We can do some crazy loans over here, and not just in our private money fund. For example:
-We just got approval on a $10 Million business acquisition. It’s an SBA first for $5 Million, a pari passu second for $4 Million, and a $1 Million line of credit. We can do these with NO collateral if there is none available. That’s right-$10 Million business-only loans available with no collateral!
–We can do credit scores down to 575 with real estate collateral at 75% on the SBA 7A program! Many hard money lenders don’t touch deals in the 500’s anymore but we can get it done with SBA rates!
–We have Private money loans on cash-flowing investor deals into the 8’s if the deal makes sense. We closed one with 32 duplexes on one deed that no one wanted to touch because of location and condition. But we got that one done.
–We have a mezzanine, JV Equity, and other creative capital to acquire all property types, even hotels! NOT GROUND UP. It must be existing property.
-We have fixed rate SBA 7A rates down to 7%-FIXED!
-Our internal private money fund will go all the way down to a loan amount of $100,000 and we can do special use property types AND tertiary markets. We can do cash out with no strings on the money. We just closed an $800,000 cash-out loan to a borrower just so he has some cushion as he continues building his Dollar Generals. No strings use the money how he wants.
Yes, there is toughness out there but we are getting deals done. We closed eight (8) deals last month and could double that this month with commercial closings, no residential. Most of them SBA and private money. If you need money, if the bank just turned you down, if you need help getting to the finish line, we are the place to go when the banks say no.
Give us a call today to discuss your commercial finance needs or get started by filling out this form!
Karen Schimpf
(512) 358-1511
karen@applycommercialloans.com
P.S. AS YOU CAN SEE- WE ARE OPEN FOR BUSINESS AND OUR VOLUME IS STILL HIGH….SEND ME THOSE LOANS. We are the place to go when the banks say no. SO Call 512-354-1511 https://applycommercialloans.com/apply-now/