$255,000 Commercial Cash-Out Refinance
Location: ALThe borrower inherited this property so he had no skin in the game. He wanted to pull commercial cash out to use for other investments and only a little bit of window dressing on the property. The property was located in a tertiary market with a 2,000 person population AND most of the tenants were on short-term leases. Even though he had good credit, no bank will go cash out in that scenario and no private money guy will go to a tertiary market with a weak retail center. BUT we mitigated the risk with a very low LTV (40%) treating it as if it was vacant. The center had value, the appraisal supported it and we moved forward with the loan. In the end, we got it done. We got it closed…we execute.If you want fast approvals and fast closings, there is just one number to 512-358-1511.Â
Karen Schimpf
| Commercial Capital LTD |
| e:Â KarenSchimpf at gmail.com s:Â Â https://www.linkedin.com/in/karenschimpf/ w:Â Â www.applycommercialloans.com/ m:Â 512-358-1511 |
P.S. My niche is in helping finance SBA Start-Ups, finance Special Use Commercial Properties, Apartment Loans and Hard Money Bridge Loans. I BRING COMMERCIAL 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 so you can get your loan closed