April 15, 2024
Chicago, IL - Mario Grk, Originations Leader of Cornovus Capital, a Cincinnati commercial real estate and business finance advisory firm, arranged 100% financing for the acquisition and renovation of a former bank, to be transitioned into the new location for their growing winery. The owners utilized 100% financing to provide a smooth transition from a rented location to a space they can now cal...
Read MoreSeptember 1, 2023
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, Manag...
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 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...
Read MoreJuly 9, 2021
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, t...
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