The Commercial Loan Fund’s Post

If I were a finance broker right now, this is the first question I would ask a borrower: “Did you receive a PPP/EIDL loan?” If the answer is yes, the next thing I would do is have the borrower self-check the status of their loan. Here are a couple ways to do this: MySBALoan Portal: https://lending.sba.gov 1. A Web-based platform where SBA borrowers can view loan details, make payments, and access statements for PPP, COVID EIDL, Disaster and SBA-serviced 7(a) loans. 2. Technical assistance: (833) 572-0502 or cls@sba.gov COVID EIDL servicing center: 1. If a borrower is unsure if they have a COVID EIDL loan or do not know the loan number, they can contact the servicing center 2. Customer service: (833) 853-5638 or COVIDEIDLServicing@sba.gov PPP Borrower Search: https://lnkd.in/gmBx-jMY These defaults seem to be stalling deals more frequently lately, and I really appreciate my referral partners who do this due diligence upfront. There’s nothing worse than getting a deal into underwriting and finding out that one of the borrowers has an issue with their EDIL loan.

When time is of the essence, a bridge loan could be your best option! ⏳ Typically closing in just 1 to 3 weeks, bridge loans offer a swift alternative to traditional loans, which can take 30 to 90 days. Here’s why they’re so fast: • 𝐋𝐞𝐬𝐬 𝐃𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: With minimal paperwork, the process is streamlined.🔑 • 𝐒𝐭𝐫𝐞𝐚𝐦𝐥𝐢𝐧𝐞𝐝 𝐀𝐩𝐩𝐫𝐨𝐯𝐚𝐥: Lenders prioritize collateral over extensive financial histories.📑 • 𝐅𝐥𝐞𝐱𝐢𝐛𝐥𝐞 𝐓𝐞𝐫𝐦𝐬: Quick negotiations allow for immediate adjustments to meet your needs.🤝 Factors like high-value collateral and working with experienced lenders can further speed up the process. 🚀 If you’re facing urgent opportunities in real estate or business growth, a bridge loan could be the solution you need! 🌟 Learn more about how we can help at #acomcapital! Visit: https://acom-capital.com/ #bridgeloans #realestatefinancing #quickloans #businessgrowth #fastapproval #financialsolutions #investmentopportunities #realestatefunding #flexiblefinancing #urgentloans

Approved Loan

Approved Loan

Get ready to DIVE in and make a SPLASH with our DSCR Loans brought to you by Truly Investor Capital! • 30 & 40 Year Fixed, with IO options available! • Single Family, PUDs, 2-4 Units • Condos (Warrantable & Non-Warrantable) • Negative cash flow available down to .80 • Up to 80% LTV • Loan Amounts up to $3MM • FICO Min. 660 • Short-Term Rentals Eligible • Vacant Refinances Eligible • Individual or Entity Borrowers • Foreign Nationals Allowed • *Multifamily Properties allowed but ineligible for the Pricing Special And don't forget to ask me about our Single Property Rental (DSCR) Loan Special Pricing & Broker Production Bonus! For more information about the products we offer and pricing feel free to call, email or click the link below 👇🏼 https://lnkd.in/gf-29dDt 📧 ksoto@trulyinvestorcapital.com 📱 949-254-4785 . . . #realestate #realestateinvesting #invest #investing #investor #investinproperty #realestateinvesting #realestateinvestor #theofficememes #buyproperty #mortgagememes #multifamilyinvesting #financialfreedom #financialindependence #designsponge #business #businesswoman #businesstips #realestatelife #realestatetips #fixandflip #explorerpage #investmentproperty #investmentstrategies #brrrrstrategy #biggerpocket #scotsmanguide #trulyinvestorcapital #preferredlender #directlender

**Calling All Bridging Loan Brokers: Partner with Us for Fast Decisions and Reliable Underwriting!** Are you a bridging loan broker looking for a trustworthy partner who guarantees fast decisions and underwrites all loans? Look no further! We're excited to collaborate with dedicated brokers who want to offer their clients the best in bridging finance. Here's what we bring to the table: ✅ **Speed:** We understand that time is of the essence. Our streamlined processes ensure quick decision-making, allowing you to provide your clients with timely solutions. ✅ **Reliability:** With our robust underwriting, you can rest assured that all loans are thoroughly vetted and secure. ✅ **Support:** Our team of experts is here to assist you every step of the way, ensuring a smooth and efficient process for you and your clients. Join us in delivering exceptional service and building lasting relationships. Let's work together to meet the growing demand for bridging finance and help more clients achieve their goals. Interested in partnering with us? Reach out today to discuss how we can collaborate for mutual success! #BridgingLoans #LoanBrokers #FinancePartners #FastDecisions #Underwriting #PropertyFinance #BrokerNetwork #BusinessPartnerships #FinancialSolutions

Summer Special Pricing is HERE! Single Property Rental (DSCR) Loans greater than $350K: • Brokers or Investors receive a 50 bps Pricing Improvement  • Good for All Single Property Rental (DSCR) Loans submitted today and through July 31, 2024 • Loans must close by 8/31/2024 • Multifamily & Bridge Flex ineligible There is also a separate pricing promotion on Portfolio Loans > $750K. . . . If you’d like to chat about your business goals, give me ring 📱! For more information about these special products & more - click the link below 👇🏼 https://lnkd.in/gf-29dDt 📧 ksoto@trulyinvestorcapital.com 📱 949-254-4785 . . . #realestate #realestateinvesting #invest #investing #investor #investinproperty #realestateinvesting #realestateinvestor #theofficememes #buyproperty #mortgagememes #multifamilyinvesting #financialfreedom #financialindependence #designsponge #business #businesswoman #businesstips #realestatelife #realestatetips #fixandflip #explorerpage #investmentproperty #investmentstrategies #brrrrstrategy #biggerpocket #trulyinvestorcapital #preferredlender #directlender #DSCR #specialpricing

Approved Loan

Approved Loan

Approved Loan