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

    

   

Obama Calls on Congress to Pass Small-Business Legislation

As reported By CNN, President Obama used an appearance at a small business in Washington to again call on Congress to pass small-business legislation that he says will help strengthen the American economy.

The Small Business Jobs and Credit Act is stalled in the Senate.

"It is so important to pass this jobs bill for America's small businesses. That's where most of our jobs are created. And small businesses have been especially hard-hit by the economy," said Obama, speaking at Gelberg Signs. 

 The bill would authorize the creation of a $30 billion lending fund. The Treasury Department would run the program, which would deliver ultra-cheap capital to community banks, defined as those with less than $10 billion in total assets.

Other key components of the bill would provide $12 billion worth of tax relief for small businesses between 2010 and 2020, according to a preliminary estimate from the Joint Committee on Taxation. The bill also would increase Small Business Administration loan limits and extend loan sweeteners through the end of the year.  Full Story

We are SBA loan experts and our underwriters are professionally trained to keep your interest a priority. They are experienced in working with borrowers of all sizes. Thus, they can fund loans anywhere in the country! We can get you the Commercial Loan you need!

Call US Today! 863-298-8900

Commercial Capital Ltd.

Tel: 863-298-8900

Fax: 863-877-4456

Email: loans@commerciallendingpros.com

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

Your #1 Source For Commercial & Business Financing

Don't be Afraid of Tax Returns that show Low or No Profits!

Many clients and brokers shy away from loan programs that require tax returns to verify business income. The reality is that these days almost all commercial lenders require tax returns. The days of "stated income" loans are long gone. But not to worry. We do "Add-Backs" as they are commonly referred to in underwriting. What that means is we look for the TRUE CASH FLOW of a business. Not the income that's reported on the bottom line of a business tax return after your CPA gets done utilizing all the deductions that are legitimately available to reduce taxable income. We will routinely add back such expenses as depreciation, compensation to officers, amortization and interest expense on almost every return. And we'll also add back any expense that will be "going away" as a result of the new loan request. For example, if the loan is to buy a new location to replace an office the business has been renting - we'll add back all the rent expense that was deducted. If the loan is being used for "debt consolidation" then we'll add back all the additional income that went to pay those debts that will be going away. You'd be surprised at just how much real cash flow most businesses have to work with when you know where to look. So don't be afraid to show those tax returns, even if they don't look so pretty at first glance.

For more information contact Commercial Capital Lmiited by visiting http://www.commerciallendingpros.com/, emailing us at loans@commerciallendingpros.com or calling 863.298.8900.
Visit the link below to get a Quick response to your Commercial Loan Scenario. Simply provide us with some VERY BASIC information: Quick Loan Pre-Qual form

What We Are Funding Now!

We specialize in government loans (SBA 7a & 504, USDA, FHA/HUD for multi-family & assisted living facilities). We recently asked several of our most experienced commercial underwriters to get an updated briefing of current lending preferences.


SBA Financing
Preferred deals right now are acquisitions or refis of businesses that are the most resilient to these tough economic times and have only moderate decrease in revenues.

The riskiest industries that we have seen this past year are restaurants, hospitality, contractors and related businesses to the construction industry. Real Estate collateral now requested for most loans.  Direct industry experience, especially in the high risk deals, is a must.

What’s In a Good Construction Loan Package?

• Executive Summary-overview of the project, location, strengths of the deal
• Detailed Resume’s of partners AND GC if not a partner
• Actual Projects completed-NEED EXPERIENCE
• Pro-Forma-projections on project and net income expected
• Detailed cost breakdown
• Information on the property demographics, absorption studies, marketing and management plans, etc. The more detailed the information here, the better
• FINANCIALS ON ALL PARTNERS, GC, AND BUSINESS PARTNERSHIP FOR 3 YEARS
• Personal Financial Statements on all borrowers and GC
• Info on pre-sales or pre-leasing and if so, proof of them. Minimum 50%+ pre-sales / pre-leasing is preferred
• The key is money, experience, and pre-sales (or pre-leasing). NEED 2 of the 3 to have a shot. 3 of the 3 to be assured

Most of these deals fall down in the financials and the pre-sales. And upon digging, often lack of experience shows up as well. Minimum you need to even get a quote is the Executive Summary and the Pro-forma. The rest is needed to submit.

CONTACT US TODAY


863-298-8900 or 813-833-3132

http://commerciallendingpros.com/

We Are Lending! Commercial Loans Available!

Commercial Loan Update:

Wall Street lenders are still on the sidelines and the scrutiny on them will keep them there for most of this year. Local banks are in a world of hurt with most local banks just trying to survive – 86 local banks are projected to fail this year in Georgia alone. These guys are on the sideline as well.

This leaves us! We are still lending. In fact, the big hedge fund money is coming back into the market. They are even looking at residential subdivisions again – incredible. Big projects that have stalled will begin to move again. How do I know? Of the 50 commercial loans in our pipeline fully half of them are the large projects, almost $3 Billion in total loan volume. Many of these large projects are approved or close to approved – and with little or NO due diligence! Not the rip-off scams that have become prevalent! We are real lenders…we are closing loans every week.

In fact, we are the number one commercial mortgage shop in the country.

For detailed information or a specific quote on a loan scenario, give us a call at: 863-298-8900 or 813-833-3132 To fill-out a quick loan scenario Pre-Qualification form visit: http://commerciallendingpros.com

SBA Loans, 100% Commercial Loans, Unsecured Business Lines of Credit, Blanket Loans

You typically DO need experience in a business if you are applying for an SBA business loan. For example, if you were applying for an SBA loan to purchase or start a manufacturing business, you’d have to show that you have the experience to run that type of business to get approved.

You also need 2 years minimum of business operations to apply for an Unsecured Business Line of Credit and for our 100% Commercial Loans for expanding businesses.

But for financing of commercial real estate there is no minimum length of time you have to be in any particular type of business. You do not have to currently own a corporation or an LLC. You could purchase an apartment building or office building or strip center without ever having owned one of those types of properties as long as the income from the property was more than enough to cover the projected debt from the new financing.

And coincidentally, we are one of the few places you’ll find in the country that can provide you with a “blanket” mortgage covering 5 or more residential and/or commercial properties. So we’d love to talk to you about how we might be able to assist you with refinancing some of those properties and replacing a whole lot of little mortgages with one or two big ones and under much better terms. Or to help you purchase a group of individual properties with one loan.

Please send us your package to take a look at or click below for to get a Quick response to your Commercial Loan Scenario. Simply provide us with some VERY BASIC information and we'll email you a pre-approval:


Regards,.

Tony DeCresie
Your #1 Source for Commercial & Business Financing
Office: 863-298-8900 eFax: 863-877-4456 Cell: 813-833-3132
http://www.commerciallendingpros.com/

Get All 3 FICO Scores and Credit Reports .