All Forum Posts by: Karen Schimpf

What's Closing Now - Bridge Loans!

Borrower owned a daycare in Las Vegas, NV.

She was an excellent operator with 700 a credit score.

She wanted to buy another daycare that she knew was being poorly run.

She was able to get the daycare for essentially free, just paying for the property of $750,000.

We could not move the SBA loan forward because she did not have two (2) years of tax returns. The borrower started her daycare in 2020 just before Covid hit. The business not only survived, but her 2021 and 2022 numbers were great. SHE DID NOT HAVE TIME TO FILE THE 2021 RETURNS AND CLOSE QUICKLY ENOUGH FOR THE SELLER. Hence, she needed bridge money. Enter…our fund.

The deal came in at the beginning of month and had to close by the 25th for the borrower to file for a necessary grant by the deadline of the 28th. We had to close in three (3) weeks. Since the take out loan was going to be an SBA loan, we were able to finance her bridge loan at the same high loan to a value of 85%! We were able to get her a bridge loan amount of $600,000.00 on a $750,000 real estate purchase.

We were able to close the loan fast and at a high loan to value because she had great credit, experience and good cash flow. Once she files her returns, it will be an easy refinance to SBA which I will facilitate for her. I underwrote the exit strategy and will help her with the refinance.

We got her loan closed in the three (3) week time frame. This borrower is expanding her business and because our payments are interest-only, she can afford the payment. Realtors win, the seller gets what they want and our borrower is happy and now hard at work building her daycare “empire”.

If you need to close fast on your SBA or conventional 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!

Borrower owned a daycare in Las Vegas, NV.

She was an excellent operator with 700 a credit score.

She wanted to buy another daycare that she knew was being poorly run.

She was able to get the daycare for essentially free, just paying for the property of $750,000.

We could not move the SBA loan forward because she did not have two (2) years of tax returns. The borrower started her daycare in 2020 just before Covid hit. The business not only survived, but her 2021 and 2022 numbers were great. SHE DID NOT HAVE TIME TO FILE THE 2021 RETURNS AND CLOSE QUICKLY ENOUGH FOR THE SELLER. Hence, she needed bridge money. Enter…our fund.

The deal came in at the beginning of month and had to close by the 25th for the borrower to file for a necessary grant by the deadline of the 28th. We had to close in three (3) weeks. Since the take out loan was going to be an SBA loan, we were able to finance her bridge loan at the same high loan to a value of 85%! We were able to get her a bridge loan amount of $600,000.00 on a $750,000 real estate purchase.

We were able to close the loan fast and at a high loan to value because she had great credit, experience and good cash flow. Once she files her returns, it will be an easy refinance to SBA which I will facilitate for her. I underwrote the exit strategy and will help her with the refinance.

We got her loan closed in the three (3) week time frame. This borrower is expanding her business and because our payments are interest-only, she can afford the payment. Realtors win, the seller gets what they want and our borrower is happy and now hard at work building her daycare “empire”.

If you need to close fast on your SBA or conventional 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. The Fed raising rates has EXPLODED the interest rate on SBA 7A loans this year. If you are a business or you know anyone who is in business and has a 7A loan on their property, their rates have increased 4% this year, from the 5’s to the 9’s. We can REFINANCE THEM from a 7A loan into a conventional or SBA 504 loan with rates around 6%. A 3% drop in rates on a million-dollar loan is HUGE. It could be the difference in surviving or thriving as you build market share with my tips next week. For more info, or to run the numbers for free and see if refinancing makes sense, call me today at 512-358-1511 or get started by filling out this form

We want to take time out of this joyous season to say....."Thank you"

You have allowed us to serve you, work alongside you, laugh, cry and pray with you. We are grateful! We wish you, your friends, and your family a safe and happy Thanksgiving.

Call Karen at 512-358-1511 today or get started by filling out this form!

Karen Schimpf

(512)-359-358-1511

karenschimpf at gmail.com

www.ApplyCommercialLoans.com

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

                                                                                                                                                           https://flic.kr/p/8UykdQ

We want to take time out of this joyous season to say....."Thank you"


You have allowed us to serve you, work alongside you, laugh, cry and pray with you. We are grateful! We wish you, your friends, and your family a safe and happy Thanksgiving.

Call Karen at 512-358-1511 today or get started by filling out this form!

Karen Schimpf

(512)-359-358-1511

[email protected]

P.S. REFINANCE YOUR SBA 7A LOAN INTO A FIXED RATE 504 LOAN AND SAVE THOUSANDS! The SBA 7A loan is generally an adjustable loan that is tied to Prime. As the Prime has shot up this year due to the Fed raising rates, the SBA 7A loan is shooting up as well. Most borrowers will start paying an interest rate in the 8’s on their SBA 7A loan starting next month.

But EVEN NOW, We can refinance that loan into a blended FIXED rate in the 6’s…that is huge on a Million dollar loan. This is only available for Real Estate-backed deals, but the savings are HUGE at this time. To find out if you qualify for FREE and see how much you can save, call me today at 512-358-1511 or get started by filling out this form started by filling out this form


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

Many of today’s small business owners use their cash on-hand to reinvest in their day-to-day operations. With a working capital loan from Commercial Capital, you can have extra cash to do even more. Business need money. Period. I have never seen a business go out of business because they had too much money. There is a constant need in small businesses for cash. WE HAVE SOME AMAZING sources of cash available to small businesses and I want to share just a few of them.

SBA

Up to $150,000.00 dollars working capital - Close in 2 weeks. For businesses 2 years old,

has 680+ credit score, 30% of gross revenue up to $150,000.00 dollars.

Start Up Non-SBA Money

This is for existing and newer businesses! Any business less than 2 years old is considered a start-up by most banks. It is VERY tough to get money. We have non-SBA business only money available with rates starting as low as 7.99% to 14.99% for businesses that just need some cash up to $300,000. dollars. These are NOT merchant accounts receivable loans. The term loans are either 5 or 7 years. The loans is based on your credit card score 680 or higher, income of $50K or higher in the last two years and loan debt ratio.

Unsecured Business Lines of Credit

For businesses over 2 years old, business registered in the state, the owner has good credit of 700, we can get UNSECURED business lines up to $150,000. Rates range between 5.49% to 14.49%. These are not credit cards, these are the old school lines of credit with a checkbook. We have access to that money!

Call Karen at 512-358-1511 today or get started by filling out this form!

Karen Schimpf

(512)-359-358-1511

karenschimpf at gmail.com

www.ApplyCommercialLoans.com

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

Come to Us to Get Your Working Capital Loan Closed!

Many of today’s small business owners use their cash on-hand to reinvest in their day-to-day operations. With a working capital loan from Commercial Capital, you can have extra cash to do even more. Business need money. Period. I have never seen a business go out of business because they had too much money. There is a constant need in small businesses for cash. WE HAVE SOME AMAZING sources of cash available to small businesses and I want to share just a few of them.

SBA

Up to $150,000.00 dollars working capital - Close in 2 weeks. For businesses 2 years old,

has 680+ credit score, 30% of gross revenue up to $150,000.00 dollars.

Start Up Non-SBA Money

This is for existing and newer businesses! Any business less than 2 years old is considered a start-up by most banks. It is VERY tough to get money. We have non-SBA business only money available with rates starting as low as 7.99% to 14.99% for businesses that just need some cash up to $300,000. dollars. These are NOT merchant accounts receivable loans. The term loans are either 5 or 7 years. The loans is based on your credit card score 680 or higher, income of $50K or higher in the last two years and loan debt ratio.

Unsecured Business Lines of Credit

For businesses over 2 years old, business registered in the state, the owner has good credit of 700, we can get UNSECURED business lines up to $150,000. Rates range between 5.49% to 14.49%. These are not credit cards, these are the old school lines of credit with a checkbook. We have access to that money!

Call Karen at 512-358-1511 today or get started by filling out this form!

Karen Schimpf

(512)-359-358-1511

karenschimpf at gmail.com

www.ApplyCommercialLoans.com

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

I have to say I am surprised at how busy we are. We do business and commercial loans only and we are as busy as we ever have been. We are doing start-up loans, partner buy-out loans, loans for expansion, real estate loans for businesses expanding or buying the building they are in, and investor loans for Commercial Real Estate Investors and across ALL these channels, the volume is robust.

Rates are higher, and there are all sorts of land mines out there, but the businesses keep rolling. To be sure, some businesses are struggling like any market, but by and large, the problems facing most businesses are hiring and rising costs. Volume or sales is not a problem for the hundreds of businesses I talk to every week. I would have thought we would have seen some slowdown but it just hasn’t happened. So what do you do? Keep working. There is plenty of money to lend and good borrowers to serve so we just have to keep working and meeting needs BUT keep an eye on the horizon. Not out of fear, just out of preparedness IN CASE something happens. It is prudent to have a backup plan if business starts to slow quickly but UNTIL it crashes, it has not crashed. I have been saying it most of this year, the only sound strategy is to be ready to pivot in case of disruption but keeps working while there is no disruption. Be working, but be ready.

Seems to be working very well for me this year.

We have 2 HOT OPPORTUNITIES I need to let you know about…

1. If you have an SBA 7A loan tied to real estate you may be able to refinance to an SBA

504 Loan and get blended fixed rates in the 5’s! Most SBA 7A loans are in the 7’.s to

low 8’s now and they are about to go higher after the Fed meets. But we can FIX IT IN

THE 5’S if you qualify for an SBA 504 loan. So give me a call today at 770-908-1672

for a FREE pre-qualification to see if you qualify. It will take me less than 5 minutes to

determine and you could save THOUSANDS!

2. If you have a loan at a bank or lender that is dragging long and you are worried about

losing the purchase of the property because of the delay, our PRIVATE MONEY LOAN

may be for you. It only has a 4-month pre-payment penalty, and it is only 2 points at the

closing so your total cost of the money can be as little as 7%! We can close in just a

couple of weeks and that could mean you secure the property while you keep working

through your bank to get that bank loan finalized to pay off our first mortgage. Everyone

wins, the seller gets their profit, you get the property and the bank keeps the loan since they will be the loan paying us off. A win for all involved. If you have a BANK QUALIFY

deal that needs to close quickly and you can’t wait any longer on your bank, give me a

call at 512-354-1511 or get started with this form https://applycommercialloans.com/apply-now/

Apply Now | Karen Schimpf

Get Started! Use this form, Get Started, to receive FREE advice from one of the experienced professionals here regarding any Commercial Mortgage and/or Commercial Real Estate related topics.

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These are just two of the many loan programs we have available, when you have a commercial or business loan, think of me, Karen Schimpf, and give me a call to discuss. I will give quick answers and approvals. Talk to you soon!