Tired of Waiting for your Commercial Loan to Close?
Karen Schimpf
Commercial Loan Broker | Finding you commercial loan solutions. Specialized in SBA Loan, assisted living loan, memory care loan, hotel loan, , hard money loan. Saving you the effort, call today at 512-358-1511.
Tired of Waiting for you Commercial Loan to Close?
I’m not going to lie, waiting can be annoying. You can be the most patient person in the world and yet there are times, you will be tested. The person who sped up to get in front of you and then slows down, what’s up with that? Certain delays will simply test your patience. But in the world of commercial mortgages, delays can actually COST YOU MONEY!?
How many people missed out on last month’s lower rates because banks just dragged the process on? Or the seller who does not want to wait six (6) months for an SBA 504 loan to close and sells it to someone else who can close all cash? The market is tight right now, STILL. Even with war and rising rates and disruption potential everywhere, it is still a tight market. Buyers on 1031 exchanges are struggling to find properties in the time frame allowed and often find themselves up against the wall, close in the next few weeks, or paying a 20% tax penalty. Banks just can’t close loans in a few weeks right now, they seem to all be backed up.?
In this foray, I have a new private money fund. We will do commercial loans, backed by real estate up to 90% for strong cash-flowing businesses or properties. We can close in 3 weeks or less, and you can get your Commercial Loan to close, and get refinanced out in 4 months with a total all-in of only 7%!!! Not bad for quick private money!?
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Now, this is NOT a stated income loan or a loan for bad credit or land or properties/buyers with issues. That is our original low LTV fund which we still are closing loans with. If you have a small, under $2 Million dollars tricky deal with some hair, that fund is still available-call me. BUT THIS NEW FUND IS A FULL DOC LOAN. The key is the exit strategy, my Analyst will underwrite the exit strategy, if we know we can refinance it out, if we believe in the exit strategy, we will do the loan. No long drawn out approvals, we will have commitment letters in 48 hours upon receipt of the documents.?
Fast approvals, fast closings, reasonable rates. Why not give us a call and run your deal by us? Don’t miss out on opportunities because of bank delays-let me get you closed ASAP and reap the benefits that still can be found in commercial real estate deals. Call Karen at 512-358-1511 today?or get started by filling out this form!?
Karen Schimpf
Commercial Capital, LTD
(512)-359-358-1511
karenschimpf at gmail.com??
Give me a CALL TODAY?at 512-358-1511?or get started by filling out this form!