Posted in business-financing, closed-transactions, hotel-finance, sba-7a-finance by Editor
Indianapolis, IN - A Cincinnati-based commercial real estate and business finance advisory firm, Cornovus Capital, has successfully arranged $1.6 million in acquisition financing for a 115-room, three-story Wyndham Franchise Hotel. Formerly experiencing declining revenues, this property was acquired as a value-add opportunity, with the underwriting centered on projected revenues and the new ownership’s turnaround expertise, including plans for a Property Improvement Plan (PIP) renovation.
Cornovus Capital structured an SBA 7(a) loan facility featuring a 25-year fully amortizing term at WSJ +2%, ensuring a stable, predictable payment schedule over the life of the loan. This financing solution included collaboration with an East Coast Bank, demonstrating Cornovus Capital’s breadth of relationships and ability to secure competitive terms on behalf of its clients.
By combining value-add strategies, a defined turnaround plan, and favorable financing, the new owners can address the hotel’s revenue challenges, enhance guest experiences, and capitalize on an underperforming asset with substantial upside potential. The PIP renovation component will help the property align with Wyndham brand standards, driving customer satisfaction and expanding the hotel’s market appeal.
Leveraging over 60 years of combined industry experience, Cornovus Capital specializes in creative financing solutions for a variety of commercial real estate and business ventures nationwide. Its established partnerships with SBA lenders, CMBS providers, life insurance companies, hedge funds, private capital, and both regional and national banks enable Cornovus Capital to tailor funding structures to each client’s unique strategic objectives.
For more information on how Cornovus Capital can assist with commercial real estate and business financing needs, please call 513-653-4246 or visit: www.Cornovuscapital.com.
Tags: finance-my-hotel finance-my-hotel-with-an-sba-loan hotel-finance hotel-financing hotel-pip-financing hotel-refinance