All Forum Posts by: Karen Schimpf

@Bill Gulley is right on.  You need to find your niche market.  I highly recommend reading a book called Blue Ocean Strategies by W. Chan Kim and Renée Mauborgne.  The book is about how entrepreneurs can succeed by not battling competitors, but rather by creating ″blue oceans″ of uncontested market space. 

Wishing you the Best!

Where: Chicago Type: This one was done on our private money fund. The borrower was Canadian and he needed to tap the equity in his Chicago Apartment complex to purchase another complex. He had tried some other brokers he thought were lenders and, they did not come through for him. You have to be careful. There are a lot of brokers that try to pass themselves off as lenders and they look and smell like real lenders. The question you need to ask is… Do they service their own loans? Our private money fund is the lender, they collect the checks and, if the loan goes bad… they have to foreclose. It is real private money lending. Because of their failure to get his deal done, he was now in danger of losing the property. If he did not get the cash out in 3 weeks, he was going to miss out on the incredible deal he was getting since the seller had an all cash offer as a back up.

Call Me a Call Now to Discuss Your Deal (512) 650-8630

We got it done and, got him his money. Even though he was NOT a US citizen and did NOT have a green card or US credit. We can fund these types of loans and most all of our loans in less than 3 weeks. We can get you closed! Call me today at 512-650-8630.

Wishing You the Best,

Karen Schimpf
Commercial Capital, Ltd.
p: 512-650-8630
e: KarenSchimpf at gmail.com
www.linkedin.com/in/karenschimpf/
blog: http://bizloansconnections.com/website: http://applycommercialloans.com

P.S. When the Bank Says No, Come to Me to Get Your Deal Closed. I specialize in Small Business Administration Loans (SBA), Foreign National Loans, and Private Money Loans. I help entrepreneurs attain financing for their business or project. I BRING 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.

Thank you Ben.  Give me a call so we can discuss what you do.

HUD loans make sense on $3MM+ due to the cost. A HUD loan allows a multifamily unit to cash flow very well!

HUD's loan to value is 83.3%. The advantage of a HUD, has the highest LTV in the market, the rate is in the mid to high 3's, , the rate and term is fixed for 35 years, it is non recourse, assumable, no defined financial capacity requirements, no geographic restriction, and no minimum population requirements.

The disadvantages are longer process times (4+ months is typical), higher fees, mortgage insurance premiums, annual audited operating statements required, replacement reserve escrows required, HUD property inspections required, and owner distributions limited.

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Wishing You the Best,

Karen Schimpf
Commercial Capital, Ltd.
p: 512-650-8630
www.linkedin.com/in/karenschimpf/
blog: http://bizloansconnections.com/

website: http://applycommercialloans.com

P.S. When the Bank Says No, Come to Me to Get Your Deal Closed. I specialize in Small Business Administration Loans (SBA), Foreign National Loans, and Private Money Loans. I help entrepreneurs attain financing for their business or project. I BRING 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.

HUD loans make sense on $3MM+ due to the cost. A HUD loan allows a multifamily unit to cash flow very well!

HUD's loan to value is 83.3%. The advantage of a HUD, has the highest LTV in the market, the rate is in the mid to high 3's, , the rate and term is fixed for 35 years, it is non recourse, assumable, no defined financial capacity requirements, no geographic restriction, and no minimum population requirements.

The disadvantages are longer process times (4+ months is typical), higher fees, mortgage insurance premiums, annual audited operating statements required, replacement reserve escrows required, HUD property inspections required, and owner distributions limited to two times a year.

Hope this information helps.

$1.6 Million Rate and Term Refinance of a Ranch in a Remote Location

Location: Llano, Ca

Borrower had bought the ranch less than a year ago with private money from someone she knew and put some good money down and then found a strong Hollywood Studio to rent it. But the private money lender was pushing to get paid off or was threatening foreclosure. Lenders were passing on the loan for a bunch of reasons including a remote location (Llano has a population of 1200 people), a property that is mostly land, and a remote borrower living in another state with just marginal credit worthiness. We found a small private money lender who only dealt with loans in southern CA and liked the strong tenant and cash flow on the property. She got a great rate and again, a closing in less than two weeks. We are lining up a USDA loan for her right now to refinance out of this bridge loan in less than four months. The borrower keeps the property, the cash flow and continues to build her wealth. Everyone wins! If you have an odd property…. we can likely get it done and FAST!!

Wishing You the Best,

Karen Schimpf
Commercial Capital, Ltd.
p: 512-650-8630
e: KarenSchimpf atgmail.com
www.linkedin.com/in/karenschimpf/
blog: http://bizloansconnections.com/website: http://applycommercialloans.com
P.S. When the Bank Says No, Come to Me to Get Your Deal Closed. I specialize in Small Business Administration Loans (SBA), Foreign National Loans, and Private Money Loans. I help entrepreneurs attain financing for their business or project. I BRING 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.

Finance the purchase of your vacation rental has never been so EASY!
- 1 to 4 units
- 650+ credit scores
- Minimum Loan amount is $250,000 to $2,000,000
- Population 25,000 or within 25 miles of city of population of 100,000
- 70% Loan to value
- Reserves of 3 months PITI
- Source and Seasoned Reserves
- Purchase Only

Give Karen a call today at 512-650-8630

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Wishing You the Best,
Karen Schimpf
Commercial Capital, Ltd.
p: 512-650-8630
e: KarenSchimpf at gmail.com
www.linkedin.com/in/karenschimpf/
blog: http://bizloansconnections.com/
website: http://applycommercialloans.com

P.S. When the Bank Says No, Come to Me to Get Your Deal Closed. I specialize in SBA and Alternative Commercial Loans. I help entrepreneurs attain financing for their business or project. I BRING 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.

Blanket Loans

	Guarantors	Non - Guarantors
Minimum Units	5 properties	5 properties
Loan Size	$500K - $5MM	$3MM - $50MM
Term	5, 10 and 30 Years	5, 10 and 30 Years
Amortization	Up to 30 Years	Up to 30 Years
LTV	Up to 75%	Up to 75%
Leased Up %	90%+	90%+
Seasoned Cost Basis (acquisition plus verifiable rehab costs)	3 months less 75% CB 4-6 months 80% CB 7–12 months 90% CB 12 months+ up to 75%LTV	3 months less 75% CB 4-6 months 80% CB 7–12 months 90% CB 12 months+ up to 75%LTV
LLC Entities	Required	Required

• Types of Transactions are Purchase, refinance and cash out
• Types of Properties: condos, single family residence, duplexes, apartments
• Location of the properties can be spread out between different states
• Loan to value goes up to 75% LTV.
• Minimum loan amounts are $150,000, $500,000, $50MM.
• Minimums: value is $50K and 750 sq ft. for the $150,000 Loan Program
• The $150,000 minimum loan program does not allow any multifamily
• The $500,000+ program allows multifamily in the program.
• Non Recourse is allowed on loan amounts around $3MM+
• Minimum Number of Units is 5
• Must be leased up 90%
• Terms are 5, 10 year balloon and 30 year.

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Wishing You the Best,
Karen Schimpf
Commercial Capital, Ltd.
p: 512-650-8630
c: 512-354-5949
e: KarenSchimpf at gmail.com
www.linkedin.com/in/karenschimpf/
blog: http://bizloansconnections.com/
Website: http://ApplyCommercialLoans.com

P.S. When the Bank Says No, Come to Me to Get Your Deal Closed. I specialize in SBA and Alternative Commercial Loans. I help entrepreneurs attain financing for their business or project. I BRING 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 or C:512-354-5949 to get your loan closed.

I agree.

First, understand that “not paying rent” is a serious thing

It always surprises me when a landlord waits a whole month to evict a tenant or tries to work it out with the tenant by letting them pay late. Owning an investment property is a business and it should be run like a business.  

Great article.

cc: by https://www.flickr.com/photos/mlinksva/13977162506... This loan closed on April 30th. By explaining this deal a little deeper, I think you can get some insights into just what we are able to do here at Commercial Capital.$3.35 Million Purchase and mild renovation of Golf Course & Land!Location: North GA Mountains Give me a CALL TODAY at 512-650-8630 This loan first came to us in early February looking for a private money loan. We liked the deal so much, we were going to issue a commitment on the loan from our private money fund when I told them that I could get the deal done conventionally for them if they had time. The borrowers had great credit and experience and over a million dollars to put into the transaction. The golf course actually MADE a net income of over $300,000. So the golf course alone was worth the $3 Million price at a 10 cap but, the kicker was the clients also got all the lots around the golf course-free land they could develop-it was a very solid deal. When I told them I could get them conventional they told me that many banks had denied the loan but, I KNEW I could get them done. Give me a CALL TODAY at 512-650-8630 I took the loan in and immediately called local banks in the North GA Mountains and none of them would touch the deal because the developer had gone under and they saw it as a failed development-despite the fact that the Golf Course cash flow supported the loan all by itself. I noticed that the borrower had almost $1 Million with a local bank in GA and I knew the VP's at that bank and discovered that the client had already applied there and been denied because they did not want to take a chance on a golf course 75 miles away-DESPITE ALMOST A MILLION DOLLARS ON DEPOSIT AT THAT BANK. I knew conduits and life companies were not going to be interested in a golf course/development deal but, I found a credit union willing to do the deal. I packaged it, submitted it, talked it through underwriting and got the approval. A 5 year fixed at 4.95% on a 25 year amortization at 65% LTV and NO pre-payment penalty. They came to me desperate looking for Private Money close to 10% and I got them fixed under 5%! The loan closed in less than 2 months start to finish! Give me a CALL TODAY at 512-650-8630 ALMOST EVERY LOAN I CLOSE GOT DENIED SOMEWHERE ELSE BEFORE COMING TO ME and yet usually, I can get them approved at the same rates they were hoping to get at the place that denied them. The big banks are denying 80% of their loans and the local banks are denying 50% yet many of those deals are STRONG deals. They just don’t have the right lender. If you have been denied or know someone who has been denied by a lender or bank, give me a call. We close 80% of the term sheets we issue so your chance of success is MUCH greater with us and usually, the rate is the same or better. Just one call does it all at 512-650-8630.

P.S. When the Bank Says No, Come to Us to Get Your Deal Closed. I specialize in SBA and Alternative Commercial Loans. I help entrepreneurs attain financing for their business or project. I BRING 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 or C:512-354-5949 to get your loan closed.