Steve Vargo Email & Phone Number

Commercial & Industrial Lending; Asset Based Lending; Commercial Construction Lending.2013 - Closed over $14 million in new Commercial LoansNotable 2013 loan closings included:-- $6 million eighty (80) bed skilled nursing facility in Canton (Stark County), Ohio.-- $2.5 million industrial warehouse for a Midwest, Cleveland based trucking company.-- $1.5 million ninety-six (96) unit apartment acquisition in Howland (Trumbull County), Ohio. -- $2.6 million owner occupied medical office facility in Howland (Trumbull County), Ohio.-- $1.3 million Family Dollar w/ 70% LTV, 7 yr term, CAP RATE 8.00%. 2014 - Closed $25 million in new Commercial LoansNotable 2014 loan closings included:--$11 million skilled nursing facility.--$ 8 million construction loan for new Candlewood Suites Hotel adjacent to Grove City Outlets.--$ 6 million high performing Holiday Inn Express in Mercer, PA. 2015 - Closed $22 million in new Commercial LoansNotable 2015 loan closings included:--$ 8.2 million Cambria Suites Hotel adjacent the Akron-Canton Airport.--$ 6.8 million 220 unit apartment acquisition at a 50% loan to value.Prior notable construction projects include a $1 million Dollar General Store in Oak Harbor, Ohio; construction loan for two (2) one hundred (100) unit residence halls on the Central State University campus for $10 million; $10 million construction loan for a new one hundred (100) unit skilled nursing facility in Hilliard, Ohio; $500,000 working capital term loan for bonding purposes for a local commercial contractor.Specialties: Management of sizeable commercial construction projects

Listed skills include Loans, Credit, Banking, Commercial Lending, and 17 others.