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Updated over 2 years ago on .

User Stats

914
Posts
235
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Karen Schimpf
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
235
Votes |
914
Posts

We are Beating the Bank’s Rates…. And it is NOT EVEN CLOSE…..

Karen Schimpf
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
Posted

                                                                                                                                                                                         https://flic.kr/p/MexLRS

A Dentist client got referred to me, he was being given a 6.7% rate on a 5 year fixed with a 25 year amortization to buy a building for his practice. He banked with this bank for years. I got him 5.8% for the same deal and the final rate I got him, after negotiating, was a 5 year fixed, with a 25 year amortization at 5.5%. That was with only 15% down conventional!

Let me repeat that, 5.5%, on a 5 year fixed with a 25 year amortization and only 15% down-conventional, not SBA. THAT WAS JUST LAST WEEK.

MOST BANKS ARE QUOTING AROUND 7% and SBA 7A borrowers are around 10% and I am getting my clients 6% or lower. Often, I can get the bank to pay my fee so that the COSTS ARE THE SAME. We are beating all your major banks, your regionals like Synods and Regions, and the local banks. Listen guys, the prime rate is up at 7.5% and the banks are having to pay into the 4’s now on interest on CD’s and Money Markets…they HAVE to price around 7% to make a profit. But we consistently do deals around the 6% handle and often with no points. We are no longer just the place to go when the banks say no…we are the place to go PERIOD!

Had another client call me last week, he was referred by the Realtor. I spoke to him and told him to send me the documents so I can pre-approve him, he said, “Brian, what really can you do for me. I have been pre-approved by 3 different banks and have a 7% rate quote”. I said, “how about 6%?” He is sending me his stuff today. 3 different banks, all around 7% and I will beat them by a solid 1%. On a $1 Million dollar loan that is OVER $600 a MONTH savings. EVERY MONTH!

If you want the best deal, Pre-approvals in 72 hours, certainty of closing and now the best rates…there is JUST ONE CALL TO MAKE…give me a call today at at 512-358-1511 today or get started by filling out this form! I look forward to serving you soon!

Karen

P.S.- We are beating the banks rates often by a solid 1%! Fast approvals, certainty of closing and NOW MUCH LOWER RATES? Drop the mic……give me a call today at xxxxx or go here to complete form. I will pre-qualify you at no cost and see if you too, can qualify for the best rates in the market. Give me a call today at 512-358-1511 today or get started by filling out this form!

Karen Schimpf

(512)-359-358-1511

[email protected]

www.ApplyCommercialLoans.com

Give me a CALL TODAY at 512-358-1511 or get started by filling out this form!

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