Fountainhead Commercial Capital Finances $1.44 Million New Jersey Warehouse Purchase
SPRINGFIELD, NJ, February 12, 2016 – Fountainhead Commercial Capital recently announced it financed the purchase of a 15,537-sf warehouse and office for Wanda Development, LLC, the parent company of online retailer MuchBuy.com. The building, located on .77 acres at 65 Brown Avenue, was purchased for $1.44 million and will include the company’s headquarters as well as warehouse space for its inventory of more than 1,300 items such as LED lights, car and phone accessories, PC parts, outdoor equipment and pet supplies among other goods.
The owners moved from renting a facility to owning using the low interest rates and favorable terms for owner-occupied real estate offered by Fountainhead and the SBA 504 loan program.
“The owners of MuchBuy.com did the math and quickly realized that they can save money and build wealth by purchasing their facility and transitioning from renting to owning,” said Chris Hurn, CEO of Fountainhead. “This is the second online retailer we have financed in the past four months that is expanding its business and choosing to buy commercial property as a long-term savings and wealth-building strategy.”
MuchBuy.com sells a variety of items, including electronic products, LED lights, cellphone accessories, and computer accessories. It offers products at a fair price via its own site and Amazon.com and plans to soon expand Internet sales to the United Kingdom, Australia and Canada.
Fountainhead Commercial Capital, a nonbank lender specializing in the SBA 504 loan program, was founded by some of the most experienced and awarded SBA 504 lenders around. The company’s FastTrack504™ program enables banks and credit unions to fully outsource SBA 504 loans to Fountainhead so they simplify the SBA process for their clients and deal with specialists, while earning referring lenders non-interest (premium) income. More information is available at www.Fountainhead504.com or by calling 800-770-1504.
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).