November 16, 2020 By karenschimpf@gmail.com
cc: by: https://flic.kr/p/CPxDnm
Its the end the year – Time to Get Those Final Commercial Loans Closed – Quickly!
As Thanksgiving nears, it is hard to believe but there is not that much time left to close loans for this year! There are only a few weeks left in the year to close loans….Thanksgiving week is pretty much lost and the last 2 weeks of December are all but useless for most banks. In the world of commercial lending, if you are not already in process with a bank it is likely they will struggle to close you this year. But with our alternative and private money options, you can close your loan by year-end and get the money you need to capture opportunities.
Closed:
We just closed a $1,035,000 private money loan to get a client some quick cash for an acquisition opportunity that had tremendous upside. AND WE CLOSED THE LOAN IN LESS THAN 2 WEEKS! One of the beautiful things about our fund is that you can use the cash out however you want. And while bridge money can be used for everything from buying vacant buildings and getting the rehab cash to fix it up and make big profits or paying off my good friends at the IRS, the most important thing about private money is the time frame-less than 30 days to close.So whether you need to close quickly to capture a foreclosed property, you need quick cash to get your business back on track or whatever the reason, our fund was created for you. I’m the underwriter -the response time is quick and the results are closings! We are ACTIVELY seeking a few more loans to round out a successful year.