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Updated almost 2 years ago on .

User Stats

911
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235
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Karen Schimpf
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
235
Votes |
911
Posts

Broadened Bridge Loan Coverage: Unlocking More Opportunities

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

https://flic.kr/p/5eVGs2

We have significantly expanded the capabilities of our private funding, propelling our platform from $2 million to an impressive $20 million! As a direct lender, we can swiftly close our balance sheet with the assistance of our in-house credit committee, ensuring a seamless process in as little as two weeks. This is particularly advantageous for renovation, rehab, and stabilization capital on deals that often lack immediate cash flow upon closing.

Moreover, we offer preferred equity for suitable transactions, especially those involving value-add and lease-up opportunities!

Our nationwide range extends from $2 million to $20 million, with closing times as short as two weeks. To give you an idea of our capabilities, here are a few recent transactions:

  1. Hotel Construction Completion with Cash Out: $12 million
  2. In Washington State, we recently provided a senior bridge loan of $12 million, secured by a flagged limited-service hotel. The previous lender failed to make timely loan disbursements during the hotel's construction phase. Our new senior bridge loan allowed us to recapitalize the hotel, address existing liens, and fund construction and interest reserves.
  3. Mixed-Use Urban Infill: $3 million
  4. We recently provided a $3 million senior bridge loan secured by a vacant mixed-use property in Denver, CO. This bridge loan facilitated the acquisition of the asset, provided funds for capital improvements, and stabilized the two existing buildings and surrounding parking spaces.
  5. Senior Living Mezzanine Debt: $6 million
  6. In a suburb of Dallas, TX, we recently offered a $6 million mezzanine loan secured by a newly built senior housing community that includes independent living, assisted living, and memory care facilities. Our mezzanine loan was utilized to refinance a portion of the existing debt and provide working capital for the lease-up of the community. It is important to note that our loan held a subordinate position to a $20 million bank loan, which retained a first lien on the asset.

These are truly exciting times at Commercial Capital as our portfolio of products continues to expand. From Alt-A and Alt-CMBS products to mezzanine and equity offerings, along with our lightning-fast private money solutions. Notably, we received approval last week for a ground-up construction deal with non-recourse financing, allowing for a remarkable 75% loan-to-cost ratio.

If you need to close fast on your commercial loan, give me a call at 512-358-1511 today or get started by filling out this form!

Karen Schimpf

(512) 358-1511

[email protected]

www.ApplyCommercialLoans.com

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

P.S- Time is running out! Has your company applied for the Employee Retention Credit Program? ERC is another program to help businesses that were impacted by COVID. Click here to receive up to a $26,000 per W2 employee ERC cash refund

Photo Link

Karen Schimpf

Commercial Capital, Ltd.

O: 512-358-1511

E: [email protected]

L: www.linkedin.com/in/karenschimpf/

B: http://bizloansconnections.com/

W: http://applycommercialloans.com

CALL TODAY at 512-358-1511 or get started by filling out this form

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