Updated about 10 years ago on .
What is Closing in Now in Commercial
We continue to close 80% of the term sheets we issue and in almost all cases, those loans were denied by other banks and institutions before coming to us. So we can 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. Give me a call today at 512-650-8630. Now on to some closings......
Give me a CALL TODAY to get your deals closed at 512-650-8630
$800,000 Purchase of Two Existing Firehouse Subs Locations
Location: Las Vegas
Type - This is the second deal in 2015 where we financed the purchase of two (2) Firehouse Subs at the same time. This one was done with JUST 10% down. One of the two locations had less than 2 years track record and that caused most all the lenders to require 20% down from the borrower. But we have some of the most expansive franchise financing options available and was able to place him with an aggressive lender out of Tennessee that was expanding nationwide and loved the Firehouse brand. We were able to get it closed with only 10% down. By having access to hundreds of lenders, and knowing them intimately, we can place the borrower with the bank that is most likely to say yes.
Give me a CALL TODAY at 512-650-8630
$560,000 Pizza/Gas Station Refinance of a Private Money Loan....
Location: Delaware
Type - This borrower bought the property 2 years ago with a private money loan because he could not qualify for SBA at the time. (I did that loan for him with our own in-house private money as well!). We then took him and refinanced him into an SBA loan with great rates in the 5's. His past credit history, the type of property and marginal cash flow caused no less than five (5) lenders to tell him... no! I played up the low LTV (property was worth $950,000 a 59% LTV which is VERY low for an SBA 7A loan) and I took the deal to a lender that loves collateral, was ok with the property type and got it closed. A true case of a borrower not giving up and, a broker who knows all the lenders from around the country and bringing all that knowledge to your local marketplace.
Give me a call today to discuss your deal at 512-650-8630
Wishing You the Best,
Karen Schimpf
Commercial Capital LTD
p: 512-650-8630
c: 512-354-5949
e: KarenSchimpf at gmail.com
P.S. Don't forget about our PRIVATE MONEY LOANS:
Sometimes loans can NOT get done conventionally or through SBA. Whether it is because they have to close in 2 weeks, the credit is horrible or some other factor, sometimes no bank will touch a loan. In those cases, private money may be an option. We have our OWN private money and we have a lot of money to lend. We accept bank ordered appraisals if they are recently done and in those cases we can close lightning quick, we actually closed a loan once in 5 days! Although 3 weeks is more the norm. We will do loans as small as $100,000 and as large as $1.5 million. We have lender partners that can close loans up to $50,000,000! When speed is needed and certainty of funding matters, we are the BEST option available--so call today for a free prequalification or to discuss options that my be available to you at 512-650-8630.