Commercial Loans Blog

When the Banks say No, We Say Yes!

February 6th, 2018 9:24 AM by Karen Schimpf

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

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