owner occupied financing Tag

Rendering of the hotel’s future lobby (above) and guest room (below). PHOTOS COURTESY OF RED ROOF INN. Gerard “Jerry” Dehner, Managing Partner of Cornovus Capital, arranged $1.8MM in financing for a 25,000-square-foot former Knights Inn near Dayton, Ohio, to undergo extensive renovations and become part of the Red Roof Inn brand. Following the renovation, the hotel will feature upgrades to its 76 guest rooms, lobby, common spaces, parking lot, and exterior façade. Renovations are expected to be completed in mid-2019 at the hotel, which is ideally situated near I-75, the University of Dayton Arena, and the Fuyao Glass America plant. For more than 25 years, Gerard Dehner, Managing Partner, Cornovus Capital, has arranged transaction financing for commercial real estate and business owners...

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...

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...