Commercial Lending -The Numbers Commercial Lenders Look For

When looking into commercial lending, having your numbers in place can make the difference between an approval or a rejection. Here are a few of the calculations lenders tend to look for.

Loan-to-value ratio (LTV) – This commonly used equation is defined as follows: The amount of the first mortgage / the value of the property x 100 percent. It is used to determine if the commercial property that will be used as collateral is worth more than the amount of the loan. Combined loan-to-value ratios simply means that there is more than one mortgage and the two will be combined. Most traditional commercial lending institutions, such as banks and credit unions, will limit their LTVs to about 70 percent, sometimes 75 percent. Business properties usually come in at around 65 percent. This means that you will need to find additional financing or have at your disposal anywhere from 35 to 25 percent of the total loan amount.

Debt-Service-Coverage Ratio (DSCR) – This ratio confirms that the property is making enough net operating income (NOI) that it can cover the proposed loan plus a little cushion. It is determined by dividing the NOI by the annual debt. The total debt service includes all principal and interest payments. A DSCR of 1.0 indicates that there is enough capital to cover the loan. Commercial lending institutions, however, like to see a little extra in the coffers and may require anywhere from a 1.10x to 1.20x debt service coverage ratio. An example of this would be a business that is netting $120,000 annually and is trying to obtain a loan that would create a debt of $100,000 per year. In this instance, their DSCR would be 1.20x.

Net-Worth-to-Loan-Size Ratio – This ratio is often used to determine the amount for construction loans. It is determined by dividing the net worth of the developer by the loan amount. Ideally, it comes in at 1.0, meaning that the builder or developer has a net worth that equals the amount of the construction loan. If one developer does not qualify, two or more contractors can combine their net worth in order to come up with the needed financing.

Banks and other lending institutions want to know that you stand to make enough profit that abandoning the project half-way through the construction phase is not warranted despite some unexpected costs and setbacks.

Profit Ratio – This ratio is also predominantly used in the construction industry. It determines what profit is expected once all T’s are crossed and I’s dotted and is a way to confirm that the developer is in it for the long run despite a few potential and always possible set-backs. It is the Developer’s Projected Profit divided by the Total Cost of the Construction Project x 100 percent. Commercial lending institutions look for this ratio to come in at 20 percent or more.

At Level 4 Funding, we provide easy-to-quality construction loans for up to 24 months with monthly draws.

Our APR starts at 9.5 percent with loans available for up to $50 million. What do we need to get you started? Simply bring in your budget, plans and permits.

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

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

Obtaining Commercial Lending

There are several reasons why individuals decide to take the plunge into investing in commercial real estate, and there is often one reason why they drag their feet—finding commercial lending. Let’s look at why CRE is an excellent choice for many and how alternative lenders are creating opportunities for first time investors.

A good return on investment (ROI) motivates many to get into CRE. Though returns dramatically vary, a general average lies in the 6 to 12 percent range. This is because rents, whether multifamily, office or industrial, either involve several units (resulting in multiple streams of income) or warrant much higher rents than a typical single-family home.

Commercial real estate offers more security in that vacancy rates tend to be lower and they are not as reliant on comparable sales when it comes to valuation. Leases for single-family homes are usually anywhere from six months to one year whereas commercial rentals can have terms that range from five to twenty years and longer.

Single family homes rarely come with a professional manager whereas managers and apartments go hand-in-hand. If you do not have space for a live-on-site manager, there are professional management companies that specialize in these types of buildings. If you find and start with the right tenants, a CRE investment may require very little hands-on management.

Location is Crucial with CRE

It does take a little more research on your part before delving into CRE. There are several distinct types of investments with each carrying their own pros and cons and due diligence list. Offices are best in a strong economy and in markets with a good labor pool to draw from and in-demand leasing space. Warehouses and distribution centers require centralized locations with easy access to key infrastructure. Maintaining high occupancy and rental rates in an apartment building are accomplished if the building is in a high-demand area as well as a strong job market. Buildings near collages are considered top investments, but even those require additional considerations such as high-turnover rates and the potential of increased vacancies during the summer months.

Funding is often the obstacle that keeps investors from moving forward into the CRE segment. At Level 4 Funding, we work with hundred of private investors, one of which may very well specialize in your segment of commercial lending and real estate.

Because traditional commercial lending requires a few years of financials and experience in the specific CRE market, getting started in the business can be challenging. It is also common for commercial lending institutions to require a down payment of 20 to 25 percent. Alternative lenders are not bound by the same restrictions. Because of this, they can offer find a way to fund a commercial real estate property when other sources have been unable to provide the needed capital. Call us and see if we have the capital you require to move forward with your dream. We offer hard money construction, bridge, office, warehouse and multifamily unit loans with terms from 3 to 60 months.

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

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 Loans on Special Purpose Properties

Depending on the property, it can be difficult to find a commercial loan on those defined as “special purpose.” Here are what traditional lenders look for in these types of properties and why you may need to consider unconventional financing.

A special purpose property is usually built by the investor and constructed for specific, limited uses. These may include car washes, churches, self-storage facilities, gas stations, golf courses, hospitals, dormitories, nursing homes and theaters. It is a property that, once built, will require a large capital investment to convert it to another use. Because of this, most lenders consider this type of property a risky investment.

The Small Business Administration makes loans on these types of properties, but the commercial loan requirements are more stringent than their other loan programs. For instance, they will require at least a 15 to 20 percent down payment as well as credit scores above 680. Their 504-loan program consists of two separate loans—the first one made by a bank or finance company for up to 50 percent of the project cost and the second loan made by a local Community Development Corporation and secured by a 2^nd lien on the assets. Though SBA loans often offer the most competitive interest rate and the highest loan-to-value ratios, only prime borrowers are likely to qualify.

Traditional lenders for these types of properties usually fall into the 60 to 75 percent LTV range. So, if the property your considering investing in comes at a cost of $750,000, the bank will offer you anywhere from $450,000 to $562,500, leaving you needing to come up with a down payment that ranges from $187,000 to $300,000. They’ll also require a proven history of your success in managing this type of investment property. If this is a new construction project, expect to pay higher interest rates as this type of commercial loan is considered much riskier than a completed project. There are, however, lenders who specialize in special purpose properties as well as borrowers with limited credit history that need higher loan-to value (LTV) ratios than traditional commercial mortgages can offer.

Hard Money Lenders

Hard money lenders are one of those unconventional commercial loan lenders that investors often turn to when they have difficulty qualifying for a traditional loan or they do not have the time to wait for such a loan to be approved. This occurs when a hot property comes on the market and investors require capital in weeks instead of months. It’s very apparent to those in the CRE world that private money lenders are filling the gap created by tightening commercial underwriting standards. And this is good news for you, the investor.

Private hard money lenders provide funding for all types of CRE investments including special purpose properties, warehouse, industrial, multifamily and office.

At Level 4 Funding, we offer bridge loans, construction loans and loans with specific types of properties in mind. The truth is, because we work with over 200 private investors, there are very few types of projects that we don’t invest in. We offer up to 90 percent LTV with 3 to 60 months interest-only payments. If we sound like the right fit for you, call us for a complimentary no-obligation quote.

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

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

Before you go in search of your first commercial lender, you need to determine just which sector of this lucrative investment strategy you are going to invest in. Let’s look at one of the most popular CRE investments—offices—and find out what’s hot for 2018 and where savvy investors are plunking down their chunk of change in order to increase their ROI.

And once you’ve developed a plan, stick to it. Many an investor has let their limbic system, the emotional overriding component of their brain, waylay them from their chosen investment strategy. So, let’s take a look at offices and see if this might just be the CRE investment strategy that you’ve been looking for.

The office building asset class accounts for about 20 percent of the total CRE market. This segment of the market can be volatile, so it’s important to know just what to look for in this arena. The overall economy is an important consideration as well as the projected job growth when choosing a particular market. Look for a declining vacancy rate and a rising absorption rate. Include the surrounding communities in your assessment as they will have a strong impact on your strategy and market. According to Statista, vacancy rates in office space are forecasted to decline from 12.9 percent in Q4 2017 to 12 percent in Q2 2019. In the first quarter of 2017, office space beat out every other segment in commercial construction starts including retail, warehouse, hotels, amusement and parking garages with a whopping 6.6 billion.

Office assets are usually assigned a quality rating, similar to multifamily units. Their standards can vary depending on the local market, but will be important to your commercial lender.

· Class A: These high-end properties are usually recently built or extensively remodeled. They usually have high visibility and are within easy access to major amenities. Core focused REIT and pension funds tend to veer towards this type of office investment.

· Class B: These are usually older buildings that may require some minor renovation. These are fairly popular among commercial lenders, particularly turn-around investors and private equity groups.

· Class C: These generally require some major capital investment for improvements. They are also not in very desirable locations and are typically used for redevelopment opportunities.

And just what cities have the highest rents? Hong Kong is king with a price of $255.50 per square foot. New York City comes in second with a price of $153, San Francisco in fifth with $105 and Los Angeles edging into 10^th place with a price of $73.

Co-Working Spaces is a growing consideration in this market.

While this type of office space was once considered the go-to for freelancers and small corps, times have changed. Big businesses are using this type of workspace in order to get their feet wet in a community before relocating. According to U.S. News, CBRE reported that co-working in America is experiencing an approximate five-year compound average annual growth rate of 21 percent.

Some investors are turning to REITs in order to get into this segment of CRE. Both Vornado Realty Trust and Boston Properties include co-working in their portfolio.

There are alternative commercial lenders who can help you get the funds you need for your project. At Level 4 Funding, providing capital for office projects is one of our specialties. We offer loans up to $50 million, 90 percent LTV, competitive loan rates and quick funding. Call us for a no-obligation quote.

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

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

Finding Commercial Real Estate Lenders

While doomsayers have claimed that the multifamily sector has hit its peak and 2018 should start seeing a decline in rents and demand, others are suggesting that the overall trend of the previous years should continue. If the “class half-full” segment of the population is correct, now may be the time to find a commercial real estate lender and finance that multifamily property.

A member of the optimist club, Greg Willet, chief economist for RealPage Inc., was quoted in the National Real Estate Investor, “Overall, we expect that same stability to hold in 2018, with occupancy and rent growth anticipated to basically mirror 2017’s statistics.”

Apartments are going up at a 10-year high—nearly 100,000 per quarter—and yet the occupancy averaged right around 95.6 percent with rates growing at 2.4 percent. Some markets, however, are tough to break in to—specifically the large metro areas. There are, however, sub-markets that may be the place to start for developers that are just getting their feet wet in this arena. This spillover effect seems to be witnessing higher demand and therefore rents in areas such as Tacoma, WA, Lake Nona, FL and Oakland, CA.

Another market to keep your eye on are suburban Class B and C apartments as renters become unable to afford the Class A units. And just what is a multifamily unit? It is a property that has five or more dwellings.

The Biggest Challenge: Finding a commercial real estate lender for your Apartment Building

Currently, the two big lenders—Freddie Mac and Fannie Mae—are financing multifamily units. That, however, could change in the future as speculation continues if they will curtail or even eliminate this segment of their lending portfolio. They have, however, focused on low-income housing needs including smaller properties and the manufactured home communities.

Most commercial real estate lenders for larger properties require higher qualifications. Know your figures and come to the lending table prepared with short and long-term costs and rental estimates.

The 50 percent rule is a good place to start and means that 50 percent of a real estate investment’s income should be spent on expenses and not the mortgage. In addition, you’ll want to know your credit score, income, and have the last two year’s personal and business tax returns on hand. Commercial real estate lenders will want to see two years’ operating statements including net operating income, debt service coverage, and loan-to-value ratio. They will also look to your experience as an owner or manager of a multifamily unit and to the money that you can put down. The good news: Not all lenders abide by these stringent underwriting qualifications. For borrowers that need more flexibility, a hard money lender may be the best choice. At Level 4 Funding, we work with hundreds of private lenders. Because of this, we can offer a loan value up to 90 percent with flexible terms from 3 to 60 months, fixed rates from 7.99 percent APR, and commercial LIBOR+350. Call us today to see if we have the funds you need to purchase your multifamily unit tomorrow.

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

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 is in the Future for Commercial Real Estate Loans

It’s that time of year to get out our crystal ball and gaze into the maze of predictions for commercial real estate loans and markets in 2018. For better or worse, change is in the air and, as always, there are winners…and losers.

The construction industry is expected to slow down a bit from the record growth sustained in the last few years. Many in the predictive analysis category suggest about a 5 percent growth in nonresidential construction.

On the upside, hot markets such as Boston, Nashville, Dallas-Fort Worth, and Detroit are expected to rally even further in most segments as inventory finally begins to catch up with demand. This is due, in part, to the renewed faith of contractors and investors that saw 2017 struggle under the weight of limited supply. They’ve stepped up to the plate, got out the hammers, and started creating homes and buildings from the ground up with rising prices expected to continue. Keep in mind that, because of the rapid increase in supply, the industry will, undoubtedly, at some point in its current evolution, face some challenges when supply ultimately supersedes demand. And then there are the markets that currently have the “golden ticket” with no end in sight.

If you’re in the business, you undoubtedly have heard about the record-breaking year that Nashville just experienced. If you’ve been living on a tropical island with a Mai Tai in your hands—good for you. Now, let’s get you settled back into the real world by sharing a thing or two about the city where the Grand Ole Opry resides.

· Land in the downtown core is going for more than $13 million per acre.

· Office rent is nearing $40 per square foot.

· And, last but not least and the understatement of the year: Land suited to industrial sites for distribution centers is in strong demand.

Then there are the segments that saw a cyclical peak, such as multifamily units. We expect 2018 will see a slight decline from the rapid growth that 2017 saw in this sector with apartment construction at a 20-year high. Nevertheless, multifamily housing and senior living developments are still expected to carry the ball and, like a delicate cream, rise to the top. Keep in mind that rents are experiencing only a modest increase—about 3.9 percent in 2017. And that rate is expected to flatten out as more multifamily units rise from the ashes. Four of the top 10 markets as far as new apartment complexes include Dallas-Fort Worth, Houston, Denver and Nashville.

Commercial Real Estate Loan Rates

You don’t really need a crystal ball to see that commercial real estate loan rates are expected to rise in the coming year. Combining suggested strong economic growth, inflationary pressure and the need to normalize our monetary policy will undoubtedly lead to a rising cost at the lender’s gates. This will prompt investors, builders and home buyers to strike while the “iron’s hot.”

Contractors and investors are looking to non-traditional lending institutions in 2018.

CMBS lending slowed down in 2017. This may due, in part, to the pre-recession 10-year loans that came due. It may also be due to the Dodd-Frank Act that came into effect at the end of last year and, according to Forbes, requires a CMBS to “hold on to 5 percent of every new deal or assign the risk to a B-piece buyer.” This is prompting non-bank lenders to step in to fill the gap. Whatever the reason, insufficient capital for funding projects is one of the current top considerations in the construction industry. If you’re looking for alternative funding for your next project, contact us at Level 4 Funding for a no-obligation quote. We pride ourselves on finding the right private investor for your next commercial real estate loan and at the best rates.

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

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 Real Estate Lenders

Shopping malls are turning into mixed-use developments and online shopping has increased the demand for distribution centers. Investors in this segment are looking for commercial real estate lenders that are familiar with this segment of CRE.

We’ve all seen the boarded-up shopping malls with empty parking lots and decaying signs. And so have commercial real estate lenders. Sears, J.C. Penney, Macy’s, CVS and RadioShack have all reported bankruptcies and store closures, leaving lenders looking for a different venue, or at least a different take on an old classic. Shopping malls have become mixed-use developments that include housing, boutiques, outside concert venues and chef-driven restaurants. And maybe a golf course or two.

The truth is that several of the major delinquent loans are backed by shopping centers. According to REBusinessonline, “Major loans that have fallen past maturity in the past year include several that are backed by shopping centers formerly owned by the Westfield Corporation that were later sold to other REITs.”

This includes the $240 million Westfield Centro Portfolio, the $140 million Westfield Chesterfield and the $110 million Westfield Shoppingtown Independence. Rouse Properties purchased Independence Mall after a few years of foreclosure proceedings. Their goal is to create an “open-air retail destination” with a focus on upscale dining and a grocery market as an anchor. This shopping center giant has been in a restructuring mode since 2014 and just recently announced its sale to a French company. Unibail-Rodamco will reportedly pay $15.7 billion to take over Westfield Corp. It will operate as a REIT in France, the Netherlands, the United Kingdom, and the U.S. Its uncertain if Westfield’s previous plans to seek approval to flatten the Promenade Mall in Woodland Hills, CA and build residences, offices, boutiques, restaurants, hotels and a concert venue is still on target, though chances are the French global property leader will have a similar remodeling plan in mind.

From Retail to Warehouses

Some have blamed the demise in retail and shopping centers on the online giants such as Amazon. But this expanding trail that leads from brick and mortar to mouse and keyboard has left an interesting opportunity for commercial real estate lenders and investors—industrial warehouse and distribution centers. According to American Banker, e-commerce sales are expected to reach $700 billion by 2022. And all those online purchases need a home. While most distribution centers are built on demand, there is a growing number of commercial lenders shelling out the bucks for speculative centers—centers that are selling just as fast as they can be built. In fact, with increasing demand, building in this sector is booming, vacancies are at an almost record low, and rents are rising. Mini-distribution hubs are on the rise as well. Atlanta, Dallas-Fort Worth and Chicago all made the top five in the amount of construction space geared for new warehouse and distribution centers.

Those in the business are looking for commercial real estate lenders who understand the business.

Level 4 Funding has been in the industrial/warehouse segment for over 20 years. We work with over 200 private investors and understand the sectors that they specialize in. With this type of rolodex, we can get you the loan you need at the best possible rate. Closing can occur in as little as a few days, giving you the money you need to purchase that next warehouse, build a distribution center, or develop a mixed-use supercenter in record time. Call us for a no-obligation quote.

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

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