first 12 people who qualify. Volunteer applicants are encouraged to sign-up online at trekthimalaya.com/trek-nepal/volunteer .
TREKT Himalaya is a client company with the UCF Business Incubation Program and located at the St. Cloud Incubator.
About TREKT Himalaya
TREKT Himalaya, LLC is a Nepali-American tour company specializing in adventure travel and educational tours to the Himalaya. TREKT Himalaya, along with their extreme adventure sports affiliate company, Hardcore Nepal (P.) Ltd. (hardcorenepal.com) is dedicated to sustainable tourism. They have started a training program for Dalits (untouchables) to help breakdown social stigma of caste based jobs, and have recently teamed with Italian charity “Finale for Nepal” to provide rock climbing adventures with proceeds benefiting rural Nepal schools. TREKT plans to launch a “made in Nepal” Fair Trade clothing line in 2013. Trekthimalaya.com
About the UCF Business Incubation Program
Since its founding in 1999, the UCF Business Incubation Program has helped more than 200 emerging companies (including more than 134 current clients) create over $363 million in annual total economic output and more than 3,120 new jobs (taking direct and indirect and induced impact into account) with an average salary of $59,000. With ten facilities across the Greater Orlando community, the Business Incubation Program is a collaboration in economic development among the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Apopka, the City of Winter Springs, the City of Sanford, Lake County, the City of Leesburg, Osceola County, the City of Kissimmee, City of St. Cloud, Volusia County and the Florida High Tech Corridor Council. For more information about the Program and its clients and graduates, please visit www.incubator.ucf.edu and UCFBIP on Facebook, on www.facebook.com/ucf4bip.
“We wanted to focus on sustainable tourism in Nepal,” said TREKT Himalaya founder Sandra Krasa BK, “and one thing that I have noticed in my years of living there is that outside of Kathmandu there is a glaring lack of even basic medical care. When Nepali people see a tourist on the trekking path, or in their village, they will often ask you for some kind of first-aid even if you are not a medical professional. Just on the basis of being Western, they know we have some type of first-aid kit with us. I have been asked to look at cuts, burns, a broken arm and to diagnose internal pain. I have no medical background, and I tell them that, but the people are just desperate for help and empathy,” she said
In early 2012 TREKT Himalaya embarked on organizing adventures in the Himalayan region that incorporated not only classic treks, like Everest Base Camp, but also educational adventures that would help the people of Nepal as well as Western tourists who are looking for meaningful travel experiences that connect them with the local culture.
“I had been talking with Scott MacLennan from the Mountain Fund while I was in Kathmandu last year, and when we opened up the TREKT Himalaya office in Central Florida with the idea of ‘volunteerism’ as a focus, he was one of the first people I thought of,” Krasa said. “His volunteer organization is one of the most respected in Nepal.”
The Mountain Fund had worked with medical volunteer placements before, and Scott had knowledge of the rural areas that get the least attention, and that was exactly where we wanted to focus, Krasa said.
“I ran the plan for Medical Trek Nepal past my mother, Linda Krasa, who is a nurse at Dr. Phillips Hospital in Orlando, and she said ‘sign me up!’ I hope others will be as eager to help too,” she said.
TREKT Himalaya’s Medical Trek promises a trip on the road less traveled. The October 2012 trek will focus on the Gorkha & Dhading regions of Nepal. Considered to be the heartland of the nation, medical trekkers will enjoy breathtaking views of the Himalaya, spend time in remote villages, and experience a majestic culture for removed from the modern world, Krasa said.
The medical volunteers will set up a triage tent and treatment tents mid way through the trek to treat villagers from the surrounding area. Medical tents donated by Mountain Hardware serve as a movable clinic, she explained.
Last year, a similar medical camp was able to treat over 900 Nepali villagers in three days. Medical volunteers should be prepared to get busy Some common ailments among villagers are skin problems, gastro-intestinal illness, dental problems, dysentery, eye problems, untreated wounds, ob-gyn care, and infant-child wellness needs.
TREKT Himalaya needs doctors and nurses for exams and treatment, medical assistants and students for triage and there are also opportunities for non-medical volunteers to handle administrative duties and to boost morale, according to Krasa.
“The Nepali villagers love seeing the medical teams and volunteers come away knowing they gave much needed help and had a totally unique volunteer travel experience,” she said.
Sign-up is now open and is limited to the first 12 people who qualify. Volunteer applicants are encouraged to sign-up online at trekthimalaya.com/trek-nepal/volunteer .
TREKT Himalaya is a client company with the UCF Business Incubation Program and located at the St. Cloud Incubator.
About TREKT Himalaya
TREKT Himalaya, LLC is a Nepali-American tour company specializing in adventure travel and educational tours to the Himalaya. TREKT Himalaya, along with their extreme adventure sports affiliate company, Hardcore Nepal (P.) Ltd. (hardcorenepal.com) is dedicated to sustainable tourism. They have started a training program for Dalits (untouchables) to help breakdown social stigma of caste based jobs, and have recently teamed with Italian charity “Finale for Nepal” to provide rock climbing adventures with proceeds benefiting rural Nepal schools. TREKT plans to launch a “made in Nepal” Fair Trade clothing line in 2013. Trekthimalaya.com
About the UCF Business Incubation Program
Since its founding in 1999, the UCF Business Incubation Program has helped more than 200 emerging companies (including more than 134 current clients) create over $363 million in annual total economic output and more than 3,120 new jobs (taking direct and indirect and induced impact into account) with an average salary of $59,000. With ten facilities across the Greater Orlando community, the Business Incubation Program is a collaboration in economic development among the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Apopka, the City of Winter Springs, the City of Sanford, Lake County, the City of Leesburg, Osceola County, the City of Kissimmee, City of St. Cloud, Volusia County and the Florida High Tech Corridor Council. For more information about the Program and its clients and graduates, please visit www.incubator.ucf.edu and UCFBIP on Facebook, on www.facebook.com/ucf4bip.
Centex Homes Acquires Five More Homesites at Starling at FishHawk Ranch in Lithia
TAMPA, Fla. – Centex Homes has acquired five additional home sites at Starling at Fishhawk Ranch, located on FishHawk Blvd. in Lithia.
Sean Strickler, vice president of sales for the North Florida division of Centex Homes, said Centex, which is currently building on nine lots at Starling at FishHawk Ranch, is seeing an increasing demand there.
“FishHawk Ranch is one of the most desirable communities in this whole region and as Florida’s real estate market recovers, demand for new homes at FishHawk Ranch will grow faster than many other markets,” Strickler said. “We’re already seeing signs of this growth,” he added.
Strickler said these home sites offer the lowest CDD fees in Starling at FishHawk.
“The lower CDD rates represent lower overall payments,” Strickler said, “and that means more value for our homebuyers.”
Centex Homes, is building new three, four, five and six bedroom single-family homes on 60 foot home sites at Starling at FishHawk Ranch priced from $ 247,990 with three-car garages.
About Centex
Reliably built, smartly designed and affordable, Centex homes bring the pride of home ownership to value-conscious buyers in 20 states. As the leading brand for first-time and value-conscious homebuyers looking for just the right home, Centex balances affordability with unique form and function leading to better living. Buyers put themselves in a better place by choosing Centex. For more information about Centex, visit www.centex.com
About PulteGroup
PulteGroup, Inc. (NYSE: PHM), based in Bloomfield Hills, Mich., is one of America’s largest home building companies with operations in approximately 60 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes and Del Webb, the company is one of the industry’s most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup conducts extensive research to provide home buyers with innovative solutions and new homes designed for the way people actually live today. As the most awarded home builder in customer satisfaction, PulteGroup brands have consistently ranked among top home builders in third-party customer satisfaction studies.
For more information about PulteGroup, Inc. and PulteGroup brands, go to pultegroup.com; www.pulte.com; www.centex.com; www.delwebb.com
Sean Strickler, vice president of sales for the North Florida division of Centex Homes, said Centex, which is currently building on nine lots at Starling at FishHawk Ranch, is seeing an increasing demand there.
“FishHawk Ranch is one of the most desirable communities in this whole region and as Florida’s real estate market recovers, demand for new homes at FishHawk Ranch will grow faster than many other markets,” Strickler said. “We’re already seeing signs of this growth,” he added.
Strickler said these home sites offer the lowest CDD fees in Starling at FishHawk.
“The lower CDD rates represent lower overall payments,” Strickler said, “and that means more value for our homebuyers.”
Centex Homes, is building new three, four, five and six bedroom single-family homes on 60 foot home sites at Starling at FishHawk Ranch priced from $ 247,990 with three-car garages.
About Centex
Reliably built, smartly designed and affordable, Centex homes bring the pride of home ownership to value-conscious buyers in 20 states. As the leading brand for first-time and value-conscious homebuyers looking for just the right home, Centex balances affordability with unique form and function leading to better living. Buyers put themselves in a better place by choosing Centex. For more information about Centex, visit www.centex.com
About PulteGroup
PulteGroup, Inc. (NYSE: PHM), based in Bloomfield Hills, Mich., is one of America’s largest home building companies with operations in approximately 60 markets throughout the country. Through its brand portfolio that includes Centex, Pulte Homes and Del Webb, the company is one of the industry’s most versatile homebuilders able to meet the needs of multiple buyer groups and respond to changing consumer demand. PulteGroup conducts extensive research to provide home buyers with innovative solutions and new homes designed for the way people actually live today. As the most awarded home builder in customer satisfaction, PulteGroup brands have consistently ranked among top home builders in third-party customer satisfaction studies.
For more information about PulteGroup, Inc. and PulteGroup brands, go to pultegroup.com; www.pulte.com; www.centex.com; www.delwebb.com
Mercantile Capital Corporation closes on 14 Commercial Loans in June to Finance Projects totaling $66 Million Plus
ORLANDO, Fla. — Mercantile Capital Corporation, which ranks as one of the nation’s leading providers of U.S. Small Business Administration (SBA) 504 loans to small business owners who want to acquire or develop their own facilities, closed 14 commercial property loans in June to finance projects valued at more than $66 million.
Chris Hurn, chief executive officer of Mercantile Capital Corporation, said loan closings in June represent the nine-year-old company’s biggest month ever.
The largest single loan during the month provided refinancing for a Wyndham hotel in Indianapolis, Indiana, with a total project cost of $13.3 million.
Since January, Mercantile Capital Corporation has closed 58 commercial loans to finance projects that total $220.7 million. That’s more than the company closed during all of 2011.
Last year Mercantile closed 57 loans to finance projects valued at more than $174 million in total project costs. Loan volume for the first six months of 2012 is up 240 percent from the same period in 2011, which was a record-breaking year for the company.
Hurn said job creation is one of the principal goals of the SBA 504 loan program. Since Mercantile Capital Corporation opened its doors in 2003, its SBA 504 loans — which are approaching the $1 billion mark — have helped create or retain 6,584 jobs.
“The SBA 504 loan program is one of the most effective economic development and job creation programs the U.S. government has to its credit,” Hurn said.
“We can help small business enterprises grow by helping them take control of their commercial real estate expenses with long-term, below-market, fixed interest rates, and longer terms than are available with ordinary commercial financing right now.” Hurn said.
Chris Hurn, chief executive officer of Mercantile Capital Corporation, said loan closings in June represent the nine-year-old company’s biggest month ever.
The largest single loan during the month provided refinancing for a Wyndham hotel in Indianapolis, Indiana, with a total project cost of $13.3 million.
Since January, Mercantile Capital Corporation has closed 58 commercial loans to finance projects that total $220.7 million. That’s more than the company closed during all of 2011.
Last year Mercantile closed 57 loans to finance projects valued at more than $174 million in total project costs. Loan volume for the first six months of 2012 is up 240 percent from the same period in 2011, which was a record-breaking year for the company.
Hurn said job creation is one of the principal goals of the SBA 504 loan program. Since Mercantile Capital Corporation opened its doors in 2003, its SBA 504 loans — which are approaching the $1 billion mark — have helped create or retain 6,584 jobs.
“The SBA 504 loan program is one of the most effective economic development and job creation programs the U.S. government has to its credit,” Hurn said.
“We can help small business enterprises grow by helping them take control of their commercial real estate expenses with long-term, below-market, fixed interest rates, and longer terms than are available with ordinary commercial financing right now.” Hurn said.
First Green Bank to Launch Small Farmers Loan Program
MOUNT DORA, Fla. – First Green Bank, headquartered in Mount Dora, will launch a small farmers loan program before the end of this year to provide loans to small farming operations throughout Central Florida.
Kenneth LaRoe, chairman and chief executive officer of First Green Bank, said the loan program is approval driven.
First Green Bank was named Florida’s 2011 Green Company of the Year by the U.S. Green Building Council’s Central Florida Chapter. Its Mount Dora headquarters is the second privately constructed building in Florida to qualify for the Council’s LEED Platinum certification for energy efficiency and environmental sustainability.
First Green Bank also has branches in Clermont and Ormond Beach and plans to open a branch in downtown Orlando by the end of the year.
Kenneth LaRoe, chairman and chief executive officer of First Green Bank, said the loan program is approval driven.
First Green Bank was named Florida’s 2011 Green Company of the Year by the U.S. Green Building Council’s Central Florida Chapter. Its Mount Dora headquarters is the second privately constructed building in Florida to qualify for the Council’s LEED Platinum certification for energy efficiency and environmental sustainability.
First Green Bank also has branches in Clermont and Ormond Beach and plans to open a branch in downtown Orlando by the end of the year.
Henin Homes appoints Bion Davis sales associate at Riviera Bella in Debary
DEBARY, Fla. – Henin Homes, a luxury home builder at Riviera Bella overlooking the St. Johns River in DeBary, has named Bion Davis sales associate at Riviera Bella.
Jerome Henin, who heads Henin Homes, the home building division of the Henin Group, said Davis graduated from the University of Maine and has four years of experience in new home sales.
Riviera Bella a guard gated community offers luxury homes ranging from the 190,000s to over $2 million.
Jerome Henin, who heads Henin Homes, the home building division of the Henin Group, said Davis graduated from the University of Maine and has four years of experience in new home sales.
Riviera Bella a guard gated community offers luxury homes ranging from the 190,000s to over $2 million.
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