What’s Closing Now!
We are having a really good year here at Commercial Capital with lots of closings and volume. The most active lending right now seems to be in SBA and Private Money as banks continue to tighten but there ARE some strong banks out there and we have closed loans in the last 45 days with local banks….some examples of these various closings are below……
$3.05 Million SBA Construction Loan-Gas Station/Convenience Store
This was a construction loan for a gas station/convenience store that had burned down. The insurance money was not enough to re-build the property with the costs where they are today and they had to get financing from us. It was also located in a smaller populated area making it even tougher. But we closed! We Have SBA Construction Loans Up To 90% Loan to Cost (LTC)!!!! That’s right-90%! We have non-sba construction money up to 75% LTC. IF YOU HAVE A CONSTRUCTION LOAN YOU ARE TRYING TO PLACE, CALL THE EXPERTS. We are the place to go when the banks say no– call Karen at 512-358-1511 or https://applycommercialloans.com/apply-now/
$1.3 Million Purchase of a Gas Station-INVESTOR!
This was one of the local bank deals we closed. Low LTV, great credit, but it was an investor gas station purchase-SUPER hard to get done. We did it at a smoking FIXED RATE in the 6%!
$500,000 Private Money Loan to bridge the gap until SBA could close
We have two (2) private money funds in-house, one is what you typically think of as private money for-low LTV, issues that make it hard for banks to do, etc. We have been getting very busy of late on that fund. The other one is a HIGH LTV bridge loan to an SBA or bank takeout. In this case, the deal came to me from a CDC that needed about four (4) months to close but the seller would not do the deal if it didn’t close in three (3) weeks. So we took it in and got it funded FAST. Our exit will be a takeout by the SBA in four (4) months. We only have a 4-month pre-pay so it makes for a viable option for lenders who are backed up or for SBA loans.
When it comes to commercial or business loans-we are the place to go. SBA,
CONSTRUCTION, PRIVATE MONEY, GREAT BANK RATES, we have it all!
Call Karen at 512-358-1511 or click here to get started.
PS. We offer Equipment Leasing for start-ups and existing businesses in the construction, trucking, manufacturing, and medical industries. With a credit score of 680 or higher, start-ups can access up to $100,000. For businesses with at least 2 years of history and a credit score of 640 or higher, funding of up to $240,000 is available.
P.S. P.S. WE have money and we do not charge ANYTHING to get you to that
term sheet. That’s right, we are the ONLY NO-RISK OPTION IN
COMMERCIAL. I will underwrite your loan and, quickly determine whether
we can get it closed or not. If so, we will have terms within 72 hours from
receipt of the basic docs. No cost, no risk. We close you or we make
NOTHING. IF YOUR CURRENT BANK IS SAYING NO OR WORSE…TAKING FOREVER TO DECIDE, GIVE ME A CALL TODAY. I will have quick answers and, you’ll be on your way to a closing-just call Karen at 512-358-1511. Give me a call today!
Karen Schimpf
(512) 358-1511
karen@applycommercialloans.com
www.ApplyCommercialLoans.com
Give me a CALL TODAY at 512-358-1511 or get started by filling out this form!
