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Chris Hurn
Works at Fountainhead Commercial Capital
Attended Loyola University Chicago
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Chris Hurn

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Get Ready to Refinance…with SBA 504 Loans

We’ve heard good things come in three’s: for the small business finance industry, we’d like to think these are our recent capital raise announcement, our recent nationwide lending and nationwide FastTrack504 announcement, and now THIS announcement:

Our Chief Credit officer, Steve, is attending the NADCO Spring Summit and has reported some great news… the SBA has finally announced it will start processing files under the Permanent 504 Refinance Program on June 24th.

Fountainhead is on standby ready to assist you with any eligible commercial refinance deals you need help closing!

The following are the highlights of the new program:
1. The new rules will be published this Wednesday at the Federal Registry and the SBA will begin processing applications this June 24th. That’s just over one month from now, so it’s really time NOW to start sending in opportunities for us to review.
2. The commercial mortgage/deed of trust debt to be refinanced must be at least 2 years old.
3. The loan (or loans – can be more than one eligible loan) being refinanced must not have any late payments in the previous 12 months and evidence of such must be presented.
4. The subject property must be a minimum 51% owner occupied and meet all other eligibility requirements of the SBA 504 program.
5. For refinance-only projects, the maximum LTV is 90%.
6. Cash-out refinancing is permitted to cover eligible business operating expenses, although there are more restrictions (contact us and we can discuss the specifics).
7. Unfortunately, existing “government backed” loans, such as 504’s, 7(a)’s or USDA loans, CANNOT be refinanced under this new program. So this is ONLY applicable to conventionally financed commercial mortgages/deeds of trust.
8. Any first lien refinance loan done through Fountainhead will be eligible for our FastTrack504 program’s premiums (of course… this assumes you’re signed up as a FastTrack504 Partner: www.Fountainhead504.com/FastTrack). Might want to do that right away!

Those are the high points that we know at this time. But instead of attempting to detail ALL the new rules and regulations in a blog post, just contact us today so we can discuss how Fountainhead can assist you, your clients or those you know, in refinancing commercial real estate using our very beneficial below-market, long-term fixed-rate financing with high LTV (up to 90%) terms in our SBA 504 program.

Any owner-occupied, conventionally financed loan you or someone you know may have made over two years ago, probably needs reviewed for applicability to the new 504 Refi program.
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A worthy podcast to listen to if you're into "the future" and all things small business finance-related.  Enjoy!
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Chris Hurn

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Latest blogpost:  Why Some Lenders are Like Teenagers in Horror Movies...
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Great interview (in my humble opinion) on my new company, Fountainhead Commercial Capital. Let me know your thoughts.
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Great stuff Chris, congrats on the new endeavor!
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Chris Hurn

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Check out my latest video interview on YouTube:
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THE PROBLEM:
Paperwork is the pits — it's an undeniable fact. Even though an SBA 504 loan is the very best option for most small business owners who want to purchase, construct, or expand their commercial property, they'll often tell you that the paperwork required seems mountainous and daunting. It's a major hurdle, and it's caused far too many business owners to miss out on the wealth-creating benefits of commercial property ownership via the SBA 504 loan program.

THE SOLUTION: www.504touch.com
See it and try it for yourself today...
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Chris Hurn

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Another article I was extensively quoted in... from the Kabbage blog.  Enjoy!
As Kabbage recently reported, one of the SBA’s most important small business loan programs, the SBA 7(a) loan program, has run out of money for 2015...
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Here's my latest Forbes piece.  Enjoy!
#SBA   #sba504   #smallbusiness   #entrepreneurs  
A simple change in public policy could save many small businesses hundreds of thousands of dollars – and pump billions into our economy.
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Proud to announce this: FastTrack504... the first, fully-outsourced lender program for SBA 504 loans. Allowing banks, nonbank lenders and credit unions to hand-off this specialized lending to the experts (us) so they can get back to doing what they do best... and earning non-interest income in the process...more details at: www.Fountainhead504.com. ‪#‎SBA504‬
Fountainhead Commercial Capital today announced the creation of the FastTrack 504™ program which enables banks and credit unions to fully outsource SBA 504 loans for owner-occupied real estate.
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The Commercial Finance Update from +Mercantile Capital Corporation has been revamped to be mobile-friendly AND printer-friendly! Take a look at the May 2014 edition and please share with others if you find the information helpful.
Mercantile Capital Corporation, the small business commercial real estate loan experts, provide the latest news in a complimentary, mobile-friendly format.
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Breaking News!  This will completely change the Small Business Loan industry...
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My latest HuffingtonPost column...
+HuffPost
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People
In his circles
2,423 people
Have him in circles
3,146 people
Mohiuddin Chowdhury's profile photo
Shan Ferguson's profile photo
Anthony Mc Carthy's profile photo
Lila Avery-Fuson's profile photo
Josie Gage's profile photo
wlodzimierz caban's profile photo
arnard michael's profile photo
Robert Southwell's profile photo
matthew reid's profile photo
Work
Occupation
I'm a serial entrepreneur and Amazon Best-Selling Author. Currently run Fountainhead Commercial Capital, specialists in SBA 504 loans; and Kennedy's All-American Barber Club, an upscale barbershop franchise.
Employment
  • Fountainhead Commercial Capital
    Founder & CEO, 2015 - present
  • Kennedy's All-American Barber Club
    Co-Founder, CEO & Chairman, 2008 - 2015
Basic Information
Gender
Male
Birthday
June 14
Other names
Christopher G. Hurn
Story
Tagline
Bestselling author & serial entrepreneur: Cofounder/CEO of 2 companies. Trying to be a great husband/father/leader...
Introduction
Entrepreneur, Amazon Best-Selling Author, Speaker, Writer/Blogger, Leader.  One of my companies (Fountainhead Commercial Capital) ONLY finances commercial real estate for other entrepreneurs and small business owners all over the U.S. utilizing the SBA 504 loan; while my other business (Kennedy's All-American Barber Club) caters to discerning Gentlemen looking for a fine grooming experience with the old-world charm of your father's barbershop (currently, we have 13 Clubs open in FL, MD, NJ, and CT so far...).  In both cases, I "buy" what I "sell" -- I have a 504 loan, and I actually own one of our Kennedy's Clubs.
Education
  • Loyola University Chicago
    Applied Psychology & Political Science, 1990 - 1994
  • University of Pennsylvania
    Masters, 1994 - 1995
  • Georgetown University Law Center
    Law, 1996 - 1997
Contact Information
Work
Phone
407-233-1504
Email
Address
429 S. Keller Road, 3rd Floor Orlando, FL 32810