All Forum Posts by: Karen Schimpf

Where: Enid, OK

Yes, construction. We are VERY active in the multi-family market with FHA, FNMA, FHLMC loans as well as life companies and the most aggressive bridge lenders available. If you have a multi-family loan whether purchase, refinance or bridge-we can get it done! To get the ball rolling, just give Karen Schimpf a call at 512-650-8630.

I believe 2015 is going to be a great year!  I don't believe 2015 will collapse in real estate. As gasoline prices go down, interest rates will also go down, which means payments will be low.  But I agree with Cory Adams, always be prepared for the worst by building up your liquid cash reserves to weather any storm.

Type: This borrower from Australia who was NOT a US citizen needed to cash out his two smaller apartment complexes he owned in Chicago and purchase a much larger one with the money. We got him one loan against all 3 properties through a Conduit that got the job done at an amazing 75% LTV! We DO HAVE MONEY FOR FOREIGN NATIONALS-both bridge money and super low interest rate conduit money. With the depth of financing we have available to us, we can often tailor the loan to the clients specific needs! We have seen an influx of strong investor deals of late as people are rushing to take advantage of these extremely low rates-often into the 3's for the best of deals! Call Karen Schimpf today at 512-650-8630 and see if your property qualifies for the lowest rates!!!!

The reason you want a year lease is if you are thinking of financing.  Most lenders prefer to see year lease with a tenant.  Some lenders will allow month to month after the tenant has completed a year lease.  And like Matt Devincenzo said many leases have a clause that after the year lease, the lease converts into a month to month lease. 

Congrats Evan!

by Architecture, Food & One Little Beautiful Girl

$800,000 Apartment Loan Refinance W/550 Credit Score!
Kansas City, MO

Situation: There were 3 borrowers on this nice cash flowing apartment complex but one of them was in the middle of a divorce and his credit was shot. Making matters worse their loan was in default and they had only made 4 payments in the past 12 months. Yet we were able to close them with a 5 year fixed rate in the 7's on a 30 year fixed with an ALT-A lender. Probably more than any area, the emergence of the Alt-A lenders is really helping borrowers in sticky situations get done. Not with short term bridge money...but with long term financing and 30 year amortizations. If you think your loan can not get financing, or you want an option better than private money, give me a call. We fix problems and get deals closed

Give Me a Call Today to Get Your Deal Closed (512) 650-8630

• Lend Nationwide
• 1-4 Family
• Individual or LLC's
• Min. Loan Amount $100,000
• 680 Credit Score up to $650K
• 700 Credit Score up to $1MM
• 3 mo., 6 mo., or 12 mo. terms
• Up to 85% LTC/ 65% ARV
• Interest Only Payment

Give me a call today @ 512-650-8630 to discuss your deal.

If it is a great deal than you will need to find a partner.  In the meantime, you might want to consider working on your credit so you have more options available,better rates and terms.

3% down on Fannie Mae and Freddie Mac applies to owner occupied lending.  

Congrats on your first deal!