Posted in business-financing, closed-transactions, hotel-finance, sba-7a-finance by Editor
Cincinnati, OH – Cornovus Capital, a Cincinnati-based commercial real estate and business finance advisory firm, is pleased to announce the successful arrangement of a $4.2 million refinance for a 110-room, three-story Comfort Inn & Suites. The transaction arrives at an ideal time, as the property has recently completed a comprehensive renovation encompassing all required brand-standard enhancements. These upgrades—ranging from refreshed guest rooms and modernized common areas to revitalized amenities and updated technology infrastructure—demonstrate the hotel’s unwavering commitment to delivering a superior hospitality experience.
The newly arranged SBA 7(a) loan includes a 25-year fully amortizing schedule, delivering a stable, long-term payment structure and enhanced operational flexibility. By refinancing existing debt into a single comprehensive loan, the hotel’s owners can now streamline monthly payments, maintain stronger cash reserves, and channel financial resources into strategic initiatives. This flexibility allows them to focus on additional property improvements, staff development, and marketing initiatives to draw more guests and boost occupancy.
Furthermore, the extended term and competitive interest rates of the SBA 7(a) program provide a more predictable cash flow—critical for hotels looking to sustain ongoing renovations or implement further enhancements. With the major renovation work recently completed, the owners can now capitalize on increased guest satisfaction and loyalty. Future plans may include added amenities or service upgrades to build on the hotel’s new momentum, positioning the property strongly in the local market and driving long-term profitability.
Leveraging over 60 years of combined industry expertise, Cornovus Capital has carved out a reputation for developing innovative, tailor-made financing solutions for commercial real estate and business ventures nationwide. The firm’s extensive network—which spans SBA lenders, CMBS providers, life insurance companies, hedge funds, private capital, and both regional and national banks—enables it to customize each transaction to align with the borrower’s strategic objectives and overarching vision.
By drawing upon this deep well of resources and partnerships, Cornovus Capital is able to structure loans that cater specifically to the needs of hospitality owners aiming to strengthen their brand presence, enhance operational efficiency, and drive sustainable growth. The debt structure exemplifies Cornovus Capital’s dedication to matching the right financing tools with clients’ unique requirements, providing them not only with immediate financial stability but also the long-term flexibility to invest in brand standards, property upgrades, and guest experience improvements.
For more information on how Cornovus Capital can assist with commercial real estate and business financing needs, please call 513-653-3079 or visit www.Cornovuscapital.com.
Tags: cmbs finance-my-hotel finance-my-hotel-with-an-sba-loan hotel-acquisition hotel-pip-financing hotel-refinance pip sba-7a-financing