Titan Bank funds two loans for borrower in Brook Hollow Ind. Park, Dallas, Texas

Titan Bank, NA announces the funding of a $439,000 loan to refinance an office warehouse as well as acquire the adjacent office warehouse, to meet the growing needs of Unico Flooring, located in Brook Hollow Industrial Park, Dallas, Texas.
 
DALLAS - May 23, 2013 - PRLog -- Dallas, TX,  – Titan Bank, NA announces the funding of a $439,000 loan for the refinance of a +/-12,000 square foot owner occupied office warehouse and the acquisition of the adjacent 4,370 square foot owner occupied office warehouse for Unico Flooring, located in the Brook Hollow Industrial Park, Dallas, Texas. Titan Bank's SBA Group provided the long term financing to facilitate the refinance of the borrowers conventional loan which had a balloon feature, and was at a higher rate of interest on the borrowers present facility.  Additionally Titan provided the long term financing for the acquisition of the adjacent property in order to expand the borrowers business.  

Ben Deal, Titan Bank’s SBA Group Vice President comments, "Titan Bank provided the long term refinancing which allowed the company to save money by lowering the interest rate on their present facility which in turn made the acquisition of the adjacent building more economical while increasing the businesses footprint by over 36%.”

To quote the customer…”I was extremely satisfied with the way Ben Deal & Titan Bank helped me stay focused on the project without feeling overburdened or inundated as we moved through the transaction.  Titan’s organized approach and ease of loan processing helped guide me to a quick closing.  I am a very “hands on” business owner who just needs to know what to do as well as when to do it, and Ben Deal with Titan Bank was there every step of the way.  I carried on my business as usual and without interruption which led to a wonderful lending experience.”

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
End
Email:***@bmccapital.com Email Verified
Tags:Commercial Real Estate, Refinance, Sba, Loans, Conventional Loans
Industry:Real Estate, Banking
Location:Dallas - Texas - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Titan Bank PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share