Tag Archives: commercial hard money lender

Growth in Texas Commercial Lending Becoming Successful Trend in Ohio

September 20, 2017Uncategorizedcommercial hard money lender, commercial hard money lenders, texas commercial lending, texas commercial loans, texas commercial mortgagebigdaddydennis

Texas Commercial Lending is giving a helping hand to the economy and banking industry in the city of Cleveland along with the surrounding areas. Not only has the city seen plenty of growth in the last year, the good news is that their economy continues to be thriving and there are no signs of it stopping any time soon.

Even though the rest of the country seems to be stable or tapering off, Texas Commercial Lending only continues to boom in the state of Ohio. Among many things, this is giving a slew of opportunities to many banks in the area along with many national banks. Since the city has to try to keep up with the high demand, it has caused an increase in banking locations throughout the Cleveland area.

With several more locations popping up all over the city, that means there are more job opportunities and more banking options. People from all over the banking industry and the country are flocking to Cleveland to get in on the great things that are happening thanks to the economic growth. More and more banks are expanding offices to the area and more professionals are moving there as well. This means that there are more jobs and banking options from people to choose from.

Other cities around the country are actually taking to note to see how they can get their area to start seeing the success that Cleveland has seen in the recent year. And this trend only continues to strength the city’s economy. It is even helping out the entire country’s economy, with more cities trying to replicate the success Cleveland has seen.

Texas Commercial Lending Growth is Win-Win Solution for All

Many people are really starting to be able to see the benefits of Texas Commercial Lending growth in Ohio. With more jobs and more opportunities in general, the city is starting to see the perks of a strong and thriving economy. The growth has even started to nearby areas and the surrounding cities of Cleveland are starting to reap all of the rewards as well.

Ohio is Eager to See the Future of Texas Commercial Lending

With the economy and Texas Commercial Lending being so strong at the moment, the state of Ohio is anxious to see how long it can last. Since other cities besides Cleveland are starting to see growth, Ohio is hoping that it is a sign that it is only going to continue to thrive and not slow down anytime soon.

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 Best Ways to Qualify for Texas Commercial Loans

September 20, 2017Uncategorizedcommercial hard money lender, commercial hard money lenders, commercial hard money loans, texas commercial loan, texas commercial loans, texas commercial mortgagebigdaddydennis

It can sometimes be tough to qualify for Texas Commercial Loans. There are many things that be held against you and we have gone over the things that penalize your chances of approval. But what are some things you can do to help increase your eligibility?

Credit obviously plays a huge role in qualifying for any loan. You must show that you have excellent credit to even be considered in the running for most Texas Commercial Loans. Having a credit score of at least 680 will almost always guarantee approval. But it is ideal to aim having a credit score of around 700 for any chances of not being denied for extra funding. Having great credit shows that you can responsibly manage your finances. This isn’t the only factor when it comes to getting approved, but having a credit score of around 700 gives you the biggest chance of approval. As mentioned before, if you are struggling with reaching a decent credit score, you can start out with a small loan to help build your credit. Getting approved for smaller loans and making regular, on-time payments will help build your credit effectively for future loans.

Another qualifying factor is keeping a good record of your cash flow. You need to prove to the lender that you are making enough revenue to pay back the loan. If the lender can see that you can afford the loan and trusts you, then you will have a better chance of qualifying. A good way to successfully do this is by having consistent sales along with great bookkeeping.

Even though many lenders have loosened up when it comes to collateral, it still something that is highly considered when getting approved for loans. These certain assets that a business owner pledges to the lender if they cannot make the repayment can add value to your loan since failure to make payments could lead to the right of lenders to seize these assets.

Avoid Pitfalls by Applying for Various Texas Commercial Loans

One important thing to remember is to not get discouraged right away if you don’t have all of these things under your belt. You still have the chance of getting approved for some type of loan, you just need to do research and find out which places do not have such strict requirements. There are various places that may reject you, but with so many options out there for Texas Commercial Loans, there are also a number of places that will approve your application. Just remember to keep your options open and to shop around for the best loan for your business.

The key to Texas Commercial Loans eligibility is stability!

If you can prove that your business is stable and show increasing sales, then you shouldn’t be worried about not getting approved. Managing your money, sales and overall company says a lot to the lender. Try to think of it like selling yourself to the bank to show that you are worthy of getting approved for Texas Commercial Loans.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Are Shopping Malls Still Texas Commercial Lending’s Problem Child?

September 19, 2017Uncategorizedcommercial hard money lender, commercial hard money lenders, commercial mortgage, commercial mortgages, texas commercial lending, texas commercial mortgagebigdaddydennis

Malls across the country are dying, but they aren’t beyond hope. New approaches to Texas Commercial Lending and redevelopment stand to save the old titans of retail.

The dying shopping mall has become one of the most enduring (and discouraging) icons of the decade. While ripe for social media parodies, this trend has real consequences for property investors who long ago invested millions of dollars into a once-bustling center of commerce. With the rise of Internet shopping and a new generation of consumers, the shopping mall has also become a sort of parable for other industries. Adapt and innovate or die. Consumers won’t wait around while you figure it out.
According to a report published in The Atlantic, just two thirds of the country’s remaining 1,200 malls are enjoying success. That means about 400 malls nationwide are spiraling toward bankruptcy or already dead. Of course, one industry’s loss is another industry’s opportunity. There is still money to be made in America’s shopping malls, even if that revenue isn’t coming from retail sales.

● Dying anchor stores lead the decline – The death of the American mall actually provides an insightful illustration of some important real estate realities in the retail sector. First and foremost, malls saw their decline because department stores were unable to compete with the rise of eCommerce. As a result, department stores began to go out of business. As key anchor stores began to disappear from across the country, remaining tenants were able to pay greatly reduced rental rates. This created scenarios where once thriving malls began to bleed money seemingly overnight.

● Redevelopment is no easy sell – In other sectors of the Texas Commercial Lending industry, updating an obsolete building is much more straightforward. Sell the property off to new ownership, identify a new use for the space and make upgrades as necessary. Making upgrades to a dying shopping mall is not so simple, in large part because malls are typically owned by trusts or groups of investors. They may not all agree on the best next steps for recouping their investment, and this lack of leadership can spell doom for a shopping center that is already in decline. Even worse, finding a redevelopment project that takes an entire shopping mall’s worth of square footage is not a simple task. That’s why so many investors are thinking outside the box when it comes to shopping malls.

● Innovative Texas Commercial Lending offers fresh solutions – Ultimately, the fate of America’s shopping mall will depend on the savvy investors who can come up with new strategies for the empty space. Many times those inspired to rescue a mall are those who have invested in nearby businesses and fear the impact an abandoned mall will have on their foot traffic. Many malls have been purchased by community colleges or purchase for redevelopment into a education or medical campus.

A Private Lender Could Quickly Provide The Capital You Need To Buy A Mall

Those with a winning idea for mall redevelopment are in a unique situation. Purchasing a spacious shopping center space has never been easier, so get creative to take advantage of this one-in-a-lifetime opportunity.

Don’t let uncertainty hold you back from making strategic investments in a uniquely versatile retail properties.

Winners and losers in commercial real estate are determined by who thinks ahead the furthest and the fastest. By working with an experienced private lender, your company can be on the cutting edge of this trend.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

A Closer Look At China’s Dynamic Texas Commercial Mortgage Industry

September 19, 2017Uncategorizedcommercial hard money lender, commercial hard money lenders, commercial lenders, texas commercial lending, texas commercial mortgage, texas commercial real estatebigdaddydennis

China’s latest explosion of international Texas Commercial Mortgage investments has been curbed by the government. Don’t expect China to shrink from the global lending market, however.

Just last year, a significant trend caught the attention of Texas Commercial Mortgage market analysts worldwide. After spending much of the two decades playing catch-up, China established itself as a major player in the global commercial real estate market. According to CNBC, China investments in overseas real estate assets exceeded $28 billion. These investments played a major role in helping the country finally exceed the U.S. as the biggest cross-border real estate investor on the planet.

Now that China is the leading investor in international real estate, it make sense for those in the market here in the U.S. to start strategizing about relevant opportunities. According to the same CNBC article, Chinese investors still have over $200 billion of capital in the bank, ready to be invested into intriguing commercial real estate opportunities.

● Stateside investments significantly outpacing 2016 – Compared to 2015, China’s 2016 investments in international real estate represented a 56% increase. Why the sudden surge in investments? One reason is cultural; the Chinese appreciate owning property and don’t mind investing their assets into buying more. The other reason is as security against the unpredictable yuan. Regardless of why, the reality is that Chinese investors have seemingly endless sources of capital that they are eager to spend on overseas property. Accepting and embracing this new status quo presents a number of intriguing opportunities for savvy investors.

● Chinese investors still flocking toward American properties – Despite the fact that the Chinese are new players in the U.S. Texas Commercial Mortgage industry, they show no signs of slowing down their investments anytime soon. Data collected by CBRE and published by EPR Retail News revealed that international Chinese investments exceeded $45 billion in the first half of 2017. Just under half of that investment (approximately $22 billion) made its way into the United States. Additionally, New York now ranks just second after London as the top destination for China’s foreign investments.

● Government curbing of transactions may not deter individuals – In the last half of August, the Chinese government stepped into limit the flow of capital out of the country, reported Bloomberg. By placing a ban on “irrational” investments and specifically targeting real estate investments, the government has effectively limited the corporate world’s ability to participate in the global mortgage market. It is important to note that these regulatory changes crackdown on corporate investments, individual investments in commercial real estate in the United States are likely to continue.

China’s Explosive Growth Reflects New Space For Innovation In The Industry

The combination of China’s rapid ascension into the global mortgage market, as well as the introduction of new state regulatory restrictions, is bound to inspire even more innovation and bold international investments.

Let China’s exciting evolution in commercial real estate inspire your company to make a bold move.

Be sure to explore all of your options no matter what type of commercial real estate project your company is planning. A bit of input from a well-informed lender can make all the difference in the outcome of your investment.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Texas Commercial Lending Professionals To Deal With Cyber Threats In 2017

September 19, 2017Uncategorizedcommercial hard money lender, commercial hard money lenders, commercial hard money loan, commercial real estate, texas commercial lendingbigdaddydennis

Commercial real estate professionals are at greater risk for cyber attacks than ever before. Increase your company’s security by expanding your knowledge.

Cybercrime is here to say. This can be said with confidence because of how much money that businesses globally are spending to secure their digital assets. According to the latest Cybersecurity Market Report released by Cybersecurity Ventures, worldwide spending on cybersecurity products is expected to be greater than $1 trillion over the five years between 2017-2021.
Many companies in the Texas Commercial Lending industries that have already taken a proactive approach to securing their company and their client from digital intrusions. Others have taken a less diligent approach to proofing their operations against cyber threats, making these companies are among the most vulnerable. Regardless of what approach your company has taken toward cybersecurity, there’s always time to correct the course. These tips will help commercial real estate companies back on the right track.

1. Don’t Underestimate The Threat – One of the many reasons that commercial real estate professionals fall prey to cybercrime tactics is because they believe that their operation is of no interest to a hacker. Alternatively, they may believe that the investments they have already made are sufficient to protect them from attacks. This naive approach belies the interconnected nature of the industry. Even if one of your colleagues or industry partners is at risk, there’s a good chance your company is at risk as well.

2. Understand Where Cyberattacks Start – One of the most difficult parts of protecting a commercial real estate firm from digital threats is covering every angle of attack. Data breaches can occur because hackers take a hard look at a company and decide to dig in and overcome their firewalls. On the same token, data breaches can occur because an employee working remotely accidentally loses their login credential at a coffee shop. A malicious virus stored on a client’s computer systems may even transfer over by way of email or a shared digital document. There are so many points of entry that without a dedicated team of specialists, your company must simply accept a certain degree of vulnerability.

3. Take Care When Financing Smart Buildings – If your company plans on financing a commercial real estate asset or building one from the ground up, special care must be taken around the installation of “smart” or Internet-of-Things technology. These devices, meant to interconnect a variety of consumer products via streamlined app functionality, offer value in that they can potentially make a workplace more efficient. They also represent a critical cybersecurity risk, as most smart products lack the necessary encryptions necessary to safely link them to the company’s network.

Ignoring Cyber Threats Won’t Make Them Go Away

Don’t put off securing your company from digital threats. The Texas Commercial Lending industry is competitive enough without setbacks caused by malicious hackers. It’s best to assume your company is a target, even if you don’t understand what hacker would be targeting.

Protecting real estate investments from hackers is easier when your lender has your back.

Lenders who are familiar with the nuances of smart technology are savvy enough to know you’ll need extra help securing your state-of-art building when you finance. If relevant, be sure to bring up your concerns about cybersecurity directly at the negotiating table.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Hurricane Harvey Poses Challenges For Houston’s Texas Commercial Mortgage Industry

September 19, 2017Uncategorizedcommercial hard money lender, commercial hard money lenders, texas commercial lending, texas commercial mortgagebigdaddydennis

Hurricane Harvey has taken its toll on Houston’s commercial real estate market. This overview of the industry impacts reveal how devastating the damage really was.

Hurricane Harvey, the Class 3 hurricane that has devastated Houston, Texas, has also wreaked havoc all along the state’s coast. In addition to displacing tens of thousands of people, Harvey has set a number of records, including the wettest hurricane on record in the United States, according to Reuters. The storm has already become the second most expensive in the nation’s country. Quoting Texas Governor Greg Abbott, ABC News reported that the total funds necessary to recovery from storm exceeded $125 billion.

This destruction has impacted residents of the state at every level. Additionally, the damaged caused by Hurricane Harvey has also had major impacts on businesses in the area, doing irreparable damage to commercial real estate assets throughout Houston and the surrounding areas. Considering that the Texas Commercial Mortgage industry in Houston was already dealing with setbacks, the further consequences of Hurricane Harvey could be devastating.

● Traditional lenders have already begun reporting damages – Banks and other financial institutions in Houston have already begun to tally up their losses. The San Antonio Express-News reported that Houston’s Prosperity Bank, one of the state’s largest regional lenders, is expected to see $34.9 million in pre-tax losses as a result of the storm.
Cullen/Frost Bankers, parent company of San Antonio’s Frost Bank, is expected to take an even bigger hit of $53.4 million in pre-tax losses. Despite being deemed a “manageable” loss by Frost Bank, the devastation caused by Hurricane Harvey is sure to have a lasting impact on the state’s regional mortgage lenders.

● Texas Commercial Mortgage bonds are at risk for billions – The chaos and property damage caused by Hurricane Harvey is likely to cause immense losses for commercial lenders. National Real Estate Investor reported that $8.9 billion of bonds packaged into mortgages are at risk in Houston alone. Across the state, estimated damages exceed $30 billion.

● Multifamily investors must also prepare for delinquency – Another sector of the commercial real estate market that will be affected immediately by Hurricane Harvey is multifamily. With thousands of Texans displaced and their homes in unsafe conditions, there is little guarantee that landlords will be taking in rent over the next few months. National Real Estate Investor estimates that billions of dollars in mortgage bonds are wrapped up into multifamily properties as well. Harvey could leave billions of dollars of delinquent multifamily loans in its wake.

Natural Disasters Emphasize The Need For Versatile Real Estate Portfolios

Those investors who put their entire portfolios into Houston properties are likely protected by hurricane insurance. That being said, covering for all the damages caused by a natural disaster like Harvey is nearly impossible. Investing in new and different types of assets is a better way to prepare for the unknown.

Work with a savvy private lender to diversify your portfolio, increase your financial flexibility and protect your revenue stream with a Texas Commercial Mortgage.

Need help making your company’s income stream more resilient against the unexpected? Smart real estate investments are great first step. An private lender with commercial real estate experience can tell you more about how to move forward.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

A Closer Look At The Emergence of REITs In The Texas Commercial Lending Industry

September 18, 2017Uncategorizedcommercial hard money lender, commercial hard money loan, commercial lender, commercial loan, commercial mortgage, commercial real estate loan, texas commercial mortgagebigdaddydennis

REITs represent the next generation of big players in the Texas Commercial Lending industry. In the near future, these trusts are targeting opportunities in the industrial, multifamily and student housing sectors.

When buying stock from another company, your business diversifies its portfolio while creating opportunities for new revenue. These investments aren’t a sure thing, but the potential reward is well worth the risk. The same attitude has encouraged the rise of real estate investment trusts (REITs), private companies that specialize in purchasing and managing commercial property.
By investing in a REIT instead of directly purchasing real estate, investors can enjoy the perks of a strong market without having to deal with the hassle of actually buying, maintaining and selling real estate assets. It’s no wonder that the new approach to commercial financing has become so popular. For companies interested in acquiring commercial real estate assets, it is important to understand how the rise of REITs has affected the status quo.

● REITs stand out among growing field of non-bank lenders – Due to strict terms and excessive requirements, borrowers have been more willing than ever to accept an alternative to banks and traditional lenders. This demand has given rise to REITs, organizations that typically make it easier for their clients to receive capital and adopt a flexible repayment strategy, According to CoStar, REITs loaned out over $14 billion in the first half of 2017 alone, suggesting that their approach to financing has a broad audience. If REITs continue to increase their control of the market at this rocket pace, then it will only be a matter of time before they become true leaders in the industry.

● Industry sector piques interest of REIT investors – It’s interesting to see how REITs operate compared to other non-traditional lenders, who may concentrate on niche industries that banks may not be interested in. REITs, on the other hand, seem to be competing directly with other industry for the biggest slice of pie. According to the National Association of Real Estate Investment Trusts (NAREIT), most REITs are primarily focused on industrial projects. This is in line with most banks and traditional financial institutions.

● Many REITs already planning for the future – One of the clearest signs that REITs are here to stay is the fact that the industry’s leaders are already thinking about what’s next. A survey by National Real Estate Investor confirmed that most REITs are prioritizing taking advantage of opportunities in the rebounding industrial sector. In addition, REITs are also planning to zero in on medical office, multifamily and student housing investments in the next year as well. What does this mean for the rest of the industry? A more competitive pool of lenders is a boon for borrowers, and may actually create new opportunities for investors to score a big return.

Don’t Invest Without Understand Every Other Player In The Industry

It pays to know who you’re competing against when begin investing in commercial real estate. That’s why it’s so important to work with a lending professional who knows the local market (and its players) like the back of their hand.

Understanding where your company’s investments fit into the bigger Texas Commercial Lending market is a huge advantage.

Get the inside information you need when making commercial real estate investments by reaching out to experts in the area. Working with a knowledgeable private lender will provide your company with critical insights about the surrounding area.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Maximize Your Commercial Mortgage By Avoiding These Common Real Estate Investment Flubs

September 14, 2017Uncategorizedcommercial hard money lender, commercial hard money loan, commercial lender, commercial lending, commercial loan, commercial mortgage, commercial real estate loanbigdaddydennis

Real estate is full of promising opportunities. Avoid these rookie mistakes to ensure your company gets a full return on its commercial mortgage.

Once your business has developed a detailed, data-driven action plan, it’s time to pull the trigger on the company’s big commercial real estate move. It’s important to remember that small mistakes can greatly impact the end value of a major investment. The same goes for commercial real estate investments. If your company wants to get the full value back for a commercial mortgage, it pays to plan for common hurdles. The more prep work you do before hand, the greater the return on your group’s investment.

What’s the best way to make sure these little mistakes don’t cost you hundreds of thousands of dollars? Be informed and plan ahead. Don’t let the following common commercial real estate flubs chip away at the value of your investment.

● Don’t Assume Banks Have All The Answers – Traditional financial institutions hold a great wealth of information, but remember that they are also businesses competing for your dollar. Unless you have a pre-existing relationship with a bank, they are only obligated to tell you so much about the market and what types of commercial mortgages are available elsewhere. Furthermore, their risk-adverse nature can make banks less knowledge of niche or emerging industries.

● Avoid Investing On A Hunch – Going with your gut will serve you well in numerous business scenarios. A major decision concerning real estate investment is not one of them. Your company is much better off relying on data analytics and fresh impressions of recent deals. Having a detailed strategy in place also makes it easier to correct your approach if your project isn’t showing immediate results. Investing on a hunch puts your company back at square one if said investment doesn’t pay off immediately.

● Select Properties Only After Extensive Research – Where you invest deserves just as much thought as how you invest. To this end, your company must dedicate significant resources to evaluating and vetting a property before selecting it for development. Failure to do so puts your business at risk for managing a snowballing problems down the road. These types of systematic issues tend to develop when major details about a property are overlooked. Make sure specialized professionals look over every aspect of the property before making a decision.

● Maintain A Student Mentality – The best commercial real estate investors never stop learning. The property market is nothing if not dynamic. Those who assume the status quo’s best practices will keep working five or ten years from now have unrealistic expectations. That’s why it pays to keep learning about the market and stay abreast of recent trends even after you’ve committed capital to your investment.

Investing Your Commercial Mortgage With Expert Help Limits Your Company’s Risks

Need to get into the commercial real estate game sooner than later? There’s no substitute for experience. If your company doesn’t have that know-how internally, it pays to reach out to an practiced professional.

A vetted and capable lending professional can offer the helpful inside information you need to succeed.

Connect with a reliable private lender for access to capital and a better understanding of the market where your business is choosing to invest.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC Private Hard Money Lender
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

What To Look For In A Redevelopment Project Before Taking Out A Commercial Loan

Location is vital when picking out a building for redevelopment, but that’s just the start. There are several factors to consider before your company is prepared to take out a commercial loans.

Innovative redevelopment projects remain the closest thing the commercial real estate industry has to a sure bet at the moment. It’s not surprising why these properties are so valuable, considering the old real estate adage that encourages investors to pick up the crummiest house in a nice neighborhood. When the location and fundamental are sound, all it should take is a few tactical investments and smart marketing to turn a struggling Class B property into a Class A asset.

That’s why so many companies, likely yours included, have mused the possibility of taking out a Commercial Loans to invest into an office, industrial or multifamily redevelopment project. Look for the following qualities when evaluating potential targets for investment. The more ideal the property you choose is for redevelopment, the more you stand to make back on your investment.

● Versatile Marketing Potential – The most suitable candidates for redevelopment are those properties that have the greatest potential for a wide variety of projects. An office building that could be sectioned off into multiple, smaller offices, for example, offers more flexibility than a single-floor industrial facility. Focus your investments on properties that give your business the most paths to success.

● History Of Income Generation – Chances are that if you are looking at a property for redevelopment, the building’s current income generation is not ideal. That being said, it pays to look into the history of the facility. Was there a time where the property was performing well? What kind of customers used to frequent the businesses that rented space the building? A once successful establishment is much easier to turn around than one that never attracted business in the first place.

● Established Traffic Flow – Location, as always, in extremely pertinent to real estate transactions. In the case of redevelopment, learn as much as you can about the businesses surrounding a potential property asset. Their customers make up the traffic flow that is already present near your investment. If your company’s redevelopment strategy targets these consumers, your company is already in a good position to get back the full value of its commercial loan.

● Removable External Fixtures – First impressions are extremely important, especially when it comes to getting individuals to take a second look at a struggling property. You want the building’s exterior to broadcast quality, innovation and class. The easier it is to provide a facelift, the more likely you are to make a big splash with your redevelopment project. Properties with removable external features are ideal for redevelopment because they can be quickly replaced and refreshed with modern, eye-catching accents.

Cost-Effective Improvements Allow You To Fully Leverage Your Commercial Loan

The more you understand the types of consumers that frequent the spaces near your investment property, the more you can tailor your improvements to their needs and expectations. Being able to narrow in your approach to improvements will help reduce costs.

Clever redevelopment projects promise serious return for savvy investors

Ready to invest in a prime redevelopment opportunity? Your business can get the capital it needs right now by working an experienced private lender.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

3 Tips For Getting Your Next Commercial Real Estate Loan Approved

September 14, 2017Uncategorizedcommercial hard money lender, commercial hard money loan, commercial lender, commercial lending, commercial loan, commercial mortgages, commercial real estate loanbigdaddydennis

It’s time to go back to the drawing board if your commercial real estate loan gets denied. These tips can help you turn that failure into a profitable success.

Your company is ambitious and looking to take advantage of a tempting real estate investment. The only problem? The business lacks the immediate capital and your most recent commercial real estate loan was denied. Don’t think that means your commercial real estate project is out of the picture. Your company has ample opportunity to rebound from this rejection. What’s the best way to proceed?

By understanding why your loan application was denied and identifying ways to change up your approach, your company is in a much better position to get an approval. Employ the following strategies to put the odds in your company’s favor:

1. Address Feedback From Previous Applications – Chances are that the lender that denied your application provided an explanation for why your loan wasn’t approved. Perhaps your company’s credit score was too low or the business’ credit history was not sufficiently diverse. Perhaps your company and the lender couldn’t agree to satisfactory terms. Either way, learning the lessons from the first application is critical toward getting the your next commercial real estate loan approved.

If your company is unable to effectively address these criticisms, then it’s important to develop a narrative explaining why these perceived weaknesses are irrelevant. Simply having a confident explanation for holes in your company’s loan application will improve your chances of getting approved.

2. Draft Multiple Promising Business Strategies – Regardless of why a lender reportedly denied your application, it almost always comes down to whether or not the lender was confident your company could successfully pay back the loan. With this in mind, it’s up to your business to do everything it can to convince a lender that they are likely to see a return on their investment. Business plans demonstrate to lenders that your company has defined path toward success.

Depending on other factors in your company’s credit history, this may not be sufficient. Devising multiple contingency plans, illustrating your ability to pay back the loan in multiple scenarios, may be enough to get your loan approved.

3. Consider A Private Commercial Lender – Instead of changing up your approach, why not just change up your lender? Traditional lending institutions like banks have plenty of capital to lend, but strict rules about who, how and when they lend it to borrowers. Working with a private lender promises more flexible options that better line up with your company’s timeline. Private hard money loans have their own advantages, so much so that it’s worth comparing your options even if you can get you loan approved by a traditional lender.

A Flexible Lender Will Help Your Company Create Success Through Real Estate

Start researching your lending options now if your company is preparing to make a major commercial real estate investment.

Don’t let your business miss out on an opportunity for lack of capital.

Local private hard money lenders are ready to facilitate your next commercial real estate investment. Reach out today to learn more about your options for rapid capital.

Technorati Tags: commercial loans,commercial lending,commercial mortgage