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Tuesday, January 16, 2018

What You Need to Know When Seeking Commercial Real Estate Lenders

Timeshare exit team  25Before signing on the dotted line, it’s important to know that there is more to getting a loan than simply getting approval from commercial real estate lenders. Level 4 Funding offers tips on what you should know when considering obtaining a loan.

Most people become a little anxious when it comes to getting approved for a loan — so much so that simply not getting rejected is the thing they focus on the most. It’s important to understand that one rejection is not the end. Not all commercial real estate lenders are created equal and some institutions are much more rigid as far as approval requirements than others. So just because you don’t get approved from one institution doesn’t mean another won’t approve your application.

It’s also important to know that finding the right commercial real estate lenders is not the most crucial decision you will make during your business. As you may have heard when it comes to real estate — location, location, location are the “three most important things.” Finding the right spot for your company and in the right area to get the foot traffic you need to make your business successful is a decision not to be rushed into or taken lightly.

It’s also important to have the right partners in business. So choose wisely when it comes to your commercial real estate lenders. They are going to be a crucial part of how your loan goes, the amount you will owe each month and more, so before simply going with the lender that will approve your application, make sure you check into their background, credibility and see if they will share references too. It’s important to dig as much as you need to so you feel comfortable with your lender decision.

Find out what kind of loan you want and what is best for your company.

It’s also a good idea to research loan types and know exactly what you need. There are many different options for all kinds of needs including bridge loans, short and long term, hard money, private lenders and more. You have all kinds of options when it comes to your lender specialty and type of loan, so you should not feel boxed in to any one kind of loan if you feel something else would better suit your needs.

The earlier you are pre-approved, the easier the process will be when it’s time to find a location and a lender.

Another tip is that pre-approval is one of the best ways to keep the loan process moving forward smoothly and quickly. When you know how much funding you have to work with, this can narrow down your choices when it comes to that all-important location. Once you have that piece of information, it will also be easier to narrow down the type of loan you need and the type of lender who can be most beneficial to you, and create a win-win solution for you both.

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
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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

Explaining a Bridge in the World of Commercial Real Estate Loans

Timeshare Exit Team 20There are numerous terms in the industry and when trying to obtain commercial real estate loans you might here the term “bridge.” Level 4 Funding explains what a bridge loan is.

Bridge loans can be just the thing you need to secure funding to keep an investment moving forward. These types of commercial real estate loans are actually fairly new in gaining popularity, as people typically did not use them when it was easier to obtain traditional loans. However, as loans have been increasingly difficult to acquire and good credit it harder and harder to maintain, bridge loans have become more popular. However, due to that rising popularity, they have also become associated with scams.

To avoid being scammed, you want to fully understand the ins and outs of bridge loans when you are seeking out commercial real estate loans so you know what you are getting into. Doing as much research as possible can help you pinpoint exactly what your needs are and if a bridge loan is the thing for you. Some of the biggest scams are a “bait and switch” loan scam, the upfront free loan scam and identity theft loan scam. Some legitimate lenders will require upfront payment, so it can be tricky to sleuth out a scam. Make sure you pay attention to the details and do your homework. Make sure the intricacies match up – such as email addresses and other contact information.

The bait-and-switch scam is not necessarily about whether the lender is legitimate, but whether the loan itself is. Once again, paying attention to the minute details and ensuring that you are not being taken advantage of when it comes to your loan scenario. If you go into a situation depending too much on a lender to guide you through the process, you could be taken advantage of. Make sure you do your homework and ask a lot of questions so you seem like you are in the know.

Don’t jump into anything too quickly.

Although trying to obtain bridge commercial real estate loans can be intimidating and you may be tempted to jump at the first opportunity you are offered, take caution. It’s important to read through all the documentation and know exactly what you are “signing up for” – because once you sign the dotted line, you are responsible for whatever terms are within the contract. So be sure to read the fine print.

Trust your instincts.

Regardless of the situation, if something sounds too good to be true, it typically is. You should follow your gut when it comes to how you feel about your lender upon meeting and the terms of the contract. If it all seems to swing only in your favor, that may be a red flag. Yes, lenders are there to help you get the best deal – but they are there to make money too. If you have concerns, call a company you can trust — Level 4 Funding is here to answer your questions and offer the best service possible.

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
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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

Monday, January 15, 2018

How to Make Lenders of Commercial Real Estate Loans Want to Approve Your Loan

timeshare resales  3When it comes time to apply for commercial real estate loans, you can appear much more desirable to lenders by having certain characteristics. If you follow this advice, you will have lenders in the palm of your hand — and have the pick of the loan you want!

For the most part, reputable lenders want to work with reputable business owners that are in need of financing. It can be a win-win situation for both parties involved. Especially if you are a business owner that has all their financial ducks in a row, so to speak. You don’t have to have a spotless credit history — though that is a very good start. But there are also some other things that make you desirable in the eyes of lenders.

Being prepared is good advice for pretty much every area of life — and particularly when it comes to commercial real estate loans. You should do your due diligence to make sure you understand what kind of loan you are looking to obtain, you have your financial documentation in order, you have prepared a business plan that outlines your needs, showcases your marketing strategy, and proves to the lender how you intend to make money and are able to pay back the loan.

Being honest is another great trait that lenders find very desirable. While you are not expected to be perfect, it’s important to be authentic. Trying to hide the truth about any past credit or financial discrepancy is bound to come out eventually. It’s best to be upfront and honest from the get-go. Lenders typically understand that not everyone has a squeaky-clean business record. But it’s important to show that you understand you made a mistake, learned from it and will not repeat said mistake again.  

Being proactive when it comes to securing a loan may improve your chances of eligibility for commercial real estate loans.

Another way to be prepared is to put some thought and effort into loan collateral. If you are going to be using collateral as a down payment, be prepared to showcase that. This is an important element of the eligibility of the application, and helps with loan-to-value requirements as well.

The lender for your commercial loans is on your side — and wants a successful application process for a win-win situation.

While it may be intimidating to obtain commercial real estate loans, the real truth is reputable lenders are on your side. They want your application to be successful because it can benefit you both. Level 4 Funding can help walk you through your application whether it’s your first time or you’ve received loans before. Level 4 Funding is dedicated to service and is often much more flexible and lenient in terms than conventional lending institutions such as banks that have to go through a lot of red tape for every application. Call Level 4 Funding today and let them help you with all your loan questions and needs.

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 You Need To Know About Commercial Real Estate Loans Before You Apply For One

timeshare resales  5When you decide its time to apply for commercial real estate loans, you need to be as prepared as possible to ensure successful approval. Here are some tips to ensure you are ready to apply.

Prior to seeking a loan, there is a lot of work that needs to be done to prepare yourself for success. There is a lot of research to be done, and organizational “homework” that is required of you before you even fill out an application. It’s also a good idea to do some general research about the types of commercial real estate loans available and the ones that might be best for your particular situation. There are many options, both traditional and non-traditional. There are also some things that are kind of “a must” when it comes to securing a loan.

Immaculate credit is one of the first things traditional lenders such as banks will look at. This gives lenders a good idea of your business history and your business ethics — both of which can be discovered by researching your credit history. They are also going to want as much information as possible about the reasoning for the loan. If you are looking to obtain a property, you will want to supply photos, the current mortgage payment, day-to-day operations of the company, capital improvements that may be needed and any other information you have about the property or company. A strong and persuasive business plan with statistics and analytics is important as well.

If you don’t have perfect credit, a totally solid business plan or extensive business history or experience, you may have a hard time obtaining a loan through a conventional lending institution. However, that is no cause for concern. There are many non-conventional or untraditional lenders that can provide hard money or short-term loans for your particular needs and situation.

You need to understand the different types of lenders that provide commercial real estate loans.

All lenders are different — and thus have different requirements for your loan application. So don’t fear if you have already been rejected by a conventional lender. They are often the strictest and challenging to get approval from whereas other types of lenders may be a little more lenient. There are many options including government agencies like Fannie May or Freddie Mac, CMBS (transferred trust) lenders, SBA lenders that specialize in property and equipment, private money lenders and lenders that specialize in hard money and short term loans. Seek out the lender that is right for your needs.

You should understand the difference between recourse and non-recourse loans.

When it comes to loans, recourse means that as the borrower, you are responsible for the amount in the event of a default – and that includes any collateral that was involved. Non-recourse loan terms mean that if you aren’t able to make payments on the commercial real estate loans, the lender can obtain the collateral (which usually means the property). Regardless of the type of loan you seek, make sure you are aware of all the terms for the loan and repayment.

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 Best Ways to Secure Commercial Loans

timeshare resales  14It’s not always easy to obtain commercial loans, especially if it’s your first time applying. However, with these tips you can easily and quickly get approved for your commercial loans in no time!

When it comes to securing commercial loans, there is a lot to understand and a lot of different options out there. You may be asking yourself how you can ensure you get approved for the loan you need — when you need it. Securing private money is one way to go about obtaining the funding you need. This is the route to take if you always have the funding you need or you can seek the assistance of a non-bank institution such as a personal investor for the funds you are requesting. Working with an investor can give you the flexibility to create your own terms when it comes to your financial documentation as well as your repayment schedule.

Another option is to seek funding from the seller – i.e. if you are looking to obtain a building or company, the seller of the company has the option to provide you with funding to make the purchase of the building or company, etc. This is another non-traditional bank option that will still requirement documentation of the agreement to protect both parties and also should spell out the repayment schedule for the commercial loans in no uncertain terms.

It’s also important to be aware of some of the risks of securing commercial seller financing. Sometimes an arrangement like this can results in very high interest rates that make paying back and off the loan quite difficult. Before agreeing to this type of loan agreement, it’s crucial to ensure you’re in agreement with the terms and that they are reasonable enough to make it a win-win situation for both parties. When it comes to seeking a private investor, it’s also a good ideas to do all your checks and balances to make sure the investor and you come to agreeable and reasonable terms and that all parties are held accountable for their end of the partnership.
Having your finances in order before seeking out lending options is a good idea.

The more prepared you are prior to searching for financing lenders, the easier time you will have going through the application and approval processes. Prepare your business plan, get your financial documents in order, have your credit score accessible and make sure you are prepared to share any collateral that you may need to put down to secure the loan.

Things to know when selecting to leverage a business line of credit as commercial loans options.

Leveraging a business line of credit is another option to consider when looking to secure financing for your business or company. This is a good way to establish creditability and secure funding. So before you seek a loan, remember that you have lots of options beyond the trying to get approval from a traditional or conventional financial lending outlet.

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

Friday, January 12, 2018

There are Many Benefits to Becoming Familiar with the Basics of Commercial Lending

cta3revNot all of us are looking to become professional lenders and may not ever need to know anything about commercial lending, but if you are in the market for extra funding for your business, it is important to know the basics.

Obtaining extra funds for your business through a loan isn’t always easy. That is why the more you know about the foundation and the process of commercial lending, the better. Working with lenders can be a struggle and the more confident you are, the easier the whole process will be, from beginning to end.

There is a lot of evaluating that takes places when it comes to commercial lending. Credit is extremely important and your personal credit score along with any business credit score will be looked at heavily. Your credit scores say a lot about you and your business, especially your ability to paying back debt.

Your character is also often times looked at closely under a microscope. Just like with most things, especially in the business world, your character is going to weigh heavily on your loan offer. This is shown by how you have performed in the past with regards to your business and decision making. This is also where your personal credit score and business credit score will be looked at.

Commercial lending isn’t taken lightly and you will get more with an impressive credit score and background.

Along with your personal credit score and your business credit score, your other personal and business financial statements are evaluated. And it is important to include as much information as possible as it is will come in handy when commercial lending is needed. The more financial information you can supply, the better and the higher chances of approval. This is why being prepared at the very beginning of the process can help you avoid any denials.

The terms and conditions of commercial lending can play a role in approving or denying your extra funding request.

When applying for a loan, you want to make sure that you are strong in your request, but also flexible. Specific conditions might be brought up and the more you can come to terms with your lender and meet them in the middle to make all parties hapy, the better the entire situation will be. This is another way of proving your character to your lender. All lenders are looking for is proof that you will be able to repay back your loan in a timely manner. The more you can prove your ability to do so by providing excellent credit scores, detailed financial statements and a reputable character to go along with it, the better the outcome will be.

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 Lenders Looking for Another Successful Year in New York City and Hope to Spread Across the Nation

Arizona Home Loan Mortgage BrokerThe real estate market is expected to boom in 2018 and that means many commercial lenders are looking forward to another busy and successful year, especially in the New York City area. The past year was pretty promising and many are hoping that the momentum will continue through the new year.

Wells Fargo ended the current year on a good note and is expecting 2018 to shape up to be just as successful. The first 9 months of 2017 was especially great for Wells Fargo with them generating over $4 billion dollars in commercial real estate in New York City alone. They generated over $1 billion dollars in just the 3rd quarter alone. Being located in San Francisco, they are hoping that the success in New York City spreads to other parts of the United States.

Other commercial lenders have also seen a steady year in the real estate market with optimistic plans for the new year. Based in Arkansas, the Bank of Ozarks are looking to duplicate the success they saw in 2017. They say a $1.5 billion-dollar year. Also, looking for another strong year is Goldman Sachs. They raked in almost $2 billion dollars this year, almost doubling what they totaled in 2016.

Commercial lenders in New York City saw a terrific 2017, even though they weren’t quite expecting to have such a good year and they are hoping that will carry into 2018. Especially with the 4th quarter of 2017 being one of the strongest, many in the market are hoping the momentum will carry them to at least three strong quarters in 2018. The New York Community Bank really saw an increase in loans in New York City. This was refreshing since previous years haven’t been so promising. This happens to be one of the largest sources for funding in the city and is known as a signature bank, so it can definitely stay on the right track for another successful year.

The first quarter of 2018 will really set the pace for commercial lenders for the rest of the year.

Commercial lenders are really looking forward to start of the new year after finishing off a great 4th quarter and end to the year. The market might continue to thrive, but will see a little change, hopefully only for the better for the first two quarters of 2018. There might be less momentum at the end of the year, but isn’t expecting to see too much of a negative shift.

The forecast for the commercial lenders looks bright, nothing is ever guaranteed, especially in the real estate market, but not bringing any negativity to the forecast.

Of course, you never know what to expect when it comes to real estate or the economy. But many are hoping that there will not be too many changes in the beginning of the year and that the economy will only continue to grow.

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