Getting your commercial real estate loans online could give your business a critical advantage. Don’t assume that financing terms decided by a bank have your best interests at heart.
Just fifteen years ago, the idea that your business might finance its next real estate move over the Internet was laughable to most. A decade and a half and multiple economic crises later, the landscape has changed significantly. Businesses have become far more receptive to getting capital through online channels, creating a sustainable market for a new generation of online lenders to finance commercial real estate loans.
Today, online lenders are more than just a backup plan for those that can’t get financing from a bank or another traditional institution. They can provide invaluable assistance when your business is in need of a commercial mortgage, operating funds or another form of financial assistance. They also offer their own unique advantages over banks and other traditional lenders. Take time to familiarize yourself with these special perks of working with an online lender for financing help.
Emergency Access To Business Capital – One of the major advantages of working with an online lender is that they make things easy for businesses who need financing immediately. They impose far fewer qualifications on borrowers than banks and offer a streamlined loan application process. If your company needs to act on a real estate move right away or doesn’t want to deal with the added logistics of going through a traditional financial institution, online lenders represent a convenient alternative.
New Credit Lines For Start Ups – One hurdle that small business owners overlook until it becomes a serious problem is that their business has yet to establish a strong credit history. Start ups with existing capital can work with an online lender to take on a commercial loan that fits into the company’s long-term financial goals while also providing opportunities for the borrower to build up their credit score.
Options For Borrowers In Credit Recovery – It’s unfortunate but true that businesses that get into credit trouble pay for their mistakes more than once. One of the ways that these companies bear an extra burden is via a low credit score. A recovering credit score makes a company less attractive as borrowers to banks and limits their ability to bounce back by successfully expanding their business. Online lenders are much more enthusiastic about working with customers that don’t necessarily have the most sterling credit history. This is an important opportunity for companies strategizing to overcome bankruptcy and other types of credit problems.
Review Your Online Financing Options Before Committing To A Bank
Just because you qualify for a commercial real estate loan from a bank doesn’t mean that offer is the best financing option on the table. It always pays to compare your options online and see where your company can get the loan that best furthers long-term business goals.
Compare your project to funded deals on an online lender’s portfolio to get an idea of what financing would look like for your business
An experienced online commercial real estate lender will host an extensive portfolio on his or her website. This information is a great place to start your research if you are considering a development project for your business.
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.