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February 9, 2021

Working via Gerard “Jerry” Dehner, Managing Partner of Cornovus Capital, the OmSai Ram Investment Group has acquired tenant improvement, FF&E, interest carry, and working capital financing necessary for the build-out of a new Burgerim Franchise. A Cincinnati-based commercial real estate and business finance advisory firm, Cornovus Capital advised and arranged a SBA 7(a) loan facility, which featured four months of interest-only payments, followed by 116 months fully amortized. The loan pricing was WSJ +2%. Cornovus arranged the request through a Midwest bank. 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...

February 4, 2021

Here are three great reasons to consider refinancing your current loan or using the SBA 7(a) for your next acquisition.  Cornovus Capital can connect you with the SBA lender most interested in your kind of work. Not every SBA lender will say “yes” to every kind of loan, which is why you want to talk with the experts at Cornovus Capital.  Reason #1 Borrowers who take out new 7(a) loans prior to October, 2021 will receive the first 6 months of principal and interest payments. Payments will be capped at $9,000/month for a maximum total of $54,000. We consider that “free money.” Reason #2 SBA is waiving the guarantee fees for borrower and lender! The guaranty fee covers the costs of the 7(a) program so...

January 30, 2021

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...

January 21, 2021

CINCINNATI – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged $4.2 million refinance for a Comfort Inn & Suites, 100-room, three story hotel property. The transaction was structured as an SBA 7a loan, with a 25-year fully 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 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 properties, and business finance transactions...

July 7, 2020

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...

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