NEWPORT BEACH, CA-Mercantile Capital Corporation, an affiliate of Old Florida National Bank, has closed on construction loans to finance commercial property projects estimated at over $11.6 million in May. The company's largest single loan recently financed a multi-specialist medical office facility in California.
The company financed the construction of a $6.5-million medical office facility in Newport Beach. Mercantile Capital Corporation provides U.S. Small Business Administration (SBA) 504 loans for owners looking to develop or acquire properties.For the full story, go to Florida Real Estate Journal.
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