Matt T. Weaver joins The Prakas Group by launching a financial division named The Finance Group Worldwide a commercial brokerage financial firm which specializes in lending for shopping centers, restaurants, multi-unit buildings, construction, luxury homes and many other forms of commercial properties.
Matt T. Weaver has closed hundreds of millions in lending having previously served as president for over 10 years years for Capital Mortgage of South Florida Inc in Boca Raton and Coral Springs where he specialized in multi-unit, residential & commercial lending.
The Finance Group will provide commercial loans, SBA loans, equity financing and non-collateralized restaurant financing. In addition, The Finance Group will represent a private fund which can handle loan sizes up to $100 million with the ability to close loans in 10-12 days. “Through our private money source we are able to lend strictly on an asset-based level, which will disregard credit scoring, purchase price, financials, etc.,” states Weaver “We are also able to obtain up to 75% loan-to-value while competitors are at 65%.”
Matt T. Weaver grew up in the restaurant business and is familiar with the challenges that restaurant owners face when seeking property loans. “Banks are often hesitant to lend to restaurants because they are single use properties and considered high risk. It is extremely important to select the right financial firm that understands the ins and outs of the business in order to close the deal.”
Tom Prakas is excited about the formation of The Finance Group. “Matt’s company will be a great asset to The Prakas Group,” he says. “He knows how to secure financing for my commercial and restaurant clients and goes after the deal until its success.”
Through Matt’s relationships, The Finance Group has contacts with over 50 banking institutions and direct relationships with Wall Street sources. The Finance Group can be competitive with any bank to provide loans for properties of all sizes, form independent freestanding restaurants to large Publix anchored shopping centers. “Due to the number of transactions I’ve closed plus the volume we will produce for Prakas Group clients, The Finance Group will offer the most competitive rates available.
Matt emphasizes “The client has a big advantage when working with a knowledgeable broker versus a bank-simply because a broker offers more options and less red tape. Of course that’s assuming the broker selected provides the most competitive rates, fees and personalized service. I look forward to putting my financial experience to work toward great results for clients.” Please visit www.financegroupworldwide.com for more information or call 561.368.0003.
