Q: How
long has the company been in business?
A: The
company has
been in business since 1978 operating as a Corporate Financial
Services and Commercial Mortgage Services company, specifically assisting the corporate
and commercial real estate communities with a whole
range of direct access lending financial services. Commercial
Mortgage Services is part of the Corporate Financial Group (CFG)
division of Corporate Finance New York.
Q: What
types of financial services does CFG offer?
A: CFG was established
to service the corporate community with financial products and
services tailored to meet their needs. CFG's Commercial Mortgage
Services division offers a number of
commercial real estate financing products, from traditional
commercial loans, to hard money, bridge and mezzanine financing. Our
corporate financial services which are offered by Corporate Finance
New York includes, asset-based lending, factoring, accounts receivable
financing, equipment and inventory loans.
Q:
What if my deal failed to meet CFG's lending
criteria?
A: CFG has established itself as a one-stop shop for most
corporate financing needs, which means, doing our best to get your
deal done even if is not with CFG.
Although we
cannot guarantee success, CFG
has established a network of lenders, each having their own unique
lending criteria, collectively, providing financing options to help
each other get our deals done.
These other lenders
also participate in the excess volume of business generated through our online network.
Q: Can a Broker submit deals to CFG?
A: Yes. CFG is pleased to work with brokers. For
additional information, please visit www.BrokerDeal.com.
Q: Our
company is in trouble and we are considering reorganization under Chapter
11, can you help us?
A: Yes. Our
asset-based lending turnaround/workout
specialists can help companies in trouble, including companies
that are in Chapter 11. Our
focus is to prevent Chapter 11 or if already in Chapter 11, to exit,
by restructuring debt and providing working capital with a number of
asset-based lines of credit and/or term loans tailored specifically
for the situation.
Q: Do
you also offer specialty property loans?
A: Yes. CFG has
dedicated itself to be a one-stop commercial finance center, which
includes offering specialty property loans for franchised gas
stations, c-stores, automotive service centers and restaurants.
Q: Is financing available for hard to place properties, such as, casinos, golf
courses, hospitality, commercial land, etc?
A: Yes. We have commercial programs available for most types of hard to place
properties.
Q: My commercial property's debt service coverage ratio "DSCR" fell below
our local bank's requirement. Can you help us?
A: Yes. The property may qualify
for bridge financing with a term of 2-3 years. Once the property is stabilized,
we would then look at a long term traditional loan.
Q: We have a project under construction, but, because of a partnership dispute, we are
about to lose our commitment. What can you do for us?
A: Our bridge or mezzanine
financing product might work in this situation.
Q: I am buying a commercial property below market value. Is it possible for the loan
amount to be based on market value, and not purchase price?
A: In most cases no. We
would look at the lesser of appraisal or purchase price.
Q: Is it possible to obtain 100% financing on a commercial property?
A: No. Currently we do not offer 100% financing programs on commercial properties.
Depending on property type and debt service coverage ratio, the loan to value ratio
"LTV" can be as high as 80%.
Q: We are a Bank / Mortgage Company / Loan Company /
REIT, and we would like to sell
part, or, all of our existing loan portfolio. Can you help us? And, who pays your fees?
A: Yes. We work with a number of institutional investors, and we are actively looking
for this type of opportunities. Our fees are paid by the buyer of the portfolio,
unless
other arrangements are made by the parties.
Q: Our company is opening an international division or subsidiary, but, we need
assistance with local agencies, licensing, marketing, equipment, inventory, etc.. Can you
help us?
A: Yes. We have an international network of professionals and resources, which are
available to our clients that need assistance with international requests.
Q: We are expanding
our business, but, we need assistance and guidance on how
to proceed. How can you help me?
A: Our Corporate Services Division offer a whole range of specific services, including,
helping companies with day to day guidance and consulting on every aspect of
expansion and growth.
Q: I would like to introduce my company or product to a major distributor,
manufacturer or company. Can CFG help, and what are your fees?
A: Yes. Our Corporate Services Division offer this type of service.
CFG has established partnering relationships with major companies.
These relationships are cross-marketed between CFG's client base and
partner companies. Our fees are based
on a percentage of the contract between our client and the partner company.
Q: What other services does CFG offer?
A: CFG offer related
business services at discount rates to its client base. These
additional services include, Internet services that provides
hosting, Internet connection and web developing at discount prices.
Communication services that includes local and long distance, DSL
and Data. In most cases these additional services are offered
at cost which are less than what our clients are paying at the time.
Q: How can we
partner with CFG to cross-market our products and services with CFG's
products and services and be part of the CFG online network?
A: Cross-marketing
our client's and partner companies products and services on our
online network was a CFG concept that became a very beneficial and
profitable reality for our partners. It brings together a network of
reliable companies offering each other products and services from a
collective marketing venue that increases sales at no additional
marketing cost. Click here
to contact us for more
information.
