February 12, 2024
Nashville, TN - Mario Grk, Originations Leader of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged a $1.8MM refinance of existing debt, and property improvement plan to complete renovations needed to achieve a branded flag. The financing was structured with a 25-year term with a fully amortizing loan schedule. For more than 25 years, Cornovus...
Read MoreMarch 10, 2023
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 tran...
Read MoreDecember 5, 2022
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...
Read MoreMarch 6, 2022
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 De...
Read MoreJanuary 6, 2022
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. Appl...
Read MoreSeptember 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...
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