Tag Archives: commercial loans in texas

Recent Dispute Reaches a Settlement After Complaints Were Filed Over Commercial Loans in Texas

September 28, 2017Uncategorizedcommercial hard money lenders, commercial loan in texas, commercial loans, commercial loans in texasbigdaddydennis

It was recently reported that a dispute on the verge of a court date has been settled between lenders and a group of greenhouse operations, Color Star Growers. Not long after the company received a commercial loan in Texas, Color Star Growers shortly filed for bankruptcy, causing tensions between lenders and the company to rise.

Law 360 in Dallas reported the vague details regarding a fraud dispute totaling around $66 millions dollars. In a statement that was released by Regions Bank, who specializes in commercial loans in Texas, the banks say that they resolved all pending claims, even including counterclaims, with MCG Capital Corporation. A separate federal case between Regions Bank and Comerica Bank was also recently resolved, but details from that case was not reported.

The dispute between lenders and Color Star Growers stems from a federal and state litigation that totaled around $66 million in loans. Color Star Growers obtained a commercial loan in Texas, but just a short year later, they ended up filing for bankruptcy. This then led to accusations of Color Star Growers committing fraud.

Color Star Growers were accused by lenders of committing fraud by hiding their terrible financial woes. This of course then caused a claim to be issued between lenders and others, stating that Regions Bank actually knew about all of Color Star Growers’ financial inaccuracies, but didn’t end up informing the lenders of any of the financial issues.

Regions Bank denies complaints from lenders who issues commercial loans in Texas to Color Star Growers

Even though the lenders claim that Regions Bank actually had the knowledge of Color Star Growers’ financial issues, Regions Bank continuously denies that they knew anything about the financial issues and troubles that Color Star Growers were experiencing. Regions Bank also made sure that they stated that they did not see any documents that showed any financial issues to back up the claim that they were aware.

A little over a year after Color Star Growers received a commercial loan in Texas, the company went and filed for bankruptcy.

In 2012, Color Star Growers received a commercial loan in Texas from lenders and then was forced to file for bankruptcy at the end of the 2013 year. Lenders claim that Color Star Growers made an “enormous” overstatement of its actual inventory, which led to “fictitious” profits. The lenders stated that Color Star Growers had less than $7 million dollars in inventory, when they claimed that they had $17 million in inventory. The exact terms of the settlement were not disclosed in court documents.

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

A Top Leader in Commercial Loans in Texas Benefits Growing Austin Community with New Office Location

September 28, 2017Uncategorizedcommercial hard money lenders, commercial loans in texas, texas commercial lending, texas commercial loans, texas commercial mortgage brokersbigdaddydennis

Guaranty Bank and Trust are lending a helping hand to those in need of commercial loans in Texas by expanding to the Austin market. The loan production office is expected to open very soon. After the loan office opens, then the bank plans to expand their services even more by getting approval to become a full-service bank.

Globe Newswire reports that the brand-new location of the Guaranty Bank and Trust in the heart of Austin will increase the number of commercial loans in Texas. The Austin area will be able to see many benefits from having their own Guaranty Bank and Trust location, which will service many commercial and consumer customers with a number of banking and financial needs.

Mr. Travis Brown has been named the new President of the new Austin location. Mr. Brown has over 12 years of commercial loans in Texas experience, especially throughout the area and city of Austin. He is known for having established a number of great relationships with many in the banking industry, like with local business owners and also many real estate investors. Mr. Brown also comes with an extensive background and knowledge in the banking industry.

A native to the city of Austin, Texas, Mr. Brown attended St. Edwards University, first earning a Bachelor’s Degree in Business Administration and Management. He then went on to receive his Master’s in Business Administration from the University of Texas located in Austin. The new president of Guaranty Bank and Trust’s office in Austin is thrilled to be part of an organization that happens to have the values and a mission that he truly believes in and which has been the foundation of the company’s success for more than 100 years.

Guaranty Bank and Trust is excited to add an experienced and knowledgeable leader in commercial loans in Texas to their team

With Mr. Brown bringing so much of his experience and knowledge with commercial loans in Texas, the Austin community, especially local businesses in the area, will be able to benefit greatly from the addition. The Chief Operating Officer of Guaranty Trust and Bank, who is also Chairman of the Board, Ty Abston, is looking forward to bringing Mr. Brown on board to his team to lead the new Austin location, especially because of all of Mr. Brown’s strong connections with those in the community.

When it comes to Commercial loans in Texas, Guaranty Bank and Trust are the real deal!

Guaranty Bank and Trust is well-known across the state of Texas, for providing their customers with financial products and services that include mortgage, trust and wealth management. Their ultimate goal is to build trusting relationships with their customers while providing excellent financial services and customer service. Guaranty Bank and Trust currently has 26 locations across 18 communities in Texas. They have loans totally $1.3 billion dollars.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Banks Eager to Help the Small Business Administration with Commercial Loans in Texas

September 28, 2017Uncategorizedcommercial hard money lenders, commercial loans in texas, texas commercial lending, texas commercial loans, texas commercial real estatebigdaddydennis

The Small Business Administration is lending a helping hand to those impacted by Hurricane Harvey. But local banks are wanting to help the Small Business Administration speed up the process when it comes to approving commercial loans in Texas.

Many have been hit hard in Southeastern Texas by Hurricane Harvey. The category 4 storm brought record breaking rain causing massive flooding, with a total of 18 counties in the state being declared disaster areas. It could take months for the area to recover, so the Small Business Administration is stepping in to provide assistance, which includes approving commercial loans in Texas.

The Small Business Administration is a United States government agency that provides support and funding, including disaster loans, to small businesses who have been hit by natural disasters. Loans are given up to a total amount of $2 million dollars. Just last week, the Small Business Administration reported that they have processed a total of 95 loans so for, totaling $8.5 million dollars.

Due to Hurricane Harvey, the Small Business Administration has satellite offices setup in Houston, Port Arkansas and Rockport, making it a one stop location for businesses that are needing help after being hit by the hurricane. The Small Business Administration is there to serve those who have suffered property damage or economic loss. Local banks are wanting to help speed up the assistance, for example, help with approving more commercial loans in Texas. They feel that they can help the Small Business Administration be more efficient and effective since they have established relationships and know their customers.

The Small Business Administration could use a helping hand from local banks to approve more commercial loans in Texas to those in need.

The goal of the Small Business Administration is to approve loans within 21 days of the loan request. But with so many requests for commercial loans in Texas due to recent damage and economic loss caused by Hurricane Harvey, it is taking the Small Business Administration longer to process and approve some of these loans. Local banks in the area are willing to help with the process so they can assist even more people in the community.

When it comes to commercial loans in Texas, the Small Business Administration are there when you need them!

The Small Business Administration was designed to help small businesses get back on their feet after they have suffered from a natural disaster and they have been very effective in doing that. Just this past fiscal year, the Small Business Administration has approved over 25,000 disaster loans, adding up to a total of $1.4 billion dollars. The total of disaster loans issues and the total cost of support given by the Small Business Administration is expected to be even more for the 2017 fiscal year due to the devastation caused by Hurricane Harvey and Hurricane Irma.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

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Tag Archives: commercial loans in texas

Recent Dispute Reaches a Settlement After Complaints Were Filed Over Commercial Loans in Texas

Regions Bank denies complaints from lenders who issues commercial loans in Texas to Color Star Growers

A little over a year after Color Star Growers received a commercial loan in Texas, the company went and filed for bankruptcy.

A Top Leader in Commercial Loans in Texas Benefits Growing Austin Community with New Office Location

Guaranty Bank and Trust is excited to add an experienced and knowledgeable leader in commercial loans in Texas to their team

When it comes to Commercial loans in Texas, Guaranty Bank and Trust are the real deal!

Banks Eager to Help the Small Business Administration with Commercial Loans in Texas

The Small Business Administration is lending a helping hand to those impacted by Hurricane Harvey. But local banks are wanting to help the Small Business Administration speed up the process when it comes to approving commercial loans in Texas.

The Small Business Administration could use a helping hand from local banks to approve more commercial loans in Texas to those in need.

When it comes to commercial loans in Texas, the Small Business Administration are there when you need them!