Thursday, March 17, 2011

Mercantile Capital Corp. Provides Commercial Real Estate Loan in Orlando Worth Over $3.2 Million

ALTAMONTE SPRINGS, FL – 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, closed a commercial loan for XL Soccer World Orlando, LLC recently for $3,203,100 in total project costs.

XL Soccer World Orlando will provide the premier indoor soccer facility in the Central Florida area.  The facility will be the only fully air conditioned multi-field indoor soccer facility in Central Florida and will be a fun, pleasant environment to play and watch soccer.  XL will be offering indoor leagues to players of all ages and abilities.

 “We are delighted to be finally breaking ground on this fantastic project, and everyone involved so far has been great to work with and very enthusiastic,” said owner Ciaran McArdle (top right photo).

  “It certainly helps when your lenders are huge soccer fans like Mercantile.  This allowed them to understand the project in fine detail and pulled together a very motivated team so we could get this through to the finish line.

“ Most of the staff are either players themselves or have children who will be playing in the facility, so I think we had our first customers lined up before the ink was dry!” 

The SmartChoice Commercial Loan Program helps owners of small to mid-sized businesses, like XL Soccer World Orlando, LLC, have an opportunity to create wealth and financial freedom, said Chris Hurn, chief executive officer of Mercantile Capital Corporation.   

“Mercantile Capital Corporation’s specialization in SmartChoice Commercial Loans, also known as SBA 504 loans, allows borrowers like McArdle 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,” Hurn explained.

For more information, visit
Chris Hurn, CEO Mercantile Capital Corporation, 407-786-5040
Ciaran McArdle, XL Soccer World Orlando, 407-641-4791
Larry Vershel or Beth Payan Larry Vershel Communications 407-644-4142

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