Category Archives: Texas bad credit loan

How to Make Getting Hard Money Business Loans Quick and Easy

When it comes to getting approved to hard money business loans, it can be an arduous process. But Level 4 Funding offers simple “ABCs” to help you become eligible for loans and get approved fast!

When you decide you want to get hard money business loans for your company, there is a lot you can do to prepare before you ever even meet with a lender. For example, as with most anything, research can begin on the Internet. Do some digging about the types of loans available to business owners like yourself in your same industry and specific to you needs (for example, are you looking to purchase equipment or a building? – there are specific loans designed for each of those needs).

Once you’ve done some initial research about the types of loans out there, do your due diligence on lenders. While there online marketplaces that make getting a loan without ever leaving the comfort of your coach very doable, it’s also important to make sure you have the proper expertise and guidance — especially if you are first-time borrower. That comes from working with a professional lender.

Look for lenders that are local, have experience with loans in your specific industry and who can share their portfolio with you. Getting a good feel for your lender and moving forward on the same page makes the process of applying for hard money business loans much quicker and easier.

When you have made the decision on a lender, you can then decide if you need a short-term or long-term loan.

There are so many different ways to go about obtaining the loan as well as the kind of loan. Once you begin the application, you and your lender can work together on fine-tuning the right terms for your loans.

Once you submit your application, there are some evaluations that take place.

While with conventional banks and long-term loans, the process is much longer, requires a more complex application and proof of multiple forms of documentation, financials, credit reports and so on short-term loans with an alternative lender move much more quickly. The application process and fairly straightforward and the lender is mainly interested in collateral — and not much else. So if you want to move the process along, be prepare to prove what you can provide as collateral to secure the loan. It can even be the equipment or property that you intend to purchase with the loans. It’s a good idea to obtain legal advice when it comes to reviewing the term agreements. Be sure to take your time with all the documents that will require your John Hancock. These terms are binding with that signature. This is also a good time to review the entire contract with a fine-tooth comb to ensure that you haven’t missed any clauses about additional charges, fees or even pre-payment penalties. When you are ready to find a loan that’s right for you, call us at Level 4 Funding today.


Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC 
Private Hard Money Lender
Arizona Tel:  (623) 582-4444
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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Criteria for Selecting Commercial Lenders

Evaluating commercial lenders can be a difficult task. But preparing a list of criteria to use for selecting the best lender to meet your needs can be a great time saver.

As a business professional, both your time and your money hold a great deal of value. So it is important to find a lender who will meet all of your needs. Ideally, you will be able to evaluate enough commercial lenders to select a few to forge long term relationships with to ensure continued financial prosperity. The process will undoubtedly take some time but the long term benefit will be a good working relationship with a primary lender as well as other secondary reputable lenders.

Commercial lenders are all about money. You would not be seeking a commercial lender if you did not need money. But you should look at these relationships as you would any other vendor who is supplying a good or service to your business. You need to compare the merits or the service each lender is willing to provide to you. This means what type of fee structure are they offering, what is the interest rate and how quickly can they deliver on their product; your loan funding.

You will also want to evaluate the core qualities of the lenders existing clients. Do they cater to a certain industry or type of loan? Do they have a specific loan size that they tend to service? Are they familiar with your business and the type of loan that you are looking for? All of this information will help you to determine the level of responsiveness and the quality of the service that you will receive if you do business with the lender. Customer service might not jump out as an important factor when securing the loan but if you ever have an issue or want to restructure your loan, then customer service could be one of the most important features the lender offers. Think long term for customer service and product lines available. Meeting your long term needs with a single lender will save you a great deal of time in the long run.

Comfort and Compatibility

Think of your lender as a strategic partner. You will need to discuss confidential financial information as well as other proprietary information about your business. It is important that you are working with a lender with whom you have a certain comfort level. The more honest and up front you can be with your lender the more benefits they can provide to you.

Invest Time to Evaluate for Long Term Success

Creating a list of criteria to evaluate commercial lenders will require an investment of your time today. But the benefits will continue to reward you each time you complete a new loan from your lender or seek advice. Carefully consider the fees and interest rates associated with the different lenders, but also recognize the added value that customer service and fast response time can add to your relationship. Knowing that you have a lender who will meet all of your needs for the long term is worth the time involved in a careful selection process.

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

Real Estate Investing with Bad Credit Home Loans Texas

Many people with weak credit scores imagine that actual property funding is past their attain. Nonetheless, with sure forms of Texas bad credit home loans , they will reap the benefits of investing in worthwhile Texas actual property.

Almost one fourth of all People with lively credit score accounts have weak credit. Consequently, they’re labeled as subprime debtors for house loans, automobile loans, and bank cards. With a credit score rating under 640, they’ve a hard time qualifying for credit score alternatives. If you end up on this place, you in all probability imagine that homeownership and actual property investing are past your attain. This isn’t true. There are particular weak credit house loans Texas packages that may mean you can buy a house to reside in or as an funding, even with weak credit.

The commonest kind of loan that enables weak credit debtors to buy a house is an adjustable charge mortgage (ARM). An adjustable charge mortgage presents a low rate of interest at first for a specified time period, often 1 to 7 years. On the finish of the time period, the speed resets to a better rate of interest and the funds improve. The charges often begin out at lower than three% so it’s simpler for debtors with weak credit or excessive debt to earnings ratios to qualify. The reset can climb above 5% so it is very important be strategic in case you are utilizing an ARM. An ARM is sensible for weak credit house loans Texas in case you are unable to qualify for a conventional loan however you might be enhancing your credit score. Making on time funds might help rebuild your credit score so as to qualify for a conventional loan when your charge resets. As well as, an ARM is sensible as a brief time period funding technique in case you plan on promoting the house earlier than the speed resets.
Crucial factor to recollect with an adjustable charge mortgage is to reside inside your means. Chances are you’ll qualify for a costlier home than you may afford with a conventional mortgage. As soon as the speed resets you may be unable to refinance and might need to go the route of quick sale or foreclosures. This hurts your credit score rating and is what gave Texas bad credit mortgage loans  a foul popularity. Just be sure you don’t overextend your finances and purchase extra house than you possibly can fairly afford.

Texas Bad Credit Loans and Investing

Whereas an adjustable charge mortgage may be a useful device for house possession, there’s a lesser identified funding technique known as hard money lending. Arduous money lending a kind of loan follow that’s designed particularly for actual property investments. It’s secured by a mortgage dealer however backed by an investor or group of buyers as an alternative of a financial institution. The loan is for a brief time period, often a number of months to about four years. The objective of the loan is a real funding, for everybody concerned to make money.

With a purpose to get a hard money loan, it is advisable to work with a mortgage dealer. You’ll decide a property that you simply want to buy that may be a sound funding. Usually these are repair and flip kind homes that may construct fairness rapidly. After getting a property in thoughts, your dealer will join with a hard money investor or funding crew. The buyers will look at the benefit of the property and the money making potential. They are going to use this info to find out whether or not or not they wish to make investments their capital.

Since a hard money loan is backed by buyers, they’re extra possible to present loans to people with weak credit. As a substitute of solely numbers, the buyers take a look at the potential for the property to make money and don’t focus solely on the credit score rating of the borrower. As soon as the borrower has renovated the property and sells it, the buyers make again their money plus a specific amount of curiosity. The borrower additionally makes money on the funding so it’s a win/win scenario.
A hard money loan is usually a useful device for bad credit mortgage loans Texas investing and might help people with weak credit reap the benefits of the various advantages of investing in actual property.
Whether or not you wish to buy a house for your loved ones or to make an actual property funding, there are numerous packages accessible no matter your credit score rating.
An Texas mortgage dealer might help you resolve what weak credit house loans Arizona program most closely fits your wants. A dealer will overview your monetary scenario and long run and quick time period targets to find out what mortgage product is finest for you.

Dennis Dahlberg
Dealer/RI/CEO/MLO

Degree four Funding LLC
Tel:  (512)-516-1177 Austin Texas | Fax: (888) 279-6917

www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
111 Congress Ave Suite 400
Austin TX 78701



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