Construction Loans and CASH OUT on O/O Properties!
$2,050,000 Construction loan to purchase & construct self-storage facility in Texas
This one got 80% because it was his FIRST Self Storage project. He owned the land which was basically his equity and we got him the money to fully construct. VERY LITTLE OUT OF HIS OWN POCKET! WHAT ASSETS ARE YOU SITTING ON THAT CAN BE LEVERAGED FOR FUTURE INCOME? It’s time to think about these things…rates aren’t going down quickly….start thinking about the future now.
Cash Out on Owner-Occupied Properties….
In Commercial lending, Owner-Occupied properties are when the business that our borrower owns occupies more than 51% of the property, they don’t live there, their business is there. Many of these borrowers bought the properties with SBA 7A loans with rates that are somewhere around 10-11%. WE CAN REFINANCE AND CASH OUT 20% OF THE APPRAISED VALUE FOR YOUR BUSINESS TO BE USED FOR ANYTHING FROM SALARIES TO DEBT CONSOLIDATION AND CAN DO IT UP TO POSSIBLY 85% LTV WITH FIXED RATES BLENDED AROUND 7%. If you are paying adjustable rates above 10% and can save 3% AND get cash out! This is a NO-BRAINER. You will get money and potentially PAY LESS per month! Wow!
WE CAN EVEN DO SPECIAL PURPOSE PROPERTIES LIKE CAR WASHES and still get you cash out up to 20% of the appraised value for Eligible Business Expenses.
So give me a call today to run your scenario and see just what we can save you. STOP waiting on the Fed to lower rates, even if they lower them later this year, it will be a quarter percent here and a quarter percent there, it won’t be 3 FULL percent less like a refinance can do for you. So give me a call today at 512-358-1511 or go here t I will crunch the numbers and see what we can save you! Give me a call today!
Brian
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
www.ApplyCommercialLoans.com  Â
Karen Schimpf
Commercial Capital, Ltd.
O: 512-358-1511
E: karen at ApplyCommercialLoans.com
www.linkedin.com/in/karenschimpf/
blog: http://bizloansconnections.com/
website: http://applycommercialloans.com
P.S. Looking for a construction loan? Look no further! We’ve got you covered with our one-stop-shop service. Our construction rates can start as low as 8%, and with some of our products, you can secure up to 90% LTC.
P.S. Approved Commercial Correspondent Loan Broker | Help with SBA Loan, restaurant loan, foreign national loan, apartment loan, hard money loan. Committed to supporting businesses and property owners. If you’ve faced rejections from your local bank, we offer a diverse portfolio of commercial loan products tailored to your needs. With our expertise and industry connections, we improve your chances of securing financing, often providing more favorable rates and terms than traditional banking institutions. Give me a call today at 512-358-1511 or schedule a 15 or 30-minute phone call directly on my calendar at a time that works for you? You can do so HERE https://calendly.com/karenschimpf/15min.
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