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SBA 7a financing Tag

01 Sep

Michigan – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged acquisition financing for a single tenant Class A office building.  The transaction was structured as an SBA 7a loan, featuring a Loan to Cost exceeding 109%, and 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...

09:36 / Blog Post / Business Financing / Closed Transactions / SBA 7a Finance
10 Jul

CINCINNATI – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged a $5MM refinance of existing debt, and credit facility to be used in a new project. The transaction was structured with a 5-year term on a 25-year 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 SBA, CMBS, life insurance companies, hedge funds, private capital, regional and national banks. For more information contact Jerry Dehner, Managing Partner at 513-792-2727 or visit: www.CornovusCapital.com...

13:09 / Closed Transactions / CMBS Financing / Non-Recourse Financing
21 Apr

CINCINNATI – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranges financing for one of Cincinnati’s oldest, CNC technology companies. Financing enabled ownership the ability to refinance existing debt, acquire new equipment to be used for new production lines and retool existing equipment for higher efficiency and output.  With the increased capacity, the company will add three shifts, and 12 to 15 new jobs to their current labor force. 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...

15:54 / Business Financing / SBA 7a Finance
10 Mar

INDIANAPOLIS – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged acquisition financing for an independent boutique 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 finance transactions nationwide. ​ For more information Jerry Dehner, Managing...

14:16 / Business Financing / Closed Transactions / Hotel Finance / SBA 7a Finance / Uncategorized
05 Dec

CINCINNATI – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged $3.9 million refinance for a Comfort Inn & Suites, 100-room, three story hotel property. The transaction was structured with an interest only period, then converting to an amortizing loan structure. Cornovus arranged financing for the borrower through a private debt fund. 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...

13:04 / Business Financing / Closed Transactions / Hotel Finance / SBA 7a Finance
27 Aug

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 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.  The hotel is ideally situated near I-75, the University of Dayton Arena, University of Dayton, 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 across the country. We work with established, long-term relationships, including Debt Funds, SBA, CMBS, Life Insurance Companies, Hedge Funds,...

21:45 / Business Financing / Closed Transactions / Hotel Finance / SBA 7a Finance
27 Jan

CINCINNATI – Gerard Dehner, Managing Partner of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged acquisition financing for an independent boutique 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 finance transactions nationwide. ​ For more information Jerry Dehner, Managing...

13:12 / Business Financing / Closed Transactions / Hotel Finance / SBA 7a Finance
06 Jan

An attractive resource for business and commercial real estate borrowers SBA 7(a) lending is a fantastic resource for borrowers in industries including hospitality, medical, assisted living/skilled nursing, retail, manufacturing restaurants and more. Its name comes from the narrative section of the Small Business Administration Act, which authorizes the agency to fund small business. Applicants must meet certain eligibility criteria including occupancy and/or use of at least 51% of the space. The loan doesn’t come from the SBA; it comes from an approved commercial lender, and you can find those easily within a quick internet search. The attractiveness to borrowers is the range of loan sizes, long repayment terms and relatively low-interest rates. The attractiveness to lenders is that up to 75% of the...

14:15 / Blog Post / Business Financing / Hotel Finance / SBA 7a Finance
28 Sep

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 owners are savvy and understand the nuances of financing terms, getting a fixed or a floating interest rate on their loan still causes unwarranted complexities.  SBA approved lenders who sell their loans earn higher premiums on variable (floating rate) loans. This higher profitability in variable rates is countered when lenders typically ask for higher servicing fees for fixed-rate loans. The type of interest rates that banks offer mostly depend on factors...

18:43 / Blog Post
09 Jul

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, the consequences can be crippling — personally and professionally. When choosing to work with family, there’s a valuable first lesson that applies to businesses of every type: Great character doesn’t always equal great business savvy. Even if your brother-in-law has bookkeeping experience, he may not be well versed in the intricacies of your specific goals and...

15:55 / Blog Post / Business Financing
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