Featured Post

The Big Show is Coming to Town.

Don’t do it…it’s a big mistake flipping homes can cost you a lot of money . Every week the house flipping circus comes to town and adve...

Showing posts with label commercial mortgage lender. Show all posts
Showing posts with label commercial mortgage lender. Show all posts

Monday, October 30, 2017

Be Prepared and Know All of Those Expectations When Looking at Commercial Mortgages


3page_img1-bigJust like with every big financial decision, when applying for commercial mortgages, it can be very scary, intimidating and stressful. But the more research you do and the more you know, the more likely that your applications efforts will be successful.

The whole process when it comes to applying for commercial mortgages is obviously less than thrilling and actually dreaded by many. But you can take all of the agony out of the process by being prepared and knowing what to expect. First, it is good to know what a letter of interest from a lender is. Remember, it is not always a commitment like you think it maybe. It is actually just a letter listing the terms of the deal. These terms can change until finalized. At first, the letter of interest is usually very simple with just a small amount of information for both parties to review.

But adjustments to a letter of interest is sometimes necessary. Most of the time, these changes usually include adjustments that are part of the final terms. These adjustments could go either way and could negatively or positively impact the borrower. So, that is why it is so important to always keep the line of communication wide open during the entire process and to know where everything stands throughout the application period.

Also, keep in mind that commercial mortgages will most likely take a lot longer to process compared to residential. The expected time frame for an application from the time of approval to closing time is around six or twelve weeks. When it comes to a residential loan, those usually only take half the time range, taking anywhere from three to six weeks from application approval to close. But it is important to keep in mind that many variables will play a part in the timeline.

Know that lenders are there when you need them for commercial mortgages, but they can’t control the actions of third parties that they may work with

It isn’t uncommon for lenders to use third-party companies to complete reports during the entire process. But keep in mind that the revelations or opinions that are provided in these reports by the third parties is completely out of the lenders control. The third parties usually will have a time frame that the reports need to be completed in, but again, as long as they’re done in that specified time frame, lenders have no say in the amount of time it takes for them to process these reports.

The commercial mortgages application process doesn’t have too many differences compared to other loan applications

It is best to stay calm and try to not be too scared when it comes to applying for commercial mortgages. The application process is actually very similar to other loan processes, so don’t stress too much. Just make sure to do your research and know what you are doing before making any final decisions. Also keep an open communication line at all times so you know what to expect throughout the whole process.

.

Dennis-Dahlberg-Mortgage-Broker-1_th

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

The Benefits and Things to Consider When It Comes to Commercial Mortgages


2page_img4-bigThere might not be too many reasons for commercial mortgages, but there are many advantages to using them. Mortgages can be used for buying land, developing new properties or even extending renovations on current premises.

Commercial mortgages are given many different repayment options to borrowers. These types of mortgages often come with much lower interest rates along with several different options for choosing fixed monthly payments. This will help you get more of an idea and give you more certainty on how to forecast your financial future because you will know what to expect to pay each month. This can become very helpful when planning your long-term financial goals.

Fixed monthly payments can really help you when it comes to preparing for your future financial and business plans. Usually these fixed monthly payments last for quite a few years so you will be able to focus on more important aspects with your business instead of having to worry about payment fluctuations.

Also keep in mind that commercial mortgages can be used as great potential for capital growth and monetary gains. Since property values only continue to rise, it is smart to look at some of these properties for long term investments. There happens to be a lot of investment opportunities for some properties at the moment and if the property values continue to increase, then now is the time to invest.

But still beware of some disadvantages when it comes to commercial mortgages

It may sound like a good idea to time, but commercial mortgages might not always work for you and your business goals. Don’t just take a deal because it is a good deal. Lower interest rates are always a good sign, but many times a lower interest rate may require a hefty deposit. This means that a substantial amount of money needs to be used to be put down on the property. Also, when owning a property, then you are the one responsible for the general upkeep, any security that is needed and also any maintenance that is required.

For your commercial mortgages to be successful, you need to pay attention and continuously converse

There are many factors that you want to consider before making any financial decisions. Also, be sure to be well aware of your repayment options and pay attention to the interest rates along with any higher deposits that may be required. It is important to keep in mind that you are now responsible for the upkeep of the property to maintain or even increase its property value. It may seem like a lot of work at first, but if executed right, all of the work will lead to a large investment opportunity.

Dennis-Dahlberg-Mortgage-Broker-1_th

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Tuesday, October 10, 2017

Why Commercial Mortgages Cost More than Residential Mortgage


When you are considering the purchase of a commercial property you will quickly learn that commercial mortgages are more expensive. Understanding the reasons will help you to see why the increased cost is necessary.

As you begin to explore your options for commercial mortgages you will find that there are more fees associated with them and the interest rates are greater than a residential mortgage. This could seem surprising at first but understanding the addition risk that lenders are facing with commercial mortgages will help you to grasp why the fees and interest rates must be higher.

The most obvious difference in the two type of mortgage is the dollar amount. The average residential loan in the United States was just over $309,000 in January of 2017 and at that same time period the average transaction for commercial mortgages was $1,100,000. So these much larger numbers represent a higher risk for the lenders. It is a greater sum of money being borrowed so the lender wants to be certain that they will be able to recover their investment if the borrower defaults. In short, lenders look at a higher loan as a higher burden of repayment and also a higher chance of default.

There is also a greater volatility associated with a commercial loan. A person gets a loan based on their income or salary. This is likely to remain very steady unless the person loses their job. And in that case, they will find another job. Also, in most cases a person’s income rarely decreases and more often than not it increases. But the same is not true for a commercial loan. The loan approval is based on the revenue of a business which is much more likely to fluctuate. A slow period, a bad quarter or a change in the economy can have a much greater impact on a business’s revenue. Because revenue is dependent on the economy more than a person’s income is, there is a greater chance that a business could default due to lack of ability to pay the mortgage.

More Fees

There are also more fees associated with the process of applying for and getting a commercial loan. The amount of documentation required is much larger and therefore takes much longer to review and process. This accounts for some of the additional fees that are needed for administrative tasks. There are also more surveys and inspections required for the sale of a commercial property. The costs of these services are also passed along to the buyer of any commercial building or property.

More Processes = More Cost

As with anything, the longer it takes the more it costs. When the lender is required to complete a greater discovery process before approving a loan then the buyer should expect to pay more fees. It is also easy to understand that if a loan represents more of a risk to a lender then they will want to charge a higher interest rate for the loan. So knowing that the process is different can help a first time borrower to understand why the cost of a commercial loan is greater than the cost of a residential mortgage.

Dennis-Dahlberg-Mortgage-Broker-1_th

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Sunday, October 8, 2017

Investors betting on delinquencies in commercial mortgage backed securities


4page_img2Some investors are expecting wide spread defaults among CMBS bonds tied to mall properties. Moodys and Fitch acknowledge the risk of default but see long term stability for retail related securities.

Brick and mortar retailers are suffering from increased competition with online retailers, such as Amazon. A growing share of retail sales are made online and this no doubt hurting traditional storefronts. Some investors have positioned themselves to benefit from defaults among shopping mall owners. These investors are buying up securities tied to retail properties in the expectation of insurance pay outs. But two major credit rating agencies, Moodys and Fitch, offer a different outlook about the future of these securities.

Moodys claims that failing shopping malls pose a marginal risk for the CMBS market. The group cites a stark bifurcation between strong and weak properties. The group claims that weak mall properties only make a small share of retail backed securities. Although they admit there has been a string of spectacular defaults among these weaker properties lately. However these properties only account for a small share of the securities rated by the company. The group estimates about 2.1 percent or 7.3 billion dollars of the 345 billion in securities the company reviews are linked to these weak malls. As these failing retail centers close, related CMBS bonds could be strengthened in the long run. Moodys also adds that recent CMBS issuances are far less exposed to these low tier malls.

Fitch, another ratings agency agrees the main points of Moodys analysis However The company though has been giving greater scrutiny to retail related CMBS bonds issued between 2011 and 2013. Retail is the second largest type of property related to the securities the agency rates. About a third of these retail securities are linked to mall properties. The additional scrutiny given to these bonds suggest Fitch recognizes the risk of default. However Fitch seems to agree with the main conclusion of Moodys analysis. As weaker properties continue to close, retail related CMBS bonds will become more stable. “Weaker malls will disappear and the remaining malls, offering a solid mix of retail, restaurants and entertainment, will be stronger as a result,” said Huxley Somerville, managing director at Fitch.

Still forward thinking hedge fund operators are betting on a wave of defaults, with some taking short positions against retail related CMBS securities. The Depository Trust Clearing Corporation claims that as of March 2017 there was a 985 million dollar increase in the trading of “risky” CMBS bonds, a five fold increase when compared to the first three months of the year. Alder Hill Management has apparently adopted a short position against these bonds and has been stocking up on retail backed CMBS notes. These investors are betting on an impending wave of defaults and large insurance payouts, as more brick and mortar retailers go bust.

The impending wave of defaults on retail related commercial mortgage backed securities is not likely happen any time soon.

These investors may be premature in their assumption that the retail sector will collapse in the near future. Both Moodys and Fitch recognize the risk of default , but claim that shopping malls will only be strengthened by the closure of weaker properties. The two groups also note that fewer new CMBS bonds are tied to these weaker properties and that few outstanding securities are linked to these properties.

In the long run the short position against retail related commercial mortgage backed securities will likely be too expensive to maintain.

Shopping centers are not likely to vanish in the immediate future, according to both Moodys and Fitch. Investors betting widespread defaults aren't likely to see a major payout any time soon.

Dennis-Dahlberg-Mortgage-Broker-1_th

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Commercial Mortgages: CMBS lenders revise expectations about the impact of Dodd-Frank regulations


2page_img2The second half of 2017 has seen a sharp increase in the sale of securities tied to commercial mortgages.

By the end of July the total value of CMBS loans stood at 47.4 billion dollars, a dramatic improvement from the same time last year when the value of CMBS deals was only 37.9 billion. Mortgage Alert predicts that if the rates of CMBS issuance hold steady then the value of securities issued this year will reach 77.6 billion dollars.

The beginning of the year saw virtually no new commercial mortgage bonds being approved. There were no CMBS loans issued in January and the total value of these loans was only 11.1 billion by the end of the first quarter. But August alone saw the approval of 335 CMBS loans. CBRE’s lending momentum index, which tracks the pace of loan closures, recently ticked up by 27 percent. September is on track to the biggest month for CMBS loans this year. Mortgage Alert claims there are 16 billion dollars of loans in the pipeline.

The CMBS market is obviously heating up. The number of CMBS loans approved in June, was the same as the number of loans approved over the entire first quarter. The mortgages that closed in June were valued at 12.5 billion dollars, twice the amount of any other month this year. The new mortgages so far have primarily been tied to mixed use office properties in New York, Los Angeles and Washington DC. Some notable CMBS mortgages include Vorando’s refinance deal for 330 Madison Avenue, a 500 million mortgage with a seven year term. Black Stone Group also recently acquired BioMed Realty trust and used CMBS securities to purchase 15 of the groups office buildings for 825 million dollars.

The providers of of commercial mortgage securities have adapted to the Dodd-Frank risk retention rules that came into effect this year.

CBRE’s Brian Stoffers said “ The recent surge in CMBS mortgages demonstrated that these lenders are becoming increasingly comfortable with the risk retention rules.” The rules stipulated that CMBS lenders maintain a 5 percent stake in every security they issue. Robert Grenda of Morningstar agrees claiming that early concerns about these risk retention rules have dissipated and that “underwriters have gotten comfortable,” while claiming the new rules haven't significantly impacted the volume of CMBS loans. The recent surge in these types of loans seem to bear out these claims. Smaller players may have exited the CMBS market, but the remaining players have apparently boosted their lending efforts.

While CMBS lenders are issuing new loans at a greater rate, the total volume of commercial mortgage debt held by these lenders continues to decline.

While the second half of this year will prove better than the first for CMBS lenders, their share of mortgage debt in both the commercial and multi-family sectors fell by 2.4 percent, according to the Mortgage Brokers Association. Securities issued prior to the Great Recession are being paid off this year, and demand for new CMBS securities remains historically low. While CMBS lenders have adapted to the new regulations, it remains unclear whether the industry will ever recover its share of the market under the new risk retention rules.

Dennis-Dahlberg-Mortgage-Broker-1_th

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Sunday, October 1, 2017

Guide to a Commercial Mortgage Texas


Attending a conferenceWhen you are considering a commercial property purchase, you also need to consider your options for a commercial mortgage Texas. Knowing the requirements and the process can be a great help in selecting the best lender to work with.

As you begin to explore the world of the commercial mortgage Texas, you might be overwhelmed with the sheer volume of information and the options. You can do the research and educate yourself or seek the assistance of a broker. But even when relying on a professional, you need to have a basic grasp of the requirements to qualify and the process that you will need to follow.

Most lenders are going to require a lot of the same information when you apply for a commercial mortgage Texas. It is wise to begin early and have your information packet completed prior to starting the application process. You will need to provide audited accounts for the past two years, a profit and loss projection for the upcoming two years, a list of the owners of the business for credit verification purposes, asset and liability statements for the owners, a copy of the business plan, credit status for the business and growth projections for the company. Having this information current and in a presentation format will make the application process for a commercial mortgage Texas much less daunting.

The term of a commercial mortgage loan is normally shorter than a residential mortgage term. In most cases they will not extend beyond 20 years. In addition, the interest rates will be higher due to the increased risk to the lender. You can control the interest rate a bit by making a larger down payment to increase the instant equity in the property. This reduces the risk that the lender is facing in the event that you default on the loan. The property is much more likely to have a value in excess of the mortgage balance and the lender would be able to more easily sell the property to recover their invested funds.

Understanding the Fee Structure

It is critical that you understand the fee structure on any mortgage that you are considering. This is the most important information that you will use to compare the mortgages and select the one that best suits your needs. You can expect to pay between .5% and 1.5% in administrative fees for the loan. These can be called out as flat cost application fees, processing fees or simply added in as an administrative percentage. In addition there will be legal fees for document creation and review, insurance and surveys for the property. And finally there might be fees for early pay off on the mortgage. Commercial lenders are making money from the interest that they charge and are not willing to forego that money if the borrower pays the loan off early.

Complete Your Due Diligence

As with any large commitment, you need to invest your time in learning the process and learning about your options before commencing. This will include learning about lenders, brokers and the commercial real estate market in your area. With a strong foundation of knowledge you will be able to make wise financial decisions about purchasing a commercial property.

Dennis-Dahlberg-Mortgage-Broker-1_th

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Facts to Know Before Applying for a Commercial Mortgage Texas


p1_img3Purchasing a commercial property is a more lengthy process than making a residential property purchase. Understanding a few facts about a commercial mortgage Texas will help you to be more successful when submitting your applications.

When you are applying for a commercial mortgage Texas from a conventional bank, you will likely be working with the commercial branch of the lender. This means that you will be working with higher interest rates and more restrictive conditions and qualifications than the residential side offers. This is due to the increase risk that a commercial mortgage Texas represents for the lender. This risk is due in part to the volatility of commercial property values and also in part to the connection between economic conditions and a business’s potential for success.

You will also learn very quickly that a commercial mortgage Texas offers a lower loan to value ratio. This means that you are only able to borrow around 70% of the actual value of the property. So you will need to have the cash available to make the more substantial down payment. The reason for this large down payment circles back to the volatility of the commercial property values. Because the loan is secured by the property that you are purchasing, it is the collateral, the lender wants to be sure that there is instant equity in the property. This is the final safety net for the lender in the event that you default on the loan the lender is forced to sell the property to recover their money.

You will also discover that commercial loan terms are much shorter than residential mortgage loan terms. A typical home can be financed for 30 years but most commercial property loans are written for a term or 15 to 20 years. With these shorter terms it is very critical that your business be able to demonstrate steady cash flow and the continued ability to make the payments on the loan.

There Are Many Costs to Pay

As a residential borrower, you are familiar with the cost of the interest on the loan and the points that you might have paid at closing. But a commercial property mortgage can have a lot more fees. And some of those fees might be due upfront or hidden deep within the loan document. Be ready to pay a loan application fee, a loan processing fee, survey costs, appraisal fees and even environmental testing to ensure that the property is not contaminated. Because the process is much more intricate than a residential loan processing, there are many more administrative and legal fees that are involved. And as you might expect, the lender is going to pass all of those costs on to you, the borrower.

Knowledge is Critical

Undertaking your first commercial property loan application can be intimidating. But taking the time to learn the terminology, the process and the qualifications for a commercial loan will help you to understand why the long process is necessary. It can also help you to tailor your application to meet the specific interests and needs of each lender that you might choose to work with.

Dennis-Dahlberg-Mortgage-Broker-1_th

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

What Are Your Options When Seeking Commercial Mortgage in Texas


1page_img3-bigCommercial mortgage Texas brokers can help you discover what options are available to your business when trying to find the right loan. Even if you have less than perfect credit or are just starting to establish credit, a broker can help you navigate the unchartered waters of getting a loan.

There are always unforeseen situations in business that may leave you in need of hard cash – and fast. That’s where a loan comes in handy. However, trying to get one on your own, as a new business owner, can sometimes prove difficult. Working with a trusted broker for your commercial mortgage Texas is a great way to go, because they can help guide you through the process and make sure you have what you need to be eligible for a loan.

You have several options when it comes to getting a loan – and it all depends on your needs. You can seek an equipment loan, specific to the purchase of large machinery or equipment needed to start or expand your business, property loan, short and long term loans. There are even loans specific to green building. Do some research to find out what type of loan you need before meeting with a broker or a lender.

You can also do some research as to the commercial mortgage Texas loan amount you might need or be eligible, then find out what your approximate monthly repayment amount might look like. There are variables that may affect this such as fees, interest rates, and down payment amount that you are able to initially invest.

A hard money commercial mortgage Texas might be the way to go if you have less than desirable credit or are just starting out in business and traditional banks don’t want to take the “risk” of approving your loan.

A broker can advise you on a hard money lender that can get your loan approved without all the bureaucracy that conventional lenders and banks have to go through. As long as you can prove that you can pay your loan back, and on time, that is all that a hard money lender really cares about.

Take some time to research what this type of loan can do for you and your business. Whether you need some cash fast to get up to speed on what you owe vendors, getting your payroll going smoothly, or purchasing new equipment to better your business services for your customers, getting a hard money loan can catapult your business to a whole new level. Talking to a broker, getting advice on the type of loan that is best for your needs and getting all your documentation in order prior to the loan approval will increase your chances for eligibility. So what are you waiting for? Talk to a broker, you won’t be sorry!

Dennis-Dahlberg-Mortgage-Broker-1_th

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Saturday, September 30, 2017

The Ins and Outs of Getting a Commercial Mortgage Texas


Arizona-Home-Loan-Mortgage-Broker-150x150Figuring out the process for obtaining a commercial mortgage Texas is not as difficult as it sounds. With a few tips and some research along the way, you can be successful in getting the loan you need for your business.

A commercial mortgage Texas can be sought be businesses for many reasons and purposes. Thought these types of loans are the most complex, so proper research and due diligence will take to you a long way to ensure you understand what you need to do to be successful in obtaining the loan. There are also some things you can avoid doing so you don’t fall into the pitfall of getting your loan application rejected.

First, it’s important to find the right lender to work with. Look for one with professional experience with the loan you are looking to obtain and the type of business you conduct It’s also important to find a lender who will offer terms that work with your specific budget. Being familiar with the terms of the loan and with commercial mortgage Texas in general, with help you as you seek the right lender. Even if you have worked with a bank or lender in the past, make sure that entity or individual is rightly suited for this specific situation.

It’s also important once you’ve chosen a lender to seek the counsel of a lawyer to review documents before you sign anything. If you work with a lawyer that has experience in commercial mortgage Texas, all the better. They can make sure the paperwork is in order, that you are getting what you are under the impression you are getting, and that all the terms are legal — and reasonable.

Making sure you can afford the terms of commercial mortgage Texas loan is very important.

It’s important to understand that you will be responsible for a monthly (or otherwise agreed upon) repayment schedule with you obtain a commercial mortgage Texas, so you need to make sure you have the ability to repay under the terms. Prior to making any agreements, review your business plan and your budget to ensure the terms of the loan won’t put your finances in a crunch. You may benefit for reducing some of your costs in other areas, increasing your product line or offering services in a new, bigger market to regain more capital.

As with anything in business, it's important to be as prepared as possible.

While you can’t predict the future, as a business owner, it’s important to make sure you are financially prepared to handle the “unexpected” pitfalls that are certain to happen in business along the way. Having cash via loan can sometimes make the difference in being able to handle these pitfalls with ease or having an unexpected bump in the road put your business in a bind. Responsible planning is a good for any business, and having your financial documentation in order can help ensure you continue to be successful in business.

Dennis-Dahlberg-Mortgage-Broker-1_th

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage