$962,000 Cash-Out Refinance on a Retail Strip Center! Location — San Antonio, TX
This borrower owned a small strip center free and clear and needed capital to buy his next property. Good operator but he took every legal write-off, ran multiple LLCs, structured his entities the way his CPA told him to. The problem was two years of returns that looked like a train wreck on paper. The conventional lender looked at the income, said it didn’t qualify, and sent him on his way.
We didn’t look at his tax returns. We looked at what the property actually produced. Using a DSCR-based program, we qualified the loan on the strip center’s net operating income, pulled out $962,000 cash, and he was under contract on his next property 60 days later.
That is the whole point. The deal was always there. It just needed the right lender.
At Commercial Capital Ltd., we use our Proprietary Loan Matching Methodology to evaluate your business or your property’s actual cash flow, your deal structure, and your borrower profile, then place it with the lender whose appetite is built for exactly that situation. You should be running your business, not going bank to bank trying to find someone who will say yes. That is what we do. Some lenders go higher LTV on bridge loans. Some lenders love alt-doc and never ask for a tax return. Not every SBA lender will touch every business type, so we identify the ones who will actually close on restaurants, RV parks, assisted living, franchises, and the deals other brokers can’t place. After 20+ years in this business, we know which lender wants which deal before we ever pick up the phone. That is not something a bank can offer you. That is ApplyCommercialLoans.com.
I had a client recently who had talked to bank after bank trying to finance her startup restaurant that was using projections and couldn’t get a yes. The problem wasn’t her deal. The problem was she was talking to the wrong lenders. We knew exactly who to call.
If your deal got turned down or you haven’t tried yet because you assumed the answer was no, that’s the conversation I want. One call usually tells us everything we need to know to discuss your loan scenario at 512-358-1511.
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. We are lending on apartment and warehouse refinance deals using DSCR with no tax returns required. We can lend in tertiary markets and on properties that banks often hesitate on. If the asset and cash flow make sense, we want to look at it.
The keys for us are the asset, the DSCR, the story, and the exit strategy. If you have a refinance deal that needs a fast close or a property that’s just outside traditional bank guidelines, send it over and let’s see if we can help YOU get it done!
Call Me today to run your deal by me at 512-358-1511 or go here to get started https://applycommercialloans.com/apply-now/