Cornovus Capital is fluent in all aspects of hospitality. Not only do we have decades of experience in hospitality financing; we own, operate, and provide owners representation for large institutions across the country. We understand that a great hotel can make for a wonderful family vacation, romantic getaway or business trip, and the sheer variety and volume are one of the many reasons we love traveling. Hotels have comprised more than 60 percent of our work over the last 15 years — a testament to our passion for helping hotel owners with the financing they need to provide an unforgettable overnight guest experience.
Additionally, we understand the unique pressures and needs that come with closing commercial real estate and business loans according to sensitive hotel brand standards and franchise regulations. Our knowledge of hotel brand standards and franchise regulations ranges from mid-tier brands like Hilton, Marriott, Hyatt, and Wyndham, to economy flags including Motel 6, America’s Best, Super 8, Red Roof and Quality Inn.
Our hospitality borrowers typically own 1-10 hotels and are heavily involved in the day-to-day operations. Loans we close provide financing for acquisition, renovation, property improvement plans (PIPs) and working capital. We also have vast expertise in refinancing for PIPs, partnership buyouts, rate and term, debt consolidation, reflag, deep turn renovations (repositioning).
15% Equity Requirement with Potential Variance of ± 5%
Experienced Operators
Interior or Exterior Corridor
Flagged or Unflagged Hotels
Written or verbal project narrative that includes project goals, objectives, experience, timing, and loan expectations.
3 years of business tax returns
Year-to-date Profit & Loss and Balance Sheet
3 years of personal tax returns
Personal Financial Statement (form provided)
Director of Operations
Originations Intern
"I’m telling all my dental colleagues about Jerry Dehner and Cornovus Capital. Thanks to Jerry’s expertise, my project was fully funded with a market rate on a 10-year amortization. It was great. I didn’t have to tap my cash reserves and I’d been expecting a 7-year loan with my local bank. The SBA 7(a) paperwork takes diligence but Cornovus walked us through step by step. Thanks to Jerry, I have capital for renovations, equipment and more. He knows his stuff."
Ray Bonomo, DMD, Cincinnati,
OH
"I work in the residential arena and rely on partners like Cornovus Capital for my clients in need of commercial financing. Jerry and I have worked on 5-6 deals in the last ten years—a hotel, a restaurant, construction and more. His knowledge is A+. He gives straight answers, does his due diligence and has solid, professional advice. I recommend him and would definitely work with him again."
Hiren Patel, Operations Manager, Oceans Lending,
FL
"Jerry helped us finance a restaurant. He guided us well. We appreciated his knowledge and willingness to go ‘above and beyond.’ It was our first experience with SBA and we ran into a couple obstacles. Jerry helped us talk with the sellers so they better understood what was needed. He helped us with the paperwork, too. It was new to us and we clearly needed help. Most professionals don’t take extra steps like Jerry does."
Pursharth Kapoor, Partner, Ashley’s of Rockledge,
FL
"Jerry successfully closed three transactions with me and we’re working on a fourth. Jerry knew all the nuances. He knew exactly which lender to access. He knew what questions to ask of us. He was in constant communication with me and I never felt out of the loop. He worked weekends. My deal wouldn’t have been completed without him. He believes in my project and can see what I’m trying to accomplish. He’s trustworthy. What he says he will do, he does. He’s likeable and he’ll keep you fully informed. If you’re looking for financing, go to Jerry first. He’s a straight-shooter and will let you know what you need to do."
Kerry Schwab, Sr. President & CEO, Schwab Hospitality Corporation,
PA
"Jerry got something accomplished no one else in town could do. My deal didn’t fit most lenders. Jerry not only got the deal financed, he got it done quicker than I expected. His ability to analyze numbers and cash flow is unique. The questions he asked ultimately saved us money. Jerry thinks about the big picture not just the deal in front of him. He thinks about my business overall and how he can save us money. There’s nobody else I would talk to. It’s just that simple. He makes it easy."
Robb Stein, CEO, Derojo, Inc.,
OH
"After four months of going nowhere with a big bank, I was fortunate to meet Jerry. His knowledge and expertise can only be described as outstanding. My financial interests were his top priority, which became particularly clear when he encouraged me to walk away from one option because the terms weren’t in my favor. He’s a man of character. Just bring your questions and be prepared to be blown away by his answers. He’s that good."
Ted Worland, CEO, Industrial Thermo Products,
IL
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