franchise finance Tag

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...