REFINANCE YOUR COMMERCIAL REAL ESTATE: Do it With NO Additional Equity Injection

Commercial real estate property owners are being FORCED to refinance by banks or by the new note holders who bought the loan from the bank and FEW banks will refinance a discounted note.

WE CAN DO IT WITH NO ADDITIONAL EQUITY INJECTION!

Rates are low, and banks are heavily discounting these notes. This note discount opportunity is a HUGE OPPORTUNITY for property owners to take advantage of it.  Most of the refinances we do involve a discount on a note in some way, shape or form. It is an AWESOME opportunity for the MILLIONS of property owners with notes to be discounted over the next few years. We are at the forefront of that opportunity for refinancing nationwide.  We can finance up to 100% of the discounted value!

Contact Us

Commercial Lending Pros
Commercial Capital Limited
Florida Real Estate & Commercial Loans, Inc.

Tel: 863-299-2929 or 813-833-3132
Fax: 863-877-4456
Email: loans@commerciallendingpros.com
Website: www.CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing

Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

We can get deals closed. Our Company Mission Statement is this, "Commercial Capital brings funding sources from around the country to the local business owner and investor to help keep this economy moving!" WE ARE SERIOUS ABOUT IT.
WHAT WE DO IS IMPORTANT. WHAT WE DO IS NEEDED. THE OPPORTUNITY IS AWESOME.

SBA 504 Refinancing Program Update

SBA Launches Major Changes to 504 Debt Refinancing Program

Key Program Features:

• Up to 90% LTV on refinances
• Refinance existing debt
• Use excess equity to obtain working capital that can be used for financing of eligible business expenses
• Cash out potential
• Low fixed rates
• No balloons

Click here for more information about the SBA 504 Refinancing Program

Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

Contact Us

Commercial Lending Pros

Commercial Capital Limited

Florida Real Estate & Commercial Loans, Inc.

Tel: 863-299-2929

Fax: 863-877-4456

Email: loans@commerciallendingpros.com

Website: CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing

We can get deals closed. Our Company Mission Statement is this, "Commercial Capital brings funding sources from around the country to the local business owner and investor to help keep this economy moving!" WE ARE SERIOUS ABOUT IT.

IMPORTANT Business Financing Update! Major Changes to SBA 504 Debt Refinancing Program

SBA Launches Major Changes to 504 Debt Refinancing Program
Key Program Features:

·         Up to 90% LTV on refinances

·         Refinance existing debt

·         Use excess equity to obtain working capital that can be used for financing of eligible business expenses.

·         Cash out potential

·         Low fixed rates

·         No balloons

SBA launched this temporary program on Feb. 17, 2011, and began accepting loan applications on February 28, 2011.  The program will end on September 27, 2012.
Beginning October 12, 2011 borrowers can finance up to 90 percent of the appraised value of available collateral, which could include fixed assets acceptable to SBA (for example:  commercial or residential real property).  This allows borrowers with more than 10 percent equity to be able to obtain additional proceeds to pay for eligible business expenses.
In April, SBA expanded the program parameters by allowing any business with a commercial mortgage that is two or more years old to refinance its debt, regardless of maturity.
The program is structured like SBA’s traditional 504 loan program: borrowers will work with third-party lending institutions and SBA-approved Certified Development Companies (CDCs), typically private, non-profit organizations to obtain financing, in a traditional 10%/50%/40% split.  However, the program no longer requires the Third Party Lender to be 50 percent of the Project.  The Third Party Lender amount must be equal to or greater than the SBA amount.  This allows the small business to maximize the amount of long-term, low interest, fixed rate financing available.
Click here for more information about the SBA 504 Refinancing Program

Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

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Following is a summary of the refinancing program changes as published Oct. 12, 2011, in the Federal Register:

* Third Party Lender Loan – The third party lender loan is no longer required to be at least 50% of the appraised value of the 504-eligible fixed assets.  Now, as in the regular 504 loan program, the third party lender loan must be at least as much as the 504 loan.
* Financing Business Expenses – A borrower may now use its equity to finance eligible business expenses as part of the refinancing project provided that the amount of cash funds available to pay business expenses exceeds the amount to be paid to the lender of the qualified debt being refinanced. The borrower’s application must include a specific description of the business expenses to be financed and an itemization of the amount of each expense. 
"Eligible business expenses" is defined as expenses of the borrower, such as salaries, rent, utilities, inventory, or other obligation of the business that were incurred, but not paid prior to date of the 504 loan application or that become due for payment within 18 months after the date of the application. 
Both the CDC and borrower will be required to certify in the application that the funds will be used to cover the eligible business expenses of the borrower.  The borrower must, upon request, substantiate the use of funds to finance the business expenses (for example, through bank statements, invoices marked "paid," cleared checks, etc.).
* Qualified Debt – Because the qualified debt to be refinanced may have been refinanced one or more times previously with the borrower using its equity at that time to finance working capital or other expenses, the SBA has amended the regulation to provide that as follows:  if the eligible fixed asset was originally financed through a commercial loan that would have satisfied the “substantially all” standard of 85% and was subsequently refinanced one or more times with the current commercial loan being the most recent refinancing, then the current commercial loan will be deemed to satisfy the "substantially all" standard.  The borrower must certify that the existing debt satisfies the applicable requirements and the third party lender must certify, as part of the 504 loan application, that it has no reason to believe that the existing debt does not satisfy these requirements.
 On a random basis, the SBA may require the borrower and/or lender to submit additional documentation to support these certifications prior to closing the debenture, including the documents for the original loan used to acquire the fixed asset and subsequent refinancing documents to show that the current commercial loan is the most recent refinancing.  The SBA will cancel an approved 504 loan if the documents do not support the certifications.  If the borrower and/or lender are unable to produce the additional documentation, each must certify that it has made a diligent search for the documents and that the documents are not in its possession. The SBA will not cancel an approved loan solely because the borrower and/or lender are unable to produce the documentation unless the lender is the original lender who made the original loan to acquire the 504-eligible fixed asset (and not a lender who acquired or merged with the original lender.)
This same change in the "substantially all" standard has also been made for the 504 permanent expansion debt refinance program.
* Occupancy – The original loan may not have satisfied the percentage occupancy requirements of 51/49% for an existing building or 60/20/20% for new construction. The final regulations provide that as long as the borrower can demonstrate that it now occupies at least 51% of the building as of the date of 504 loan application, the percentage occupancy requirements are met.
* Current on Payments – The definition of “current on all payments due for not less than one year” has been amended to allow a borrower to be deemed current as long as during the 12-month period prior to the date of 504 loan application, no payment was more than 30 days past due under either the original payment terms or under modified payment terms (including deferments). Any modification of payment terms must have been agreed to in writing by the borrower and lender prior to Oct. 12, 2011, when the final regulations were published.  The SBA reserves the right to decide whether modified repayment terms would preclude refinancing.
* Closing Period – Temporary debt refinance 504 loans must be disbursed within six (6) months after loan approval unless an extension for good cause has been granted.  Extensions of the disbursement period up to an additional 3 months may now be granted for good cause.

Visit us at http://CommercialLendingPros.com for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

Contact Us

Commercial Lending Pros
Commercial Capital Limited
Florida Real Estate & Commercial Loans, Inc.

Tel: 863-299-2929
Fax: 863-877-4456
Email: loans@commerciallendingpros.com
Website: www.CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing

We can get deals closed. Our Company Mission Statement is this, "Commercial Capital brings funding sources from around the country to the local business owner and investor to help keep this economy moving!" WE ARE SERIOUS ABOUT IT.

While Banks Put Small Business 'Under Stress', Commercial Lending Pros Offers Financing for Small Businesses

Banks put small business 'under stress'

An article by finance reporter for Elysse Morgan reports on a survey that shows small and medium-sized businesses believe banks, big and small, are making it tougher to do business. The report by accounting firm WHK has found two-thirds of the firms surveyed say accessing money to grow their business is becoming increasingly difficult.

Here at Commercial Lending Pros we continue to provide financing services for business owners, investors and other entrepreneurs throughout the country.  We are direct lenders and also have access to over 150 different funding sources including banks that are lending, hedge funds, private equity groups, insurance companies, private investors and other funding sources including Wall St. investors.

Commercial Lending Pros

Florida Real Estate and Commercial Loans, Inc.

Tel: 863-298-8900

Fax: 863-877-4456

Email: loans@commerciallendingpros.com

Website: http://www.commerciallendingpros.com/

Your #1 Source For Commercial & Business Financing

Wall St.

funds.

Visit us at http://commerciallendingpros.com/ for more information or submit a loan scenario for pre-approval at http://www.CommercialLendingPros.com/102/325

Commercial Tip of the Week: FAST CLOSING FINANCING IS HERE!

SPEED!

That is the name of the game this week.  Our last two closings had one thing in common-speed.  Sometimes you have clients who just need to close fast.  We can get the deals done quickly, just check out these two closings from the last 2 weeks:

Investor Refinance of a $1.2 million loan on a retail shopping center.  The client came to us after being denied by a local bank.  The note was due and, the lender was willing to extend it on an adjustable loan but, this borrower wanted a low fixed rate.  We closed her in 34 calendar days from app to closing BUT, she took 4 days to sign the commitment letter.  We could have closed this in 30 days!   We did this with our IN-HOUSE LENDING PROGRAM.   That was with a new appraisal, inspections, everything.  Her rate? 5.9 fixed for 5 years.  The borrower said at the closing, “Thank you SOOO much.  Orlando said I would be in good hands”.  If the borrower won’t hesitate, we can close conventional loans with great rates in 30 days consistently on our in-house program.

Discounted Note Deal closed in 8 days!  Sometimes people don’t have 30 days.  This guy was going to lose the property if he did not close by Wednesday.  The lender was calling the note and, offered a deep discount if he would pay it off by a certain date - otherwise, they would execute the foreclosure.  He signed our agreement on Monday, March 28.  We ordered a quick review appraisal on the spot and had the file closed the following Wednesday - in just 8 business days through our private money fund.  This fund will look at any type of property as long as the deal makes sense.  It must be RE based, and we won’t go above 65% LTV but, we can close lightning quick.  This borrower got $500,000 off on his note by closing on time and, saved his property to boot!  The broker who sent the deal said, “Ernie called & is thrilled at how well everything went with the closing. He couldn’t thank m enough for getting this done in such a short time period. He now believes that I have the ability to get loans closed & will be sending referrals over my way.”  Closings beget more closings!

If you have a loan that needs to close quickly or, you know of someone who needs to close quickly, give me a call.  Our in-house lending and our private money fund are closing loans and fast.  We may close as many as 10 loans this month between the two funds… if you hurry, maybe we can add your loan to that?  Call me today to see at

Have a great week, 

Tony DeCresie

Commercial Capital, Ltd.

Your #1 Source for Business & Commercial Loans

Office: 863-298-8900 Direct: 813-833-3132

www.CommercialLendingPros.com

 CLICK HERE Get a Quick response to your commercial Loan Scenario

    

   

Commercial Lending Pros Annouces 100% Medical Financing

Press Release: FOR IMMEDIATE RELEASE: April 7, 2011
Source: CommercialLendingPros.com

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Contact: Tony DeCresie, Director of Commercial and Business Financing

Office: 863-298-8900 Fax: 863-877-4456 Cell: 813-833-3132  Email: loans@commerciallendingpros.com

EXPANSION OF 100% FINANCING PROGRAM FOR MEDICAL PROFESSIONALS

ANNOUNCED COMMERCIALLENDINGPROS.com  

Winter Haven, FL— Tony DeCresie, Director of Commercial and Business Financing for CommercialLendingPros.com, a commercial and business financing website, announced today the expansion of the 100% Medical Financing program for doctors, dentists, veterinarians and other medical professionals.  "Just wanted to let all the medical professionals in on some exciting news; that we've unleashed a new, up to 100%, medical financing product at Commercial Lending Pros that does NOT require commercial real estate! Many medical practice loans get declined due to lack of information and industry knowledge. Our team is trained to extract information from the practice financials and the doctors themselves so we can present information rich loan submissions to our underwriting team." said Mr. DeCresie.  "We understand how critical it is for doctors to be kept up with the progress of their loan request and our agents are trained to keep them informed throughout the process" he continued. The program information is available at http://commerciallendingpros.com/ and provides valuable information on the different financing solutions available to medical professionals including Practice Financing, Acquisition Financing, Debt Consolidation, Expansion – Relocation, Practice Startup, Equipment Financing, Real Estate Financing and Working Capital. There is also a practice sales division for the latest practice listings.

The CommercialLendingPros.com website has a link to a "Quick Commercial Loan Pre-Qual" form that doctors can submit loan scenarios to our medical financing experts.  The revamped website also has links to order credit reports, subscribe to a free newsletter, access free reports, and a link to the new doctor referral program.  The doctor can use the "Referral Partners" link on the website navigation bar to refer colleagues.

CommercialLendingPros.com offers business financing solutions in addition to commercial financing for many types of properties and borrowers. Based in Winter Haven, FL and serving all fifty states for over 5 years, CommercialLendingPros.com is owned and operated by Florida Real Estate and Commercial Loans, Inc., a nationwide affiliate of Commercial Capital Limited, a division of Nexus Financial the leading commercial mortgage house in the country.  Other programs available on the websites in addition to the 100% Medical Professional Financing include:

• SBA 7(a) an d 504 loans
• Merchant Cash Advance loans
• Commercial Real Estate Loans
• Multi-Family / Apartment Building Financing
• Assisted Living Facility Financing
• Triple Net-Single Tenant Financing
• USDA Loans
• Bridge Loans /Hard Money Loans
• Hotel / Motel Financing
• Gas Station / Convenience Store Financing
• Equipment Financing
• Church Real Estate Financing
• Securities Loans and IRA/401K loans

Request for an agent to contact you about a practice loan or call our Practice Financing Division at 863-299-2929 or visit http://commerciallendingpros.com/.

Multi-Family Commercial Loans, Business Financing: We Are Lending!

WE ARE LENDING! Commercial Real Estate Loans, Multi-family / Apartment Financing!  

Here's a quick overview of the different types of Multi- family loan programs we offer, including maximum LTV and average closing time. 

Hard Money / Bridge Loans

50% - 65% maximum LTV (varies depending on loan size, location, property condition, occupancy, etc.)

3 - 6 weeks closing time

Private Hedge Fund

75% LTV max

6-8 weeks closing time

$1 million loan minimum

Fannie Mae Loans

75% - 80% LTV max (lower in some markets within FL, AZ, NV, OH & MI)

60 - 90 day closing time

FHA / HUD loans

120 - 180 days (depending on area)

80% - 85% LTV max

$2 million loan minimum / no maximum

We also offer hard money / bridge loans that allow you to close quickly and have no pre-payment penalties. But the maximum LTV for bridge loans is usually 65% (sometimes higher, depending on the situation) so bridge loans will usually require more cash from you (or more seller financing).

Hopefully, that will give you a better idea of what you have to work with when you're negotiating your final purchase agreement. 

We are also SBA 504 Direct Lenders and are preferred SBA 7a Lenders!

Give us a call at: 863-298-8900 or 813-833-3132

Or click here to fill out a Quick Loan Pre-Qual form to get a fast response to your loan scenario

Commercial Lending Pros

Tel: 863-298-8900

Fax: 863-877-4456

Email: loans@CommercialLendingPros.com

Website: www.CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing

Medical Professional Financing: No Commercial Real Estate Required!

Just wanted to let you in on some exciting news that we've unleashed a new product at Commercial Lending Pros that does NOT require commercial real estate!!!

Medical Professional Practice Loans (for Doctors, Dentists and Veterinarians)

·         Program – SBA 7a

·         Amounts – from $250,000 to $5,000,000

·         Advances – Up to 100% financing available

·         Purpose – practice and/or fixed asset acquisition, refinancing, and working capital

·         Terms – up to 10 years for business & equipment acquisitions, up to 25 years (if real estate included)

·         Rates – floating and fixed available based off of the Prime Index

·         Collateral – 1^st position on business assets required

Product is available now.  Please let me know if I can help.

We are SBA 504 Direct Lenders!

Give us a call at: 863-298-8900 or 813-833-3132

Or click here to fill out a Quick Loan Pre-Qual form to get a fast response to your loan scenario

Commercial Lending Pros

Tel: 863-298-8900

Fax: 863-877-4456

Email: loans@CommercialLendingPros.com

Website: www.CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing

   

SBA 504 loans value $1.4 billion in first quarter 2011

The SBA 504 loan program has recaptured its buzz in the current economy and recent numbers indicate that more firms are using the innovative program to secure commercial real estate deals. Financial markets are beginning to thaw as loans terms have soften for some, but for many firms attempting to complete real estate deals current guidelines and requirements are still not economically feasible. Many of those that survived the economic downturn are now growing and require new space. Instead of turning to traditional financing, where they may be met with lukewarm response, programs like the SBA 504 have helped bridge the gap and make many real estate deals a reality for potential owner-occupiers. . . . keep reading

We Are Direct SBA 504 Lenders!

Give us a call at: 863-298-8900 or 813-833-3132

Or click here to fill out a Quick Loan Pre-Qual form to get a fast response to your loan scenario

Commercial Lending Pros

Tel: 863-298-8900

Fax: 863-877-4456

Email: loans@CommercialLendingPros.com

Website: www.CommercialLendingPros.com

Your #1 Source For Commercial & Business Financing