Commercial Loans Blog

Introducing...Private Equity
"Marketplace 2.0"

 
  • Rates starting at 8.99%-Purchase or
    Refinance
     
  • Up to 70% Loan-to-Value
     
  • 24 to 36 month terms - Interest Only Payments
     
  • Multi-family, Office, Retail properties
     
  • Seller second financing allowed
     
  • Loan Amounts up to 5 Million!
     
  • Quick commitments and Closings
     
  • Only 6 month prepay penalty
     
  • Foreign Nationals ok
Commercial Capital Ltd., is proud to offer this "real" Private Equity oportunity EXCLUSIVELY to our clients.  "Marketplace 2.0" Private lending program allow quality borrowers and projects to have a workable alternative solution to hard money rates/terms.  If you loan request didn't  qualify for Conventional/SBA financing, let Commercial Capital Ltd., take a look and see if we can bring your loan to closing.
 

Karen Schimpf 
(512)-650-8630
karenschimpf at gmail.com    

Posted in:General
Posted by Karen Schimpf on May 22nd, 2018 3:27 PM
 
cc: by: https://flic.kr/p/fxvC33
 
Deal of the Week-Stated Income Mobile Home Park Purchase  
 
Type: $575,000 Mobile Home Park Purchase
Where? FL
 
About the deal.... Client came to us for the purchase of this Mobile Home Park. Mobile home parks can be very tough, especially the small ones because most lenders exclude park owned units. This usually leaves the income short for many local banks and lenders. But we have GREAT sources for these types of deals including stated income loans. This one had to close quickly as they had been down the road with another bank and were denied at the last minute. They were now in danger of losing the upfront if we did not close it quickly.
 
We were able to go stated income and close quickly and still get a rate in the 7's on a 5 year fixed with a 30 year amortization that kept the payment low enough for the client to make plenty of money. The client was happy with the speed and responsiveness and ANOTHER BANK DENIAL TURNED INTO A CLOSING. We can do these loans up to 75% STATED. Closings are less than 45 days start to finish. If you or someone you know has a smaller Mobile Home Park deal and needs help getting it closed, give us a call! Commercial Capital is the place to go when the banks say no! Give us a call today!
 
We have the fullest range of Commercial and business loans available. From Private money to non-recourse foreign national to stated income to SBA and of course, great conventional financing with some of the lowest rates around. We underwrite quickly, have terms in writing in 72 hours and do not collect an app fee to get you terms. You risk NOTHING by giving us a call. If you have a commercial or business loan need and the banks are just not doing it for you, give us a call. 

Karen Schimpf 
(512)-650-8630
karenschimpf at gmail.com      


Give me a call today to discuss your deal at 512-650-8630
Posted in:General
Posted by Karen Schimpf on May 7th, 2018 2:28 PM
 
cc: by: https://flic.kr/p/7orBcT
 
The Bank Denied Your Business Loan Application-Now What?    

Many people get denied on SBA loans and they believe that denial means they got shot down by the SBA. But the reality is that the bank turned you down. We can take that borrower, and because we have over 100 SBA lenders of all shapes and sizes, we can often get them approved for an SBA loan at the SAME RATES! In fact, over 90% of the SBA loans we close got denied by another SBA lender first! We have:

- Non-bank SBA lenders that do NOT require collateral for approval
- We can do second store financing less than a year after opening your first location
- We have conventional financing for businesses with multiple locations
- We can operate in ALL franchises even restaurants and, we can do most with only 10% down (except start-ups which always need 20% for a first location start-up)

You see, all lenders have tendencies. SO some lenders are all about the credit score and they will look past experience and other factors to do a deal for the borrower with great credit. Other banks key on experience and they are going to be more lenient on credit if the borrower has a proven track record. What I do is match the strength of the borrower with the lender most likely to approve them...the results? More approvals. We closed 3 SBA loans so far this month and all 3 got denied somewhere else first before coming to us. Check out our website www.ApplyCommercialLoans.com for many other examples of what we can do and if you are looking to start or expand your business-give me a call at (512)-650-8630

Karen Schimpf 
(512)-650-8630
karenschimpf at gmail.com      


Give me a call today to discuss your deal at 512-650-8630
Posted in:SBA
Posted by Karen Schimpf on April 23rd, 2018 4:01 PM
 
cc: by: https://flic.kr/p/5n2Wxe
 
High LTC Construction Loans  
  
 
Construction Lending is 
STILL READILY AVAILABLE!
 
A LOT of money is still available for construction projects. Although most banks and institutions are scaling back their LTC's, (Loan to Cost), because of how far along we are in the business cycle, private money lenders and bridge lenders are stepping up to fill in the gaps. We have some incredible niches including the following HOT products:
 
-Up to 100% Loan To Cost, (LTC), for ground lease purchase and construction deals

-Up to 95% LTC for single tenant net lease build to suit construction

-SUBDIVISION FINANCING based on As Finished Value, not loan to cost! This may get you financing, even for the horizontal, at close to 90-95% of cost! Super hot!

-First mortgage Bridge debt for Hotels and Assisted Living Facilities to 75% Loan To Cost! Loan amounts on the product range from $7 Million to $35 Million. Closings in under 45 days. Single digit rates! This product is perfect for deals that need quick execution and high LTV without going SBA or USDA. IN FACT, WE CAN GET 75% FINANCING ON MOST CONSTRUCTION PROJECTS!

-Green and SBA 504 Construction projects up to $25 Million! These loans will have blended rates below 6% and we can do HOTELS, self storage, Funeral Homes, Bowling alleys and many other special purpose properties. Very hot product-this will often take the Loan to Cost (LTC) up to 85-90%! With a green project, we can do SBA loans EVEN if you have maxed out your SBA eligibility. Call me to discuss ways to make your project "green" and hence, qualify for this special financing.

-LARGE PROJECT FUNDING! For construction deals $50 Million and up we can provide a combination of debt and preferred Equity/Mezzanine up to 85% loan to cost! We can get up to 65% on the first mortgage at aggressive rates and do a 20% preferred equity or mezzanine piece to round out the capital stack-super aggressive financing! In fact, we can do up to 90% LTC for Class A Multi-family in major metros on these larger projects!

And Much more. Of course, we can fund smaller projects as well. The key to using me is that I will review the loan for FREE and typically have terms in writing in 48 hours. There is no cost to get an expert second opinion and possibly, approval.

Give me a call today to discuss your deal at 512-650-8630
Posted in:General
Posted by Karen Schimpf on March 27th, 2018 10:08 AM

cc: by: https://flic.kr/p/5n2Wxe

3 Franchise START-UP Loan Closings in 1 WEEK!

Two weeks ago I closed three (3) franchise loans. Now three (3) commercial closings in one week is big. But three (3) franchise START-UP loan closings in one week is off the chart. This was three (3) loans for the same franchise...a newer franchise system to the marketplace called Burgerim.

They closed with three (3) DIFFERENT lenders. Why they closed with different lenders will teach you a lot about SBA loans and why we are so good with them. You see, many people feel like if they apply for an SBA loan with one lender and get denied, that they can not get an SBA loan. The truth is, it was the lender, not the SBA, that denied the loan. That is where we come in often closing that loan with the same SBA rates they were hoping to get from the lender that denied them, we just used a different lender. We have 100 SBA lenders in our database. My favorite lender approved one of the 3 loans that closed but passed on the other two. I then had to determine the most likely lender to close the other two. You see, all lenders have tendencies....some are all about the credit, some are all about the collateral. So I had to look at the loans and determine which lender would be most likely to do them, and the two clients had very different profiles-and so I had to take them to different lenders and that is how we got them approved and ultimately closed. What made these ESPECIALLY DIFFICULT was that it was a newer franchise company to the market-not an established brand.

When Burgerim first came to me they had two (2) locations open and wanted to expand nationally. I have now closed 20 loans for them and they are on there way to 100 stores, possibly by the end of this year. When I first took them on no one would fund them as they were an unknown. I have THE BEST knowledge and most EXPANSIVE lender sources in the country and can help ANY franchise expand their business. IF you are thinking of starting your own franchise business, or you have been denied by a bank for funding, give me a call TODAY at 512--650-8630. I close more franchise loans then any broker in the country and I remain THE PLACE TO GO WHEN THE BANKS SAY NO! Give me a call today at 512-650-8630.

Karen Schimpf Commercial Capital, Ltd. 
O: 512-650-8630
C: 512-354-5949
E: KarenSchimpf at gmail.com
www.linkedin.com/in/karenschimpf/
blog: http://bizloansconnections.com/

P.S. IF you or someone you know is looking to do an SBA loan we are the BEST place to go to first. We will have you pre-approved in 72 hours with terms in writing-and we do that for FREE. With the largest lender database and unmatched experience, we are the place to go BEFORE you hear that no. Give us a call FIRST and see if we can help you get that loan for your business-with or without collateral. One call is all you need at 512-650-8630 or e-mail me at karenschimpf at gmail.com. Talk to you soon!
Posted in:General
Posted by Karen Schimpf on March 6th, 2018 11:54 AM
 
cc: by: https://flic.kr/p/5nwgko
 
Deal of the Week!
 
 
What's Closing at Commercial Capital Limited?
 
Decided to change things up and focus on just one deal more in depth then listing a bunch of deals. This loan closed last month. 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.
 
$1,100,000 Apartment Complex Purchase!
 Location: Louisville, KY

This deal came to me from a mortgage broker in Kentucky. We are nationwide. The borrower wanted Freddie mac type rates(in the 4's) but was NOT STRONG ENOUGH TO GO FREDDIE MAC due to liquidity/net worth/experience issues. As I priced it with other conduit lenders, they were coming back in the 5's because of location and loan size and that rate was too high for this borrower. Local banks did not like that he lived in CO and was buying something in Kentucky. They all wanted him to come in with 35-40% down because he was out of state. But he needed 75% LTV. The small size created another problem as the loan amount was only $825,000 at 75%. SO I HAD TO GET A MID 4'S RATE FOR A SMALL APARTMENT DEAL WITH AN OUT OF STATE BORROWER WHO WAS NOT STRONG ENOUGH TO GO AGENCY. WE GOT IT DONE! We found a lender who did a first and a second combo pricing the first extremely low so that the blended rate came in at 4.45%! That is a 10 year fixed with a 30 year amortization. Borrower signed on and closed on time.
 
We have so many options for financing- we are correspondents for life companies, conduit lenders, banks, credit unions and all the stated and alternative lenders as well as private money bridge financing. We really are a one stop shop for all of your commercial and Business loans as we are one of the largest closers of SBA loans in the country. We have a particular knack for franchise start-up financing and half my pipeline are these types of loans. Most loans come to us after the banks have said no and yet we still get them done with bank rates-we just choose the right bank for the scenario from the 200 options we have nationwide. So when you need a commercial or business loan, think of Commercial Capital. We are the place to go when the banks say no. It costs NOTHING to run your deal by me, just give me a call or e-mail me.  Have a blessed week!


Sincerely.

Karen Schimpf 
Phone:512-650-8630
Email: karenschimpf at gmail.com


p.s. Although we have FHLMC and FNMA apartment loans available, we also have loans with less headaches and still fantastic rates. Along with direct bridge loans , mezzanine, and more-Commercial Capital is your one stop shop for all your commercial lending needs. We offer free pre-qualifying and can usually have you terms in writing in 72  hours or less! Give us a call today at 512-650-8630
Be blessed!  
 
 
 
 





Posted in:General
Posted by Karen Schimpf on February 13th, 2018 2:28 PM
Commercial Capital Limited (a division of Nexus Financial) has been providing business & commercial loans to business owners & investors since 2000. Every one of those borrowers were denied by a previous lender or bank. We have dozens of programs & structures we can approach depending on the strengths & weak of each client. Give me a call if you want us to see what type of terms we can provide to your client or to you directly! With the right documents, It only takes us 72 hours to underwrite & have terms in writing to you. 
 
Below are some programs we work with & property types we focus on:
  • SBA 504
  • SBA 7A
  • Conventional investor loans
  • Conduit loans
  • Private / hard money
  • Construction loans 
 
Properties:
  • Retail
  • Medical 
  • Multifamily (+5 units)
  • Strip Malls
  • Office & Office complex
  • Warehouse / Industrial
  • Hotel
  • Assisted Living
  • Gas Stations
 
We bring the financing sources from across the country to local businesses & investors. We can help overcome the small issues that help get your loan to the closing table! Here is an example on a previous closing of mine. 

A retail plaza located in Atlanta, Georgia had been denied by pretty much everyone despite the fact that the borrowers were VERY strong.  The reason?  Because the seller kept horrible financials.  On a deal of this size, if you are not sure of the financials, it is hard for institutions to step forward.  They had tried for 8 months to get this loan done at numerous places before bringing it to me.  I found a Credit Union out of Chicago that looked more at the buyer's strength then the property.  Although we had every imaginable hurdle including the seller trying to cancel the transaction the week prior to closing, we persevered and got the property closed.  When most lenders say no, we say yes.  Almost 100% of our closed loans were denied somewhere else BEFORE coming to me. Give me a call if you have a scenario to discuss!

Sincerely.

Karen Schimpf 
Phone:512-650-8630
Email: karenschimpf at gmail.com 
Posted in:General
Posted by Karen Schimpf on February 6th, 2018 9:24 AM

cc: by: https://flic.kr/p/8ttaHC
Posted in:General
Posted by Karen Schimpf on January 22nd, 2018 2:50 PM
 
cc: by: https://flic.kr/p/oQZQF4 
 
Multi-family Lending Stays Hot! 
 
 
What's Closing at Commercial Capital Limited?
 
For years, multi-family lending has been the darling of commercial lending.  It remains the favored asset class despite years of rallying.  It is not unlike the stock market, just keeps going positive.  FNMA and FREDDIE Mac are the big coveted lenders in this space and we have a closing this week on that product, it is a great product.  THERE ARE OTHER OPTIONS AS WELL THAT HAVE GREAT RATES ALSO AND LESS PAPERWORK.
 
Let's face it, at the end of the day, Freddie and FNMA are still government backed loans, which means government led paperwork.  Time frames are longer, and the documentation requirements are intense....but the rate and terms rock so the programs stay hot.  But for a marginal increase in rates, you can get Conduit or Life company or even bank financing on your multi-family deal and a LOT less paperwork.  Conduit loans, which are loans sold off in the secondary market, (i.e.,Wall Street), can often close in 35 days!  We are still talking rates in the 4's on Multi-family.  It is a fantastic product.
 
Bank and life companies continue to stay aggressive in the multi-family space.  For rehab projects, the bridge money available for good multi-family products can even get into the 5's!  FOR BRIDGE!  We have access to all this capital at Commercial Capital.  We can bring you the best rates from around the country to your project or property.  From Wall Street to Main Street as I like to say.  One call gets you access to it all and there is NO COST to get an approval in writing, we often can provide that within 72 hours.  That's right, a no risk pre-approval within 72 hours.  So if you are looking for money for your commercial deal, or you know someone who is looking to invest in this hot multi-family market, give us a call at 512-650-8630.  One call does it all.  Give us a call today!

Karen Schimpf
Commercial Capital, Ltd.
O: 512-650-8630
C: 512-354-5949


P.S.  P.S. Although we have FHLMC and FNMA apartment loans available, we also have loans with less headaches and still fantastic rates.  Along with bridge, mezzanine, and more-Commercial Capital is your one stop shop for all your commercial lending needs.  We offer free pre-qualifying and can usually have you terms in writing in 48 hours or less!  Give us a call today at 512-650-8630.  Be blessed! 
  
   
Posted in:General
Posted by Karen Schimpf on January 8th, 2018 11:29 AM
If you and the seller agree on the rate and terms, I suggest you utilize a note company to track your note payments, taxes and insurance.  Running your note payments through a note company will do two things for you.  First, you will have proof via the note company that you made your payments on time for when you need to refinance the seller note.  Secondly, the note company will make sure your payments were applied towards the seller note.
Posted in:General
Posted by Karen Schimpf on December 13th, 2017 9:50 AM
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