Information About Howell Investment Finance

Howell Investment Finance

Denny Howell is an independent commercial mortgage broker working around Iowa (Cedar Rapids, Iowa City, Quad Cities, Sioux City, Ames, Des Moines metro, Council Bluffs, Cedar Falls). Denny is the filter between the sponsor and his lending sources to assist in a smoother financial transaction being completed. No more going up against the giant lenders by yourself. With Denny being located in Iowa, he knows the territory and is usually at the third-party inspections on the properties he's financing. To give Denny's clients the most options, he is not connected to any one lender.

Denny believes in finding out his sponsor's CRE financing goals first and then he works for them to obtain the best financing from his various lending sources at that moment. Denny has several lenders across the country (New York City, Washington, D.C., Chicago, Minneapolis, Denver, and Dallas) that he works with to find the right fit for the sponsor as everyone has different goals. Denny can finance a range of properties from $5M to over $100 million. When Denny finances a loan, most of the loans are non-recourse and the current bank can keep all the deposit accounts as his lenders do not want the deposit accounts.

Another benefit with Denny's loans is it opens up the credit limit of the sponsor with their bank. A few years ago, an Iowa bank called Denny to finance one of their client's properties. Denny financed it with HUD and after closing, that client's credit limit opened up with their bank and they found another Value-Added property to finance with their same bank. When that property was stabilized, Denny also refinanced it through HUD. The sponsor then repeated this process on a third property. The sponsor now owns three properties instead of just one and the bank now has deposit accounts from the three properties, all due to the HUD financing Denny completed for them.