All Forum Posts by: Karen Schimpf

How to Deal With the News….

I talk to around 50 or more people pretty much every day. Conversations do arise regarding current events, so I feel I need to at least be cognizant of what is going on. WE MUST BE CAREFUL WHAT WE LET INTO OUR MINDS…IT DIRECTLY AFFECTS OUR HAPPINESS AND JOY! So how do you do that when the news is so overwhelmingly negative? Let me share how I do it.

First, I have significant quiet time in the morning and I do NOT look at the news until I get into the office around 9. I want my thoughts in the morning to be excellent thoughts and the news is not excellent in any way, anymore. When I get in I tap the CNBC app on my phone, check the futures, then glance at the bullets underneath (it says “Top Stories”). NOW, THIS IS CRITICAL-DON’T READ THE ARTICLES…just look at facts. Russia Bombs Ukraine city of “x”. That’s all you need. If you keep reading that article you will be fed whatever propaganda they want you to believe..that Putin is evil, we are good, whatever. All news is spun either left or right, but it all has a spin. IGNORE THE SPIN. Just facts and move on. This takes me about 30 seconds to one (1) minute but I have enough to speak intelligently on any current issue if it comes up. At the end of the day, I log in again and see how the market went and the top stories of the day, and I am done. Again, another one (1) minute or so. You are done. Don’t keep checking the market all day. Don’t keep reading articles and going down rabbit holes. Don’t read up on everybody’s news feeds-in fact, ignore news feeds. WHY? Because if you want pure happiness and joy you MUST focus your mind on the things above!

The Bible shares in Col. 3:2 “Set your mind on things above, not things of the earth”. Paul goes on to expand on this in Phil. 4:8 when he said, “whatever things are true, whatever things are noble, whatever things are just, whatever things are pure, whatever things are lovely, whatever things are of good report, if there is any virtue and if there is anything praiseworthy, think on these things”. James Allen, in his classic book, “As a Man Thinketh,” said “All that a man achieves and all that he fails to achieve is the direct result of his thoughts…..as he thinks, so he is; as he continues to think, so he remains”,

Guys, you MUST minimize all negative noise and focus on what is good, pure, and right. The more time you spend on the things above, the more happy and joyful you will be. A glance at the facts only when you look at the news and ignore ALL articles trying to explain it. They don’t know, it is almost comical to see the news try to explain things going on. They DON’T know why things are happening and neither do you. You CAN’T DO ANYTHING ABOUT IT ANYWAY! So why worry? Just the facts…then move on to higher and better thoughts… the things above. That’s what I am doing, and it is a much happier and joy-filled existence. Try it, it WILL work for you too! What you think about, what you spend the most time dwelling on, that you will become. Dwell on good and pure things and become noble in character.

If you are looking to buy or pull cash out, give me a call. I can do a pre-approval for the buyer OR the seller. And it is FREE! Call Karen at 512-358-1511 today or get started by filling out this form!

Karen Schimpf

Commercial Capital Ltd.

512-358-1511

karenschimpf at gmail.com

www.ApplyCommercialLoans.com

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

blog: http://bizloansconnections.com/

website: http://applycommercialloans.com

P.S. WE have money to lend and we do not charge ANYTHING to get you to that term sheet. That’s right, we are the ONLY NO RISK OPTION IN COMMERCIAL. I will preview your loan and, quickly determine whether we can get it closed or not, and if so, we will have terms in 48 hours from receipt of the basic docs. No cost, no risk. We close you or we make NOTHING. IF YOUR CURRENT BANK IS SAYING NO OR WORSE…TAKING FOREVER TO DECIDE, GIVE ME A CALL TODAY. I will have you quick answers and, you’ll be on your way to a closing-just call Karen. We do SBA loans, Private money loans, stated income loans, and more! Give me a call today Give me a call at 512-358-1511 or get started by filling out this form started by filling out this form

The quality and quantity of the deals I have been getting have been amazing and it is mostly growth-start-up franchises, and strong businesses buying buildings expanding. There is strength out there and the rise in rates is not stopping that in the commercial world the way it has affected residential. This means, for the first time that I can ever remember, commercial mortgage rates are close to residential mortgage rates.


Don’t know if it will last for long, but it is definitely still a good market in commercial. We are very busy. I hear from Realtors that the residential market is still busy despite the rate increases. My neighbor put his home up for sale last week and had 8 showings over the weekend and 6 offers. So the market is still strong despite the rates.


The reason the residential rates went up so much is that the SPREADS increased as well as the interest rate. So the 10-year treasury, which is the key benchmark, has gone up over 1% in the last month or so. Yet, mortgage rates went up even more. The reason is the spread, the buyers of the mortgage-backed securities, seeing an aggressive Federal Reserve and a lot of potential disruptions, are requiring a higher spread to compensate for the perceived risk going forward. This is interesting to keep in mind. The big money is assuming continued rate increases and
continued volatility and risk.


I don’t believe in a “one size fits all” investment strategy. Each person is different. But a lot of money, big money, is looking for a place to deploy it. Commercial Real Estate gives a nice hedge…inflation should be good for fixed assets and businesses are still doing well financially. Having a solid fixed real asset underneath. Not a bad play.  If you are looking to buy or pull cash out, give me a call. I can do a pre-approval for the buyer OR the seller. And it is FREE! Call Karen at 512-358-1511 today or get started by filling out this form!




Karen Schimpf
Commercial Capital Ltd
(512)-359-358-1511
karenschimpf at applycommercialloans.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/JBfdgq

Tale of Two Commercial Banks

The big banks started reporting earnings last week and to hear it from them, things are getting worse. Even Goldman, which beat estimates today, still had a net profit down 48% in the second quarter. When you hear Jamie Dimon, president of JP Morgan/Chase-the biggest of the main banks, start sounding the doom and gloom card….you take notice. Much of the losses are in setting aside loss reserves….in other words, setting aside money for what they perceive to be a lot of failures and in lower trading revenue. The big banks seem to be VERY nervous.

Here in Texas, I am know most of the local banks and many of the presidents of those banks so I called my friend Bill who is the president of a local bank near me and asked what he was seeing. He said they had a record year last year because of PPP loans, and they stripped those loans out of their budget for this year. But if the second half of the year is like the first, he said they will even beat out last year's numbers. He says they are nervous and are reviewing loans more cautiously. They see the inflation and the fed hiking rates, but he said they are in the healthiest position they have ever been in and they are NOT seeing the effects yet of that inflation-at least based on their revenue and profits.

Two banks, two different stories. Which one is right? I can point to five (5) facts that argue that things are going strong-like the most recent employment numbers. I can point to five (5) facts that say we are about to hit the skids-like the inverted yield curve. So which is right? I honestly DON’T KNOW. It could go either way. I can see both arguments. I would be leaning more toward recession because inflation and rising rates are not good for the economy, and of course, there are more geopolitical risks than we have seen in a long time so that is a negative as well but there is still PLENTY of underlying strength. It’s the craziest market I have ever seen. So what is the play? Well, the way I am looking at it is this…..

1. Keep doing what is working….don’t stop because you are scared of what

“might” happen-wait until it does

2. Be ready to pivot!- have some cash reserves, and be ready to pivot your business when

the market actually changes

3. Work on yourself. If you are in business for yourself, and most people are even if they

are technically employed by someone else, then the highest and best thing you can do is

improve yourself. Improve your attitude, improve your sales, improve your networking….just work on getting better personally-there is no downside to that!

Until it crashes, it hasn’t crashed. Keep working, be ready to pivot, but keep working. It is the plan that seems to mesh the best with a market that is tough to decipher. Have a blessed week!

Karen Schimpf

(512)-358-1511

karen at applycommercialloans.com

www.ApplyCommercialLoans.com

P.S. WE have money to lend and we do not charge ANYTHING to get you to that term sheet. That's right, we are the ONLY NO RISK OPTION IN COMMERCIAL. I will preview your loan and, quickly determine whether we can get it closed or not and if so, we will have terms in 72 hours from receipt of the basic docs. No cost, no risk. We close you or we make NOTHING. IF YOUR CURRENT BANK IS SAYING NO OR WORSE...TAKING FOREVER TO DECIDE, GIVE ME A CALL TODAY at 512-358-1511.

P.S. P.S. OUR NEW PRIVATE FUND IS OUT. IF you have an SBA loan or a conventional loan that is in danger of dying because the bank is not going to get it closed in time, GIVE ME A CALL. We can close that on our private fund affordably and then you can refinance out conventionally in as little as four (4) months! WE CAN EVEN GO TO 90% LTV! 

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

Invest in Commercial Real Estate Now?

Yes, it is a line in the movie, Wall Street, but it really is a good practice. Don’t let your emotions get the best of you when investing. As I write this on Monday morning, the futures are down huge, pointing to more losses on wall street after a rough few weeks. Rates also are shooting up….but I don’t think we will see a crash at this time. What is happening in the stocks and bonds is finally re-pricing to the fact that inflation is not going away any time soon. Stocks and bonds are forward-looking, stocks ran up on low inflation and low rates and an accommodating Fed, now they are adjusting to the reality that inflation is here and likely to stay for a much longer time than previously thought. They will find a near-term bottom, maybe even today, and will stabilize for a bit.

There is too much economic activity still going on to have a full crash yet. I talk to people all over the country and though most people are far more nervous than ever before, few have changed their buying habits significantly. Credit and credit cards are still easy to get-there has been no contraction in credit availability. So most people are still booking summer vacations, eating out, and buying the things they want. The bigger danger of a crash, in my opinion, is at the end of the summer, when people have spent their money and inflation and the war in Ukraine are still going on. But for now, I think stocks find a bottom somewhere in here and tread horizontally-some ups and some downs but generally grinding lower, we will not push up to new highs. It will be years before we ever touch the highs that were put in at the start of this year. Stocks, for the next few years, will NOT provide good returns. Just one man’s opinion.

So where do you find value? Where are good investments? They are all around you! Opportunities are everywhere-you just have to have a positive mindset and not be cowering in fear. If you are a business owner, the biggest bang for your buck is investing in your business. Whether it is better training, better marketing, or looking for new untapped areas. Your business has the biggest upside with the least amount of risk. Improving yourself could cost nothing, all sorts of sales training are available online for free, and it could yield huge returns-to be a better communicator or leader can reap huge rewards. Customer service has fallen in this country, focus on improving your service, adding value, and you will separate yourself from your competition and improve your cash flow. Look at undervalued assets-they are all around you!

DID YOU KNOW, that an empty commercial building is not overpriced? Ever! Let me explain. With homes, whether you are living in the home or you move out, the home has the same value. But in commercial, the main determinant of value is the cash flow of the property. So an empty building with no cash flow is worth as much as 10 times LESS than if it had cash flow. This leads to all sorts of opportunities to buy something low, re-purpose it, get it to cash flow, and then sell it high. Let's say you buy a building for $250,000 that is empty. You then get a tenant in there that pays just $5,000 a month in rent. That building is now worth $750,000 at a normal 8 CAP valuation. In other words, that $60,000 in rent increased the value of the building by $500,000 dollars!!!! Let's say you want to move your business and buy a building-you can do the same thing! If you have a strong cash-flowing business, you could buy that building, move your business in there, do a lease buy-back where you draw up a 10-year lease with yourself at $5000 a month, turn around and sell it. You will make a cool ½ Million while still having a place secured for your business for the next 10 years. We would GLADLY loan you the money in that scenario even at 90% and you could have the whole thing done in 4 months-a cool ½ million. Not bad.

It’s just one of many examples. The bottom line is, that opportunity is still everywhere. Keep your eyes open and have a positive attitude and you’ll start seeing the opportunities all around you. Today, remember the Bob Marley song, “Three Little Birds”, the birds were singing, “don’t worry, about a thing, because every little thing, is going to be all right!” (He got that from Jesus in Matthew 6 by the way-just a little did you know?)

Have a GREAT day and be blessed!

Karen Schimpf

(512)-358-1511

karen at applycommercialloans.com

www.ApplyCommercialLoans.com

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

P.S. OUR NEW PRIVATE FUND IS OUT. IF you have an SBA loan or a conventional loan that is in danger of dying because the bank is not going to get it closed in time, GIVE ME A CALL. We can close that on our private fund affordably and then you can refinance out conventionally in as little as four (4) months! WE CAN EVEN GO TO 90% LTV! Give me a call at 512-358-1511 or get started by filling out this form started by filling out this form

Rates have gone up but not as quickly as residential rates and businesses are still expanding as you will see in the loans below…

$2.4 Million Purchase of a Sushi/Hibachi Company-Business Only

Location: FL

This was a 34-year-old successful restaurant/bar whose founder was retiring and wanted to sell it to his long-time managers. A business-only transaction, no real estate, we rolled in $200,000 of working capital. The borrowers put down 10% or $260,000 and got $200,000 BACK! So a net of only $60,000 to buy the restaurant they have been running for 30 years. It’s just a beautiful story and I see these deals all the time. Next week we are closing a bar/restaurant for $3.4 Million in GA, the same thing…the long-time manager is buying it from the founder. These legacy-type deals are just encouraging to see…people being rewarded for their service…it’s great. Most banks can not do business only transactions with no collateral over $500,000 but we can do it to the full $5 Million SBA loan limit. When you are looking to buy a business…we are the place to

go! call at 512-358-1511 or today or get started by filling out this form!

$1.0 Million Cash Out Refinance-Commercial Real Estate

Location: AZ

Banks still do not like Cash-Out Refinances, especially above 50% LTV. They REALLY don't like them when the cash out is being used for other investments. We have alternative lenders that will allow cash out up to 75% with NO strings on the money. In this case, the borrower was cashing out his office/warehouse to put into another venture. We closed this alternative loan with a 6.9% Interest rate and a 30-year fixed loan!!!! With residential mortgage rates heading into the 6's, this rate was a home run for the borrower and a 30-year fixed rate to boot! We have a full suite of alternative loans for those deals that are good but just outside of what banks are comfortable with. As more and more banks tighten, I expect these deals to grow in our pipeline. If you have a "just miss" bank deal…give me a call at 512-358-1511 or today or get started by filling out this form!

Start-Up Franchise Loans

Location: Nationwide

We close start-up franchise loans all the time, this one was special because it is a new franchise with less than 20 locations open. Lenders shy away from young franchises but we have brought many young franchises to success. Our start-up loans can sometimes go to only 10% down (must be very strong) but 20% down is the norm. That is of ALL the costs needed to open. In this case, the cost to build out the space, the franchise fees, equipment, training, marketing, AND working capital of $50,000 came to roughly $400,000 and the borrower put down 20%. Interest is factored in so that the borrower does not have a payment until the doors open. These loans are great and this market has stayed VERY hot.

People ARE starting businesses, buying businesses, expanding, and growing. The market still has legs. Yes, the risk for recession continues to grow and things are not all rosy, but business IS still going on and WILL, even in a recession. Shoot, even in communist China, there are businesses, Billionaires, and commerce goes on.

Disruption is the new normal, but with all disruption comes opportunities. Those who keep their heads about them and keep working and keep their eyes open are the future winners when the dust settles and WE ARE HERE TO HELP. I have been doing this since 2000 and have seen all sorts of drama and crises. The one consistent is that I am always able to lend to good businesses, no matter what.

SBA, CONSTRUCTION, ALTERNATIVE, PRIVATE MONEY, STATED INCOME, we have it all! Call Karen Schimpf today and get your loan funded. One call does it all at 512-358-1511

Karen Schimpf

(512) 358-1511

karen at applycommercialloans.com

www.ApplyCommercialLoans.com

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

P.S. WE have money and we do not charge ANYTHING to get you to that term sheet. That’s right, we are the ONLY NO RISK OPTION IN COMMERCIAL. I will preview your loan and, quickly determine whether we can get it closed or not, and if so, we will have terms in 48 hours from receipt of the basic docs. No cost, no risk. We close you or we make NOTHING. IF YOUR CURRENT BANK IS SAYING NO OR WORSE…TAKING FOREVER TO DECIDE, GIVE ME A CALL TODAY. I will have you quick answers and, you’ll be on your way to a closing-just call Karen call at 512-358-1511 or today or get started by filling out this form!

Rates have gone up but not as quickly as residential rates and businesses are still expanding as you will see in the loans below…

$2.4 Million Purchase of a Sushi/Hibachi Company-Business Only

Location: FL

This was a 34-year-old successful restaurant/bar whose founder was retiring and wanted to sell it to his long-time managers. A business-only transaction, no real estate, we rolled in $200,000 of working capital. The borrowers put down 10% or $260,000 and got $200,000 BACK! So a net of only $60,000 to buy the restaurant they have been running for 30 years. It’s just a beautiful story and I see these deals all the time. Next week we are closing a bar/restaurant for $3.4 Million in GA, the same thing…the long-time manager is buying it from the founder. These legacy-type deals are just encouraging to see…people being rewarded for their service…it’s great. Most banks can not do business only transactions with no collateral over $500,000 but we can do it to the full $5 Million SBA loan limit. When you are looking to buy a business…we are the place to

go! call at 512-358-1511 or today or get started by filling out this form!

$1.0 Million Cash Out Refinance-Commercial Real Estate

Location: AZ

Banks still do not like Cash-Out Refinances, especially above 50% LTV. They REALLY don't like them when the cash out is being used for other investments. We have alternative lenders that will allow cash out up to 75% with NO strings on the money. In this case, the borrower was cashing out his office/warehouse to put into another venture. We closed this alternative loan with a 6.9% Interest rate and a 30-year fixed loan!!!! With residential mortgage rates heading into the 6's, this rate was a home run for the borrower and a 30-year fixed rate to boot! We have a full suite of alternative loans for those deals that are good but just outside of what banks are comfortable with. As more and more banks tighten, I expect these deals to grow in our pipeline. If you have a "just miss" bank deal…give me a call at 512-358-1511 or today or get started by filling out this form!

Start-Up Franchise Loans

Location: Nationwide

We close start-up franchise loans all the time, this one was special because it is a new franchise with less than 20 locations open. Lenders shy away from young franchises but we have brought many young franchises to success. Our start-up loans can sometimes go to only 10% down (must be very strong) but 20% down is the norm. That is of ALL the costs needed to open. In this case, the cost to build out the space, the franchise fees, equipment, training, marketing, AND working capital of $50,000 came to roughly $400,000 and the borrower put down 20%. Interest is factored in so that the borrower does not have a payment until the doors open. These loans are great and this market has stayed VERY hot.

People ARE starting businesses, buying businesses, expanding, and growing. The market still has legs. Yes, the risk for recession continues to grow and things are not all rosy, but business IS still going on and WILL, even in a recession. Shoot, even in communist China, there are businesses, Billionaires, and commerce goes on.

Disruption is the new normal, but with all disruption comes opportunities. Those who keep their heads about them and keep working and keep their eyes open are the future winners when the dust settles and WE ARE HERE TO HELP. I have been doing this since 2000 and have seen all sorts of drama and crises. The one consistent is that I am always able to lend to good businesses, no matter what.

SBA, CONSTRUCTION, ALTERNATIVE, PRIVATE MONEY, STATED INCOME, we have it all! Call Karen Schimpf today and get your loan funded. One call does it all at 512-358-1511

Karen Schimpf

(512) 358-1511

karen at applycommercialloans.com

www.ApplyCommercialLoans.com

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

P.S. WE have money and we do not charge ANYTHING to get you to that term sheet. That’s right, we are the ONLY NO RISK OPTION IN COMMERCIAL. I will preview your loan and, quickly determine whether we can get it closed or not, and if so, we will have terms in 48 hours from receipt of the basic docs. No cost, no risk. We close you or we make NOTHING. IF YOUR CURRENT BANK IS SAYING NO OR WORSE…TAKING FOREVER TO DECIDE, GIVE ME A CALL TODAY. I will have you quick answers and, you’ll be on your way to a closing-just call Karen call at 512-358-1511 or today or get started by filling out this form!

Commercial Property Exchange

NETWORKING EVENT

Making Transactions Happen

Come to the Williamson County

and Northeast Travis County

Commercial Property Exchange Networking Event!

Meeting every 1st Thursday of the Month

Williamson County Association of Realtors

123 E.Old Settlers Blvd. Round Rock TX 78664

Meeting begins at 8:30 am and ends @ 10:00 am

COMMERCIAL PROPERTY EXCHANGE NETWORK for Commercial Realtors

Date: Thursday,

July 7th, 2022

Time:

8:30 am – 10:00 am

Address:

123 E. Old Settlers Blvd., Round Rock, TX

Zoom:

Register in advance to attend meeting via Zoom:

https://us02web.zoom.us/meeting/register/tZwtdOCqqjkoHN3cucayv7HeW7hSDkIWMn8_

****Please check your email to receive the meeting id number and the passcode for the event.

For Properties that you plan on discussing

please send your flyers in pdf format by Wednesday at noon to Karen at applycommercialloans.com. Make sure you receive a confirmation we received your property flyer.

Closed to Vendors

Commercial Realtors Please RSVP to Karen Schimpf with Commercial Capital, Ltd. at Karen at applycommercialloans.com

https://www.applycommercialloans.com

Breakfast Sponsor

Chance Reed

Simple Office Furniture

[email protected]

512-535-5016

The Round Rock Commercial Property Exchange is an event that makes transactions happen! This is a great opportunity to network to find out what is happening in Williamson County and exchange commercial property information. Join us Thursday by bringing your have and wants by showing your property via projector. We look forward to seeing you there.

Karen Schimpf

Commercial Capital, Ltd

www.ApplyCommercialLoans.com

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

Karen at applycommercialloans.com

512-358-1511

Yes, SBA loans are taking longer than they used to, and yes, they are a lot of documentation, but they are a CRITICAL piece of liquidity in this market. I had a loan that could not go SBA because the type of business was exempt. It had strong borrowers, buying a strong business, with good credit, willing to put 25% down, BUT there was no real estate collateral. The borrowers did not have equity in homes that could be liened. There was no collateral in the business, it was a simple business-only transaction. EVEN though it was an existing business, and EVEN though it was strong, and EVEN though the borrower had a great experience, credit, and outside income, NO BANK wanted to touch it conventionally. None. Over 20 banks denied them. I can get a start-up business done with no problem SBA with less money down and have multiple lenders looking at it. Unless you have collateral, SBA is the best way to go for business-only transactions. Period. Even with COVID restrictions lifted, no one wanted to touch that business without collateral. It was eye-opening to me. Below are THREE (3) recent closings, all SBA. All Startups or new expansion. All done with less money down than the example above. WE CAN GET SBA LOANS CLOSED FOR YOU, We will help with the paperwork, it is a GREAT option to actually getting the money you need for a start-up or expansion of a business.

$356,000 Purchase of medical building and FF & E for the second location.

Location: Georgia

The borrower had an existing medical practice and wanted to buy a building and get furniture, fixtures, and Equipment, (FF &E), and working capital for a second location. We did the loan at $320,000-90% of the total cost. Actually, the purchase price of the building was $300,000 so we loaned her more than the purchase price! The deal came to me from the selling agent who knew me from other closings. Apparently, the borrower got denied by another bank and the seller’s agent suggested me. We got it done, and the Realtors got paid. I am not even sure why it got denied at the other bank as the deal was not that bad, I get a lot worse done. But hey, I will take it. CERTAINTY OF EXECUTION at the same rate as the other guys…that is why you should choose us! Just saying.

$290,000 Healthcare Start-up Franchise

Location: California

A franchise start-up of a unique healthcare type franchise where the borrower had NO collateral. As discussed before, with no collateral even an existing cash-flowing business will struggle but we were able to get this start-up done with no collateral. We can go up to $5,000,000 with NO COLLATERAL on SBA loans. Most lenders are capped at $500,000 for business only without collateral but we can go to $5 Million as long as the numbers work. We are the SBA specialists…give us a call.

$249,000 Franchise Start-Up

Location: Florida

The borrower wanted to open an America’s Swimming Pool Franchise. It was a start-up loan. The loan included working capital, supplies, inventory-everything he needed to be successful. On this one, we were able to do it with just 15% down. That is good on a start-up. The borrower had no experience in the field. With many lenders that can be problematic but we can do no experience on franchises as long as they have good credit, outside income, etc. WHAT MAKES US UNIQUE IS MY PROCESS- What I do is look at the strength of each borrower and match it with the lender that looks most favorably at that strength. For example, some lenders key on experience. Some on credit, some on collateral. I take the biggest strength of each borrower and match it with the lender that most favors that strength. There is no way the average borrower can know which lender is perfect for their strength-these things are not advertised. I know from sending hundreds of loans to lenders who likes what and I can match the borrower with the lender best suited to them in the marketplace. The rate is the same! It just takes the guesswork out of the equation.

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

karen at applycommercialloans.com

www.ApplyCommercialLoans.com

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

P.S. DID YOU KNOW? That over 80% of the commercial loans I get have been denied somewhere else? Did you also know, that in ALMOST EVERY CASE, I am able to get them a rate like the one they were quoted at the bank that denied them? IT NEVER HURTS to give me a call and run your deal by me. I can review and underwrite your deal and get you approval in writing often in 72 hours and with NO COST TO YOU! What do you have to lose?

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

                                                                     https://flic.kr/p/5Su9wi

                                                                                 THE DEAL

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

karen at applycommercialloans.com

www.ApplyCommercialLoans.com

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

P.S. Our conventional commercial loans with JUST 15% DOWN are SMOKING HOT with rates STILL AROUND 4%! If you are looking to buy a building for your business, we now have a 100% SBA Loan! That’s right-NO MONEY DOWN! Now, this is only real estate, not business only, but if you are looking to buy a property, you can keep all your cash and still buy the building with this program – NO MONEY DOWN. WOW! Call me today on any of your commercial or business loan needs, we can usually get a pre-approval out to you in 72 hours unlike the local banks taking weeks. CALL TODAY at 512-358-1511 or get started by filling out this form