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Hi I’m Chris Hurn, the CEO and co-founder of Mercantile Capital Corporation. Today I
am going to tell you a little bit about the SBA just announcing that they have lifted
the maturity requirement for their new 504 refinance provision. As of last Wednesday,
at about 3:30-4:00 EST, they decided to do away with what had not been working out real
well for them which was the notion that we would only refinance debt that was coming
due between now and December 2012. Now, that has completely gone away and the timing of
it is perfect because it is going to be recorded in the Federal Registry tomorrow, April 6,
2011.
It just so happens that tomorrow I’m going to be hosting a webinar all about 504 refinances.
Hopefully, you’ve signed up. If you haven’t yet, we have 276 people already as of this
morning. We actually had to add some lines. I’m being told by my associates that we
have 400 lines now. So, if you are interested you need to go to the following URL: bit.ly/504RefiExplained
Type this in your browser bit.ly/504RefiExplained and pull up all the information so that you
can register for this. The call is tomorrow at 1:00 EST. We are going to go over all the
details that you’d ever want to know about how to get a new commercial loan with a 504
that refinances old commercial debt.
Whether you are a mortgage professional and had a bunch of clients in the past, or you
are a small business owner who was actually smart and took out a commercial mortgage a
few years ago and now you want to tap some embedded equity, perhaps lock in today’s
low interest rates, re-amortize your loan, all that can happen. We are going to explain
all of it to you tomorrow. I don’t want to give away too much here on this video today
but I want to remind you to go to bit.ly/504RefiExplained If you just can’t wait then go to our 504
refinance website that we built especially for this which is www.SBA504LoanRefi.com or
you can always give us a call. Again, that’s www.SBA504LoanRefi.com or you can give us
a call here at 1-866-622-4504.
Other than that I don’t really have a whole lot to report today. Hopefully you will be
on the call tomorrow and I’ll explain everything you’ve ever wanted to know about how to
get a 504 Loan to refinance your existing debt. Hopefully we’ll see you soon and hear
from you tomorrow. Thanks!