Monthly Archives: October 2017

Many Are Eager to See if Commercial Real Estate Financing Will Finally Bounce Back Towards the End of the Year

4page_img5With the third quarter coming to a close quickly, many are hoping that the start of the fourth quarter will bring a boost to commercial real estate financing. Due to a slow start at the beginning of the year, the market has not quite recovered and there are a number of reasons that the industry is seeking improvements.

The numbers for the third quarter will be reported soon, but if we take a look back at the second quarter numbers, the commercial real estate financing in New York actually saw a decline, but it was extremely masked by massive size loans that were for just a few number of commercial real estate properties in the Big Apple. And because of the large size of these loans, many people didn’t even really notice the decline.

For example, one of the largest commercial real estate financing deals in New York happened to be the renovation of the well-known General Motors Building. The building is located on famous Fifth Avenue and is now home to an Apple store, which makes it the technology company’s flagship Fifth Avenue location. The deal was completed over the summer in June with a $2.3 billion-dollar price tag for the loan.

In May, the property located at 245 Park Avenue received $1.2 million dollars in commercial real estate financing. These two loans, along with a couple of other also larger loans happen to be significantly larger than any of the other loans approved in the New York City area during that quarter. Meaning that the top five loans in the city in the second quarter went on to total 20% (that is 1/5th!) of the total loan amount for the entire quarter.

Commercial real estate financing didn’t see successful numbers in the second-quarter, but it also didn’t see a drastic decline

The numbers for the second quarter in New York City technically fell flat according to Forbes. But some of the good news is that after seeing a 12% dip from the second quarter in 2015 to the second quarter in 2016, the market has actually stayed stable, not really seen a declining shift. But considering that the top five loans made up 20 percent of the total loans, the numbers actually do show a slight decline, but nothing too extreme.

High expectations are still set for commercial real estate financing for the rest of 2017

But these numbers shouldn’t get you too worried or discouraged! They don’t necessarily mean that a slump is on the way and will be a common trend. It just means that the market experienced a bad quarter, but can hopefully it can bounce back quickly. The market just need to continue to focus on moving forward, but with caution, and keeping in mind the large amount of loans that are being approved.

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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

Tips on How to Effectively Find the Right Commercial Lenders for Your Business

1page_img3Commercial lenders are there to lend a helping hand when companies need extra assistance with financing. But not every borrower is experienced enough to know what to expect when looking for the right lender for their business goals.

Sometimes your company needs some extra financing to restructure or even expand your business. Working with commercial lenders can be different in every scenario, but there are some basics to always remember when looking for extra finance help for your business.

After you have done some brainstorming and plenty of research, it is time to design a detailed plan for how you want to finance your project. It is wise to start this process by looking for commercial lenders in your area. Location is important and looking for local help is extremely beneficial because they will know the area well and understand all of the local regulations when it comes to financing. Dealing with a skillful and knowledgeable professional will help this daunting process go a lot smoother.

At the beginning of the process, after you find someone local to work with, be prepared when you go to meet with them by giving a complete outline of your project plans. The outline should include things like that estimated cost of the project and a summary of all of the future projections along with as much background information as possible of all the properties and people involved in the process. You may think that all of that time making a plan could go to waste since It may not always go beyond the preliminary review. But keep in mind that it is a good way to organize your thoughts and ideas on paper and a denial early on may cause you to reflect on your project to see if any changes should be made. You might be getting denied for a reason!

Commercial lenders should offer their best advice to borrowers

After the review process is complete and the lender is ready to move forward with the rest of the process, they should be available to offer any support and advice that is needed. Every borrower needs to fully understand all of the terms in the agreement. So, it is crucial to look for help from someone you can trust, that is dependable and is able to answer all of your questions.

There are plenty of things to consider when looking for commercial lenders

It can often be a time-consuming and stressful task to look for commercial lenders. Then after you find the right one, you have to go through the whole process of the application and working out the terms. It may seem impossible for this whole process to go smoother, but if you spend some time really thinking about your financial plan and design an outline that will be easy to move past the preliminary review, then you are half way there! Finding the right person to work with your business and your finances is going to be important for a pain free loan process from application to closing.

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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

A Few Things Borrowers’ Should Consider When Selecting Successful Commercial Lenders

Handsome young man looking confidentlyA handful of borrowers are looking for more than just a trusting relationship when it comes to choosing commercial lenders. The whole lending process, from the start of the application to the very last day of closing, has become more of an interview process, with a lot of competition!

Since there are a number of commercial lenders that borrowers can choose from, this is leading to borrowers becoming more and more picky when choosing the right lender to help them with their finances. Borrowers have always wanted to get the best deal or at least a fair price along with reasonable terms, but they are looking at a lot of other variables besides just the best deal.

Being able to have a variety of customizable options plays a big role when it comes to borrowers picking the right lender for them. A one-size fits all plan obviously doesn’t work for every company, and they know this! This then leads to them wanting to see more specific options that will help them reach their business goals. This is where the top lenders come in and will be able to sit and listen to the needs of their borrowers. They are there to give them the best advice and options that suit their business goals.

When it comes to dealing with commercial lenders, the response time is always crucial. We live in a very fast-paced business environment, where technology is at the top of our fingers and constantly changing. Of course, there is going to be various response times, like when it comes to proposal delivery time to the time it takes to deliver all of the closing documents. If a lender can accomplish these steps in a timely and quick manner, then they will stand out from the other lenders.

The trust and dependability of commercial lenders are always benefits that every borrower looks for

Whenever you are dealing with someone and your finances, you want to make sure you establish plenty of trust early on along with dependability. This makes for a strong relationship and even the possibility of a lasting relationship with commercial lenders. Even when the news isn’t always the best, lenders need to be up front and honest with their customers, which in return will earn their respect. It is valuable to find someone you can communicate openly with about your financial decisions.

Commercial lenders need to be the real deal to stand out from all of the other lending competition

Borrowers are looking for relaxed credit terms and low prices, but they take many other factors into consideration when choosing the right lender to deal with. Variables like having options, a fast response time and building a trusting relationship are just as important to borrowers as finding a good deal.

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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

How to Prepare for When You Need to Work with a Commercial Lender

4page_img3At some point in your life you may need to think about working with a commercial lender. You want to make sure that you have clear expectations and know what you are doing when it comes to all of your financial decisions. That is why it is best to be prepared and keep an open line of communication at all times.

A commercial lender offers a variety of loans, but they all pretty much have the same factors that all lenders look at when evaluating companies for approval. It usually comes down to the 3 C’s: Character, Cash flow and Collateral. The 3 C’s are an effective and useful way to understand the lending process.

Often times the character of the borrower plays a large role when it comes to being accepted for loans. Lenders want to make sure that the borrower they are lending to is trustworthy and will be able to pay back the loan without much hassle. This is where credit score and bankruptcy history play a big factor in the decision of the approval. If the loan is for a larger amount, your business credit score could also play a role in getting accepted. But, the overall character of the borrower is what will really comes into play during the decision process.

The next C of the 3 C’s of lending is cash flow. A commercial lender never wants to have to be forced to foreclose on a loan, so they need to thoroughly research the borrower’s cash flow. Looking at a borrower’s cash flow is something that every lender will most likely do and will always put into high consideration when deciding on approval. Also, the predictions of future cash flow are going to be evaluated, so be sure to keep your long-term financial goals in mind and always have a plan.

Collateral also plays a large part when it comes to get getting approved for a loan from a successful commercial lender

Luckily, for most inexperienced borrowers, collateral doesn’t really play a significant role in getting a loan approved, even though a commercial lender does take collateral into some consideration. However, all lenders are all different, so some will be more likely to accept deals that come with a stronger collateral. But collateral is very rarely a deal breaker. s long as you can provide the right documents with proof of substantial cash flow and a good credit score, you have a high chance of being approved.

But if a loan is on the verge of denial, a commercial lender might then take collateral into even a higher consideration

Sometimes a financial deal may lack strong cash flow along with a less than impressive character, leaving some loan decisions to rely heavily on collateral. This will of course lead to more expensive financing in the end because of the higher risk. It is a good idea to offer high collateral if for some reason, you think your cash flow and credit score is going to play a role in denial, but make sure to take into consideration all of the terms so that you know that the deal is worth the collateral.

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

The ABCs of Working with a Commercial Lender

4page_img2As you navigate the budget and necessary finances for keeping up with your business expenses, you may decide you need a loan. Working with a commercial lender can help ensure you get the best loan, and terms, for your business.

There is no reason to be hesitant to work with a commercial lender because there are many reasons they can benefit your loan process, versus hinder it. Quite frankly, they can save you time and money. While yes, you do have to pay a fee to a broker for their professional services, there expertise is well worth the minor expense, and using a lender will save you the hassle and frustration of trying to obtain a loan on your own if you are not familiar with the process.

Working with a lender has many benefits. Using a commercial lender allows you to refocus your time, energy and efforts back where they belong — on your business. If you are too busy trying to figure out how to get a commercial business loan on your own, you may be distracted from the important tasks of managing your business, getting out and meeting new clients, and branching out into new markets. Using a lender allows you to be where you are supposed to be – building your business.

Along with saving you time and hassle working with a lender can save you money – most small business owners would agree that money is something they have little of to waste, so why would you want to waste money trying to obtain a loan on your own, when it’s a lender’s area of expertise to find you the lowest interest rates, fees and other costs that are associated with a loan. They can also serve as a trusted advisor if you have questions about finding an appraiser, a lawyer to look over your loan documents and the like. Having a lender you trust is an invaluable asset to getting the best loan for your business.

Finding the right commercial lender is easier than you think.

Asking other business owners, doing some research online and actually meeting with lenders to see if you get a good feeling about their services are all good ways to find the right lender for you and your business needs. Don’t sell yourself short when meeting with lenders. Ultimately, this is your choice and you will be working on a complex transaction with this lender so you should form a good working relationship.

Don’t waste time with a lender who is not willing to work in your best interest.

Working with a lender should result in a win-win situation. You should feel confident that the lender you are working with is going to get you the best loan. They should have expertise in your specific loan type, as well as your business’s industry. They should also be able to give you references if you request them. Customer service is another indicator if you’ve found the right lender – answering your calls and emails, in a timely, professional and courteous manner is important too.

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

The Cons of Having Commercial Mortgages and How to Avoid Them

4page_img4Even in today’s technological world of internet-based companies, there is still a vast need for brick and mortar businesses. When it comes time to obtain commercial mortgages on building for your company, it’s important to be aware of some of the risks and downsides, so you can try to avoid these pitfalls.

Finding a “home” for your business is a thrilling part of any new or growing business. The location, the building itself and many other factors go into how you will select the property you decide upon. And when you finally move from being a renter to an owner… that is a very unique feeling. However, even if you have a popular product or successful business, there are some things you need to consider when it comes to purchasing property and taking on commercial mortgages for your company.

First of all you will be responsible for more than just your monthly mortgage on your new property. You will likely be responsible for a sum of the property upon initial purchase. For many small businesses, coming up with the cash to front this initial down payment can really put a crimp in their budgets. Typically, about a fifth of the value of the property will be required of you as the business owner.

In addition to your usual business costs, there will also be plenty of other additional expenses associated with your new commercial mortgages. These expenditures can come in to the form of marketing your new brick and mortar store or new location. You also may need to hire more people, which means your payroll just went up.

Sometimes just renting is the way to go as opposed to owning and having commercial mortgages.

As a renter, you are typically not responsible for much more of a down payment beyond the first and last month’s rent. As a renter you may also have the benefit of having a property manager to fix and repair building issues that as a building owner, you would be financially responsible for. There is some additional risk associated with ownership in the case of a natural disaster that could potentially put you out of business for some time as you fix the issues and eat the cost of any inventory lost as a result.

A final “downside” to owning a property versus renting is the commitment that you might not be able to get out of.

Once you purchase a property via a loan, it’s yours and you have to commit to repaying that loan for as long as the terms specify. Even if your company hits a slow patch or even goes out of business, you are responsible for paying the mortgage on that property. While you can try to sell the property, that can take time and you may not be able to get the value of the property that you need to be able to repay the loan. While there are some “cons” to consider, there are also many benefits of owning your own property, such as earning equity. Weigh your options before deciding to take on a mortgage for your business, or just rent.

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

How to Obtain Commercial Hard Money Loans Even with Bad Credit

1page_img2So you don’t have a 700+ credit score and you’ve received a few dings on your credit history… in business, this scenario is sometimes unavoidable. However, you can still get financing via commercial hard money loans even with bad credit – with these tips.

The fact is most people and business owners have some amount of debt, so you are not alone. However, having less than desirable credit can indeed make it more difficult to obtain a loan from traditional banks, which are known to be extremely (and notoriously) conservative lenders. But you can still seek commercial hard money loans from alternative lenders and there are other ways to ensure eligibility and avoid the pitfalls of getting your loan rejected.

Aside from your credit score, there are many things that banks and other lenders take into account when reviewing your loan. A solid business plan is another item that lenders consider. Presenting a clear and detailed outline of your plan of action to develop or grow your business, market your company and most importantly, make money, is a great way to detract from the fact that your credit might be not so squeaky clean.

In a business plan, you can give in-depth analyses and examples of how you plan to earn money or take your existing business to the next level. Include goals for growth, what you want to accomplish with your business and be clear about the strategies in which you’ll use to ensure your business will bring the lender the return on investment that he is looking for.

While a solid business plan is one key way to seek eligibility for commercial hard money loans, there are still other things you can do to up your chances of getting your approved.

That comes by way of reaching out to your creditors. If you have debt – make sure you are keeping up with payments. While rebuilding credit is a lengthy process, making payments on time shows the lender good faith that you are trying to uphold and honor the financial commitments you’ve previously made.

If all else fails, there are still other options to getting commercial hard money loans, even with bad credit.

These types of lenders don’t scrutinize your credit score nearly as much as a conservative bank or conventional lender might. As long as you have some assets to back the loan in the form of collateral, or you are able to show that you will be able to repay the loan, that is ultimately the most important thing you need to improve in the case of getting approval for these types of loans. So while you don’t have to sweat bad credit, it’s always a good idea to try to repair it, as the benefits of having good credit are many.

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

How Using Collateral Can Help You Secure Commercial Real Estate Financing

1page_img3As you start or grow your business, you may come upon a circumstance when you need to secure a loan to boost your business or cover some important expenses. When seeking commercial real estate financing, using collateral can help you get the right loan terms.

In the world of commercial loans, collateral refers to assets that serve as a guarantee to a lender in the instance that you cannot pay back your loan. In this case, the lender has the rights to obtain ownership of said collateral, whether it is a building, your company’s equipment or machinery or even your own car or house. While this sounds scary, collateral can put your loan amount into perspective, so you only loan against your assets. In this case, your commercial real estate financing will be calculated on a loan to value ratio, and the greater the value or your collateral, the higher loan amount you can borrow, in theory.

These assets are defined a certain way, so you can’t use certain things as collateral against your loan. There are also items of value you have that you may not even have considered as collateral. Typically collateral can be split into two categories – real and paper. “Real” assets refer to cars and homes, as mentioned above, but also watercraft and other vehicles. While buildings can serve as collateral, banks and lenders typically won’t consider plots of land.

The other category is “Paper” collateral, which includes stocks, bonds, investment funding and payment rights. When it comes to company stocks, take into account the current state of the market because if your stock drops, your lender has the right to sell off the assets that you used as collateral. You can also use your business’s revenue as collateral, however you will have to have a solid projection of your company’s business earnings over a set timeframe. Payment plans could be required from the lender for your commercial real estate financing loan in increments of monthly, quarterly, or even annually.

When you are applying for a loan – put your cards on the table… even your collateral.

When it comes to securing a loan, it all comes down to one basic thing — lenders need to know that you will be able to pay back the loan or that they will get something of value (aka your collateral) if you are not able to repay the loan. Ultimately, they can’t risk losing the money they lend you.

Your collateral can be just the thing lenders need to approve your loan!

Securing commercial real estate financing with collateral is a great way to get the loan you need for your growing business. As long as you intend to repay the loan within the specified terms agreed upon between you and the lender, there is no reason to fear putting up collateral when you need a loan. So when you are shopping for a loan, make sure to let your lender know what kind of collateral you have to back up your loan.

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

How to Find the Right Commercial Lender for Your Business Loan Needs

4page_img3-bigWhen you determine that you are ready to obtain a loan for your company, it’s important that you do your research in all areas. One of the most important things to do it find a commercial lender that you feel confident will get the best loan terms for you.

The world of commercial loans can be complex and confusing. That’s why it’s all the more crucial to find a lender that will make your loan the priority. Your commercial lender has the power to negotiate better rates, terms, and repayment structures, and can point you in the right direction throughout the process of applying for a loan.

When you are seeking a loan for your company, there is no shortage of options. There are various types of loans that are specific to certain business needs, such as equipment financing, and there are even short term and long term loans that are defined by their loan amount and payback timeframe. If you are seeking your first loan, the waters can quickly get murky and you can easily become frustrated, and even make a hasty decision just because you are so weary from the process. Seeking the counsel of a commercial lender can help you avoid the pitfalls associated with applying for a first time loan.

Traditional banks can serve as a direct commercial lender when it comes to their commercial offerings, but working with conduit lenders is another option. This means a conduit lender can help approve a loan and maintain it for a specified amount of time. After that term, however, they can sell it to a third party agency that is security backed. This is typically done as a short-term investment called securitization. Loan payments are designed in this type of financing to avoid prepayment, which allows for a great deal of security.

Pretend you are interviewing an employee when you meet with a lender

Consider it an interview for the job of being your lender and advisor. When you talk to commercial lenders, make sure you ask plenty of questions about their area of expertise and if they have ever worked with a business similar to yours, with similar loan needs and budgetary restrictions. Getting testimonials is a good idea, too. Before seeking commercial lenders online, ask around – talk to other small business owners to see if they have pursued loans with the assistance of a lender and if they had a favorable experience. If you have a solid relationship with your bank, that is a good place to start as well.

Take heed: not every commercial lender will handle your loan application in the same way.

Sometimes there is no “hard and fast” way to tell if you have found the right lender for you. Some of it is about trust. Some of it may come down to customer service or a “feeling” that this person has your company’s best interest at heart. Regardless of how you proceed with your loan, make sure you are happy with all the terms before signing any documentation. It’s also a good idea to have an experience financial attorney look over the agreement to ensure there are no hidden fees or “fine print” that your lender failed to mention. All in all working with a lender should be a win-win situation.

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

How Commercial Hard Money Lenders Can Be the Helping Hand You Need to Build or Grown Your Business

1page_img1Commercial hard money lenders are the experts that know the ins and outs of loans and investments and can help you find the loan to fit your needs. If you are ready to get a loan, these professionals can be your key to approval eligibility.

Whether your business is in need of a long-term loan to purchase a building, an equipment loan for machinery or other equipment, or a short-term loan for cash fast, commercial hard money lenders can help you find approval success. But first it’s important to know what you are getting into when you set out to work with these types of financiers.

These lenders often handle just a sole property type, which means that you will probably be dealing with a specific niche lender when you are seeking hard money funding. If you are looking to obtain short-term commercial loan financing, it’s important that you find a lender that works specifically with businesses of your same caliber or in your general industry. It is crucial that they understand the ins and outs of your market in order to best help you navigate your loan application.

These lenders do not operate in the same way as a traditional bank might when it comes to your loan process. They can be much more flexible in the case of a foreclosure, less than desirable credit or dings on your credit history, so that can be very beneficial for new businesses that have yet to establish credit history or for businesses that have experienced some growing pains or rough patches that left their credit history a bit tarnished.

Commercial hard money lenders can be just the experts to help you navigate a non-traditional loan.

If your company has special circumstances that you think may prohibit you from obtaining a conventional bank loan, these lenders are the way to go. They can help you in your particular niche. They have all the expertise about specific types of loans that would best benefit your company, and they can help you understand the terms of the loan you need. They have the ability to negotiate better terms as well.

Finding the right commercial hard money lenders is key.

Take some time to research the right financing partner for your business. This is an individual who you need to trust with your personal and business financial history, as well as the future success of your business, so now it not the time to take short cuts in your research or due diligence in finding the right lender for your business needs. Once you find the right lender, you will know and that will put you at ease as you begin the loan application process together.

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