(“Dealnet”) (TSX VENTURE:DLS) for a purchase price of approximately $35.0 million. Of the $35 million purchase price, $30 million will be paid in cash and Dealnet will issue to Chesswood 5,176,876 common shares of Dealnet and a $2 million convertible note which will mature in two years and provide for interest at 6% per annum and the right of Chesswood to convert in whole or in part at any time to acquire additional common shares of Dealnet at a conversion price of $0.64. Closing of the transaction is subject to customary conditions and regulatory and third party consents, and is expected to occur in February, 2016. “The sale of EcoHome reflects our decision to become singularly focused on our commercial finance businesses and the many growth opportunities they offer, while generating a significant return for our shareholders on the sale of EcoHome, in less than one year of our ownership,” said Barry Shafran, Chesswood’s President and CEO. “In addition, through our resulting share ownership in Dealnet, we will continue to benefit from Dealnet’s expansion, including growth at EcoHome.” Commercial Finance Growth Chesswood’s equipment finance businesses enjoyed a record 2015 in originations growth, including record 4th quarter fundings. Pawnee Leasing Corporation and Blue Chip Leasing Corporation enjoyed very strong originations while executing on our strategy of offering an expanded product mix to our customers. These efforts continue in 2016 as the complementary knowledge and skills of each business are increasingly shared and leveraged.
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Home | About Us | Commercial Loans | Hard Money/ Bridge Loans | Business Cash Advance | Factoring | Foreclosure | Equipment Leasing | Contact Us All information submitted by loan applicants is subject to verification. Small business loans for start-ups, including on-line retailers. Four minutes is all it takes, and your use of C-Loans is FREE! Learn about this alternative method of financing companies use to finance expansion. Your loan is secured by the owner-occupier real estate Pay for ongoing or one-time expenses such as expansion and remodelling Finance $25,000 to $2 million maximum $1 million when financed as a line of credit—up to 80% of the property value including fees and closing costs Tap into your equity with either a loan or a line of credit secured by the owner-occupier real estate owner-occupier real estate is typically determined by a combination of the percentage of occupancy > 50% and the percentage of rent paid by the borrower/guarantor/affiliate on the transaction being > 50%, subject to the regulatory definition.
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Sign.p down below and or call us to ask us questions 718 887-3932 . My loan specialist’s knowledge about the various loan products and negotiating a good deal… is exceptional.” Flat Building Loans and Multifamily Loans Maximize your multifamily investment with an flat loan that meets your specific goals and objectives. Simply click on the steps below to learn more about our lending process. Your transaction will be matched with the top 1-3 loan programs that best fits your request, and a Loan Specialist will assist you by explaining the features of the proposed loan options. If you rent, making improvements could mean getting a landlord’s permission and the possibility of having to reverse the improvements at the end of your lease term.