Official Blog of Karen Schimpf for BizLoansConnections

19 April 12

NO RISK Commercial Private Money Solution!

The Hard - to - Find Book Store, Humble by Patrick Feller, on Flickr

NO RISK Commercial Private Money Solution!

One of the biggest risks when dealing with commercial private money transactions is that you have to fork over a lot of cash just to find out if the lender will even get your deal done or not. All the risk is on the you. The lender gets money upfront with a simple letter of interest that is non-binding, and then spends that money to determine if they want to move forward. They have risked nothing but if they deny it, the client has lost big time. Well, we have a private money solution that takes that risk COMPLETELY AWAY. Let me explain.

Give us a Call Today at 866-400-8630, We Close More Commercial Loans than Anyone!

Our private money solution operates differently. We do not kick out term sheets trying to get the deal in the door and then collect fees while we determine if we even want to do the deal. We fully underwrite and issue only one letter-our conditional commitment to fund. There is no second step. It works like this, first, we underwrite it and determine if it is solid deal, we mostly looking at the validity of the exit strategy-does it all make sense. If we like it, we send it to credit committee. If the credit committee likes it, we kick out our approval. That is the only approval they will get. It will be conditional on the appraisal, clear title, and whatever other stips we need to do the loan. You will know upfront what those stips are and can determine right then if you can meet them.

We have you pay the appraiser separately like all lenders. Now if you move forward we do collect a fee to offset the costs of title, closing docs, etc. but this upfront is rarely ever greater than $2500 AND YOUR LOAN IS ALREADY FULLY APPROVED. So there is really no further risk other than the obvious, a low appraisal, some hiccup on title, etc. We will shop and order the appraisal through local appraisers and will take your suggestions. We will use recent appraisals if ordered by a bank and just have them assigned over and updated, saving even more costs and reducing the risk even greater.

Give us a Call Today at 866-400-8630, We Close More Commercial Loans than Anyone!

In fact, if you had to dream up of a way that private money lenders should operate, this is exactly what you would come up with. That is not a co-incidence. We created this fund after doing many deals and seeing what works and what doesn’t. The result is our private money fund. If you know someone who needs private money, whether it is for speed (we can close in 8 days) or because of some issue that keeps it from conventional money, this is the best option for them.

We will underwrite the deal for FREE, we will make a determination and if we want to do the deal, we will issue only one approval with all stips disclosed up front. It is the best private money loan on the planet. And we do deals under $1 million which few private money lenders want to mess with. In fact, that is our main niche.

What have you got to lose-it is a risk free solution to meeting the needs of getting your deal closed without those inflated due diligent fees the other private money lenders charge. Call me directly to run a deal by me at 866-400-8630 or e-mail me at KarenSchimpf@gmail.com. What have you got to lose? Call me today!

Wishing You the Best

Karen Schimpf

Give us a Call Today at 866-400-8630, We Close More Commercial Loans than Anyone!

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Tags: commercial private money, commercial private money austin tx, commercial private money cedar park tx, commercial private money leander tx, commercial private money round rock tx
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5 April 12

Business Refinance

by dno1967b

$385,000 Oil Change Business Refinance

Where: Garland, TX

Type: Business Refinance is another of the many loans that we close where one of the big banks approved the loan, then dragged on processing the file and finally denied it after 3 months, leaving the borrower out to dry. We came in and got the loan closed overcoming serious medical and divorce issues with the client. Be careful shopping around for rates in commercial lending, the most important thing is getting the loan closed. No one does that better than us call 866-400-8630 today!

We Close More Commercial Loan than Anyone. Give us a call today to get your loan closed at 866-400-8630 or 512-650-8630

Wishing You The Best,

Karen Schimpf

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Tags: Austin SBA Business Loans, business finance loan, business refinance, government small business loan
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29 March 12

Finance a Hotel

by Alan_D

We Finance a Hotel Purchase for $2,400,000 in Greensborrow, NC.

Type: This was an exterior corridor Red Roof Inn hotel which is increasingly tough to get financed but we CAN get these deals done. We closed this loan with $200K in renovation money rolled into the loan on an SBA 7A loan! If you are buying or refinancing a hotel-we can get it done!

We Close More Hotel Financing than Anyone. Give me a call today to get your loan closed at 866-400-8630 or 512-650-8630.

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29 February 12

Hotel Construction Financing

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by Hamner_Fotos

Ground Up Hotel Construction Financing? – YES We Can!!!!

This has been one of the toughest forms of financing to find and THIS WEEK we are rolling it out. Ground up construction on flagged hotels NATIONWIDE up to $5 million in loan amount!

We Close More Hotel Construction Loans than Anyone. Give me a call today to get your loan closed at 866-400-8630 or 512-650-8630.

Quick hits: As little as 15% down, need strong experience and a feasibility study will be required prior to full underwriting.

We Close More Hotel Construction Loans than Anyone. Give me a call today to get your loan closed at 866-400-8630 or 512-650-8630.

Wishing you the Best,

Karen Schimpf
Web Site: http://ApplyCommercialLoans.com

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Tags: hotel construction loan, hotel construction loans, hotel construction loans austin tx, hotel construction loans cedar park tx, hotel construction loans georgetown, hotel construction loans round rock tx
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5 January 12

Calling All Doctors…Loans for Business

Calling All Doctors. We can get you 100% loans for small business.

Project: $1,490,000 Practice & Real Estate Acquisition for Optometrist

Loan 1 -Practice Acquisition & Working Capital
$1,050,000 Conventional loan
10 year term w/ 10 year fixed rate at 6.50%

Loan 2 – Real Estate Acquisition
$440,000 SBA 7a Loan
25 year term w/ 10 year fixed rate at 5.95%

With our capacity to fund medical practices using conventional loans we were able to provide 100% financing for this borrower. If this opportunity was financed exclusively through the SBA program the buyer would have to come up with a 25% injection toward the entire project per the “goodwill” guidelines of SBA. This was a deal killer.

However, because we can offer conventional loans for medical (including Ophthal, Opto, Dental, Vet and Pharmacies), we were able to structure 100% financing for the entire project including working capital and with competitive long term, fixed rate money. This borrower also appreciated that we had no loan covenants and no depository requirements which are quite often found in larger bank loan docs.

Give us a Call today at 512-522-8630 to get you approved. We lend nationwide to all industries starting at $250K +.

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9 December 11

The Commercial Loan Rate is the Lowest of the Year!

by nancyarora2020

The Commercial Loan Rate is the Lowest of the Year!

The stock market sell off of the last two weeks has created the refinance and purchase opportunity of a lifetime in commercial real estate!

Commercial rates are now in the 5% range and even 4%’s are available on select property types. People with balloon notes due in 2 years should seriously consider a refinance and if you are in the market to purchase commercial real estate, you cannot beat the rates available at this time.

Of course, guidelines are still tight and you need to work with someone with a proven track record of actually closing loans but now the rates create a truly unique opportunity.

To find out where the rates are for your property type or situation or to get a quick commercial loan approval for a purchase, call or email us today at

512-650-8630 or KarenSchimpf@gmail.com. We close more commercial loans than anyone.

While some lenders are exiting the commercial sector, new lenders and new programs continue to come into the market.

We are rolling out the HOTTEST BRIDGE LOAN ON THE PLANET THIS WEEK FOR LOANS $3 MILLION AND UP.

CHECK IT OUT:

Up to 85% LTV!!!!

Rehab OK

NON-RECOURSE (are you kidding me?)

RATES between 9 and 11% generally

All property types considered-even HOSPITALITY

Can lend in all 50 states

Wow! If you or anyone you know needs bridge commercial

We close more commercial loans than anyone…Call 512-650-8630 Today! Or mail me at KarenSchimpf@gmail.com

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Tags: commercial loan, commercial loan austin tx, commercial loan cedar park tx, commercial loan georgetown tx, commercial loan leander tx, commercial loan round rock tx, commercial loans, commercial mortgage loan
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15 November 11

Discount Note Loan…What is it?

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by MattHurst

A discount note is where the bank needs to get loans off their books-both non-performing AND, performing. The reason many banks are note discounting is so the FDIC does not come in and take the bank over due to not having the required equity.

Give us a Call Today at 866-400-8630, We Close More Discounted Note Loans than Anyone!

We have one client that had an outstanding loan of $1.7 million. The property values had fallen and, the place only appraised for a million. The property cash flowed to support a $600,000 loan and, the bank accepted the pay off. He lopped off $1.1 MILLION in debt! BECAUSE THE NOTE HAD BEEN CALLED MONTHS AGO AND, THE LENDER DID NOT WANT TO TAKE PAYMENTS. HE HAD NOT MADE A PAYMENT IN 6 MONTHS! We did a private money loan through our fund and, closed it in a few weeks. Six (6) months from now we will refinance him into a longer term vehicle at conventional rates and, the client is fired up!

It can work on purchases too. We have one client that is being offered a group of 6 shopping centers that the bank has foreclosed on. The outstanding loan is $13 million, the properties recently appraised for $11 million, they cash flow net about $850K and, this borrower can buy them for $7 million if he will close in 30 days. That is $3 million of free equity-HUGE. We have the resources to close that loan in a couple of weeks with no appraisal!

A discounted note deals are typically bridge loans so they can close the deal quickly. Because discount note loans are closed quickly many times, a new appraisal is NOT even needed.

Properties don’t have to be distressed to need note discount deals although if you have time and, the note is current, there are conventional options available. We have seen deals where the bank just wanted the loan off their books to improve their reserve requirements even though the loan was performing. We had to document that the loan was performing but, we have done straight refi’s where the borrower was able to lop hundreds of thousands off of what they owed simply by refinancing it off the banks books. Right now, banks are looking hard at moving some debt off their books.

If you need help with your commercial refinance loan on your building or looking at purchasing a building where the loan is being discounted, give us a call Today at 866-400-8630 or 512-650-8630. We close more discounted loans than anyone!

Wishing You the Best,

Karen Schimpf

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8 November 11

Discounted Note on $1.9 Million Retail Shopping Center

by mjb84

Discounted note is a common theme happening today is the selling of the notes from banks that are in trouble or need to get debt off their books.

Note buyers will buy these notes at 40 cents on the dollar – often with NO knowledge by the business or investor who owns the property. In most cases, the notes are CURRENT. We are not talking troubled properties necessarily. The note buyers that offer a discount to the owner of the property to refinance it out. If the client can refinance, everyone wins.

The note buyer buys the paper at 40 cents on the dollar and, sells it to the owner at 80 cents. The owner gets 20% knocked off his debt which usually lowers his payment. The problem comes in when the client can not refinance – but that is another story for another time. On this deal, it was a retail plaza that appraised at $3.6 million and, they owed $2.8 million and, they could get the note paid off for just $1.9 million. Even at that LTV, ($1.9 million vs. a $3.6 million value – 53% LTV), the clients had been denied when they came to us.

The property cash flowed but, the 3 owners did not personally debt cover without some creative add-backs to their income. We found the add-backs and, got the deal done. In this case, it was our knowledge of tax returns and, putting them with the right lender who would take the time to dig through the myriad of S-Corps and, LLC’s that these investors had. And $900,000 worth of debt just disappeared – isn’t America great!

Call Karen Schimpf today at 866-400-8630 or www.http://ApplyCommercialLoans.com for help with all your commercial refinance needs!

by Brian Peart

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20 October 11

Commercial Note…Discounted

by eli.pousson

$450,000 Commercial Notes Deal…Discounted

Where: OH

Sometimes people don’t have 30 days.This guy was going to lose the property if he did not close by Wednesday. The lender was calling the note and offered a deep discount if he would pay it offby a certain date-otherwise, they would execute the foreclosure. He signed our agreement on Monday. We ordered a quick review appraisal on the spot and had the file closed the following Wednesday-in just 8 business days through our private money fund.

This fund will look at any type of property as long as the deal makes sense. It must be RE based, and we go to 65% LTV on loan amounts below $1 Million but we can close lightning quick. On $1Million+ loan amount deals the loan to values are higher for a purchase up to 80% ltv and on a refinance up to 90%+ loan to value on a discounted note.

This borrower got $500,000 off on his note by closing on time and saved his property to boot!

We Close More Commercial Notes that are Discounted than Anyone. We can Close Your Deal in Days. Give me a call today to get your loan closed at 866-400-8630 or 512-650-8630.

Wishing you the Best,

Karen Schimpf
Phone: 512-650-8630
Toll: 866-400-8630
Web Site: http://bizloansconnections.com/

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Tags: austin tx commercial loans, bridge loan financing, commercial bride loans, commercial bridge loan, commercial discount note, commercial loans, commercial note, discount note, refinance commercial loan
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4 October 11

Small Business Administration Loans…The Economic News is NOT All Bad

by Jepp Fotojiwang

The Economic News is NOT All Bad…..

Granted, the headlines are not pretty. And our government seems committed to making the greatest number of mistakes possible. But I am here to tell you that underneath all of that, Small Businesses Administration Loans are really happening! And that is a VERY good thing.

At Commercial Capital, we are busier than we ever have been, and since most of my loans are to small businesses, this is a positive for the economy. Many of the CDC’s I know are also having very good years (CDC’s are companies that administer the seconds on SBA 504 loans). If the SBA is busy, then again, small businesses are working. And there is almost a mini-boom happening in franchising right now. It seems like every franchise out there is very busy which again, means new businesses are starting. This means jobs are being created. And I am seeing another big trend-a lot of boomers are quitting corporate America for good, cashing out or rolling over their IRA’s and starting their own businesses. Now financial planners may cringe at that point, but the owners I speak to are putting it this way, “These large companies I have invested in don’t seem to be very “with it” and with so many risks, I feel better controlling my own destiny”.

Give me a call Today at 866-512-400-8630. We close more commercial loans than anyone!

I say all of this not to debate investment strategy but to share what I am seeing in the front lines, in the trenches of this economic battle. There are warriors out there, small business men and women and they are cautious, but they are determined and they are not backing down. As a small business owner myself, I acknowledge that there are dangers ahead, not the least of which is our Government’s essential bankruptcy, but I also see opportunities everywhere. And I am attacking those opportunities because sometimes, the best defense is a strong offense. And I am not alone.

So take what you hear on the news with a grain of salt and know that there are people fighting the good fight. Maybe you are one of us. Take heart! Because behind the news, on every street corner, the fight goes on. And these warriors will find a way to win. Opportunities abound today, in spite of or possibly because of, the broader economic news. Properties are cheap, rates are low, and there are some people doing very well. Those stories are all around you and THAT is what will keep America going. Entrepreneurship lives on and with it, lies the hope of this economy. We are America, and we are not dead yet! By Brian Peart

Wishing You the Best,

Karen Schimpf

P.S. If you know a small business owner or investor cheer them on! And if they need money, give me a call TODAY at 866-400-8630 or locally at 512-650-8630. We are closing more commercial loans than anyone in the country and we are successfully bringing capital from around the country to the small business owner or investor.

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