September 28, 2021
28 Sep Fixed vs Floating Rate what’s better for SBA borrowers? 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 ow...
Read MoreJuly 9, 2021
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, t...
Read MoreFebruary 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) loa...
Read MoreJanuary 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, Corno...
Read MoreJuly 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 struc...
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