Titan Bank Funds Acquisition of a Office Building in Farmers Branch, Texas

Titan Bank, NA today announced the funding of a $1,623,000 loan to acquire a +/- 19,700 SF office building located in Farmers Branch, Texas
By: Titan Bank, NA
Feb. 19, 2013 - PRLog -- Titan Bank, NA today announced the funding of a $1,623,000 loan for the acquisition of a  +/- 19,700 square foot office building located in Farmers Branch, Texas.  The building was purchased by CK & LK Properties, LLC which is an affiliate of Intellias, Inc. and Negma Business Solutions, Inc.  

Negma Business Solutions, Inc. was started by Karim Naguib in 2000.  The business operates a data center and also provides consulting services for network development and maintenance.  Intellias, Inc. was started in 1999 by Chad Mitchell.  The business has developed a software product, Intellias, which interfaces with Lawson Enterprise Resource Planning (“ERP”) software.

Brian Sheets, Titan Bank’s Vice President of Business Development comments, "Titan Bank provided the long term solution for both companies real estate needs.  Additionally, Titan Bank provided capital to improve the property for reconfiguring of some of its space to better serve both business platforms.  Titan Bank provided a single loan solution to the borrowers which also met the time constraints of the real estate contract as well as our borrowers’ expectations.”

To quote the customers…”Working with Brian Sheets at Titan Bank made every bit of a difference when it came to deciding whom to get an SBA loan from. Knowing that Titan Bank is a preferred SBA Lender, made our decision much easier. Brian and his team were very responsive to our request especially in the short time window we had to work with. Not only did they meet our expectations, they definitely exceeded them. I will recommend Titan Bank to anyone. Thank you Brian!”

To quote Mark T. Nelson, Commercial Real Estate Broker… “Brian has been an SBA and Titan educator, a facilitator and encourager for me for almost 2 years.  In short, he definitely earned this business from start to finish. His consultative sales approach definitely differentiated both he and Titan from the competition, and he never failed to serve in a timely and effective manner when needed. I will not hesitate to invite Brian and Titan to the table when able.”

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:

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

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


Or visit www.titanbank.com
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Tags:Commercial Real Estate, Owner Occupied Financing, Acquisition Loans, Leasing, Refinance
Industry:Banking, Real Estate
Location:Dallas - Texas - United States
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