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Updated over 10 years ago on .

User Stats

900
Posts
230
Votes
Karen Schimpf
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
230
Votes |
900
Posts

Refinance of Retail Plaza in Less tha 45 Days!

Karen Schimpf
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
Posted

$3.9 Million Refinance of Retail Plaza: Selma, CASituation: Do you know where Selma is? With a population of only 23,000, Selma is a small town in the CA market. Too small.

Give me a Call Today to Get Your Commercial Loan Closed at 512-650-8630.

The borrower had a great property with good cash flow but none of the conduits or life companies wanted to go to such a small town and $3.9 million was too big of a loan for local banks to do on an investor property-especially with no major anchors in the center.

Give me a Call Today to Get Your Loan Closed at 512-650-8630.

We are a great source that brings recourse or non-recourse money to smaller populations with NO yield maintenance or defeasance, NO escrows, and NO money set aside for tenant improvement reserves. We can do loans from $1 million to $10 Million on this product and it is quick, we closed this loan in 32 calender days!

  • Karen Schimpf