Learn To Be A Fix & Flip Investor

Thursday, September 28, 2017

Banks Known for Commercial Lending in Texas Reach a Mutual Termination Agreement That Benefits Both Parties

Two top commercial lending in Texas banks have recently terminated their merger agreement that was established at the beginning of this year, on January 23^rd. The mutual termination was needed for bother companies to continue to be successful on their own.
Hope Bancorp, Inc., the holding company for Bank of Hope had reached a merger agreement in January of 2017 with U & I Financial, which is the holding company for UniBank. Just last week, Globe Newswire reported that the two companies entered a mutual termination agreement.
Hope Bancorp, who specialize in commercial lending in Texas, had reported financial weaknesses after the 2016 audits of financial statements. Luckily, they have since made progress to improve and fix these issues in their own financial systems. As stated in the original merger agreement, because of the financial weaknesses found with Hope Bancorp, it has been agreed for the merger to not be complete.
The termination of the merger agreement includes that each party involved is responsible for their own costs and expenses that are associated with the termination transaction. However, this does exclude any fees or penalties that are caused by the actual termination between Hope Bancorp and U & I Financial.
Top commercial lending in Texas bank is eager to bounce back after financial instability
Hope of Bank happens to be the first and also only Korean bank in the country. They have $13.9 billion dollars in total assets and Kevin Kim serves as President and Chief Executive Operator. Kim has expressed his disappointment in the merger not going through, but he agrees this is the best decision for both parties involved. Bank of Hope currently has 64 branches across the United States, including some in Texas who specialize in commercial lending in Texas. They also specialize in other business banking products for small to medium size businesses.
Bank of Hope is trained in commercial lending in Texas and also lends a helping hand to the Small Business Administration
Hurricane Harvey hit the southeastern part of Texas hard just a few weeks ago and the entire area is trying to make progress and rebuild, especially those needing commercial lending in Texas. With the merger, not being completed between Hope Bancorp and U & I Financial, these two establishments are able to focus more of their efforts on helping the area rebuild after Hurricane Harvey damaged 18 counties in the state.

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

Danger your prized collection is a Hazard

Recently had a call from a borrower who wanted to refinance and pull out cash on their owner occupied home.

Home was 'valued' at 650,000 in north Scottsdale on an 5 Acre Lot.

Currently no loan on the home. Just need $350,000 for brothers medical bills. "We have excellent credit and steady income."

This sounded too good to be true!

I did my preliminary questions and the borrower said: "have been trying to get a loan for quite some time now"

Oh-oh, red flag.

Continued my questioning, and did not understand what the problem was.

Until I Google View the property.

And bingo-bango-bong, I could see what the problem was.

This perfect borrower had 100's of old boats on the lot! In Arizona.

It was his hobby, and he was going to fix them up and sell them one day.

It look like a junk yard, not a home.

But I did not give up. I found a lender that 'would work' with the borrower and was able to close the loan.

Seems like his hobby of collelcting old boats was a problem but we were able to get him a loan.

Owner occupied private hard money loans are available. The rates start around 8% and go up. We were successful and this borrower qualified for a 30 year loan from a private lender.

Now all he has to worry about is fixing up those old boats and selling them. He thinks he is going to get it done some day. Hopefully before the flood.

Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC Private Hard Money Lender
Arizona Tel: (623) 582-4444

Technorati Tags: bad credit,home loan with bad credit

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 and 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Wednesday, September 27, 2017

A Handful of Successful Banks Offering Commercial Lending in Texas Recognized by American Banker

Each year, American Banker are eager to report their list of the Best Places to Work for across America. Some of the top banks who happen to specialize in commercial lending in Texas were named on this year’s 2017 list.

The Lubbock-Avalanche Journal recently reported that several banks with commercial lending in Texas experience in the Lubbock area were on American Banker’s list as one of the American Banker’s Best Places to Work. First Capital Bank of Texas, Peoples Bank, American Bank of Commerce, City Bank, Happy State Bank, First United Bank and Vista Bank were all honored by American Banker.

Banks from all across America were evaluated on a number of different things that included workplace policies, workplace practices and also demographics. Employees were asked to conduct surveys relating to their experience working for the bank. It is important that other banks are encouraged to take note of the winning banks’ policies in hopes that they may be able to adopt similar policies that will help their bank and community thrive.

This year’s ranking happens to be the fifth year for American Banker’s Best Places to Work list. This year, a total of 75 banks from across America were put on the list for 2017. But western Texas happened to have the most banks recognized by American Banker compared to other parts of the country. Texas is home to many banks that offer commercial lending in Texas and the state happens to be a big capital for the market.

American Banker recognizes those with commercial lending in Texas experience to set standards.

For five years, American Banker has recognized the best banks to work for in hopes of promoting a culture of high performance along with positive experiences for all of those involved. American Banker hopes that others can learn from these notable banks that they can learn and adapt a similar culture to improve the experiences of their employees and customers.

Banks hope that being recognized means that they are the real deal in the commercial lending in Texas market.

Banks with commercial lending in Texas experience that were acknowledged were able to properly accommodate employees and all of their needs to feel more appreciated. On top of this, the banks also delivered exceptional customer service while maintaining positive relationships with not just their customers, but also their employees.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Banks Eager to Assist the Small Business Administration with Commercial Lending in Texas after Hurricane Harvey

After Hurricane Harvey hit and severely damaged southeaster Texas, the Small Business Administration has stepped in the lend a helping hand. But local banks think that they should help to speed up the commercial lending in Texas process.

The Small Business Administration is helping small businesses with commercial lending in Texas to those who have been hit by Hurricane Harvey. The government organization offers support and disaster loans up to $2 millions to those impacted by natural disasters. The Small Business Administration has already processed close to 100 loans, totaling $8.5 million dollars.

Local banks usually do not assist with disaster funding because they are more of a financial risk compared to conventional lending. But many are currently in need of disaster commercial lending in Texas and many of the banks in the area that were hit hardest by the category 4 storm want to help the community without making a profit for it. Banks and lenders have first-hand seen the devastation that Hurricane Harvey brought, causing 18 counties in Texas to be declared disaster areas.

However, the Small Business Administration feels that disaster funding is unsuitable for banks and lenders. A law was placed in 2008 that directed the Small Business Administration to be in charge of disaster funding. The administration was established to help small businesses get back on their feet after being impacted by a natural disaster. This is why the Small Business Administration want to deal with disaster loans themselves.

With $19.4 billion backed by commercial lending in Texas were put at risk due to flooding, the Small Business Administration could actually benefit from any help they can get.

The idea of the Small Business Administration working with local banks and lenders would really help the community get back on their feet faster. It would be more effective to process the high number of applications for commercial lending in Texas, if there were more hands on deck. Many across the state of Texas will need assistance and if banks are willing to help, then it is a win-win solution for all involved.

Nearly three quarters of banks polled want to lend a helping hand with commercial lending in Texas after Hurricane Harvey

People in the area that was impacted by Hurricane Harvey know how much damaged was caused. This could be the reason why 70 percent of the 40 banks polled by the Coleman Report and reported by the American Banker said they would welcome the opportunity to help the Small Business administration with funding disaster loans to those in need after Hurricane Harvey hit.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Recent Dispute Reaches a Settlement After Complaints Were Filed Over Commercial Loans in Texas

It was recently reported that a dispute on the verge of a court date has been settled between lenders and a group of greenhouse operations, Color Star Growers. Not long after the company received a commercial loan in Texas, Color Star Growers shortly filed for bankruptcy, causing tensions between lenders and the company to rise.

Law 360 in Dallas reported the vague details regarding a fraud dispute totaling around $66 millions dollars. In a statement that was released by Regions Bank, who specializes in commercial loans in Texas, the banks say that they resolved all pending claims, even including counterclaims, with MCG Capital Corporation. A separate federal case between Regions Bank and Comerica Bank was also recently resolved, but details from that case was not reported.

The dispute between lenders and Color Star Growers stems from a federal and state litigation that totaled around $66 million in loans. Color Star Growers obtained a commercial loan in Texas, but just a short year later, they ended up filing for bankruptcy. This then led to accusations of Color Star Growers committing fraud.

Color Star Growers were accused by lenders of committing fraud by hiding their terrible financial woes. This of course then caused a claim to be issued between lenders and others, stating that Regions Bank actually knew about all of Color Star Growers’ financial inaccuracies, but didn’t end up informing the lenders of any of the financial issues.

Regions Bank denies complaints from lenders who issues commercial loans in Texas to Color Star Growers

Even though the lenders claim that Regions Bank actually had the knowledge of Color Star Growers’ financial issues, Regions Bank continuously denies that they knew anything about the financial issues and troubles that Color Star Growers were experiencing. Regions Bank also made sure that they stated that they did not see any documents that showed any financial issues to back up the claim that they were aware.

A little over a year after Color Star Growers received a commercial loan in Texas, the company went and filed for bankruptcy.

In 2012, Color Star Growers received a commercial loan in Texas from lenders and then was forced to file for bankruptcy at the end of the 2013 year. Lenders claim that Color Star Growers made an “enormous” overstatement of its actual inventory, which led to “fictitious” profits. The lenders stated that Color Star Growers had less than $7 million dollars in inventory, when they claimed that they had $17 million in inventory. The exact terms of the settlement were not disclosed in court documents.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

A Top Leader in Commercial Loans in Texas Benefits Growing Austin Community with New Office Location

Guaranty Bank and Trust are lending a helping hand to those in need of commercial loans in Texas by expanding to the Austin market. The loan production office is expected to open very soon. After the loan office opens, then the bank plans to expand their services even more by getting approval to become a full-service bank.

Globe Newswire reports that the brand-new location of the Guaranty Bank and Trust in the heart of Austin will increase the number of commercial loans in Texas. The Austin area will be able to see many benefits from having their own Guaranty Bank and Trust location, which will service many commercial and consumer customers with a number of banking and financial needs.

Mr. Travis Brown has been named the new President of the new Austin location. Mr. Brown has over 12 years of commercial loans in Texas experience, especially throughout the area and city of Austin. He is known for having established a number of great relationships with many in the banking industry, like with local business owners and also many real estate investors. Mr. Brown also comes with an extensive background and knowledge in the banking industry.

A native to the city of Austin, Texas, Mr. Brown attended St. Edwards University, first earning a Bachelor’s Degree in Business Administration and Management. He then went on to receive his Master’s in Business Administration from the University of Texas located in Austin. The new president of Guaranty Bank and Trust’s office in Austin is thrilled to be part of an organization that happens to have the values and a mission that he truly believes in and which has been the foundation of the company’s success for more than 100 years.

Guaranty Bank and Trust is excited to add an experienced and knowledgeable leader in commercial loans in Texas to their team

With Mr. Brown bringing so much of his experience and knowledge with commercial loans in Texas, the Austin community, especially local businesses in the area, will be able to benefit greatly from the addition. The Chief Operating Officer of Guaranty Trust and Bank, who is also Chairman of the Board, Ty Abston, is looking forward to bringing Mr. Brown on board to his team to lead the new Austin location, especially because of all of Mr. Brown’s strong connections with those in the community.

When it comes to Commercial loans in Texas, Guaranty Bank and Trust are the real deal!

Guaranty Bank and Trust is well-known across the state of Texas, for providing their customers with financial products and services that include mortgage, trust and wealth management. Their ultimate goal is to build trusting relationships with their customers while providing excellent financial services and customer service. Guaranty Bank and Trust currently has 26 locations across 18 communities in Texas. They have loans totally $1.3 billion dollars.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Banks Eager to Help the Small Business Administration with Commercial Loans in Texas

The Small Business Administration is lending a helping hand to those impacted by Hurricane Harvey. But local banks are wanting to help the Small Business Administration speed up the process when it comes to approving commercial loans in Texas.

Many have been hit hard in Southeastern Texas by Hurricane Harvey. The category 4 storm brought record breaking rain causing massive flooding, with a total of 18 counties in the state being declared disaster areas. It could take months for the area to recover, so the Small Business Administration is stepping in to provide assistance, which includes approving commercial loans in Texas.

The Small Business Administration is a United States government agency that provides support and funding, including disaster loans, to small businesses who have been hit by natural disasters. Loans are given up to a total amount of $2 million dollars. Just last week, the Small Business Administration reported that they have processed a total of 95 loans so for, totaling $8.5 million dollars.

Due to Hurricane Harvey, the Small Business Administration has satellite offices setup in Houston, Port Arkansas and Rockport, making it a one stop location for businesses that are needing help after being hit by the hurricane. The Small Business Administration is there to serve those who have suffered property damage or economic loss. Local banks are wanting to help speed up the assistance, for example, help with approving more commercial loans in Texas. They feel that they can help the Small Business Administration be more efficient and effective since they have established relationships and know their customers.

The Small Business Administration could use a helping hand from local banks to approve more commercial loans in Texas to those in need.

The goal of the Small Business Administration is to approve loans within 21 days of the loan request. But with so many requests for commercial loans in Texas due to recent damage and economic loss caused by Hurricane Harvey, it is taking the Small Business Administration longer to process and approve some of these loans. Local banks in the area are willing to help with the process so they can assist even more people in the community.

When it comes to commercial loans in Texas, the Small Business Administration are there when you need them!

The Small Business Administration was designed to help small businesses get back on their feet after they have suffered from a natural disaster and they have been very effective in doing that. Just this past fiscal year, the Small Business Administration has approved over 25,000 disaster loans, adding up to a total of $1.4 billion dollars. The total of disaster loans issues and the total cost of support given by the Small Business Administration is expected to be even more for the 2017 fiscal year due to the devastation caused by Hurricane Harvey and Hurricane Irma.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

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Thursday, September 28, 2017

Banks Known for Commercial Lending in Texas Reach a Mutual Termination Agreement That Benefits Both Parties

Two top commercial lending in Texas banks have recently terminated their merger agreement that was established at the beginning of this year, on January 23^rd. The mutual termination was needed for bother companies to continue to be successful on their own.

Top commercial lending in Texas bank is eager to bounce back after financial instability

Bank of Hope is trained in commercial lending in Texas and also lends a helping hand to the Small Business Administration

Danger your prized collection is a Hazard

Wednesday, September 27, 2017

A Handful of Successful Banks Offering Commercial Lending in Texas Recognized by American Banker

Each year, American Banker are eager to report their list of the Best Places to Work for across America. Some of the top banks who happen to specialize in commercial lending in Texas were named on this year’s 2017 list.

American Banker recognizes those with commercial lending in Texas experience to set standards.

Banks hope that being recognized means that they are the real deal in the commercial lending in Texas market.

Banks Eager to Assist the Small Business Administration with Commercial Lending in Texas after Hurricane Harvey

After Hurricane Harvey hit and severely damaged southeaster Texas, the Small Business Administration has stepped in the lend a helping hand. But local banks think that they should help to speed up the commercial lending in Texas process.

With $19.4 billion backed by commercial lending in Texas were put at risk due to flooding, the Small Business Administration could actually benefit from any help they can get.

Nearly three quarters of banks polled want to lend a helping hand with commercial lending in Texas after Hurricane Harvey

Recent Dispute Reaches a Settlement After Complaints Were Filed Over Commercial Loans in Texas

Regions Bank denies complaints from lenders who issues commercial loans in Texas to Color Star Growers

A little over a year after Color Star Growers received a commercial loan in Texas, the company went and filed for bankruptcy.

A Top Leader in Commercial Loans in Texas Benefits Growing Austin Community with New Office Location

Guaranty Bank and Trust is excited to add an experienced and knowledgeable leader in commercial loans in Texas to their team

When it comes to Commercial loans in Texas, Guaranty Bank and Trust are the real deal!

Banks Eager to Help the Small Business Administration with Commercial Loans in Texas

The Small Business Administration is lending a helping hand to those impacted by Hurricane Harvey. But local banks are wanting to help the Small Business Administration speed up the process when it comes to approving commercial loans in Texas.

The Small Business Administration could use a helping hand from local banks to approve more commercial loans in Texas to those in need.

When it comes to commercial loans in Texas, the Small Business Administration are there when you need them!

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Thursday, September 28, 2017

Two top commercial lending in Texas banks have recently terminated their merger agreement that was established at the beginning of this year, on January 23rd. The mutual termination was needed for bother companies to continue to be successful on their own.

Top commercial lending in Texas bank is eager to bounce back after financial instability

Bank of Hope is trained in commercial lending in Texas and also lends a helping hand to the Small Business Administration

Wednesday, September 27, 2017

Each year, American Banker are eager to report their list of the Best Places to Work for across America. Some of the top banks who happen to specialize in commercial lending in Texas were named on this year’s 2017 list.

American Banker recognizes those with commercial lending in Texas experience to set standards.

Banks hope that being recognized means that they are the real deal in the commercial lending in Texas market.

After Hurricane Harvey hit and severely damaged southeaster Texas, the Small Business Administration has stepped in the lend a helping hand. But local banks think that they should help to speed up the commercial lending in Texas process.

With $19.4 billion backed by commercial lending in Texas were put at risk due to flooding, the Small Business Administration could actually benefit from any help they can get.

Nearly three quarters of banks polled want to lend a helping hand with commercial lending in Texas after Hurricane Harvey

Regions Bank denies complaints from lenders who issues commercial loans in Texas to Color Star Growers

A little over a year after Color Star Growers received a commercial loan in Texas, the company went and filed for bankruptcy.

Guaranty Bank and Trust is excited to add an experienced and knowledgeable leader in commercial loans in Texas to their team

When it comes to Commercial loans in Texas, Guaranty Bank and Trust are the real deal!

The Small Business Administration is lending a helping hand to those impacted by Hurricane Harvey. But local banks are wanting to help the Small Business Administration speed up the process when it comes to approving commercial loans in Texas.

The Small Business Administration could use a helping hand from local banks to approve more commercial loans in Texas to those in need.

When it comes to commercial loans in Texas, the Small Business Administration are there when you need them!

Two top commercial lending in Texas banks have recently terminated their merger agreement that was established at the beginning of this year, on January 23^rd. The mutual termination was needed for bother companies to continue to be successful on their own.