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 texas commercial real estate loans. Show all posts
Showing posts with label texas commercial real estate loans. Show all posts

Sunday, October 1, 2017

Tips for Success in Commercial Real Estate Loans Texas


4page_img7-bigThere is more to the gravity of commercial real estate loans Texas than just the dollar amount. Using a few tips can help you to be more prepared and more successful when submitting a loan application.

Preparation will have a huge impact on the success or failure of an application for commercial real estate loans Texas. There are a lot of important factors that you will need to prove to the lender to be approved. The first is that you have a well-documented and stable cash flow. This is going to assure the lender that you have and will continue to have the means to make the loan payments. In addition, you will need to provide documents showing your assets and liabilities, and previous tax information for several years. This is going to speak to the longevity of the business as well as its financial stability and ability to weather a variety of economic conditions.

Even if you have a great relationship with your current bank, you will want to broaden your search for lenders for commercial real estate loans Texas. Knowing a banker is always helpful but in the case of commercial real estate loans Texas, it could be more important to select a lender who is better suited to your commercial needs. If you are looking for a small to medium sized loan but you are currently using a large national bank, then they might not be the best choice for a commercial loan. And likewise, if you are banking with a local or regional bank but need a very substantial commercial loan then they might not be able to meet your needs for the loan. Matching the lender to your specific request can take some time but the effort will pay dividends in the speed of processing and the overall quality of the customer service experience.

Understand the Risk a Commercial Loan Represents

There are many reason that a commercial loan is more risky for the lender. Understanding those risks and how it will impact your loan terms is important. First, commercial property values can fluctuate more and more rapidly than residential property values. For that reason, the lender will insist that the buyer make a larger down payment. This creates instant equity and ensures that the property, the collateral on the loan, will always have a value greater than the loan balance. Second, businesses are more susceptible to economic trends than consumers so lenders want to know that commercial borrowers are fully vested in the property due to the large down payment. And because the loan is a greater risk, the lender is going to charge a commercial borrower a higher interest rate. So even with very good credit, you will pay higher interest on a commercial mortgage than you would on a residential mortgage.

Complete Your Due Diligence

Before you decide to purchase a commercial property it is important that you learn about the commercial lending process, the criteria for loan qualification and the terms specific to commercial mortgages. In addition you will need to research the commercial real estate in your area to learn about what is available and the current market trends. All of this information will help you to make a good financial decision.

.

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

How Commercial Real Estate Loans Texas Benefit Your Company


4page_img4Obtaining commercial real estate loans Texas bring businesses new opportunities that they might not otherwise have been able to afford. Read on to learn how your company can realize the benefits of this type of loan to take your business to the next level.

Bottom line: starting out in business or growing your business takes capital. Capital that you as a small business owner might not just have lying around. So seeking commercial real estate loans Texas can get you the cash you need to grow your business. Loans can help your company in many ways, and with a little “cushion” money, you can make a lot more money for your business!

When seeking a loan, it’s important to present your business and your financial situation in the best light possible. After all, in business, as in many things, first impressions make or break any situation. The exterior of a building, marketing materials, the interior of an office, etc., all contribute to the impression that client and customers make about a company — even in the first few minutes, regardless of the quality of their goods and/or services. So making a good first impression is crucial. If you are able to obtain commercial real estate loans Texas, this can go a long way toward creating a great first impression for your company.

Beyond making modifications to your business, a loan can benefit your company by serving as a cushion in unexpected times of tight cash flow. It can be extremely stressful for a company to be continually “cash strapped” and a loan can be a great source of financial security in uncertain times for your business. Having the extra cash to ensure your payroll stays on target, you are able to pay vendors and suppliers on time and that you even have a little extra to invest back into the company in the way of improvements or additional products can be a business “life saver.”

Commercial real estate loans Texas can benefit your company in countless ways by helping your reach new markets, expand into a new region or build additional locations, or have the capital to market your business via advertising and other opportunities

When you decide to apply for a loan, you can feel confident that you will have the financial stability to make company growth decisions. Sometimes growth requires a lot of extra capital to make it happen, but the return in investment is usually worth it. This is one of the greatest benefits of a loan – knowing you can use it to help your company reach limitless potential.

Make sure you research the loan that is right for you.

Whether you need a short-term loan for “fast cash now” or you are in need of an equipment loan to buy machinery or equipment to grow your business, seek the right option for your needs. Talk to a professional lender or broker about your needs. They have the experience and expertise to help you determine what type of loan would best benefit your 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

Saturday, September 30, 2017

Texas Commercial Real Estate: Plans to update JC Penny’s Plano headquarters


4page_img1Texas commercial real-estate developer Sam Ware recently implemented plans to modernize a portion of JC Pennies Plano headquarters.

JC Penny recently decreased its foot print on its sprawling Plano, Texas headquarters. While the company will continue to remain on the site, it leased out part of the campus to developer Sam Ware. Ware is known for his value-added approach to commercial development. Ware will modernize his portion of the campus, naming the new development, “The Campus at Legacy West.”

Wares purchase was one of the largest commercial real estate transactions in North Texas in 2016. JC Penny made steps to downsize and after consulting with CBRE realtors and decided to lease out unused space on their campus. JC Penny will continue to occupy 1.1 million sq. ft. on the site, leasing the rest to Ware. Ware will make use of 600,000 sq. ft. of newly vacated office space as well as 300,000 sq. ft. of underused mezzanine space. The total sale price amounted to 353 million not including the improvements Ware intends to make. Ware intends to directly invest 60 million into new improvements on the site, with the help of a 377 million dollar mortgage from Beal Bank.

Job growth in the area made the site particularly attractive to Ware and other developers. The Plano area has boasted job growth of 3.8 percent year over year, 1 percent higher than the rest of the state. Office absorption has been positive in the area for 81 months. The site is already adjacent to the sprawling Legacy West Development, which already has offices for Toyota, Liberty Mutual and JP Morgan Chase. It is also nearby the sizable “Legacy West” urban village. Ware claimed “There is not another competing Class A corporate campus with this much contiguous space available in North Texas.” He sees a unique opportunity in the purchase “To buy this building today would run around $400 per square foot. If we had to create this building today, the land alone would cost $100 million and it would cost $800 million to build it,”he said.

“The Campus at Legacy West,” will stand out among Texas commercial real estate developments.

The site already boasts many amenities. The property is the only office building in the area with a Starbucks, a Subway and a pharmacy already on site. 50,000 square feet is already dedicated to amenities. Ware intends to expand on these amenities. He and his partners will spend 100 million dollars to add updated child care facilities, medical offices and expanded food service options. These updates will no doubt attract tenants to “The Campus at Legacy West.”

The area around the campus is one of the most desirable in Texas commercial real estate. Will Wares improvements to the site pay off?

A lot is at stake for Ware with such a huge investment. The site has many advantages already and clearly the immediate area is in high demand with a number of multi-billion dollar developments already established. Will Wares improvements to the site be enough to distinguish “The Campus at Legacy West” from adjacent office parks? Time will tell.

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

Texas commercial real estate: Parkland Memorial Hospital to see redevelopment


credit score at level 4 arizona hard money lenderTexas commercial real-estate developer Sam Ware has big plans to revitalize Dallas aging Parkland Hospital Campus

Ware recently completed a lease buy back arrangement for the 38 acre property with the Parkland Health and Hospital Systems Board of Supervisors. Ware is entitled to 500,000 sq. ft. of the site for the next three years. Ware intends to redevelop the location into an amenity rich, mixed use development known as “the District.” Ware has made it his business to add value to aging properties like Parkland Memorial Hospital. With so much new office space going up in the area, will the remodeled Hospital site be able to compete? Ware obviously thinks so.

Sam Ware is not unfamiliar with redevelopment projects. He has been redeveloping a range of sites since the 1980’s. His most recent acquisition, a portion of the JC Penny Headquarters, he intends to develop into, “The Campus, at Legacy West.” Ware has called the Parkland project “a once in a life time opportunity.” Claiming “you couldn't get a similar deal in Dallas’ competitive market for under 500 million.” True to his form, Ware will focus on keeping costs low by redeveloping the existing buildings on the site. In his appeals to purchase the property from the Parkland Hospital Systems’ board of directors he claimed the form of the site is, “dysfunctional, but your bones are worth $200 million. Just let the architects figure it out.

Ware will invest 250 million dollars in the project to redevelop it into a mixed use destination called “The District.” Current proposals to renovate and repurpose the existing buildings include, converting the emergency room tower into a hotel for visiting doctors and developing micro-apartments by combining old patient rooms. New amenities will be added to the site as well. Ideas include a valet service, a high end gym, restaurants and a grocery store. To plan the redevelopment, Ware intends to use the team that helped him implement his vision at the former JC Penny Headquarters

Wares redevelopment project has significant potential when compared to other Texas commercial real estate developments.

Prior to the sale CBRE described the Parkland Memorial Hospital campus as a “significant redevelopment opportunity in Dallas-Fort Worth,” an apt description. The site sits on 38 acres in the heart of Dallas’ medical district. The campus has about a dozen existing buildings, of varying sizes along with parking garages and open land. It is adjacent to Lovefield and Dallas’ uptown district. In addition the site boasts access to two nearby commuter rails. Redevelopment of the site is an undeniable opportunity. The immediate area has the highest density zoning in Dallas, outside of the cities central business district. High density zoning allows up to twenty stories to be added on to the sites existing buildings, giving the opportunity to expand the available square footage on the site to to 4.5 million.

It is uncertain whether “the District” will stand out among other Texas commercial real estate developments.

Ware intends to capitalize on the sites pre-existing advantages. The Parkland Campus is centrally located and indicated for high density development. Clearly it is cheaper to remodel the existing buildings on the site. Other developers may have simply started from scratch. Ware has succeeded with similar efforts in the past and the proposed amenities will no doubt add value to the location. Time will tell whether “the District” will be able to compete with new construction in the area.

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

Texas commercial real estate: A look at the Dallas Midtown development


HB_pierTexas commercial real-estate developer Scott Beck has big plans for the site of the former Valley View Mall.

The aging Valley View Mall was recently demolished to make way for a new development, “Dallas Midtown.” Spearheading the effort is developer Scott Beck. Beck claims “Dallas Midtown,” is the most important construction project to take place in Dallas during this century. The amenity rich, mixed use development is a massive project, which Beck claims will encourage companies to relocate their offices into the heart of the city. “Today will mark the day when our city stops the flight of corporate America from our city’s urban core to the far-out reaches of our northern and western suburbs,” he said during a press conference after the demolition.

Beck claims “Dallas Midtown” will be a “city within a city.” The project will amount to an “urban, mixed-use village in the center of the population density in Dallas.” According to plans, the development will be fully operational by 2020 at a total cost of 4 billion dollars. In the end the project will amount to 1 million sq. ft. of additional retail and office space. Other amenities will include a 10 screen luxury cinema, a 183,000 sq. ft. gym, 1,000 new apartments all which will be anchored by the 20 acre Midtown Commons Park.

The Dallas Midtown project is a big opportunity for Dallas to expand the city’s tax base. Once completed the development will add about 20 billion dollars in taxable value to the city, which according to Beck, represents the sum total of the taxable value located in Dallas’ central business district. Local politicians agree, Council Representative, Tennell Atkins claimed the project was a “mega big tax growth for the city of Dallas.” Revenue brought in by the development will help the city repair aging infrastructure and help bring improvements to the cities struggling Northern Sector.

Dallas Midtown, will no doubt become one of Texas’ most significant commercial real estate developments.

Whatever the outcome of the project, it will no doubt result in major changes to the surrounding area. The anchoring park, Midtown Commons will be one of the city’s largest and will dwarf the 5 acre Klyde Warren park, one of the city’s largest. Amy Monier, parks and recreation representative for the district claims Midtown Commons will be a Dallas equivalent to Central Park and will define the area for generations. The project will be the most robust mixed use development in the city, and according to some, one of the most transformational projects ever undertaken in Dallas.

Community leaders agree with Beck's claims. Believing Dallas Midtown will define the Texas commercial real estate market for generations.

The sheer amount of office-space added by “Dallas Midtown,” will certainly make an impact on the commercial real-estate market. If Beck's claims for the potential of the development hold true, an aging neighborhood will no doubt see new life and the city will be encouraged to invest in the immediate area. Whether the scale of the development exceeds the demand for commercial space remains uncertain. But local authorities are clearly behind Beck's vision, former councilwoman turned state representative, Linda Koop expressed her faith in Beck's ability to transform the site, “ I know with Beck in charge, it will be that kind of project that will be a project that will last and last and last and be a centerpiece of not only North Dallas but of Dallas as well,” she said.

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

Texas Commercial Real Estate: Need for temporary offices offset by telecommuting and co-working after Harvey


4page_img5Commercial real estate in Texas saw an impact due to Hurricane Harvey. Offices are being transformed as businesses relocate temporarily.

The commercial real-estate firm CBRE reports 40 centrally located Houston office buildings were damaged by the storm. Short term displacement is forcing many businesses to capitalize on technology and to take up new trends. Office buildings in Houston's Energy Corridor felt the brunt of Harvey's impact. The release of water from the nearby Addicks Reservoir caused extensive flooding in the area. According to NAI Partners representative Dan Boyles Jr, the main problem appears to be water in the mechanical and electrical systems of office buildings. Even with minor structural damage, the demand for temporary office space has been high in the wake of Hurricane Harvey. Energy Corridor President David Hightower claims he is “getting flooded with emails about folks needing space.” With the need for temporary space, the dynamics of how businesses operate is being changed by Hurricane Harvey.

Telecommuting has offset the demand for temporary space on the part of businesses impacted by Hurricane Harvey. This is no great surprise, Global Work Place Analytics estimates 50 percent of jobs in the US are telecommuting compatible and 25 percent of Americans telecommute to work on a regular basis. Technologies like Skype are allowing businesses to continue their operations without the need for temporary space. Businesses weren't able to rely so heavily on such technology in the past, but this appears to be the case after Hurricane Harvey.

More businesses are making use of shared office space and the Texas commercial real-estate market could change as a result.

Other businesses are making use of shared office spaces. Many businesses in the area were unfamiliar with the co-working concept, leading to many co-working spaces to suffer from high vacancies prior to the storm. Now co-working occupancies are sky rocking. Tech-space, a co-working office in the West Chase area has 60 percent of its seats currently occupied. Its owner expects that by the end of the week all of Techspaces seats will be leased out. Co-working offices can be operational in less than 24 hours. Many local businesses are realizing the benefits of the co-working concept. Spoden the owner of Techspace, claims some new tenants are considering leaving some staff-members behind, even after their offices are repaired. A temporary boost in co-working spaces and telecommuting may have a long lasting impact on the dynamics of Houston's office market.

It is still unclear whether telecommuting and co-working will have a long term impact on Texas commercial real estate.

Short term demand for offices is likely be propped up by businesses whose operations are directly related to rebuilding efforts. But after damaged offices are repaired, will Houston businesses continue to take advantage of technology or more modern cooperative office spaces? If so this could reduce the demand for traditional office space and vacancies in the Houston area could continue to remain high even after Harvey’s damage is repaired.

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

Texas Commercial Lending: Could local banks benefit as a result of Hurricane Harvey?


Twarehouseexas commercial lending will feel the impact of Hurricane Harvey. But commercial lenders in the Houston area expect certain sectors of the local economy to see an uptick. Could a short term boost in economic activity help the regions banks?

Houston based banks will see an increase in both lending and deposits, this could prove beneficial in spite of the short term losses incurred as a result of Hurricane Harvey. Recovery efforts after disasters can inject new life into the economies of impacted areas. During Hurricane Ike, Houston reported an increase in sales tax revenue. The case could be similar with Hurricane Harvey. A burst of economic activity in specific sectors could benefit the regions banks. In particular lending related to those areas of the economy that could benefit as a result of the storm.

Commercial lenders anticipate certain sectors of the region’s economy to experience an uptick in the wake of Hurricane Harvey. No doubt hotels will see a short-term spike in business and the multi-family market will experience increased demand as well. Commerce CEO, Ralph Babb Jr, noted in at a recent conference that “As a result of Hurricane Harvey, leasing activity has picked up substantially.” Displaced residents are looking for temporary housing, increasing the demand for apartments. Consumer loans, construction loans and auto loans will rise as well, as residents seek funding to replace damaged property. Short term increases in these areas of the local economy will help prop-up lending activity for local banks and this may even translate into a long term benefit.

Major disasters can be a net positive for local banks. Outreach efforts by local banks to disaster victims could strengthen customer relationships and help attract new business. Hovde Group analyst Joel Fenech cites Hurricane Katrina as an example of how disasters can benefit banks both in the short term and the long term, stating “the timing of Katrina, in my view, actually helped to shield the affected banks from the more devastating impacts of the Great Recession.” Fenech claims that banks that lent after Katrina emerged from the recession stronger and some even became acquirers of struggling banks.

Higher insurance prices will impact Texas commercial lending in the long run, but short term job growth for reconstruction may bolster construction loans.

The storm might deter new construction in Houston, but it could also prop up job growth in the short term. Major disasters increase risk for insurers, inflating the cost of policies. Higher insurance rates might deter new construction, unrelated to rebuilding efforts in the long term. The demand for new construction in Houston however has been tepid for some time. Efforts to rebuild could prop up jobs related to construction and bring about short-term employment opportunities in this struggling sector of the local economy.

Texas commercial lenders will benefit from Harvey in the short term, it is unclear whether this short term boost will translate into long term growth.

The hospitality industry will benefit and apartment sales will increase as a result of Hurricane Harvey. Consumer loans and loans related to reconstruction will also rise as residents seek to repair and replace damaged property. Reconstruction efforts could prop up employment in the short term. Whether these short term benefits due to the storm will translate into long term benefits for regions banks remains uncertain.

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

Texas Commercial Lending: Bank of Austin gets its charter approved


2page_img3-bigTexas commercial lender the Bank of Austin is the first newly chartered bank in many years, a development that may inject new life into the Texas economy.

The Bank of Austin will focus exclusively on serving the needs of local business owners. The Bank will “ strive to create relationships with those businesses and individuals that would prefer doing business with the Bank, rather than the branches of regional, national or international financial institutions,” according to the recently approved charter. The number of chartered banks, in both Texas and in the nation has declined since the Great Recession. Could the Bank of Austin represent a revival for community banking in the region?

The Bank of Austin is the first newly charted bank in the state of Texas in 8 years. The bank will focus exclusively on small business owners in Williamson and Travis counties. Its founders claim there is a lack of lenders specifically focused on small businesses in the area. State regulators apparently agree, which is why the charter was given the go ahead. Texas Banking Commissioner Charles Cooper said in a statement “the formation of this new state bank is a very positive sign that community leaders are again seeing the advantage of a locally owned and managed financial institution. The Texas economy needs a strong community banking system to provide credit opportunities to small businesses and consumers.”

The Bank of Austin intends to minimize overhead in order to offer a higher level of customer service. CEO Jon Eckert said “Most regional and large banks can’t financially justify using their most experienced, highly trained employees on smaller operations because the returns just aren’t’t there.” The Bank of Austin will remain at a single location for the first few years and will provide the majority of its services online. According to Eckert ,”The Bank of Austin is going to be a tech-focused bank in terms of our operations and delivery of services,” The banks use of technology will provide a new level of convenience for its customers and lower its operating expenses.

Can the Texas commercial lenders, succeed as they did in San Antonio?

The Bank of Austin founders hope to replicate the success of the Bank of San Antonio, another bank founded by the same group. The Bank of San Antonio began in 2007 with just 25 million dollars in initial investment, it now holds 698 million in total assets. The Bank of Austin seeks 40 million in initial investment, an amount that should cover the banks operating expenses for three years. The Bank of Austin’s founders believe that the banks simplified organizational structure will help them repeat the success they achieved at the Bank of San Antonio. Eckert said the bank “will only have an Austin agenda” and the group is “only focused on making sure we take care of clients in Austin and the surrounding area.”

Will the Bank of Austin’s one-on-one approach help it stand out among Texas commercial lenders?

Operations by the Bank of Austin will be centralized at one location for the foreseeable future. This factor and the use of technology will minimize overhead costs for the bank. With low expenses and a focus on customer service the banks founders hope to replicate their success at the Bank of San Antonio. But competition with alternative lenders is stiff. Online lenders have even lower overhead costs than the Bank of Austin. Will the Bank of Austin be able to keep up with the pace of innovation in the Fin Tech industry?



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

Texas Commercial Real Estate: Texas cities compete for Amazons new headquarters.


Industrial-Property-300x214Amazon recently announced plans to build a second headquarters. The Texas commercial real estate market has shown robust growth for many years, will the states growing economy is enough to attract Amazons new headquarters?

Amazon has a long list of benchmarks before any city can be considered for its new headquarters. The metro area must have a population that exceeds 1 million. Any prospective location must have on site mass transit, be within 45 minutes of an international airport and have immediate access to a major highway or arterial road. Amazon also wants prospective cities to have a vibrant student population and excellent educational institutions. A number of metros in Texas meet Amazons guidelines, but Dallas and Austin stand out among the crowd as the most likely locations for Amazons new headquarters in the state.

Dallas has a number of distinct advantages among Texas cities in the competition for the new Amazon headquarters. The Dallas Regional Chamber and the Mayor have already taken concrete steps and are already scouting locations for the proposed headquarters. Only San Francisco exceeds Dallas in terms of high tech talent. The University of North Texas at Denton is already a major recruitment base for Amazon, offering the nation’s only digital retail degree. Dallas talent base, low-cost of living and excellent infrastructure are sure to be positive factors Amazon will consider before it makes its decision.

Austin is also on the short list of candidates for the new headquarters. The city offers a burgeoning student population, with more than 425,000 college students residing in the immediate area. Other tech-giants have found the region favorable. Apple, Google, Facebook and Samsung already have established their offices in the city. Amazon may consider the proximity to Whole-Foods Headquarters as the biggest attraction for building its new headquarters in Austin. Amazon just bought the grocery chain and the opportunity to have two headquarters in one city makes Austin very likely to win the bidding war for the new headquarters.

Other Texas cities are also competing for the Amazon headquarters. Demonstrating just how robust Texas’ commercial real estate market actually is.

Apart from Dallas and Austin, other Texas cities are throwing their hats in the ring. 10 Amazon fulfillment centers, with 10,000 employees are located in the Fort-Worth Area. The cities recent airport expansion enables cargo transport to Asia, a real benefit Amazon may consider. Houston has also expressed interest in the new headquarters. Houston has plenty of centrally located and vacant office space available. But the city, even with a significant student population, doesn't have a strong tech-scene when compared to Dallas. San Antonio is also making a bid, but the city may not have sufficient space downtown and the airport lacks some of the capacity Amazon has requested.

Texas’ commercial real estate market is one of the strongest in the nation. But how will Texas fare against other states?

Cities in Texas of course want the prestige of being chosen for the new Amazon Headquarters, as well as the potential economic benefits Amazon promises. But Texas isn't the only state or area being considered. Cities in Texas are still in competition with potentially more prestigious cities like San Francisco, Boston or New York. Amazon executives have already put Boston at the top of the list, according to Bloomberg. However Boston and other densely populated cities may be too expensive for many low level Amazon employees. Texas and cities like Austin and Dallas stand out due to their low cost of living and their business friendly environments.

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