Commercial Private Money Loans with Refundable App Fees

By
Mortgage and Lending with Commercial Capital Ltd.



Probably the number one complaint of private money lenders is the upfront app fees, specifically, the fact that they are non-refundable and if you don't get approved you lose the money.  Tens of thousands of people have lost app fees on deals that were not approved.  We at Commercial Capital have heard the horror stories.  So often we get deals and the borrowers tell us of the money lost chasing deals that were not deals.  Like anything, when there is a lot of pain in an area, there is opportunity.  So we are going to BREAK THE MOLD and offer REFUNDABLE APP FEES on our In-house Private money loans.

Call Now to Discuss Your Deal (512) 354-5949

We underwrite your deal and get terms out with a REFUNDABLE app fee, usually within 48 hours.  If you sign the approval to move forward the money will then become non-refundable and will go towards expenses to close.  If committee denies it, or you change your mind and don't want to move forward,  you get the money back.  Simple as that.  We accept recent bank ordered appraisals, so THIS IS REALLY THE ONLY NO-RISK OPTION IN COMMERCIAL PRIVATE MONEY LENDING.  The parameters of our private money fund:

 

Loan Amounts-$100,000-$2,000,000

 

Credit score-no hard and fast guidelines

 

LTV-60% preferred but can go up to 80% on the right deals.

 

Property Type-ANY commercial property type-marinas, golf courses, even land.

 

Rates-8-14% depending on deal strength

 

Points-2-5 points


Call Now (512) 354-5949


We get initial approval within 48 hours, closings can happen in as quick as a week but usually we are 3 weeks to close.

 

Generally speaking, we are a collateral based lender who wants to know the story.  We don't like to foreclose so we really care about the exit strategy-how you will pay us off.  If we can believe the exit strategy, and get the collateral position right, we can pretty much do the deal.  WITH REFUNDABLE APP FEES, YOU AND/OR YOUR CLIENTS HAVE NOTHING TO LOSE RUNNING YOUR DEAL BY US.

Wish you the Best,
 
Karen Schimpf
Commercial Capital, Ltd
512-354-5949
http://www.ApplyCommercialLoans.com

P.S. Does your loan need to close before year end?  With holidays coming up, most lenders are already pushing back that they may not be able to close by year end.  IF your loan is not already approved in underwriting, you may miss the year end.  WELL WORRY NOT, we can close easily by year end.  When it absolutely, positively must close, we are the surest bet in commercial.  If we approve it, we close it.  Period.

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Lending / Financial
Tags:
commercial loan
commercial loan rates
refinance apartment loans
refinance commercial loans
purchase apartment building
commercial investment property loans

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
40,424

Karen Schimpf

Property Investors Ask Me a Question
*
*
*
*
Spam prevention