Monthly Archives: January 2017

Commercial Lenders and their Criteria

How can I help you?By now, you have probably done more than your share of research on commercial lenders and what they have to offer; but, chances are you still are hundred percent clear on their criteria or how one lender’s criteria is truly different than the next. Well, the good news is that you have come to the right place for some insight on commercial lenders and their criteria.

If this is your first time deviling into the world of commercial lenders, you may not know where to begin, which is perfectly okay. You need to start somewhere just like every other commercial investor or borrow before you. Consequently, the best place to start, after narrowing down your particular niche, is with your top lenders’ criteria.

At first glance, you will quickly be able to see that most lenders have basic or standard lending criteria. In other words, much like other lenders, these particular lenders are looking for two specific things. The first thing is the ability or rather the likelihood a borrower will be able to repay the loan. Secondly, most lenders want to ensure that they will be able to recover the entire amount of the loan. This means lenders look to see if you can repay everything including interests, associated costs and even fees due to a default on the loan.

Outside of these two things, a lender of commercial financing may seek to add a few more things to their criteria. This is where you start to see a difference between lenders. Moreover, it is usually these additional criteria that will sway you in one lender’s direction versus another’s. With that being said, you should always strive to meet your lender’s basic or standard criteria first and foremost. This will allow you to worry about the finer details and effectively evaluate your various lenders.

Additional Criteria Expectations from Commercial Lender

Now that you know, you can only truly be prepared for two basic requirements without doing further research; it may help to know that any other additional criteria are heavily regulated. This means that there are legal requirements and compliance standards in place to ensure that you, the borrower or investor, are not at the mercy of your future lender. For instance, all lenders, whether commercial or not, tend to require your standard property documents, detailed financial documentation, and clear planning for closing fees or additional costs. Nevertheless, it is important to note that no two lenders criteria will be the same and there is no set standard for documenting commercial financing. Thus, you really need to do your research as well as compare and contrasts additional criteria.

Other Things to Consider

Therefore, at the end of the day, all these above expectations matter. However, you still need to make it a point to take some of the focus off your top lender choices and their criteria, so that you can put some of that focus on your business plan and/or end-goals. In doing so, you will, once and for all be able to justify meeting one particular set of criteria versus another set.

 

Level-4-Funding-Dennis-Dahlberg-Mort[1]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.

 


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Eager To Get Your Commercial Real Estate Loan Approved? Be Prepared To Jump Through A Few Hoops

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When you apply for a commercial real estate loan there will be certain things you will be expected to do or have in order to get approved.

When you apply for a job, there are steps you have to go through in order to get hired. Depending on what you are applying for, you will likely start with an application or resume, interview with someone, and provide proof that you can legally work in the United States.

Commercial real estate loans are no different. Just like a job, there is a process involved with getting approved for one and if you omit, leave out, or fail to meet certain standards you stand the risk of getting turned down.

So before applying for a loan, it helps to review many of the factors involved in approval.

Property Appraisals

Before a lender is going to approve your loan, they will likely require or ask that a property appraisal is conducted. They are going to want to know the current value of the property you plan on buying or using as collateral. It also helps the lender make sure they do not lend you too much.

Value is determined by examining the size of the property, its location, accessibility, and the condition of any buildings on it.

Down Payments for Commercial Real Estate Loans

You are applying for a commercial real estate loan because you don’t have enough to start your business on your own. However, lenders do not want to be the only one investing in your business. They will want to see that you will be putting down a down payment on the property before approving your loan. Depending on the lender, the down payment could be as much as 20 percent of the loan amount or as high as 30 or 40 percent. When you are talking about a loan in the hundreds of thousands or millions that can be a substantial amount of cash.

Credit Record for Commercial Real Estate Loans

When we are young, we don’t tend to think about our credit rating a whole lot. It doesn’t affect us in the short term so we can rationalize doing something that could damage it by telling ourselves ‘I’ll deal with it later.’ Except when later arrives and you’ve done nothing to fix the damage you suddenly find you can’t get approved for a loan.

It can’t hurt to check your score and rating before you apply. No matter what your score is, if there are things you can fix, it would be smart to go ahead and do so. It can only help your commercial real estate loan application get approved.

Debt Service Coverage Ratio for Commercial Real Estate Loan

A debt service coverage ratio is the ratio of the revenue your business is going to generate on a monthly basis to the monthly payment you will be expected to make on your loan. This ratio will help the lender figure out what payments you will be able to make.

 

Happy senior business man making his notes at workDennis 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

 You TubeFace Book Active Rain Linked In 

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.


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How to use Commercial Lending to your Advantage

How can I help you?

Commercial lending has the potential to be extremely beneficial when it comes to your business and its future. Of course, if you do not play your card right or are unable to meet the terms of your commercial loan, there can be clear disadvantages; but that is why it is important to know how to use commercial lending to your benefit.)

The main advantage that comes with commercial lending is the potential for growth of your business. At first, this may seem like a no-brainer, but in order to achieve this particular effect, you need to make sure that you are truly in a position for potential growth. This means you and your current business need to overcome a few hurdles along the way.

For instance, your business credit needs to be more than average. In other words, you should be able to offer extensive proof that your business has outstanding, if not above average credit. Clearly, if you are a well-established business, it will be much easier to show proof of above average or excellent credit. However, if you are a newer business or rather a first-time owner, a lack of credit will most likely bring the lending process to a halt. Of course, this may put a pin in your plans for now, but the good news is that this setback is only temporary.

In addition to need above average business credit, you will also need your personal credit history to be up to par. This means your annual income, credit score, and previous loan history matter. Remember, just as you will need to provide detailed reports of your business financial situation, you will also have to do the same for yourself personally. Thus, you need to have stellar personal credit and the documentation to back it up. This, especially, holds true if you are looking for a larger sum of commercial financing. Ultimately, having both your personal and business credit squared away means that you can move forward with the application process, which of course is the first step to financing and potential business growth.

 

Commercial Lending how to Avoid the Pitfalls

Now that you understand, how much your credit matters with commercial financing, let us go over what you can do if your business and/or personal credit is a problem. In essence, you can still secure a commercial loan with collateral such as your home or vehicle. However, it almost goes without saying that there is an increased risk when you choose to use collateral (secured loans). Therefore, if business growth is highly unlikely in the future, you may want to wait until it is more feasible credit wise.

The Benefits for your Business

With that being said, commercial loans generally come with incentives such as extremely low-interest rates, longer repayment terms that are more flexible, retained ownership of your business and no need for collateral( unsecured loans)when you have decent credit—just to name a few. Thus, as you can see, with these incentives only, the ability to grow (and keep) your business is very likely as this form of lending/financing wants to see your business succeed.

 

Level-4-Funding-Dennis-Dahlberg-Mort[1]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.

 


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Online Marketplace Lenders Helping Borrowers With Commercial Real Estate Loan Needs

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Everything is online these days—including the ability to get your commercial real estate loan needs met.

At one time, if a person interested in opening a business was in need of a commercial real estate loan, he or she had to go to the bank and hope for the best. Over the years, other avenues have become available with many willing to take on riskier borrowers but charging a higher interest rate to make up for the increased risk.

But now, thanks to the miracle of modern technology, borrowers do not need to leave the comfort of their homes to get a loan. They just need to visit an online marketplace lender.

What Is An Online Marketplace Lender?

While we all wish we had excellent credit, we do not. People make mistakes, situations occur that require money, and sometimes you have to do things that seriously damage your credit rating. At the time you may think you can live with it, but when the bank and credit union turn down your application for a commercial real estate loan.

Luckily there is an option that is still available to you—online marketplace lenders. What they do is allow someone to receive funding through an online platform. The site sources, underwrites, services the loan, and markets it to investors to fund it. Many like to specialize in short term loans, but some will also work with longer terms.

Since the risk is greater, interest rates often tend to be higher to compensate lenders for taking a chance.

How Does An Online Marketplace Lender Benefit Borrowers? Investors?

Every form of lending comes with its positives and negatives, and getting your commercial real estate loan needs met through an online lender is no different.

For the borrower, the benefit is clear. They needed to get their financing needs met by someone, and they did. Using a traditional lender was not an option for them, but thanks to an online lender they were able to reach an alternate and untapped source of financing. In many cases, the process is faster and more efficient. So you will at least not have to wait for weeks and months to find out you are getting declined.

As an investor, it allows for someone that does not have the kind of funds on hand to finance a project completely the chance to get involved in commercial real estate. Depending on the platform used, they even have the option of going to the site and examining potential projects on their own. They can then decide which project and how much they want to put in.

The income returns are often competitive with other investment options.

Commercial real estate loan are being serviced through online marketplace lenders, but the practice has yet to take off. However, the demand is there, and as more investors realize it, more options will likely become available online to those searching for a lender willing to approve them.

 

Level-4-Funding-Dennis-Dahlberg-Mort[1]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

 You TubeFace Book Active Rain Linked In 

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.


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Cyber Threats Are A Real Danger For Commercial Lenders

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In the last few years there have been several large-scale data thefts reported in the news. Larger banks have been targeted, and it’s only a matter of time before commercial lender, in general, are commonly victimized—if they aren’t careful.

The internet is a fantastic and wondrous creation that has allowed so many information to become available to us simply by running a search for it. It allows us to stay in touch with long lost friends on the other side of the world. We can watch movies, play games, research a paper for school—the possibilities are endless.

It has also opened up a whole new path for people to be victimized when a cyber-criminal steals their identity. Stories of major corporations experiencing data breaches have become more common in recent years, and have seen millions of people be affected.

It is only a matter of time before smaller operations and commercial lenders are targeted. The type of data they collect would be right up a cybercriminal’s alley.

 

Cyber-security And Commercial Lenders

Cyber-criminals are all about stealing data whether it’s for identity theft or anything else. Larger corporations may be more appealing to criminals now due to the potential volume of data that could be stolen, but even small-balance commercial lenders should be worried.

Loan applications have all sorts of personal information on them; likely all an identity theft would need. They may not be getting targeted a lot right now. But as top corporations improve their security, the smaller volume of data at the lesser protected commercial lenders becomes more appealing.

Anyone that isn’t taking the threat seriously is just being foolish.

 

What Can Commercial Lenders Do To Better Protect Themselves?

When it comes to cyber security, it is imperative for commercial lender regardless of size to be proactive about it. Don’t just wait till one of your clients or affiliates is attacked to improve your security—do it now. You would much rather stop an attack before it comes rather than react to one after it comes.

What can/should you do? Educate yourself and your staff as much as you can. Make sure they know what the latest threats are and how to recognize them. Be sure and have a well-thought-out policy on appropriate internet use at work to minimize exposure to questionable sites.

If you really want to make sure you are as protected as you can be, if there are customers, partners, or affiliates that have access to your network, make sure you are aware of what kind of security they have. If their security is lax, you may want to consider limiting their access until they carry out the necessary improvements to their cyber security.

If they don’t want to improve their cyber security to a level you are comfortable with, you may want to consider how important it is to you. The chance your security will be breached is not high, but if it is it could mean the end of your business and cost you a lot of money.

http://www.level4funding.com/commercial-bridge-loan-commercial-lending-commercial-hard-money-lenders/

 

Level-4-Funding-Dennis-Dahlberg-Mort[1]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

 You TubeFace Book Active Rain Linked In 

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.


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Finding Your Commercial Lender Match

 

t1Starting your search for the right commercial lender can be daunting—if not overwhelming. If this sentiment sounds familiar then you have come to the right place to help you narrow your search and ultimately pick the best commercial lender for your business venture.

Currently find best commercial lender can seem worrisome since traditional lending institutions are not necessarily approving commercial loans at a high rate. Unfortunately, the reality is that the economic climate will always factor into the buying and selling of property. But, the good news is that you do not have to put your commercial dreams on hold. Instead, all you have to do is find a lender that understands your vision and is willing to work with to make your dreams a reality.

Of course, this is a tall order, but savvy business people do it every day. So, let us get right into a few tips and strategies for finding that ideal lender. The first very tip for finding your guru lender is to start looking right where you already bank. Yes, it goes without saying that banks are a little wary about commercial loans, as previously suggested. Nevertheless, your own bank may be willing to work with you and what is more, they more than likely will offer a pretty fair deal. Therefore, it never hurts to start where you are first.

If, however, your borrower bank is not interested in your commercial venture, there is no need to lose hope. All this means is that it is time to cast your net a little wide( by the end of this process you will more than likely have submitted your loan package to upwards of 50 or more lenders.). In other words, your next stop should be another local bank or credit union (you should also look at lending institutions that can match your loan i.e. if you need a large loan you should not go to a small bank.) Here, the point is to keep it local if at all possible because you would be hard-pressed to find a better lending scenario out of town. The reason this is true is because local lending institutions know who you are and you know they are i.e. there is an apparent transparency to this potential relationship even before it begins. Moreover, most lending institutions prefer to work with local borrowers.

 

How to find Your Commercial Lender

So, now that you know your best chance at finding that dream lender is to start locally, it is important to know what to do when you settled on that special local lender. Unsurprisingly, once you choose a lender, it is time to gather all your document, get organized, and present a detail business plan. In doing so, you will be able to assemble your loan package in record time.

 

Risk less with the Right Help from a Commercial Lender

Ultimately, your lender match for commercial financing is just around the corner, if you know where to look. So, do not be afraid to ask your business associates for references if your own bank has turned you down.

Level-4-Funding-Dennis-Dahlberg-Mort[1]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

 You TubeFace Book Active Rain Linked In 

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.


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Understanding Commercial Lending Basics

How can I help you?

Commercial lending can be tricky if you are first starting out—whether or not you are a borrower or investor. This is why it is so important to understand the basic of commercial lending before you start looking for a lender or filling out the necessary paperwork.

There are a few things to remember when going over the commercial lending basics. For starters, the lender you choose matters, of course, but the real focus when it comes to this particular kind of lending is you. For instance, your business needs to be a good position to consider lending/borrowing for commercial reasons. This means you need to have good business character. An example of “good business character” is proof of previously paid debts or other loans. When you are able to prove this kind of proof (business credit reports as well as personal) this demonstrates that you are a trustworthy borrower, which means you are that much closer to getting approved for your commercial loan.

Another example of good business character is readily having all the necessary documentation in order. This means you need to the following items: personal financial statement, resume of owners, bank statements, business plan, and current information on monies borrowed. Ultimately, having these documents handy will make the lending process go much quicker and will show that you are serious about your future endeavor.

In addition, to good business character, you must possess the capacity to repay your loan. In other words, you need to have the cash flow or at least the access to the necessary cash flow for repayment. In order to figure out if you have the cash flow, it helps to look at the last three years of your business and personal financials as well as the last three years of your business tax returns. You will also want to assess what kind of collateral you are working with (though it is important to note that your collateral is not the same thing as cash flow).

 

Other Things to Consider for Commercial Lending

Yet, another thing to consider when braving the lending world for commercial ventures is capital. Capital, not to be confused with cash flow, is, in essence, the ability to sustain a turbulent economy. It is important to establish for yourself and your future lender that you have capital whether it is the owner’s capital, the company’s earnings or some other source such as from an investor. A final note regarding capital, you may also be able to use grants or other government funds as a means of having the necessary capital.

 

Condition Advice

Lastly, when considering commercial financing, do yourself a favor and take into account the current state of economic conditions. This means ensuring that no outside factors can impact your approve or your future ability for repayment. Ultimately, if you are not sure what the current state of economic conditions is or even where to begin looking, that is perfectly okay. There are dozens of reputable commercial lenders in your area that can help you figure out if now is the best time to move forward with your venture.

 

Level-4-Funding-Dennis-Dahlberg-Mort[1]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

 You TubeFace Book Active Rain Linked In 

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.

 


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Commercial Lending Requirements

How can I help you?

Commercial lending despite its many incentives is no walk in the park. In other words, there are things you need to understand as well as have on-hand in order to move forward with the commercial lending process and future business endeavor.)

As you know, commercial lending wants start-ups and well-established businesses to succeed. However, just like any other kind of lending or financing, there are requirements and regulations. Therefore, if you trying your hand at securing commercial financing, it may be helpful to know what those standard requirements and regulations are.

For instance, as a savvy business owner, you clearly understand what collateral is and how can be used to secure any kind of financing. But, when it comes to commercial loans, collateral is only a requirement if you are a newer business or rather start-up. The reasoning behind collateral in this instance is the simple fact that start-ups do not possess a long credit history. Moreover, speaking of credit, it is important to note that even a well-established business may need to rely on or resort to the use of collateral because they simply do not meet the standard requirement for above average business and/or personal credit.

Furthermore, collateral in the commercial world of lending does not always mean your house or car. In fact, most businesses that resort to using collateral to secure commercial financing use their business assets such as their accounts receivables. What is more that often a company’s accounts receivables are not enough, thus if you go this route you will likely have to pledge your accounts receivable, a percentage of your inventory and possibly even your personal assets like your home or vehicle. Consequently, when the term collateral comes up in reference to commercial financing it is important to know what that really entails.

 

Commercial Lending Regulations

Of course, there is much more to commercial financing besides above average credit and the possible need for collateral. For example, you will not get too far with your dreams of commercial financing if you do not have a solid business plan. Sure, there are some exceptions to this rule, but you are really only hurting yourself in the long run if you do not take the time to devise a clear plan for your financing. Moreover, you will be hard pressed to find a lending institution that did not want to know what your projected plans were with “their money”. Therefore, it is safe to say that a business plan is more than a requirement. Similarly, if you are using collateral and disclosing your credit history, you need to have complete documentation. This means details on all things financial, accounts receivable, accounts payables, tax returns, and insurance documentation—just to name a few.

 

Commercial Lending – Your Eligibility

Ultimately, these are just a few of the long list of requirements and regulations that you will come across during the lending process, but, nevertheless, these are the major requirements of most commercial financial institutions. Thus, you should have these above-mentioned things together before you take your potential business venture any further.

Level-4-Funding-Dennis-Dahlberg-Mort[1]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

 You TubeFace Book Active Rain Linked In 

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.

 


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What Sort Of Options Can You Expect From Commercial Lenders?

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When it comes to choosing from available commercial lenders, one of the most important things to consider is how much experience a lender has.

You have been working the same job for the last 15 years. You can pay the bills, keep food on the table, and take the occasional vacation (just nowhere too expensive). Life is good and comfortable, but it sure would be nice if it were better—right? Maybe if you were working for yourself rather than “punching the clock for the Man” it would be.

But opening your own business is a huge risk and take so much more than providing a service or product people want. Just the process—like when it is time to get a loan–involved with getting started can be overwhelming.

When it comes to commercial lenders, it may seem like a good idea to go with whoever offers you the best rates, but there is another, more important factor that should be considered—experience.

 

The Importance Of Experience Among Commercial Lenders

The large nationwide company may be more familiar to you, and several people inside the building probably do have tons of experience. But chances are loans for small businesses are not serviced by the most experienced loan officers; or even the moderately experienced ones. So while the name on the building may give you a sense of comfort, the person you end up working with may not.

Yes, they probably must get whatever they do sign off on by a supervisor, but how much time does the supervisor spend reviewing every file his/her underlings produce?

When you look through the available commercial lenders in your area, don’t worry so much about the name on the door. Do your homework and see how much experience the person inside the door has.

Someone with experience and longevity in the industry can be a real asset for you. If the loan officer has been around for a while, then you can rest assured that they know what they are doing. Otherwise, they wouldn’t have lasted as long as they have.

With experience often comes knowledge. For someone just getting started in business, it helps to have someone on the lender’s side that knows what they are doing. That way you can receive some much-needed guidance on some of the financial do’s and don’ts. He/she doesn’t want you to risk going into default so they will likely do whatever they can to help—if they have the knowledge.

Experienced lenders are also less likely to waste your time. They will be able to tell pretty quickly what will work, what will not, and what can be salvaged with a little work. Wouldn’t it be great to know you are thinking is entirely off-base before you try to act on it and waste time and money?

An Experienced Lender Wants To Do Whatever It Takes To Close The Deal

Inexperienced commercial lenders want to close the deal as well, but if things get difficult or a roadblock appears, they may not know how to work around it or how to solve the issue. They don’t become experienced by giving up, but if they don’t know—they don’t know. Someone that has been around the block a few times will know how to get around an issue or work through it

http://www.level4funding.com/commercial-bridge-loan-commercial-lending-commercial-hard-money-lenders/

 

Level-4-Funding-Dennis-Dahlberg-Mort[1]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

 You TubeFace Book Active Rain Linked In 

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.


 Free Report The 8 Things You Must Do To Be A Successful Home Flipper






          

 

Experienced Commercial Lenders Can Help Make Your Dreams Come True

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When it comes to choosing from available commercial lenders, one of the most important things to consider is how much experience a lender has.

You have been working the same job for the last 15 years. You can pay the bills, keep food on the table, and take the occasional vacation (just nowhere too expensive). Life is good and comfortable, but it sure would be nice if it were better—right? Maybe if you were working for yourself rather than “punching the clock for the Man” it would be.

But opening your own business is a huge risk and take so much more than providing a service or product people want. Just the process—like when it is time to get a loan–involved with getting started can be overwhelming.

When it comes to commercial lenders, it may seem like a good idea to go with whoever offers you the best rates, but there is another, more important factor that should be considered—experience.

The Importance Of Experience Among Commercial Lender

The large nationwide company may be more familiar to you, and several people inside the building probably do have tons of experience. But chances are loans for small businesses are not serviced by the most experienced loan officers; or even the moderately experienced ones. So while the name on the building may give you a sense of comfort, the person you end up working with may not.

Yes, they probably must get whatever they do sign off on by a supervisor, but how much time does the supervisor spend reviewing every file his/her underlings produce?

When you look through the available commercial lenders in your area, don’t worry so much about the name on the door. Do your homework and see how much experience the person inside the door has.

Someone with experience and longevity in the industry can be a real asset for you. If the loan officer has been around for a while, then you can rest assured that they know what they are doing. Otherwise, they wouldn’t have lasted as long as they have.

With experience often comes knowledge. For someone just getting started in business, it helps to have someone on the lender’s side that knows what they are doing. That way you can receive some much-needed guidance on some of the financial do’s and don’ts. He/she doesn’t want you to risk going into default so they will likely do whatever they can to help—if they have the knowledge.

Experienced lenders are also less likely to waste your time. They will be able to tell pretty quickly what will work, what will not, and what can be salvaged with a little work. Wouldn’t it be great to know you are thinking is entirely off-base before you try to act on it and waste time and money?

 

An Experienced Lender Wants To Do Whatever It Takes To Close The Deal

Inexperienced commercial lenders want to close the deal as well, but if things get difficult or a roadblock appears, they may not know how to work around it or how to solve the issue. They don’t become experienced by giving up, but if they don’t know—they don’t know. Someone that has been around the block a few times will know how to get around an issue or work through it.

 

Level-4-Funding-Dennis-Dahlberg-Mort[1]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

 You TubeFace Book Active Rain Linked In 

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.


 Free Report The 8 Things You Must Do To Be A Successful Home Flipper