A HUGE Opportunity for Small Businesses!

Starting June 24th the SBA will begin to take applications for the new 504 Refinance Program.  The program will allow small businesses that own their properties to refinance with low fixed rates in the 4’s and pull cash out up to 75% for business purposes.  The true benefit will be in the amortization that will amortize these loans over a 20-23 year blended term!

Give me a CALL TODAY to get your deals closed  at 512-650-8630    
 
Let me give you an example.  John bought the property his business is in 10 years ago for $800,000.  At the time, he put down 25% and took out a $600,000 loan at 5.5% with a 20 year amortization from a local bank.  His current payment is $4127 a month.  After 10 years he still owes $450,000.  His business has done well but even though his sales have stayed up, he is netting less than before as inflation and competition have eaten at his profits.  Over the years, he had to borrower on various loans and credit cards to purchase business assets or meet cash flow needs.  Let’s say he owes $100,000 on various lines and cards and his payments on these various lines are roughly $2000 a month.  John’s debt looks like this…
Give me a CALL TODAY  at 512-650-8630   
$450,000 mortgage loan
$100,000 business debt
$550,000 total debt.  And his payments on that debt equal $6,127.
Today, his building has appreciated and is worth $1,000,000.  The 504 Refinance allows cash out up to 25% of the value of the building for business debt and even upcoming debts for the next 18 months like unpaid payables, payroll, etc.  We could refinance him and have it look like this:
$450,000 Mortgage payoff
+$100,000 business debt
+$150,000 working capital, cash for business use
$700,000 new mortgage.
This debt would be a $400,000 first and a $300,000 second from the SBA.  The blended rate on the two loans would be roughly 4.6% and the blended amortization would be 23 years.
Give me a CALL TODAY  at 512-650-8630   
HIS NEW PAYMENT FOR THE 504 REFINANCE OF BOTH THE FIRST AND THE SECOND WILL ONLY BE $4157!  Not only would he save almost $2000 a month-a huge savings for a small business, he would get $150,000 in cash to use for his business-essentially free of payments!  WOW!
There is not enough space in this column to share all the nuances of the program and refinances of just mortgage debt and closing costs can go all the way up to 90%!  EVEN ON HOTELS AND SPECIAL USE PROPERTIES!

Wishing you the Best,

 

Karen Schimpf

Commercial Capital, Ltd.
p: 512-650-8630
e: KarenSchimpf at gmail.com

www.linkedin.com/in/karenschimpf/
blog: http://bizloansconnections.com/
website: http://applycommercialloans.com

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What is Closing Now: Investor Loans

 

Here is a look at some recent closings within the last 30 days.  I like to post these every month or two to just give you a feel for some of the things that are happening in Commercial.  The investor marketplace is particularly hot right now-it is a very active market for apartment, industrial and retail buildings.  Three (3) of our closings in the last 30 days were investor deals.  Often, these deals have some hair on them that causes other banks to struggle but, we have the resources to get it done for you.   If you need a loan closed, if actually getting the money is the most important thing to you…give me a call!  I will screen the deal and pre-underwrite it for FREE.  We are the only no-risk option in commercial.  Now on to a closing……
Give me a CALL TODAY  at 512-650-8630   

$2,397,000 Retail Shopping Center Purchase…..

Location:  Peachtree City, GA
Type – This deal posed a problem for the local banks because the borrowers were from another state.  Most banks struggle with out of state borrowers regardless of how strong they are.  We never have a problem with that.  We have a plethora of resources who do not care about the location of the borrower as long as the property is sound and, the deal makes sense.  This borrower got a 4.25% fixed rate with a 25 year amortization.  They got 75% financing.  The main borrower actually lived in Israel and flew in for the closing. We can do Foreign National financing as well!
Give me a CALL TODAY  at 512-650-8630   
 
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Hot Apartment Rates on Loan Amount of $250K+

Rates can start in the LOW 4’s and it is not a FNMA or Freddie Mac loan.
  • Purchase
  • Refinance
  • 5 units or more
Give me a CALL TODAY to get your deals closed  at 512-650-8630    
  • Minimum loan amount is $250K
  • Max loan amount is $3MM
  • 75% LTV
  • Amortization is 25 or 30 year depending on age of building
Give me a CALL TODAY  at 512-650-8630   
  • Lend in specific locations:
Full States: Illinois, Indiana, Wisconsin
Give me a CALL TODAY  at 512-650-8630   

  • Lend in specific locations:

    Cities: FL-Jacksonville, West Palm Beach, Orlando, Tampa, Ft. Lauderdale, St. Petersberg, Daytona Beach, Tallahassee, Gainesville
    Louisville, KY
    Minneapolis, MN
    Oklahoma City, OK
    Nashville, TN
    TX-Austin, Houston, Dallas

     

     

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The End of the Year Cometh-and That Very Soon!

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Believe it or not, the end of the year is upon us.  Most banks have already switched to just focusing on closing the loans that are in their pipeline.  Many banks have already issued their deadline dates-dates by which loans have to be in to close this year and in most cases, that date has ALREADY passed! In other words, if your loan is not already in process at the banks or lenders you are trying to close with- they may not be able to close it this year!
 

 

 
Give me a CALL TODAY to get your deals closed by the end of the year at 512-650-8630      

 

Many banks are so backed up, they are worried about closing even loans already in their pipeline.  SO IF YOU ABSOLUTELY HAVE TO CLOSE A LOAN BY THE END OF THE YEAR-WHAT DO YOU DO?  The answer is private money lending.  Private money lenders are just as busy as the banks but they operate without the regulatory environment that the banks have to operate from.  We are a private money lender and we can still take a loan in this month and close it in the same month.  As the holidays approach, even private money lenders turn times will slow as we focus on closing out our pipelines, and the companies we rely on like appraisers and title companies, are backed up as well.  Commercial mortgage volume has swelled this year and everyone who is good is just very backed up.

 

Give me a CALL TODAY  at 512-650-8630   

 

The good news is that pricing has come down with private money lenders. Some have rates in the 6’s and for Class A projects in major metros, those rates can be in the 5% range.  Of course, the smaller or tougher your deal is, (in other words-the more risky the loan), the higher the rates will be.  But the certainty of execution is sure.   So if you have a loan that absolutely has to close this year and you are still needing approval, give me a call.  I know which lenders might be able to sneak you in conventionally still, and if that does not work, I have the private money sources to make sure you do not lose that property or miss out on that 1031 exchange.  WHEN YOUR LOAN ABSOLUTELY HAS TO CLOSE THIS YEAR-THERE IS ONLY ONE NUMBER YOU NEED-512-650-8630 .  Give me a call today!

 

To get your loan closed by the end of the year, Give me a CALL TODAY  at 512-650-8630   

 
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Blanket Loans

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A blanket loan has a couple advantages for investors.  The first advantage is the blanket loan program allows investors to roll several properties into one loan so that they have one mortgage. Many of my investors that managing one mortgage is considerably easier to handle.  Another reason investors like the blanket loan program is that if they own 10+ properties they find the blanket loan has lower rates.  Typically 10+ financed properties have rates in the double digits. The blanket loan rates typically start around 5.75% to 6.75% depending on the program. Lastly investors consider the blanket loan because many blanket lenders allow you to form an S Corp. for the properties in the blanket loan.  These investors are than allowed to purchase new properties under Fannie Mae and Freddie Mac residential loan program.

The blanket loan has come a long way from prior to 2008.  The blanket loans of the past had to have the properties within a short distance from one another.  Today investors can have properties that are located all over the country. I have several deals in my pipeline right now where my clients have 20+ properties all over the country. The goal for these investors have ranged from pulling out cash, to lowering their rate, to just wanting to have one mortgage payment.  Below are the criteria for a blanket loan.

 

Give me a CALL TODAY  at 512-650-8630    

 

  • Types of Transactions are Purchase, refinance and cash out
  • Types of Properties: condos, single family residence, duplexes, apartments
  • Location of the properties can be spread out between different states
  • Loan to value goes up to 75% LTV.
 

Give me a CALL TODAY  at 512-650-8630   

 

  • Minimum loan amount is $500,000 up to $50MM.
  • Minimums: value of each property is $50K and 750 sq ft.
  • Non Recourse is allowed on loan amounts around $3MM+

 

Give me a CALL TODAY  at 512-650-8630   

 

  • Foreign Nationals Allowed
  • Minimum Number of Units is 5
  • Must be leased up 90%
  • Terms are 5 or10 year balloon
  • Amortization 30 years

Wishing You the Best,

Karen Schimpf
Commercial Capital, Ltd.
p: 512-650-8630
c: 512-354-5949
P.S. When the Bank Says No, Come to Us to Get Your Deal Closed.  I specialize in SBA and Alternative Commercial Loans.  I help entrepreneurs attain financing for their business or project. I BRING MONEY FROM AROUND THE COUNTRY TO LOCAL MARKETPLACES INSURING THE MOST LIKELIHOOD OF CLOSING. The key is placing the borrower with the lender that most suits that borrower’s strengths. I do it better than anyone.  Give me a call today at O:512-650-8630 or C:512-354-5949 to get your loan closed.
Give me a call today to discuss your deal at 512-650-8630

null

Commercial Capital LTD

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What the Big Money Thinks on the Economy!

This past week the owner of Commercial Capital Ltd. was at a lender conference in Miami.   At the conference were representatives, VP’s and partners in firms both public and private that represent over a trillion dollars worth of lending capacity. These firms collectively control many trillions in real estate and cash.  Needless to say, these were some big money folks.  The general sense the owner of Commercial Capital Ltd.  got from them was interesting.

Give me a CALL TODAY  at 512-650-8630

Almost across the board-NONE of them felt like a disruption in the economy would happen any time soon.  Most felt confident that we had at least 3-5 years of continued expansion.  They based their opinions on the sheer money that is available to lend, and core things like rent growth and momentum.  Collectively, there has been more money raised and sitting poised to deploy into deals than any of them can remember.  THEY ALL WARNED THAT ANYTHING COULD HAPPEN, they acknowledged that there are global concerns that could trip everything up, but barring something like that…they felt VERY GOOD about the economy over the next 3-5 years.  I must be honest, that is a longer time span than I myself thought.  SO this was encouraging.  Some other interesting nuggets from the conference….

-Despite having more money available to deploy into deals, most lenders are NOT significantly changing their underwriting criteria.  They may be a little more aggressive than they were a year ago but they have NOT thrown caution to the wind.  Underwriting is no where close to the crazy that was happening in 2006 and 7 that helped facilitate the 2008 debacle.  Banks are actually MORE regulated now and hence…just as tight on their underwriting as ever despite having plenty of cash available to lend.  This was another reason that the big boys felt good about continued growth…..
Give me a CALL TODAY  at 512-650-8630    
– The major metro markets will continue to get the lion’s share of the money as two trends are converging to make the major markets attractive-seniors heading back to the cities and the under 30 crowd wanting to live and work in the urban centers.  The most aggressive rates, money and construction funds will be available in the major metro markets for the near future
– However, big funds, needing to deploy capital, will look to move selectively into secondary and tertiary markets to try to find yield.  Good projects in these markets will be able to still attract capital…especially if the market is in a growth corridor.

-Stunningly, multi-family properties are 52% above the 2007 peak in major metros and office is 42% above the prior peak.  Meanwhile, suburban non-major metros are still 15% below the peak and many tertiary markets are still far below the highs….office in suburban markets are struggling as there is very little rent growth in suburban office markets.

Give me a CALL TODAY  at 512-650-8630
So what do we make of all this?  The big money is flowing into commercial real estate funds, banks are healthy and have money to lend, the Fed just kept rates low yet again, and the economy continues to recover.  These are all positives for continued strength in the commercial market.  Government regulation of banks will continue and actually increase with new legislation continuing to be phased in.  This will lead to a lot of solid deals still getting denied as the big banks and local banks still DENY MORE LOANS THAN THEY APPROVE.  It is here where my firm adds the greatest value.  OVER 80% OF THE LOANS WE CLOSE GOT DENIED SOMEWHERE FIRST AND I WAS ABLE TO GET THEM CONVENTIONAL GOOD RATES.  Nothing is lost by giving me a call….It costs NOTHING to send a deal to me and get a second opinion.  We may just be the best option to get the deal to the closing table.  If you or anyone you know is looking to purchase or refinance their existing commercial property or is looking to do a business expansion or start-up, give me a call at 512-650-8630.  What do you have to lose?  Call me today at 512-250-8630 with your scenario.

 

 

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This is an article from Bloomberg that discusses the Unlikely Cities that  Will Power US Economy.  Could these Cities be the Next Place to Buy your  Multifamily Units?

Click here to check out the cities. http://www.bloomberg.com/graphics/2015-stem-jobs/

 

Wishing You the Best,

Karen Schimpf
Commercial Capital, Ltd.
p: 512-650-8630
c: 512-354-5949
e: KarenSchimpf@gmail.com
www.linkedin.com/in/karenschimpf/
blog: http://bizloansconnections.com/

website: http://applycommercialloans.com

Send Me Documents Via my Secure Email @ https://securecontact.me/KarenSchimpf@gmail.com

P.S. No Risk Solution. When the Bank Says No, Come to Me to Get Your Deal Closed.  I
specialize in Small Business Administration Loans (SBA) and
Commercial Loans.  I help entrepreneurs attain financing for their
business or project. I BRING COMMERCIAL MONEY
FROM AROUND THE COUNTRY TO LOCAL MARKETPLACES INSURING THE MOST
LIKELIHOOD OF CLOSING. The key is placing the borrower with the lender
that most suits that borrower’s strengths. I do it better than anyone.
Give me a call today at O:512-650-8630 to get your loan closed.

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Here is Quick way to  determine Net Operating Income on a Commercial Investment Property.   Gross rents x .88 (expenses and vacancy rate) = NOI

 

Wishing You the Best,

Karen Schimpf
Commercial Capital, Ltd.
p: 512-650-8630
c: 512-354-5949
e: KarenSchimpf at gmail.com
www.linkedin.com/in/karenschimpf/
blog: http://bizloansconnections.com/

website: http://applycommercialloans.com

P.S. No Risk Solution. When the Bank Says No, Come to Me to Get Your Deal Closed.  I specialize in Small Business Administration Loans (SBA), Foreign National Loans, and Private Money Loans.  I help entrepreneurs attain financing for their business or project. I BRING MONEY FROM AROUND THE COUNTRY TO LOCAL MARKETPLACES INSURING THE MOST LIKELIHOOD OF CLOSING. The key is placing the borrower with the lender that most suits that borrower’s strengths. I do it better than anyone.  Give me a call today at O:512-650-8630 to get your loan closed.

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Franchise Financing
It’s 30% Of Our Business!

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We close a lot of loans. Through the years, franchise financing has been a staple of our business.  As I crunch the numbers, franchise financing is consistently 30% or more of our business and last month was no exception.

Give me a CALL TODAY  at 512-650-8630    

Why would a business choose us for financing for their franchise?  Because we have over a hundred lenders that give us a wide array of options for the franchiser including start-ups and multiple store financing. 

Give me a CALL TODAY  at 512-650-8630    

We have:

–  Non-bank SBA lenders that do NOT require collateral for approval
– We can do second store financing less than a year after opening your first location
Give me a CALL TODAY  at 512-650-8630   
 – We have conventional financing for businesses with multiple locations
– We can operate in ALL franchises even restaurants and, we can do most with only 10% down (except start-ups which always need 20% for a first location start-up)
 
Give me a CALL TODAY  at 512-650-8630    

-We have the Most Diverse SBA Product Available ANYWHERE!  We have SBA money from over 100 sources with loans as high as 100% financing for doctors, dentists and veterinarians, to partner buy out money, expansion money, debt consolidation and working capital loans.
-FOR LARGER BUSINESSES, we have access to large, above $3 million NON -SBA Expansion Loans.  These loans can be given with little to NO collateral.  That’s right, if you have very little collateral-you can still get money for expansion with our diverse group of lenders.
Give me a CALL TODAY  at 512-650-8630    
  

And much more.  Basically, whenever you as a small business need money, give us a call.  We have the most complete suite of products available.  WE DO NOT CHARGE to pre-qualify you and get you quick approvals, and you NEVER put any application fees at risk.  We take ALL the lender risk in getting you approved.  We get you closed, we get you the money, or we do NOT get paid.  Isn’t that the way it should be?  Give me a call today at 512-650-8630.

P.S. When the Bank Says No, Come to Us to Get Your Deal Closed.  I specialize in SBA and Alternative Commercial Loans.  I help entrepreneurs attain financing for their business or project. I BRING MONEY FROM AROUND THE COUNTRY TO LOCAL MARKETPLACES INSURING THE MOST LIKELIHOOD OF CLOSING. The key is placing the borrower with the lender that most suits that borrower’s strengths. I do it better than anyone.  Give me a call today at O:512-650-8630 to get your loan closed

 

 

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strip center

Where?  Atlanta, GA
Type:
This retail plaza had been denied by pretty much everyone despite the fact that the borrowers were VERY strong.  The reason? Because the seller kept horrible financials.  On a deal of this size, if you are not  sure of the financials, it is hard for institutions to step forward.  They had tried for eight (8) months to get this loan done at numerous places before bringing it to me.  I found a credit union out of Chicago that looked more at the buyers strength than the property.  Although we
had every imaginable hurdle including the seller trying to cancel the transaction the week prior to closing, we persevered and got the property closed.  When most lenders say no… we say yes.  Almost 100%  of our closed loans were denied somewhere else BEFORE coming to me.
Give me a CALL TODAY  at 512-650-8630    
We will quickly pre-view any loan and if doable, kick out terms at no cost to anyone.  Once you move forward with us, we sink our teeth into the deal and have the tenacity to get that deal done even in today’s highly regulatory environment that seems to still be hindering lenders even with all the money available in commercial.  It is really simple, if you  want to close the loan, Call Now to Discuss Your Deal (512) 354-5949.
Give me a CALL TODAY  at 512-650-8630    
 
 Wishing You the Best,

Karen Schimpf
Commercial Capital, Ltd.
p: 512-650-8630
e: KarenSchimpf at gmail.com
www.linkedin.com/in/karenschimpf/
blog: http://bizloansconnections.com/
website: http://applycommercialloans.com

P.S. When the Bank Says No, Come to Us to Get Your Deal Closed.  I specialize in SBA and Alternative Commercial Loans.  I help entrepreneurs attain financing for their business or project. I BRING MONEY FROM AROUND THE COUNTRY TO LOCAL MARKETPLACES INSURING THE MOST LIKELIHOOD OF CLOSING. The key is placing the borrower with the lender that most suits that borrower’s strengths. I do it better than anyone.  Give me a call today at O:512-650-8630 to get your loan closed.

Don’t forget about our PRIVATE MONEY LOANS:

Sometimes loans can NOT get done conventionally or through SBA.

Give me a call today to discuss your deal at 512-650-8630

nullCommercial CapitalLTD

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