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SBA offers financing through a lot of different programs; each with its own peculiarities and specificities. While all financing products are equally important and crucial, 7(a) and 504 are two of the most popular programs as they offer flexibility, lower down payments, and favorable prepayment terms. Even though most business owners are savvy and understand the nuances of financing terms, getting a fixed or a floating interest rate on their loan still causes unwarranted complexities.  SBA approved lenders who sell their loans earn higher premiums on variable (floating rate) loans. This higher profitability in variable rates is countered when lenders typically ask for higher servicing fees for fixed-rate loans. The type of interest rates that banks offer mostly depend on factors...

An attractive resource for business and commercial real estate borrowers SBA 7(a) lending is a fantastic resource for borrowers in industries including hospitality, medical, assisted living/skilled nursing, retail, manufacturing restaurants and more. Its name comes from the narrative section of the Small Business Administration Act, which authorizes the agency to fund small business. Applicants must meet certain eligibility criteria including occupancy and/or use of at least 51% of the space. The loan doesn’t come from the SBA; it comes from an approved commercial lender, and you can find those easily within a quick internet search. The attractiveness to borrowers is the range of loan sizes, long repayment terms and relatively low-interest rates. The attractiveness to lenders is that up to 75% of the...

When the owners of a 131-room, full-service hotel in Pennsylvania decided to convert from Clarion to the Trademark by Wyndham brand, they turned to Gerard “Jerry” Dehner, Managing Partner of Cornovus Capital, a Cincinnati-based commercial real estate and business finance advisory firm. Working through a private-debt fund, Cornovus helped the hoteliers arrange a $5.65 million refinance, reposition, and PIP loan to fund the conversion. The transaction was structured with an interest-only period, converting to an amortizing loan structure. Cornovus Capital arranges transaction financing for commercial real estate and business owners across the country. We maintain established, long-term relationships with partners in sectors that include SBA, CMBS, life insurance, hedge funds, private capital, and regional and national banks. For more information, contact Jerry Dehner at...

CINCINNATI – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged acquisition financing of for a distributor of industrial electrical heating elements, controls and automation products. The transaction was structured as an SBA 7a loan, with a 10-year fully amortizing loan schedule. For more than 20 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.comr...

It’s not unusual for owners to partner with family members on an industrial, hotel or office-based business. In fact, many of our commercial real estate borrowers rely on help from parents, cousins, siblings and in-laws. It seems logical to entrust your business to those closest to you, and when it works, it’s an amazing way to build toward a successful future. But when it doesn’t work, the consequences can be crippling — personally and professionally. When choosing to work with family, there’s a valuable first lesson that applies to businesses of every type: Great character doesn’t always equal great business savvy. Even if your brother-in-law has bookkeeping experience, he may not be well versed in the intricacies of your specific goals and...

Entering into the year, the economy was on the rise. Borrowers were expecting significant liquidity from institutionalized lenders. Private money lenders were anticipated to be most active and the LTC percentages were going to rise, indicating an overall increase in risk appetite. After the worldwide spread of COVID-19 in February and the enforced self-quarantine as a measure; the financial structures were hit abruptly and harshly. This caused a partial to total shutdown of business operations for a lot of companies. Small businesses were among those first affected especially after realizing the key statistic that according to the National Bureau of Economic Research; about three-quarters of the small businesses have the cash to cover just two months of operations at most. https://www.fiercetelecom.com/telecom/centurylink-opens-small-business-focused-150-employee-call-center-louisiana To counter...

Rendering of the hotel’s future lobby (above) and guest room (below). PHOTOS COURTESY OF RED ROOF INN. Gerard “Jerry” Dehner, Managing Partner of Cornovus Capital, arranged $1.8MM in financing for a 25,000-square-foot former Knights Inn near Dayton, Ohio, to undergo extensive renovations and become part of the Red Roof Inn brand. Following the renovation, the hotel will feature upgrades to its 76 guest rooms, lobby, common spaces, parking lot, and exterior façade. Renovations are expected to be completed in mid-2019 at the hotel, which is ideally situated near I-75, the University of Dayton Arena, and the Fuyao Glass America plant. Cornovus Capital arranges transaction financing for commercial real estate and business owners across the country. We maintain established, long-term relationships with partners...

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...

CINCINNATI – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged construction loan financing for a Cincinnati, Ohio based Periodontics Practice. The transaction was structured as an SBA 7a loan, 10-year term, 12-month interest only period followed by 108 monthly principal and interest payment. For more than 20 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 contact information 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 acquisition financing for an independent boutique hotel. The transaction was structured as an SBA 7a loan, with a 25-year fully amortizing loan schedule. For more than 20 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 Jerry Dehner, Managing Partner at 513-792-2727 or visit: www.CornovusCapital.com...