All Forum Posts by: Karen Schimpf

Did you see this video by Jill Konrath about what is killing your sales success.  Click here to see the short video.  http://www.jillkonrath.com/sales-blog/important-research-on-email-that-impacts-your-sales-productivity

@Peggy Liu like @Karen Margrave said LoopNet and CoStar cost a lot.  There is a new service coming out called  www.RealMassive.com for $65.00 a month. 

@Tracy Stein great post!   This will help buyers and sellers understand that a 30 day closing is no longer possible.  If they know it will now take 45 days than the stress level will go down for everyone.  

@Joe J. owner carry is your option if you do not have the desire or ability for the down payment and the reserve requirement.  When you are doing an owner carry be aware that you most likely will over pay for the property.  I would suggest you get an appraisal to find out how much you will be over paying.  I also recommend you collect from the seller the current rent roll and last years tax returns on the property.  You want to make sure the deal not only will cover your payment but that it will cash flow.  If the seller carry payment does not allow the property to cash flow than what is the purpose of buying the property?  If your goal is to flip it be aware it might be difficult to flip the property does not cash flow.  Don't buy a property just for the sake of buying a property.

Good luck to you.

This past week the owner of Commercial Capital Ltd. was at a lender conference in Miami. At the conference were representatives, VP's and partners in firms both public and private that represent over a trillion dollars worth of lending capacity. These firms collectively control many trillions in real estate and cash. Needless to say, these were some big money folks. The general sense the owner of Commercial Capital Ltd. got from them was interesting.

Give me a CALL TODAY at 512-650-8630

Almost across the board-NONE of them felt like a disruption in the economy would happen any time soon. Most felt confident that we had at least 3-5 years of continued expansion. They based their opinions on the sheer money that is available to lend, and core things like rent growth and momentum. Collectively, there has been more money raised and sitting poised to deploy into deals than any of them can remember. THEY ALL WARNED THAT ANYTHING COULD HAPPEN, they acknowledged that there are global concerns that could trip everything up, but barring something like that...they felt VERY GOOD about the economy over the next 3-5 years. I must be honest, that is a longer time span than I myself thought. SO this was encouraging. Some other interesting nuggets from the conference....

-Despite having more money available to deploy into deals, most lenders are NOT significantly changing their underwriting criteria. They may be a little more aggressive than they were a year ago but they have NOT thrown caution to the wind. Underwriting is no where close to the crazy that was happening in 2006 and 7 that helped facilitate the 2008 debacle. Banks are actually MORE regulated now and hence....Click Here to Continue Reading http://www.applycommercialloans.com/%20What%20the%20Big%20Money%20Thinks%20on%20the%20Economy!

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Wishing You the Best,

Karen Schimpf
Commercial Capital, Ltd.
p: 512-650-8630
c: 512-354-5949
e: KarenSchimp at gmail.com
www.linkedin.com/in/karenschimpf/
blog: http://bizloansconnections.com/
website: http://applycommercialloans.com
P.S. Who do you know needs a commercial loan? I specialize in Small Business Administration Loans (SBA) and Commercial Loans. I help entrepreneurs attain financing for their business or project. I BRING COMMERCIAL MONEY FROM AROUND THE COUNTRY TO LOCAL MARKETPLACES INSURING THE MOST LIKELIHOOD OF CLOSING. The key is placing the borrower with the lender that most suits that borrower's strengths. I do it better than anyone. Give me a call today at O:512-650-8630 to get your loan closed.

Do you think it is a good time to buy an apartment building? Or will we see more renters buying homes?   According to Bloomberg 11.3 million renters are competing for 7.3 million units that are affordable to them.  Click here to see the article http://www.bloomberg.com/news/articles/2015-09-21/the-rent-crisis-is-about-to-get-a-lot-worse   What are your thoughts?

@William Wong Foreign National loans for COMMERCIAL PROPERTIES are typically anywhere from 50% to 75% loan to value (exceptional strong 80% LTV). The loan to value, rate and terms will depend on how much you can provide of the following:

US bank account
Liquid assets
Credit
US Credit Score above 680
Own US Property
US Tax Returns
Identified Property Management Company
Some lenders require property to be in an area that has a population of 100,000
Green card 
Loan amount typically $750K+

Hopes this helps.

@Shawn Connors if you are not familiar with commercial real estate why start with such a hard project? If you are going to get into commercial real estate maybe start with a small apartment or office building that is cash flowing. 

@Adam 

@Adam T. Veitenheimer  I would call the college and ask if they have board where you can post rentals. 

Wow the office building sounds like a deal! Fyi if you were attempting to get a loan through a bank you would need to be a personal guarantor on the loan, you wouldn't get those terms and rate from a bank, and you would need to put 20% to 25% down.  This deal is too good to be true.  It could be a red flag. I recommend you have an appraisal done to make sure you are only paying $140,000 above market and lastly and MOST IMPORTANTLY I would have your own attorney represent you in the transaction.  The sellers attorney has only have their clients interest at heart not yours.