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hotel financing Tag

15 Oct

CINCINNATI – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged construction loan financing of $4.25MM for a Boutique Hotel, 25-rooms, 225 seat upscale restaurant, and meeting space. The transaction was structured with an 18-month construction term, converting to a 5-year term on a 25-year amortization 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,...

13:11 / Business Financing / Closed Transactions / Hotel Finance / SBA 7a Finance
06 Mar

CINCINNATI – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged acquisition financing of $1.9MM for a Baymont Inn & Suites, 101-room, limited service, interior corridor hotel. 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...

13:03 / Business Financing / Closed Transactions / Hotel Finance / SBA 7a Finance
15 Aug

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. 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...

17:20 / Business Financing / Closed Transactions / Hotel Finance / SBA 7a Finance
30 Jun

Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati-based commercial real estate and business finance advisory firm, arranged $1.6 million in acquisition funds for a 115-room, three-story Super 8 Hotel. The hotel, which had experienced decreasing revenues, was acquired as a value-add and underwritten based on projected revenues and ownership turnaround experience. Cornovus Capital advised and arranged a SBA 7(a) loan facility which featured a fully amortizing 25-year term. The loan pricing was WSJ +2%. Cornovus Capital worked with an East Coast Bank to arrange the request. 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,...

09:23 / Business Financing / Closed Transactions / Hotel Finance / SBA 7a Finance
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