Monthly Archives: September 2017

Texas commercial real state: Will oil prices bring more uncertainty than Hurricane Harvey?

4page_img3Texas commercial real estate and the Houston market in particular have suffered as a glut in production drags down oil prices.

Crude prices remain 15 percent lower than their 2014 peak. Prices continue to linger below their historic averages. The Houston office market has since seen negative office absorption rates since oil prices crashed in 2015. Low oil prices eat away at the profit margins of the areas energy firms. New employment by these firms remains tepid and the need for new offices has contracted considerably. Hurricane Harvey’s impact on Houston’s office market will have a short term effect. In the long run however, low oil prices will have a much larger impact on demand in the area for new offices.

Turbulent oil prices had taken a toll on Houston’s office market long before Hurricane Harvey arrived. Negative absorption rates in the market, left more office space empty than could be sold off. Twenty percent of the cities office space sits vacant according to Colliers, the highest rate in two decades. Uncertainty in the oil markets drove many companies to shrink their foot print in the region, or to consolidate their existing space. Tenants extracted lower rents from their landlords or demanded new renovations in return for holding onto their existing leases.

Office construction was booming prior to the oil slump. Energy companies experienced record profits, as a result of fracking and other new found efficiencies, which increased oil production. Prior to the slump in 2015, Moodys claimed the region would experience record job growth because of these new developments in the oil industry. Such forecasts fueled speculative office construction. 10 Empire State Buildings, or 26 million sq. ft. of new offices were constructed during the oil boom. But the advances led to a surplus in oil, which dragged down prices worldwide and demand for offices fell as oil prices declined. Energy companies decreased their near-term hiring, which lowered their need for new office space. This dynamic reveals why so much of Houston’s office-space now sits vacant. If oil prices continue to languish, these offices will likely remain vacant in spite of Houston’s relatively robust economy.

Economic diversity has helped sustain the Texas commercial real estate market in the midst of the oil slump. But if oil prices decline in the future, job growth and the demand for offices will decline as well.

Houston benefits from increased economic diversity, which helped offset the painful effects the decline in oil prices. Jobs in the area have increased by 15,200 since prices collapsed in 2015. Jobs may be growing steadily, but if oil prices remain at historic lows this growth could contract, putting the regions office market greater at risk. Houston remains heavily dependent on the energy sector. 10 of the cities top 20 employers are in the oil business. CBRE analysis indicates that lay-offs haven’t spread far beyond drilling and exploration at many of these companies. Even so, 80,000 jobs remain at risk if oil prices continue to languish according to Federal Reserve spokesman, Keith Phillips.

Oil prices continue to define Texas’ commercial real-estate market.

Oil prices will continue to define Houston’s office market. Until oil prices return to historic averages, employment is likely to remain below the expectations of many analysts, or could even shrink should prices fall any lower. Uncertainty in the oil markets is perhaps a greater threat than Hurricane Harvey to Houston commercial real estate market.

Dennis-Dahlberg-Mortgage-Broker-1_th

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

Texas Commercial Lending: Report sheds light on how local banks may respond to Hurricane Harvey.

3page_img3-bigHow will Texas commercial lenders re-tool their lending efforts in the after math of Hurricane Harvey? A report by the Cleveland Federal Reserve may shed light.

The study demonstrates that the need for financing by disaster victims won’t be immediate. Lending activity subsides in the after math of major disasters. But within a six month period, as impacted economies recover, lending activity picks up considerably. The study indicates that small local banks increase lending by 25 percent in the year following a major disaster. How do these small banks manage to lend more money, when no doubt such disasters result in immediate loses?

The report outlines three specific strategies Texas commercial lenders may implement to raise capital and meet the increased demand for loans.

New loans will increase in areas of Texas directly impacted by Harvey and lending will decline in areas that saw little to no impact from the storm. The report claims banks shift their activity in order to meet the increased demand for new loans in impacted areas. This shift is demonstrated in Home Mortgage Disclosure Act (HDMA) data citied in the report. Every dollar lent in a disaster area is a 42-50 cent decrease in lending in areas that remain unaffected. While banks concentrate on impacted areas, capital becomes harder to access in other markets. This spreads the economic influence of major disasters throughout the economy.

New mortgages will be securitized and sold off at a higher rate. Selling new mortgages onto secondary markets helps local banks meet increased demand for loans in disaster areas. The new mortgages will be for smaller amounts, under the conforming loan limit in order to qualify for government backing. The government guarantee helps prop up lending activity in disaster areas. HDMA data in the report confirms this trend. Banks avoid the risk of doling out long term loans on the basis of short-term deposits. Local banks can therefore replenish capital each time they issue a new loan by securitizing and selling off new loans. Having this money on hand helps banks meet increased demand for loans in impacted areas. However the conforming loan limit may impact the size of mortgages issued by local banks in the long run. Local banks are therefore less likely to issue large mortgages in the immediate future.

Banks will increase interest rates on deposits in the short term, in order to attract additional capital. Local banks will compete with one another in order to secure new deposits and meet the demand for new loans. This competition requires banks to raise interest rates paid on savings accounts. Such competition is likely to occur in markets connected, but otherwise not impacted by Hurricane Harvey. Ratewatch data cited in the report finds local banks increase the interest paid on short term CD’s by 20 percent when compared to average rates.

Texas commercial lenders may or may not implement the strategies outlined above to meet the increased demand for loans.

The study indicates that lending will increase in areas that felt the brunt of Harvey’s impact, that new mortgages will be for smaller amounts and savings accounts will pay out higher interest rates. Whether this will hold true in the case of Hurricane Harvey remains to be seen.

Dennis-Dahlberg-Mortgage-Broker-1_th

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

Texas Commercial Lending: Could local banks benefit as a result of Hurricane Harvey?

Twarehouseexas commercial lending will feel the impact of Hurricane Harvey. But commercial lenders in the Houston area expect certain sectors of the local economy to see an uptick. Could a short term boost in economic activity help the regions banks?

Houston based banks will see an increase in both lending and deposits, this could prove beneficial in spite of the short term losses incurred as a result of Hurricane Harvey. Recovery efforts after disasters can inject new life into the economies of impacted areas. During Hurricane Ike, Houston reported an increase in sales tax revenue. The case could be similar with Hurricane Harvey. A burst of economic activity in specific sectors could benefit the regions banks. In particular lending related to those areas of the economy that could benefit as a result of the storm.

Commercial lenders anticipate certain sectors of the region’s economy to experience an uptick in the wake of Hurricane Harvey. No doubt hotels will see a short-term spike in business and the multi-family market will experience increased demand as well. Commerce CEO, Ralph Babb Jr, noted in at a recent conference that “As a result of Hurricane Harvey, leasing activity has picked up substantially.” Displaced residents are looking for temporary housing, increasing the demand for apartments. Consumer loans, construction loans and auto loans will rise as well, as residents seek funding to replace damaged property. Short term increases in these areas of the local economy will help prop-up lending activity for local banks and this may even translate into a long term benefit.

Major disasters can be a net positive for local banks. Outreach efforts by local banks to disaster victims could strengthen customer relationships and help attract new business. Hovde Group analyst Joel Fenech cites Hurricane Katrina as an example of how disasters can benefit banks both in the short term and the long term, stating “the timing of Katrina, in my view, actually helped to shield the affected banks from the more devastating impacts of the Great Recession.” Fenech claims that banks that lent after Katrina emerged from the recession stronger and some even became acquirers of struggling banks.

Higher insurance prices will impact Texas commercial lending in the long run, but short term job growth for reconstruction may bolster construction loans.

The storm might deter new construction in Houston, but it could also prop up job growth in the short term. Major disasters increase risk for insurers, inflating the cost of policies. Higher insurance rates might deter new construction, unrelated to rebuilding efforts in the long term. The demand for new construction in Houston however has been tepid for some time. Efforts to rebuild could prop up jobs related to construction and bring about short-term employment opportunities in this struggling sector of the local economy.

Texas commercial lenders will benefit from Harvey in the short term, it is unclear whether this short term boost will translate into long term growth.

The hospitality industry will benefit and apartment sales will increase as a result of Hurricane Harvey. Consumer loans and loans related to reconstruction will also rise as residents seek to repair and replace damaged property. Reconstruction efforts could prop up employment in the short term. Whether these short term benefits due to the storm will translate into long term benefits for regions banks remains uncertain.

Dennis-Dahlberg-Mortgage-Broker-1_th

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

Texas Commercial Lending: Bank of Austin gets its charter approved

2page_img3-bigTexas commercial lender the Bank of Austin is the first newly chartered bank in many years, a development that may inject new life into the Texas economy.

The Bank of Austin will focus exclusively on serving the needs of local business owners. The Bank will “ strive to create relationships with those businesses and individuals that would prefer doing business with the Bank, rather than the branches of regional, national or international financial institutions,” according to the recently approved charter. The number of chartered banks, in both Texas and in the nation has declined since the Great Recession. Could the Bank of Austin represent a revival for community banking in the region?

The Bank of Austin is the first newly charted bank in the state of Texas in 8 years. The bank will focus exclusively on small business owners in Williamson and Travis counties. Its founders claim there is a lack of lenders specifically focused on small businesses in the area. State regulators apparently agree, which is why the charter was given the go ahead. Texas Banking Commissioner Charles Cooper said in a statement “the formation of this new state bank is a very positive sign that community leaders are again seeing the advantage of a locally owned and managed financial institution. The Texas economy needs a strong community banking system to provide credit opportunities to small businesses and consumers.”

The Bank of Austin intends to minimize overhead in order to offer a higher level of customer service. CEO Jon Eckert said “Most regional and large banks can’t financially justify using their most experienced, highly trained employees on smaller operations because the returns just aren’t’t there.” The Bank of Austin will remain at a single location for the first few years and will provide the majority of its services online. According to Eckert ,”The Bank of Austin is going to be a tech-focused bank in terms of our operations and delivery of services,” The banks use of technology will provide a new level of convenience for its customers and lower its operating expenses.

Can the Texas commercial lenders, succeed as they did in San Antonio?

The Bank of Austin founders hope to replicate the success of the Bank of San Antonio, another bank founded by the same group. The Bank of San Antonio began in 2007 with just 25 million dollars in initial investment, it now holds 698 million in total assets. The Bank of Austin seeks 40 million in initial investment, an amount that should cover the banks operating expenses for three years. The Bank of Austin’s founders believe that the banks simplified organizational structure will help them repeat the success they achieved at the Bank of San Antonio. Eckert said the bank “will only have an Austin agenda” and the group is “only focused on making sure we take care of clients in Austin and the surrounding area.”

Will the Bank of Austin’s one-on-one approach help it stand out among Texas commercial lenders?

Operations by the Bank of Austin will be centralized at one location for the foreseeable future. This factor and the use of technology will minimize overhead costs for the bank. With low expenses and a focus on customer service the banks founders hope to replicate their success at the Bank of San Antonio. But competition with alternative lenders is stiff. Online lenders have even lower overhead costs than the Bank of Austin. Will the Bank of Austin be able to keep up with the pace of innovation in the Fin Tech industry?



Dennis-Dahlberg-Mortgage-Broker-1_th

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

Texas Commercial Real Estate: Texas cities compete for Amazons new headquarters.

Industrial-Property-300x214Amazon recently announced plans to build a second headquarters. The Texas commercial real estate market has shown robust growth for many years, will the states growing economy is enough to attract Amazons new headquarters?

Amazon has a long list of benchmarks before any city can be considered for its new headquarters. The metro area must have a population that exceeds 1 million. Any prospective location must have on site mass transit, be within 45 minutes of an international airport and have immediate access to a major highway or arterial road. Amazon also wants prospective cities to have a vibrant student population and excellent educational institutions. A number of metros in Texas meet Amazons guidelines, but Dallas and Austin stand out among the crowd as the most likely locations for Amazons new headquarters in the state.

Dallas has a number of distinct advantages among Texas cities in the competition for the new Amazon headquarters. The Dallas Regional Chamber and the Mayor have already taken concrete steps and are already scouting locations for the proposed headquarters. Only San Francisco exceeds Dallas in terms of high tech talent. The University of North Texas at Denton is already a major recruitment base for Amazon, offering the nation’s only digital retail degree. Dallas talent base, low-cost of living and excellent infrastructure are sure to be positive factors Amazon will consider before it makes its decision.

Austin is also on the short list of candidates for the new headquarters. The city offers a burgeoning student population, with more than 425,000 college students residing in the immediate area. Other tech-giants have found the region favorable. Apple, Google, Facebook and Samsung already have established their offices in the city. Amazon may consider the proximity to Whole-Foods Headquarters as the biggest attraction for building its new headquarters in Austin. Amazon just bought the grocery chain and the opportunity to have two headquarters in one city makes Austin very likely to win the bidding war for the new headquarters.

Other Texas cities are also competing for the Amazon headquarters. Demonstrating just how robust Texas’ commercial real estate market actually is.

Apart from Dallas and Austin, other Texas cities are throwing their hats in the ring. 10 Amazon fulfillment centers, with 10,000 employees are located in the Fort-Worth Area. The cities recent airport expansion enables cargo transport to Asia, a real benefit Amazon may consider. Houston has also expressed interest in the new headquarters. Houston has plenty of centrally located and vacant office space available. But the city, even with a significant student population, doesn’t have a strong tech-scene when compared to Dallas. San Antonio is also making a bid, but the city may not have sufficient space downtown and the airport lacks some of the capacity Amazon has requested.

Texas’ commercial real estate market is one of the strongest in the nation. But how will Texas fare against other states?

Cities in Texas of course want the prestige of being chosen for the new Amazon Headquarters, as well as the potential economic benefits Amazon promises. But Texas isn’t the only state or area being considered. Cities in Texas are still in competition with potentially more prestigious cities like San Francisco, Boston or New York. Amazon executives have already put Boston at the top of the list, according to Bloomberg. However Boston and other densely populated cities may be too expensive for many low level Amazon employees. Texas and cities like Austin and Dallas stand out due to their low cost of living and their business friendly environments.

Dennis-Dahlberg-Mortgage-Broker-1_th

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

Maxdarapebble Commercial Real Estate Financing

The “Pros” of Short Term Maxdarapebble Commercial
Real  Estate Financing 

To grow any business to the next
level, it’s important to have the financial backing in place to be order to
afford expenditures of expansion. Short term 
Maxdarapebble commercial real estate financing can take your company to next
level but first you’ll need to understand what will be required of you to make
sure you are eligible for this type of loan.
Short term Maxdarapebble commercial real estate
financing
can be just the solution to the problem of coming up short on
cash. Unlike conventional financing options that have five or ten year
repayment terms, the repayment schedule of a short term is typically much
shorter — likely between three and six months. This type of financing is also
usually approved easier than traditional long-term loans and the payment
restructure can be made in not only smaller, but also more frequent payments –
whether daily or weekly – versus a monthly lump sum. When securing this type of
financing its important to figure into your budget the repayment. 

Another “pro” of
short term commercial real estate
financing 
Maxdarapebble is that you can get the cash you need relatively fast. This is
important when your company is in a tight spot and it’s also a good way for new
companies to establish some business credit, which can be beneficial, and help
them improve their chances of getting approved, if they need to apply for a
larger conventional .




The Damage Hurricane Harvey Causes on Commercial Mortgages in Texas is Still Unclear

1page_img3Hurricane Harvey brought record-rainfall that led to some of the worst flooding that the country has ever seen. Those in the area are eager to see the damage that Hurricane Harvey left on commercial mortgages in Texas.

Local banks are a little on edge because it is still unclear just how much work is needed to build the area back up after being hit hard by the category 4 hurricane. As of now, it is estimated that tens of millions of properties backed by commercial mortgages in Texas could be at risk and face a long road of recovery.

The Small Business Association has already received a good number of disaster loan requests, leading many to think that more are on their way and that the industry of commercial mortgages in Texas could have been heavily impacted. Not only do businesses have to worry about repairing the property damage caused by Hurricane Harvey, they also are dealing with the loss of income after having to close for so many days during the storm and now during the recovery efforts.

Unfortunately, the area had already been facing issues because Hurricane Harvey tore through southeastern Texas. The state saw a very high vacancy rate at the end of the 2nd quarter, the worst vacancy rate percentage the state had seen in over 20 years. Because of these struggles before the storm, it could take the area even longer to recover.

Commercial Mortgages in Texas could have been heavily impacted by Hurricane Harvey

The long-term impact of the storm and struggles before Hurricane Harvey could take a lot of time and effort to rebuild. With the flood damage and missing income for a good amount of time, many are in fear of having issues with making a profit. These need for commercial mortgages in Texas could increase due to those needing extra help to get back on their feet.

Some are hoping that commercial mortgages in Texas are the most of the issues when it comes to that industry

The aftermath of Hurricane Harvey may still remain unclear, but some are hopeful that the banking industry will not suffer too much, since they were already seeing issues. The storm lasted for several days in some areas and broke plenty of records. Lenders are fearing late payments will be more common and that this trend will only continue as the area rebuilds from a bad 2nd financial quarter and now the damages caused by Hurricane Harvey.

Dennis-Dahlberg-Mortgage-Broker-1_th

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 Real Estate Loan in Texas Used to Refinance One of the Most Well Known Buildings in the Heart of Houston

4page_img4After experiencing the devastation of Hurricane Harvey, some good news comes to the area. The city of Houston is eager to see the changes that will be made to one of their most popular and well-known office buildings in downtown Houston thanks to Holliday Fenoglio Fowler approving a commercial real estate loan in Texas

Located in the heart of downtown’s Houston Theatre District, one of the most recognizable buildings in the Houston skyline and even across the globe is going to be getting a new look, all financed by a commercial real estate loan in Texas funded by Holliday Fenoglio Fowler. The architectural icon is at 700 Louisiana in Houston’s central business district.

The 1.2 million square-foot office is 56 stories and was designed by Phillip Johnson and John Burgee. The building currently homes many law and financial services firms that benefit the Houston community greatly. Luckily, Hurricane Harvey had little impact on the business operations of the building, with all of the businesses in the building is back to their daily activities.

The borrower of the commercial real estate loan in Texas, M-M Properties worked closely with Holliday Fenoglio Fowler in a very detailed process to get the refinancing rolling. The impact of refinancing the well-known building is going to give it a higher property value by sprucing up the lobby and more.

Privately held real estate investment firm gets help with commercial real estate loan in Texas

With M-M Property having their headquarters based in Houston, they know how hard the area was hit by Hurricane Harvey. The property management company is hoping that this is a positive event happening after such a devastating time. M-M Property is an experienced, privately held real estate firm that is located in the heart of Houston.

The commercial real estate loan in Texas lender is eager to see how the changes will improve the area’s value.

After Houston was hit hard by Hurricane Harvey, Holliday Fenoglio Fowler is excited to see the changes that will be made during the renovations to bring the area back to the way it was before the storm rocked the area, causing 18 counties in the state to be declared disaster areas. Holliday Fenoglio Fowlers has 24 offices across the country and is a leader in commercial real estate loans in Texas and throughout the United States along with offering many other financial and marketing services.

Dennis-Dahlberg-Mortgage-Broker-1_th

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 Real Estate Loans in Texas Expected to Rise Due to Hurricane Harvey

2page_img4Many across the Lone Star State are looking for a helping hand, especially with commercial real estate Loans in Texas, after Hurricane Harvey hit. The hurricane brought record-breaking rain and floods causing 18 counties in the state to be declared disaster areas.

Relief efforts are already underway to rebuild southeastern Texas back up. Many have been impacted ranging from families to businesses to residential areas to commercial areas. A large number of people and businesses are in need of commercial real estate loans in Texas to get back on track after Hurricane Harvey ripped through their area causing not just property damage, but income loss due to being closed during the storm and during the recovery efforts.

Since so many are in need of commercial real estate loans in Texas to be able to start cleaning up the damage that Hurricane Harvey left behind, F.N.B Corporation announced last week that they donated more than $100,000 to relief efforts by the American Red Cross for those not just in Texas, but also those impacted in Florida by Hurricane Irma.

F.N.B. Corporation help not only fundraisers, but also earned donations from a combination of donations from employees and those from the actual corporation. The company went above and beyond to raise funds to help those impacted by recent hurricanes by matching $3 dollars for every dollar raised by their employees.

The need of commercial real estate loans in Texas to get back on feet may grow even more

It is still unclear just how much damage Hurricane Harvey caused, but as Business Insider reported, those at F.N.B Corporation has heard first hand from local banks and lenders just how devastating the damage is. It is going to take more time to fully understand how much damage was brought on by the category 4 storm. Because of this, F.N.B. Corporation’s president and chief executive officer, Vincent J. Delie Jr., is hoping that his company’s generous donation will inspire other to show their kindness and willingness to help those who have been impacted.

F.N.B Corporation doesn’t even offer commercial real estate loans in Texas, but want to help the area in any way that they can.

Even though F.N.B. Corporation doesn’t do commercial real estate loans in Texas, they do offer a full range of commercial banking to the eastern part of the country. They have 400 banking offices across the eastern part of the United States with assets totally $31billion dollars.

Dennis-Dahlberg-Mortgage-Broker-1_th

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

Leader in Commercial Real Estate Loans in Texas Lends Helping Hand to Refinance Two Properties in the State

250px_callCenter3Reported by PR Newswire, Hunt Mortgage Group, top leaders in commercial real estate loans in Texas and across the United States, is helping refinance two properties in Texas. The Freddie Mac affordable multifamily loans total an investment of $205 million dollars.

Both of the commercial real estate loans in Texas are a 7-year loan term that comes with 24 months of interest-only payments, along with a 30-year amortization that start during the third year of the loan.

The first property, Red Hills Villas Apartments, is a garden style multifamily complex that has six building on their property that houses 168 units. The complex is occupied one hundred percent by low income residents located in Round Rock. The total commercial real estate loan in Texas is worth $13.8 million dollars. Red Hills Villas Apartments is hoping to use the money to make changes to the units and add more accommodations to better the living experience of the residents.

Champion Crossing Apartments also received a commercial real estate loan in Texas from Hunt Mortgage Group. The apartment complex is located in San Marcos, Texas and has 156 unites throughout a total of 13 buildings on the property. The loan totals $6.7 millions dollars and is being used to refinance Champion Crossing Apartments along with upgrading many features to deliver a better experience to their residents.

Both borrowers of the commercial real estate loans in Texas are experienced and Hunt Mortgage is eager to see the outcome

Hunt Mortgage Group is excited to lend a helping hand to two borrowers that have plenty of experience in the industry. Hunt Mortgage Group has plenty of experience working with customers like these two, totally $21 billion dollars of assets across the country. The group has 24 locations across the United States with their headquarters based in New York.

Commercial real estate loans in Texas continue to grow in Austin and the city is already seeing the benefits

Both of the locations that received commercial real estate loans in Texas from Hunt Mortgage Group are located near the excelling city of Austin. Red Hills Villas Apartments is only 20 miles north of the city! This gives plenty of shopping access to the residents along with being close by to the top schools in the area and large employment centers. It is a great location for residents, especially those looking to work for companies that deliver high technology services.

Dennis-Dahlberg-Mortgage-Broker-1_th

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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