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Titan Bank Funds Office Warehouse Acquisition & Remodel, Wylie, Texas

Titan Bank, NA today announced the funding of a $310,000 loan for the purchase of an owner occupied office warehouse located in Wylie, Texas.

 
PRLog - Nov. 27, 2012 - DALLAS -- Dallas, TX, November 27, 2012 – Titan Bank, NA today announced the funding of a $310,000 loan for the acquisition of a +/- 6,150 square foot owner occupied office warehouse for DFW Electric Group located in Wylie, Texas.  The three year old company was previously leasing space when it decided to purchase real estate for their business.

Ben Deal, Titan Bank’s Vice President of Business Development comments, "Titan Bank provided the long term financing for the purchased of the company’s new headquarters.  This new long term location affords the company stability as well as growth of equity in the commercial real estate.  It also meets and exceeds their business needs with the added space and security.  Additionally the company almost doubled their usable square footage, yet the monthly payment of the new loan was less that their former rent.”

To quote the customer…”It was proven to us that Titan Bank SBA Lending and Ben Deal, Business Development make a great combination for our rapidly growing business that was in dire need of additional space.  Our “rent replacement” project was processed in a timely manner, but they also provided a “hands-on” approach as we were first time buyers and new to the SBA Lending Programs. No inquiries were left unanswered.  We would highly recommend that buyers turn to Titan Bank and Ben Deal when considering commercial real estate ownership. Overall, a very comfortable relationship.

The funding of this loan enables Titan to extend its lead in the SBA, USDA and small business lending sector.  As noted recently, Titan Bank received the US Government Small Business Administration’s Rising Star Award for the SBA’s Dallas Region.  The award is the latest recognition for Titan Bank, one of the few remaining chartered banks that focus primarily on loans to small companies.  Titan Bank intends to continue its expansion in this sector as it plans to double its lending staff in the next twelve months nationwide.

About Titan Bank

Titan Bank was founded in 1907.  The bank has a long history of focusing on the needs of small businesses in shifting economies.  It is a full-service national bank with the capital, knowledge and staff to help entrepreneurs with their financial needs.  Titan Bank is based in Texas and lends in all 50 states.

Titan Bank specializes in nationwide SBA and USDA Rural Development lending.  The Bank is a SBA Preferred Lender with a full staff of loan officers, underwriters and processors dedicated solely to this practice. For more information on obtaining a SBA or USDA loan through Titan Bank, please contact one of our SBA Loan Experts at 214.526.7178 or visit our website at www.titanbank.com

For more information on Titan Bank, contact:

   Ben Deal        
   VP / Business Development Officer
   Titan Bank, NA
   3100 Monticello Ave, Suite 400
   Dallas, TX 75205

   (214)580-1265      
   bdeal@titanbank.com

   Pete O'Hern
   SVP / National Sales Manager
   Titan Bank, NA
   3100 Monticello Ave, Suite 400
   Dallas, TX 75205

   (214)580-3174
   pohern@titanbank.com

Or visit www.titanbank.com

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Source:Titan Bank
Phone:214-526-7178
Zip:75205
Location:Dallas - Texas - United States
Industry:Real Estate, Banking
Tags:sba loans, commercial real estate, financing, Owner Occupied Financing
Shortcut:prlog.org/12030555
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