Non-Recourse Financing

Cornovus Capital, a Cincinnati based commercial real estate finance advisory firm, is pleased to announce the closing of a $37.4 million construction loan for the redevelopment of office buildings into multifamily housing.  The borrower will use the financing to convert the recently acquired office buildings, which were constructed in the early 1980s, into 129 apartments as well as add 97 rental townhomes on the 10.86-acre site. Cornovus Capital advised and arranged the loan through a national, non-bank commercial mortgage lender.  The loan featured non-recourse construction debt, competitive rates, increased loan proceeds and upon CO, the project will roll into an interest only Mini-Perm for up to 36 months. For more than 25 years, Gerard Dehner, Managing Partner, Cornovus Capital, has arranged transaction...

CINCINNATI – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged $5 million for borrowers to refinance existing debt and provide additional capital to be used in another project. The transaction was structured with a 5-year term on a 25-year amortizing loan schedule. For more than 25 years, Gerard Dehner, Managing Partner Cornovus Capital, has arranged transaction financing for commercial real estate and business owners across the country. We work with established, long-term relationships, including SBA, CMBS, life insurance companies, hedge funds, private capital, regional and national banks. For more information contact Jerry Dehner, Managing Partner at 513-792-2727 or visit: www.CornovusCapital.com...

CINCINNATI – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged construction loan financing of $8.3 million for a Hampton Inn & Suites, 85-room, four-story hotel property. The transaction was structured with an 18-month construction term, converting to a 10-year term on a 25-year amortization schedule. For more than 25 years, Gerard Dehner, Managing Partner, Cornovus Capital, has arranged transaction financing for commercial real estate and business owners across the country. We work with established, long-term relationships, including Debt Funds, SBA, CMBS, Life Insurance Companies, Hedge Funds, Private Capital, Regional and National Banks. Cornovus Capital focuses on debt placement for improved commercial real estate properties, with a specialization in multifamily reposition, hospitality...

Cornovus Capital has added a location and collocated with the newly built out offices of Lee & Associates RICORE Commercial Real Estate Services. The location features 20,000 square feet, houses Lee & Associates RICORE a franchisee of Lee & Associates, a rapidly expanding commercial real estate franchisor with over 150 independently owned and operated brokerage and property Management offices throughout the United States & Canada; Lee & Associates Cincinnati Property Management a regional provider of commercial property management services, managing a portfolio of over 8.1 million square feet of office, industrial, and retail assets in the Greater Cincinnati and greater Columbus, Ohio, Northern Kentucky and Indianapolis Indiana. Lee & Associates Cincinnati has provided commercial real estate owners and investors with professional management services since 2001 and is...