PRATT MORALES
Golden Crown Panaderia
Golden Crown is an iconic New Mexico bakery whose historic adobe building is recognizable to anyone hungry for authentic local flavor. But the Mountain Road space wasn’t always Golden Crown’s home.
When the building became available in 2004, Golden Crown owner Pratt Morales knew it was the right move for his long-established business — he just had to figure out how to buy it. Pratt, a 23-year Air Force veteran, had decades of success and a loyal following behind his bakery, but his limited credit history was a barrier to working with traditional banks.
He found DreamSpring, which approved him for a Commercial Real Estate loan. Pratt used the funds to buy his dream building, install a high-production kitchen and baking space, and add café seating inside and out. Since the move, Golden Crown’s reputation has only continued to rise.
“The best move I've made was DreamSpring because they have the funds available, they know me personally, they give me quick service, and they're more than just providing money — they provide financial professional assistance, business assistance, and they have quite a staff,” he says.