Category Archives: Texas home Mortgages

How to Obtain a Commercial Loan Despite Bad Credit

While commercial lending rates are up, there are still many individuals and businesses that are finding it difficult to obtain the commercial loan they need. Fortunately, there are lenders that offer greater flexibility.

In 2017, small banks approved 49 percent of funding requests—quite a jump from 2008 when about 80 percent of small business owners received a rejection. That still leaves over 50 percent that are not getting approved and you may have found yourself one of these. Don’t give up on your dreams. There are other lenders that you can turn to when banks say no.

Hard money lenders are one of these options. They are usually private lenders that base their loan qualification standards on the collateral or assets of the property or business. While most banks require credit scores in the 700 range, private hard money lenders do not have these strict qualifications. They will want to know what your plan is for the business or property and what your exit strategy is. After all, this is how they will receive their capital as most offer interest-only payments for a set amount of time. These lenders offer short-term loans with terms that usually extend from 3 months to 3 years. Because they approve loans that have been declined by traditional lenders, there is usually an increase in risk and, therefore, a higher percentage rate often applies to the commercial loan.

These types of loans are helpful for young or new entrepreneurs who may not have the credit score required by traditional lenders. If you have a high-risk, high-return business strategy, a hard money lender may very well have the capital you seek. Many of these types of lenders are not risk adverse. In fact, if you can get them excited about your proposed business plan, have the necessary collateral, and some experience in your chosen segment, chances are good that you will leave with a loan. This doesn’t necessarily mean that all the required assets must come from the proposed business. Many individuals start their own business by using the collateral that has been established in their home or other investment properties.

What are Possible Exit Strategies in a Hard Money Commercial Loan?

Your exit strategy is an important part of obtaining this type of loan and one that you will want to consider before interviewing potential lenders. Here are a few of the strategies that businesses use: they sell the property or refinance with a more traditional lender after a property has been renovated or a business is showing a profit. Self-amortizing can also be considered, though it is a little risky. While most hard money lenders allow you to pay interest-only payments while you are developing your business or property, you may want to consider paying both principal and interest during the full duration of your loan so that it is paid off upon maturity. You will need to determine just how you will create this cash flow in order to be able to make the scheduled payments.

At Level 4 Funding, we offer hard money commercial loans that are quick to funding and require little paper work.

We offer three simple steps to obtaining your loan: a loan application, purchase contract and written approval, all of which can be accomplished in as little as 24 hours. Call us today to see if we may just be the lender that can make your dreams come true.

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 for a Faster Closing on Commercial Loans

Time can be a critical factor in some commercial property purchases. But even when time is not a factor the purchase, your time is valuable and you want to close on commercial loans as quickly as you can.

Commercial loans require a great deal of time and information. Lenders need to verify the borrower’s ability to afford the loan and the payments before they are willing to assume the risk of funding the loan. And the only way for all of this investigation and discovery is to provide detailed documentation to the lender. If you are completing the application process for the first time or it is your first application to a new lender, then you should ask for a very detailed list of documents that the lender will require. This not only shows the lender that you are consciences but also that you are eager and willing to invest the time needed to get them their requested documents. Your lender is likely to work at the same speed at which you do when they make a request from you. Work quickly to set the bar high and have your loan completed in the shortest amount of time possible.

Most lenders have a complete list of the documents that they need to evaluate applications for commercial loans. Requesting that list early will allow you to invest the time necessary to assemble a complete and thorough loan application. Consider this document to be your official introduction to a new business partner. Be certain that it is complete, professional and free of errors. This is your one chance to make a good first impression and demonstrate your overall professionalism.

When submitting documents, be sure that your profit and loss sheets are well labeled and easily understood. Call out any one time expenses clearly so that there is no question of missing information. Included full copies of the past two years of tax returns for the business and for any owners. If anyone has filed for an extension, include a signed copy of that document as well. Also, be sure that any bank statements which have been requested are included in full. Do not omit blank pages.

About the Property

Including photos of the interior and exterior of the building can be very helpful, especially if the lender is not local. But even if you are using a local lender, the pictures are helpful and can offer a more complete view of the property. Also be sure that any health or safety issues are remedied prior to the lenders inspection. Most lenders want these particular issues repaired before the closing. Finally, if the property has current tenants, be sure to include valid copies of each lease in your documentation.

Do It Right the First Time

Lenders only make money when they are fulfilling commercial loans and earning interest. They are as eager to complete the application process as you are. Investing the time to present a complete and accurate set of documents along with your loan application is certain to make the approval process more rapid. In addition, it is the best way to create a strong first impression and foundation upon which to build a long term business relationship with your lender.

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

Hard Money Lenders in Texas Can Help You Make Money!

If you’re in making further money by investing in actual property and even making actual property investing a full time profession, hard money lenders in Texas are right here to assist. Discovering the correct lender who will work with you may assist you to make your desires come true. 



Actual property investing is a good way to earn further money and it could actually even change into a full time job in case you are motivated and discover the correct hard money lenders in Texas. When you’ve got a watch for property renovation and a ardour for flipping houses, look no additional than a hard money loan to assist buy, repair, flip, and revenue from funding properties.

A hard money loan is a specialised, asset primarily based loan that’s given by hard money lenders in Texas. It’s a privately funded loan that’s backed by investor capital, whether or not it’s a single investor or an funding crew.

There are a number of benefits to hard money loans. One of the crucial attraction for property flippers is that there’s a comparatively quick wait time. You hard money lenders in Texas can get your paper work carried out, approval quick tracked, and money to you in lower than two weeks. You may also normally borrow a major quantity of the acquisition worth and you need to use different property as collateral to borrow as much as 100% of the acquisition worth.

As well as, hard money lenders in Texas do not go over your funds or credit score with a fantastic tooth comb. The loan relies on the advantage of the funding, not your private internet price or FICO rating. Which means that even if in case you have had dangerous luck in the previous, you may nonetheless get the Texas hard money  loan that you just want.

After getting your loan in hand you can begin fixing up a house and flip it for a revenue. Watch out although, chances are you’ll discover that utilizing Texas hard money to rehab and promote houses is addicting!

Dennis Dahlberg

Dealer/RI/CEO/MLO

Stage four Funding LLC
Arizona Tel:  (623) 582-4444 

Texas Tel:     (512) 516-1177 

dennis@level4funding.com

www.Level4Funding.com


NMLS 1057378 | AZMB 0923961 | MLO 1057378

23335 N 18th Drive Suite 120

Phoenix AZ 85027

 
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Concerning the writer: Dennis has been working in the actual property trade in some capability for the final 40 years. He bought his first property when he was simply 18 years previous. He rapidly discovered in regards to the superb funding alternatives supplied by trust deed investing and hard money loans. His want to assist others make money in actual property investing led him to specialize in different funding for actual property traders who might have bother getting a conventional financial institution loan. Dennis is keen about different funding sources and sharing his information with others to assist make their desires come true.Dennis has been married to his fantastic spouse for 38 years. They’ve 2 lovely daughters four superb grandchildren. Dennis has been an Arizona resident for the previous 32 years.


Get Your Texas Home Mortgage From a Private Investor

 

Texas Home Mortgage
Texas Home Mortgage

Are you in search of a private investor that can assist you along with your money points? Possibly you’ve got a home you wish to purchase or a foreclosures to keep away from. A private money lender can provide you a direct Mortgage so that you simply don’t have to fret in regards to the conventional financial institution Mortgage hassles that come up. You will get the money to your home Mortgage Texas sooner than you ever might by a financial institution and with far much less paper work and aggravation!

There are a lot of positives about a non conventional Mortgage and it’s time you bought on board with it. These hard money Mortgages permit individuals to qualify for a Mortgage when ordinarily they may have a very tough time, in the event that they even qualify in any respect. Generally when somebody’s credit score is actually dangerous, they merely can’t apply for a conventional financial institution Mortgage as a result of the banks don’t wish to take care of it. That’s why hard money Mortgages and their lenders are so vital. You will get that Texas home Mortgage that you really want. And there gained’t be any questions requested.

Take the time to essentially look into what you are able to do with a hard money lender. The time is now to become involved with a non conventional Mortgage if you really want one and you realize that your credit score rating can’t get you one by a conventional route. There’s no cause to be ashamed. If you happen to want a home Mortgage Texas however you realize that you simply had a tough time throughout this final financial downturn, then look into different methods. Look into a non standard lender and look into getting a residence Mortgage Texas from a private lender. It’s price your time to take a look at the form of lender you possibly can work with. Get the house Mortgage Texas you want right this moment.

 

Texas Mortgage Broker
Belief Deed Investing, Texas Mortgage Dealer

Dennis Dahlberg
Dealer/RI/CEO/MLO
Level 4 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

Looking to Get the House of your Dreams with Home Mortgages Texas? Luckily, USDA Home Mortgage Texas Does Exist!

Home Mortgage Mortgage Texas
Home Mortgage Mortgage Texas
The financial system collapsed and took many individuals’s credit score scores with it. However don’t let that be an excuse as to why you may’t discover happiness in a brand new dwelling! Don’t really feel such as you’re caught simply because your credit score isn’t the finest or what it ought to be. There may be hope with an USDA home Mortgage TexasIt may very well be the starting of a brand new and fantastic life for you! Simply give USDA dwelling Mortgage Texas an opportunity!
Should you haven’t heard of an USDA dwelling Mortgage Texas earlier than, take note some of the nice attributes that it comes with. The very first thing you need to know is that the USDA dwelling Mortgage Texas doesn’t require an important credit score rating to ensure that you to get your mortgage Mortgage Texas. That’s not what determines whether or not or not you get the Mortgage, so straight away you may have some reduction.
Furthermore, this USDA dwelling Mortgage Texas require you to make a down cost for the buy of your dwelling, which, as you would possibly know, could be very not like your conventional financial institution Mortgages. Which means that an USDA dwelling Mortgage Texas is a real 100 % dwelling Mortgage. And make it 100 % simpler than every other mortgage Mortgage Texas you may get don’t you suppose?
Positively look into the USDA home Mortgage Texas because it may very well be the finest sort of Mortgage you may get for your credit score rating and for your money. Since it’s so completely different from a standard financial institution Mortgage, you’ve extra freedom and little bonuses like how some USDA dwelling Mortgages Texas may even get you 102 % of the appraised worth value of the property you need to purchase. Take into account the USDA dwelling Mortgages Texas whenever you go to make your dwelling buy.
Private Hard Money Lender in Texas
Huge Daddy Dennis Exhausting Cash Lender
Texas Hard Money
Stage four Funding LLC
111 Congress Ave Suite 400
Austin TX 78701
512-516-1177

Home Mortgages Texas for People with Bad Credit: Getting the USDA Home Mortgage Texas and, as a bonus, the home of your dreams

Home Mortgage Mortgage Texas
Home Mortgage Mortgage Texas
It’s no secret that when the economic system collapsed, a lot of individuals have been taken as victims. You shouldn’t have to really feel like a sufferer anymore although, as a result of even you probably have adverse credit –or the worst credit- and also you wish to get again on your toes, there’s a manner you may nonetheless purchase your home and never have to attend for a financial institution to approve you (or not approve you, you know the way banks are). It’s time you look into the USDA home Mortgage Texas which may simply very properly change your thoughts about the home Mortgages Texas course of in relation to shopping for homes. It could possibly be the starting of a new and great life for you! Simply give USDA home Mortgage Texas a probability!
You would possibly surprise what the USDA home Mortgage Texas truly is. That’s a nice query. USDA home Mortgage Texas is a Mortgage that may enable you to get again on observe. For instance, with an USDA home Mortgage Texas you gained’t have to fret about your credit score as a result of that’s not what determines whether or not or not you get your mortgage Mortgage Texas. You may relaxation a little sigh of aid.
Some extra specs on this USDA home Mortgage Texas embody not needing a down fee for the buy of your home, very not like your conventional financial institution Mortgages. This then makes an USDA home Mortgage Texas a true 100 p.c home Mortgage. And make it 100 p.c simpler than another mortgage Mortgage Texas you may get.
USDA home Mortgage Texas is the finest type of Mortgage you may get for your credit score rating and for your money. It has little perks like some USDA home Mortgages Texas may even get you 102 p.c of the appraised worth worth of the property you wish to purchase. How cool is that? Look into the USDA home Mortgages Texas at this time as a nice option to get a bounce begin on proudly owning your personal home.
Private Hard Money Lender in Texas
Huge Daddy Dennis Laborious Cash Lender
Texas Hard Money
Stage four Funding LLC
111 Congress Ave Suite 400
Austin TX 78701
512-516-1177

Home Mortgages Texas for people with bad credit do exist: How About a USDA Home Mortgage Texas?

Home Mortgage Mortgage Texas
Home Mortgage Mortgage Texas
The economic system fell and took fairly a lot of people with it. Perhaps together with you. Don’t be ashamed by that. A variety of people have actually bad credit proper now, however that doesn’t make it simpler on you, does it? And what if you wish to get a new residence for you and your loved ones? Then what? That’s the place mortgage Mortgages Texas is available in to give you the USDA residence Mortgage Texas that may simply very effectively change your thoughts concerning the home Mortgages Texas course of in the case of shopping for homes.
When you’re questioning what an USDA residence Mortgage Texas can do for you, it’s actually fairly easy. With an USDA residence Mortgage Texas, for instance, you don’t have to fret about your credit as a result of that’s not what determines whether or not or not you get your mortgage Mortgage Texas. That is wanting higher already, I see.
Moreover, whenever you get an USDA residence Mortgage Texas, which is not like conventional financial institution Mortgage, as we said, you do not want a down fee for the acquisition of your house. This then makes an USDA residence Mortgage Texas a true 100 % residence Mortgage. How improbable is that? Conventional financial institution Mortgages can’t do that for you.
This residence Mortgage Texas is definitely a actually nice mortgage Mortgage Texas for first time homebuyers trying to get into the housing market, however perhaps haven’t but. Some USDA residence Mortgages Texas may even get you 102 % of the appraised worth value of the property you need to purchase. In order you’ll be able to see, whenever you get USDA residence Mortgage Texas, it makes shopping for a home and making use of for mortgage Mortgages Texas simpler all the best way round for everyone. Look into the USDA residence Mortgages Texas immediately as a nice strategy to get a leap begin on proudly owning your personal residence.
Private Hard Money Lender in Texas
Huge Daddy Dennis Arduous Cash Lender
Texas Hard Money
Stage four Funding LLC
111 Congress Ave Suite 400
Austin TX 78701
512-516-1177

Home Mortgages Texas for people with bad credit do exist: How About a USDA Home Mortgage Texas?

Home Mortgage Mortgage Texas
Home Mortgage Mortgage Texas
There’s a good risk that when you’ve got discovered our webpage, then you’re in all probability interested by shopping for a house! That’s incredible and thrilling! What won’t be thrilling is your credit rating. No want to fret about that now although! You may bypass the financial institution and their paper work and their ready and their aggravation and are available to us to get your mortgage Mortgage Texas with out having to even discuss your credit. Why? As a result of with an USDA house Mortgage Texas, we don’t must know your credit rating.
An USDA house Mortgage Texas is ideal for those that are attempting to get again on their toes after the economic system left them on the ground. Nicely, stand up off the ground! Arise tall once more as a result of the USDA house Mortgage Texas doesn’t require your credit rating and, along with that, there is no such thing as a down fee wanted on your home. Yup! That signifies that an USDA house Mortgage Texas a true 100 p.c house Mortgage. You don’t have to fret and you’ll have the home of your goals. As a bonus, for some USDA house Mortgages Texas, you may even get 102 p.c of the appraised worth worth of the property. When you want a mortgage Mortgage Texas however no credit, this appears like a incredible deal. Nicely, that’s as a result of it actually is.
You don’t must be embarrassed in a home you don’t love simply due to the economic system. You may nonetheless get the house Mortgages Texas that you just want and the home that you really want. Simply look into USDA home Mortgages Texas and begin the method in the present day! You received’t be sorry when your mortgage Mortgage Texas is a snap to get.
Private Hard Money Lender in Texas
Large Daddy Dennis Arduous Cash Lender
Texas Hard Money
Stage four Funding LLC
111 Congress Ave Suite 400
Austin TX 78701
512-516-1177