CCBC Room 9110, 1 Campus Drive, Monaca, PA 15061

This weeks meeting will be a panel discussion on financing with the following speakers:

Commercial Financing Dan Penberthy

Dan Penberthy is a Commercial Lender for NexTier Bank, a family owned bank headquartered in Butler, Pa.  He has been in banking for over 10 years, serving in small business, middle market, and commercial lending roles.  He helps traditional businesses, as well as real estate investors with all aspects of financing needs.  He has recently served for the past 6 years as a Board Member for the Pittsburgh North Regional Chamber of Commerce, and he is a member of other community organizations in the Pittsburgh area.  He was born and raised in the Pittsburgh area (Moon Twp), and he currently resides in Hopewell Twp with his wife and 6-yr old daughter.

Residential Financing Harry Wargo

I have been with FNB for over 12 years as a Mortgage Loan Officer, and I have over 30 yearexperience in mortgage lending. We offer many products for 1-4 Family residential investment properties, including fixed rates and hybrid adjustables. We offer competitive rates and fees, and strive to provide a smooth and timely process with each application.

I take pride in treating each customer with respect and in a professional manner. I want each of them to walk away from the closing table pleased that they secured their mortgage with FNB.

I live in the North Hills with my wife Lynda. We have two children, and 1 grandson, with a 2ndgrandson due any day!

Private Money Financing Ed Benz

Ed Benz started his investing career in 1999 when he bought his first flip property for $3000 and made a handsome profit that was quickly spent. 

Realizing that flipping houses was just another job where he traded his time for money, Ed switched his attention to buy and hold rentals, acquiring his first rental property in 2001. Growing slowly through the first decade of the new century, Ed was able to acquire enough rentals to replace his income from his day job and his boss finally forced him into full time investing in late 2013. 

In 2014, Ed started an aggressive investment plan, buying one single family unit a month using private lenders as his primary source of funding. He structured all of his financing on five year notes and starting in January of 2019, will finally see the fruits of his labor as the first of these units begin to pay off. 

In addition to managing all of this rental properties, Ed occasionally wholesales properties to supplement his income and has recently taken on the role of Executive Director for ACRE of Pittsburgh 

Hard Money Financing Don Bennet

Don has his Bachelors Business degree from Clarion University with a double major in Finance and Real Estate where he graduated Summa Cum Laude with a perfect 4.0. He been a licensed Real Estate sales agent in PA since 1/13/1998 and started in the mortgage lending industry in the summer of 1998. Don originated hundred of mortgage loans on both residential and commercial properties across the nation and managed the Pittsburgh mortgage division for a privately held federal savings bank where he was employed for 13 years. He specializedin collateral based, creative lending for folks with credit, income or title challenges but left banking as his primary profession and went full time in Real Estate Sales in 2012 where he hasaveraged about one sale a week for the past 6 years. Don is currently a stock holder at a title company and the privately held federal saving bank where he worked at. He is still arranging and funding private and commercial loans while working full time as a real estate sales agent and also personally invests in real estate as both a buy and hold investor and a “flipper”.