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All Forum Posts by: Karen Schimpf

Karen Schimpf has started 548 posts and replied 866 times.

Post: SBA 504 Refinancing for Business Owners

Karen Schimpf
Pro Member
Posted
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
  • Posts 890
  • Votes 230

The article discusses the potential benefits of SBA 504 refinancing for business owners who own the property their business operates in. It highlights a scenario where refinancing can lead to significant monthly savings, especially for those with adjustable SBA 7A loans. By refinancing, businesses can secure a fixed blended SBA rate, potentially saving thousands of dollars each month. Additionally, the article mentions the option of borrowing for eligible business expenses (EBE), allowing businesses to access cash for operating expenses while still lowering their monthly payments. Karen Schimpf, offers a consultation to help determine if refinancing is the right choice for individual businesses. To read the whole article, visit: https://applycommercialloans.com/i-forgot-all-about-this/ 

Karen Schimpf 

Commercial Capital, Ltd.

O: 512-358-1511

E: [email protected]

www.linkedin.com/in/karenschimpf/ 

blog: http://bizloansconnections.com/ 

website: http://applycommercialloans.com 

P.S. Our hard money loans cater to both owner-occupied properties and investors seeking cash-out scenarios or purchases. We accommodate various property types, including Airbnb rentals, restaurants, apartments, retail spaces, single-tenant units, and more.

Post: Understanding SBA Equity Injection for Partner Buyout

Karen Schimpf
Pro Member
Posted
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
  • Posts 890
  • Votes 230

Unlock the secrets of SBA Equity Injection for Partner Buyout in this concise video, demystifying complex financial maneuvers with clarity and insight. Gain the knowledge needed to navigate the intricacies of equity injection strategies for successful business transitions.

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. Our hard money loans cater to both owner-occupied properties and investors seeking cash-out scenarios or purchases. We accommodate various property types, including Airbnb rentals, restaurants, apartments, retail spaces, single-tenant units, and more.

Post: I Forgot All About This!

Karen Schimpf
Pro Member
Posted
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
  • Posts 890
  • Votes 230

https://flic.kr/pPicture5Su9wi

I attended an SBA conference last week and one of the classes talked about SBA 504 refinancing. I had forgotten all about that! I have been so busy with purchases and expansions that I forgot about the 504 refinance- BUT IF YOU OWN YOUR BUSINESS AND OWN THE PROPERTY YOUR BUSINESS IS IN, THIS COULD BE A HUGE VICTORY FOR YOU-ESPECIALLY IF YOU HAVE AN ADJUSTABLE SBA 7A LOAN. Let me give an example….

The building you own is worth $2 Million and you owe $1.2 Million. You have a prime plus 2.5% interest rate (11%) on an SBA 7A loan, your payment is $11,761. Assuming it qualifies for refinancing, (we will determine when you call), you could get a FIXED blended SBA rate of about 7% which would save you OVER $3200 a MONTH. IF you run 10% margins, that is like making an extra $32,000 a month! BUT YOU CAN JUICE THIS EVEN MORE BY BORROWING FOR ELIGIBLE BUSINESS EXPENSES or (EBE). You can go up to 85% with cash out for EBE. The EBE can not exceed 20% of the appraised value so in this example, $400,000 cash out (20% of $2 Million value) but you can use that for operating expenses you have currently or are coming up in the next 18 months including salaries, rent, utilities, business lines of credit AND business credit card debt.

If you do this, the loan would be $1.6 Million, the blended rate would be around 7% and your payment would be $11,308. THAT’S RIGHT, you could PULL $400,000 CASH OUT AND STILL LOWER YOUR PAYMENT THAT YOU ARE CURRENTLY PAYING NOW!!!! It’s like free money for your business. Now listen, if you are in strong financial shape, don’t pull out the extra money, just refinance the debt and save over $3,000 a month. But if you are a little tight, and a lot of businesses are right now, this is a way to tap your equity and possibly KEEP YOUR PAYMENT THE SAME. WOW!

To find out if refinancing is right for you, GIVE ME A CALL TODAY at 512-354-5949 or go here to start https://www.applycommercialloans.com/. We will run the numbers, see if it is eligible, let you know your savings, and discuss if it is worth doing. Just one call or e-mail and we will help you figure it out of course, a free consultation. Give me a call today!

Karen Schimpf

(512) 358-1511

[email protected]

www.ApplyCommercialLoans.com

Give me a CALL TODAY at 512-358-1511 or get started by filling out this form!


Slash Credit Card Processing Expenses, Supercharge Profits!

Reduce your restaurant's credit card processing fees now!

Learn the secrets to maximize savings without sacrificing quality. Get started now.

https://flic.kr/p/pmsBHF


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. Hard money loans provide quick financing secured by real estate, favored by investors for their flexibility. Property types ideal for Airbnb include luxury apartments, beachfront villas, and cozy cottages, each offering unique rental income potential. Foreign nationals investing in Airbnb properties should consider legal and tax implications specific to the target country. We've got you covered to keep your restaurant thriving. CALL TODAY at 512-358-1511 or get started by filling out this form

Post: Michael's Austin Cafe Buyout Journey: A Tale of Resilience and Success!

Karen Schimpf
Pro Member
Posted
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
  • Posts 890
  • Votes 230

Discover Michael's journey to cafe ownership in Austin. Overcoming financing hurdles, he secured the buyout with just a 5% equity injection. A tale of resilience and dreams fulfilled. #SBASuccess #CafeBuyout Call Karen today at 512-358-1511

Post: Hard Money Refi Cashout

Karen Schimpf
Pro Member
Posted
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
  • Posts 890
  • Votes 230

                                                                                                                      https://flic.kr/phttps://flic.kr/p/aySEfE5Su9wi

In Austin, Texas, a warehouse owner faced a problem when the bank rejected their request to refinance their property for $3 million, which involved $1 million in unwanted cash out. Undeterred, the owner decided to try hard money refinancing with Commercial Capital LTD to make the most of their $6 million property value.

Within weeks, Commercial Capital LTD secured a $3 million cash-out refinance loan at a favorable 9.99% interest rate. With interest-only payments, this innovative financing not only paid off the existing loan but also funded property upgrades and provided additional liquidity.


Commercial Capital LTD's flexible approach matched the owner's needs perfectly, proving that hard money lending can be a great way to take advantage of opportunities and make the most of property investments, even when things change. Give us a call today to discuss your commercial finance needs
or get started by filling out this form!

Karen Schimpf

(512) 358-1511

[email protected]

www.ApplyCommercialLoans.com

Give me a CALL TODAY at 512-358-1511 or get started by filling out this form!

P.S. Elevate your restaurant business with SBA loans, providing tailored financial solutions for growth and success. Need working capital to fuel your culinary ventures? We've got you covered to keep your restaurant thriving. CALL TODAY at 512-358-1511 or get started by filling out this form

https://flic.kr/p/pmsBHF

Cut Credit Card Processing Costs, Boost Profits!

Lower your restaurant’s charge card processing fees today!

Discover how to save more without compromising quality. Get started now.

Post: The Quiet Life

Karen Schimpf
Pro Member
Posted
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
  • Posts 890
  • Votes 230

Embark on a journey with Karen Schimpf, your esteemed Commercial Loan Solution Specialist, as she imparts wisdom on navigating life's challenges and finding peace. Delve into more insights and discover financial solutions to elevate your business at www.ApplyCommercialLoans.com. For personalized guidance on SBA loans and working capital, contact Karen Schimpf at (512) 358-1511. Embrace a life of peace and thrive! Read the full story at https://applycommercialloans.com/the-quiet-life/

Post: The Quiet Life

Karen Schimpf
Pro Member
Posted
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
  • Posts 890
  • Votes 230

                                                                                                                                                                                                    https://flic.kr/p/b1DtZv

Philippians 4:7 (NIV): “And the peace of God, which transcends all understanding, will guard your hearts and your minds in Christ Jesus.”

From the first time I read this verse years ago, it struck me as something I wanted my life to be like…and though I am still a work in progress, my life mirrors this verse far more than it did even 5 years ago. If it resonates with you, as it does for me, here are some tips to start getting there:

-Limit social media. There can be NO peace in your life if you desperately need to get validation from others. Posting every good thing that happens to you and spouting your opinions on things on social media can NOT coincide with a peaceful life.

-Glean the news only…don’t take what you read as gospel-compare it to what you know and like the above tip, spend as little time as you can listening or reading the “news”. Put more faith in what you see than in what you read. The government says inflation is going down, I say go to a restaurant or the grocery store-you can’t sell me that bill of goods. I get my bullet points quickly, put them against my worldview, and then move on basing my decisions on what I see…not what the news tells me. Believing the news will keep you angry and on edge-the opposite of peace!

-Don’t worry about others- Everywhere you look, if you want to, you can find people doing things wrong. It is especially painful when it is people we love. But don’t worry about that spec in their eye, worry about the plank in yours. I can only control myself. You’ll have no peace picking at others….work on yourself and have grace for the rest.

-Be real. Don’t try to hide your flaws and put on a mask-this is the biggest disrupter of peace in people’s lives. Open up on your flaws to those closest to you-your inner circle-(not the crowds on Facebook) and get into real relationships with healthy people where there is mutual respect and accountability. SOOO much better than trying to be something you are not.

-Serve Serve others. Join a civic organization like Rotary, serve in a local ministry, and give love everywhere that you can. You can’t be depressed serving in a soup kitchen.

There are plenty of other tips, but these are a great starting point. We weren’t born to live in constant fear and anxiety…we were born to thrive. The world in 2024 is going to try HARD to keep you on edge, angry, and not at peace. You will have to FIGHT for your peace in your life. But it has always been that way, peace comes at a price. Always has, and always will.

Have a blessed week!!!!!!

If you need to close fast on your SBA or conventional loan, give me a call at 512-358-1511 today or get started by filling out this form!

Karen Schimpf

(512) 358-1511

[email protected]

www.ApplyCommercialLoans.com

Give me a CALL TODAY at 512-358-1511 or get started by filling out this form!

P.S. We have private money to lend. Bridge to SBA, quick cash out for opportunities, any deal that makes sense where we can believe the exit strategy is a possibility. GIVE ME A CALL TODAY to see if we can get you the cash you need!

P.S.S Elevate your business with an SBA loan, unlocking financial avenues for growth and expansion. Need working capital to fuel your ventures? We’ve got tailored solutions to keep your business thriving.

Post: Empowering Start-Up Success: Turning Dreams in to Reality

Karen Schimpf
Pro Member
Posted
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
  • Posts 890
  • Votes 230

Despite the extended processing times and documentation hurdles, SBA loans play a vital role in today's market. Karen Schimpf shares insights into recent successful SBA closings, emphasizing the flexibility and benefits of SBA loans for startups and expansions. Discover how we can navigate the SBA process, secure competitive rates, and ensure your business thrives. Ready to explore SBA financing? Contact Karen Schimpf at Commercial Capital LTD. Call 512-358-1511 or visit www.ApplyCommercialLoans.com for personalized assistance. Your business success awaits! Learn More :https://applycommercialloans.com/empowering-start-up-success...

Post: SBA Equity Injection: Partial change of Ownership Buyout of a Cafe

Karen Schimpf
Pro Member
Posted
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
  • Posts 890
  • Votes 230

Discover Michael's journey to cafe ownership in Austin. Overcoming financing hurdles, he secured the buyout with just a 5% equity injection. A tale of resilience and dreams fulfilled. #SBASuccess #CafeBuyout Call Karen today at 512-358-1511https://youtube.com/shorts/X_u1eBG8WXQ?si=tIfoMC3hpP5OWahB

Post: Significance of CAP Rate in Commercial Property Evaluation

Karen Schimpf
Pro Member
Posted
  • Lender
  • Nat'l Commercial Mtg Lender - Round Rock, TX
  • Posts 890
  • Votes 230

Explore the latest enhancements! Simply scan the QR code or enter the URL in your address bar to access them right away: https://lnkd.in/e6q8kUxK.