August 31, 2020 By karenschimpf@gmail.com
What’s Closing Now!
Here is a look at some recent commercial loan closings within the last 30 days. I like to post these every month or two to just give you a feel for some of the things that are happening in Commercial. The investor marketplace is particularly hot right now-it is a very active market for apartment and industrial. Two (2) of our closings in the last 30 days were investor deals. Often, these deals have some hair on them that causes other banks to struggle but we have the resources to get it done for you.We also had some franchise closings and some private money closings. The market is HOT and cranking on all cylinders. If you need a loan closed, if actually getting the money is the most important thing to you…give me a call! I will screen the deal and pre-underwrite it for FREE. Now on to some, but not all, of our recent closings……
Two Franchise Start Up Commercial Loan Closings!
Virginia and CaliforniaThese were BOTH Firehouse Subs Franchise loans and BOTH were the borrowers FIRST location. We do a ton of franchise financing including first location, expansion for their second store and beyond and even debt consolidation loans. Franchises we have worked with run the gamut from Firehouse Subs to Jimmy John’s to Papa John’s and Subways to Ace Hardware, Jiffy Lube, Minute Maid and so much more. Almost always, they get denied somewhere else and then come to us for financing.
Two Private Money Commercial Loan Closings!
Texas$1,936,000 Purchase of 5 Duplexes on One DeedFt Worth, TXThis was an investor purchase that closed just last Friday. The borrower could not get approval from Freddie or FNMA for the deal and being on one deed kept it from anything residential. HE TRIED A LOCAL BANK FIRST, got DENIED, and came to us desperate.  We found a balance sheet lender to do his loan at 70% and with good rates and we closed in time to save the deal.  FROM THE TIME THE CLIENT SIGNED THE INITIAL LOI TO CLOSING WAS 30 DAYS !$420,000 Refinance Cash Out on Land Del Valle, TX. Client needed funds for construction and utilities of an RV Park. We will allow cash out for ANY reason as long as we have an exit strategy on the loan.   Give us a call today! If you or anyone else you know needs commercial or business financing, give me a call, we can get it done!Give me a call today to discuss your deal at 512-358-1511 or complete this form to get started. –
Wishing You the Best,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 at O:512-358-1511