Tag Archives: commercial hard money lenders

Important Considerations when Choosing a Hard Money Lender

Hard money lenders are many real estate investors choice for funding, yet many just getting into the field know little to nothing about this lending option. Let’s take a look at what this type of lender can bring to the table.

Hard money lenders are not held by the same regulations that banks and credit unions must operate under. Because of this, they can offer loans to individuals and businesses with less than stellar credit. Many are private individuals who specialize in several types of real estate investment strategies from multifamily to office to the fix-and-flip model. These types of loans are asset based, meaning that the lender will look at your collateral as the prominent element of the loan. These types of loans are good for investors just getting in to the real estate investment model.

Another positive to those that operate under less regulation is that they are much quicker to funding. This becomes important when an investor is looking to get into a property, do some quick renovations, raise the property value, and get it on the market or obtain a loan from a traditional lender that is based on the property’s new value. If you end up developing a long-term relation with a hard money lender, you will find that you can often receive the funds you need for that next investment property in as little as a few days, compared to a month or more from other types of lenders.

Be sure to check the small print. Are you working with a hard money lender that offers a no-penalty clause for early payments? A pre-payment penalty states if you pay your loan back in full before the actual due date, a penalty will be assessed. The fee is percentage-based or the amount in interest that you would have paid for a set number of months. This can lead to tens of thousands of dollars. If you have an existing loan with a pre-payment penalty, be sure to assess fees before paying off the loan in full to determine if this is the right strategy for you.

Know Your Exit Strategy

While your property may be acting as collateral, hard money lenders do not want to be in a position of laying claim and having to foreclose on a property due to unpaid debt. For this reason, they will want to know your exit strategy. An exit strategy is how you plan on paying off the debt. Most of these loans are short-term, anywhere from 3 months to five years, making this component an important consideration for both the lender and the borrower. A few options are to refinance with a commercial mortgage, renovate and sell, or pay the debt off with business capital.

Know your exit strategy before considering a hard money lender. Going in with strong collateral and a good exit strategy are keys when considering going after a hard money loan.

At Level 4 Funding, we work with hundreds of private hard money lenders. Our rates start as low as 7.99 percent with terms that run anywhere from 3 months to 5 years. Call us to see if we are the right brokers for your next real estate investment deal.

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 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
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

The Top Seven Questions to Ask Your Hard Money Lender

Hard money lenders are popular lending options when it comes to real estate investments, residential loans, and even capital needs for small businesses. Not all lenders are equal which means it’s important to come to the table with questions that can help you determine if this is the right lender for you.

Hard money lenders are, as the name implies, lenders that base loans on property, collateral or assets. In many instances, they are private lenders who can vary in their lending requirements and processes. Because of this, you will want to take the time to get to know them and what areas of lending they may specialize in. Here, then, are the top seven questions you should ask during your initial interview process. Choosing well is important not only to your current project, but to your future projects that are sure to follow.

What type of lending experience do you possess and what type of businesses or real estate segments do you specialize in? Some hard money lenders specialize in particular types of small businesses while others invest in various real estate properties. Of course, if you have stellar numbers that show increasing profitability and a well-thought out exit strategy, you may have multiple interested lenders. For your sake, obtaining a loan from someone familiar with your project type is highly recommended. Your success is, after all, their success. Leveraging your lender’s experience can help you succeed and give you the additional benefit of professional advice when needed. This leads us to the next question: Are you open to providing information and consultations if I have questions as the project proceeds?

You will also want to find out if they are direct hard money lenders or brokers that will obtain a hard money lender for you. Brokers that work with multiple lenders can often find the best deal for your specific needs which includes the fastest time to funding as well as the best rates. Just what is their interest rate, and do they charge points or processing fees? While these determine the cost of the loan, it should not be the only consideration. Time to funding as well as their experience level can be even more important points to keep in mind when choosing a lender.

Is there a prepayment penalty?

This is one of the most important questions to ask. Why? Because loans that are quick to fund and high risk can carry higher than average interest rates. If you are involved in a quick fix and flip property, you will want to get out as soon as the rehab is complete and a seller is found. And you’ll want to keep those extra profits that accompany a job well done instead of passing it on to your lender.

Make sure your lender does not charge a prepayment penalty.

At Level 4 Funding, we are brokers that specialize in finding the right lender for your particular project.

We do not charge prepayment penalties and offer fast and easy approval processes that can fund within days instead of weeks. Call us for a no-obligation quote.

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

Reviewing the Types of Alternative Commercial Loans

Why traditional commercial loans might not be right for you… and how to find the perfect loan to achieve business success. Level 4 Funding shows you how.

179284971

There are so many types of loans to consider before you decide which is right for your business needs. For example, a merchant cash advance is an alternative lending program but instead of repaying the loan in monthly installments, loanees pay it back via a percentage of their credit card sales. This is great type of loan for companies that have high credit card business because the rate of how fast the MCA is paid off is related to the volume of sales. The higher the sales, the faster the loan can be repaid — and paid off!

Another form of alternative commercial loans is asset-based lines of credit. With this type, lenders offer lines of credit based on the value of equipment or hard assets of your business. This is a great option for businesses that use a lot of equipment. That would include companies like restaurants, beauty salons, and manufacturing companies. Similar to MCA loans, the value of the equipment determines the amount of the asset-based line of credit (and access to working capital).

Finally, another option is called an unsecured line of credit. For new business, companies that don’t need equipment or ones that don’t have an actual storefront unsecured lines of credit can be great options. This option allows for businesses to obtain working capital. However, in this case the lender may require higher interest rate or payment terms because they are taking on a high-risk investment.

There are many ways that companies can benefits from alternative commercial loans.

For companies that are looking to get cash fast, non-traditional loans are the way to go. They can be approved fairly quickly and traditionally don’t require as much complex documentation required from more conventional lenders. Ultimately, these types of lenders just want to make sure they are going to get their return on investment. If you can prove that to them, a high credit or lengthy established line of credit might not matter as much.

Alternative commercial loans meet a specific purpose, so they might not be the right fit for your business.

For new businesses that don’t yet have a line of credit established or high credit score or ones that don’t have collateral, traditional banks might pass on them as too high risk. However, alternative lenders are more willing to take on these types of businesses. Do your research about the various types of loans available to you and the kind of lenders that can help you. It’s also a good idea to meet with some lenders to discuss your needs until you get a feel for the lender that is right for you. When you are ready, Level 4 Lending is here to help you find the right loan for you — so give them a call today and speak with a professional.

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

Alternative Ideas for Helping You Obtain Commercial Loans Through a Broker

Why should you seek an alternative lender for your commercial loans? There are many benefits to going this route — Level 4 Funding explains them here, so read on.

You may think you’re alone if you’ve been rejected for a loan before or if you don’t have the requirements to seek a traditional loan. But there are lots of alternative ways to get approval for commercial loans. Even if you have a few bad marks on your credit history or not the highest credit score, or if it’s a matter to a tough economy making conservative banks tighten their wallets even more than usual, that doesn’t mean you aren’t destined to let a loan. Seeking other loans like short-term or hard money loan are good alternatives. If you talk to a broker about these options, they can help you get the best loan for your needs.

There are some differences between traditional long term commercial loans and short-term and hard money loans. First of all, these types of loans don’t typically require such a lengthy and strict application process, “red tape” and bureaucracy that often takes place with conventional lenders or banks, and longer term loans.

One of the most important things to keep in mind when seeking alternative loan options is that lenders that specialize in these look mostly at the probability that you will be able to pay back the terms of the loan back. However, it’s important to know that interest rates are typically higher with short term and hard money loans – this is because lenders are putting up a higher risk. The good news is that these loan applications often are much simpler and easier to get approved quickly than traditional loans, so you can get the money you need — and get it fast! However, high interest rates are worth it if it means taking your business to the next level. Even though you may have higher interest rates, getting this loan can make all the difference for the growth of your company and taking your company to the next level.

It’s important to meet with a broker to find out if a short term or hard money loan is right for you.

When you meet with them, be upfront about what you need and your business experience or history so that they can best help you get the commercial loans you need. Professional lenders and brokers can offer advice on how to prepare for the loan including what documentation you’ll need to submit. These will typically include your financial statements, credit report, business plan, bank statements (personal and business) and more.

Try not to get too stressed out about getting approval for your loan.

Yes, this is a high-stress situation; however letting your emotions get the best of you won’t help. Try to remember to take it one day at a time. There may be snags and setbacks, but keep your eye on the prize — getting your loan approved to help open or grow your business! There are lots of options so just keep in mind that if there is some rejection along the way, it doesn’t mean it’s the end of road for your business dreams. So find the one that’s right for you and you’ll be on your way to making your business 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
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

Things to Consider When Looking to Apply for Commercial Hard Money Loans

4page_img6Commercial hard money loans can lend a helping hand when a borrower needs a quick loan. It is still always helpful to do plenty of research and know the best ways to approach this process from the beginning of the application to closing.

First, start looking for a reputable and dependable lender that specializes in commercial hard money loans. This is when referrals really come in handy, so don’t be afraid ask others that you trust who they may recommend. Next, structure and design a plan. You want to be prepared when you are going to meet with your lender. Make sure that when you meet with your lender, present a thorough plan that includes long-term goals that you have in mind for business. Also, always include specifics like deadlines and other important dates.

The plans that you present to your lender should not only include deadlines and other important dates, but also the address of the property, the reason for the loan (is it a new loan or are you refinancing an existing loan), the property purchase price and the budget you have set. You can find a number of ways to present this information, just be prepared and have all the information present that is needed for the lender to make their decision. The more prepared you come and the more information that you present, the more likely that you will see approval.

Commercial hard money loans require certain documentations for a better chance of approval. A note and deed of trust is almost always required documents. Other documents your lender might request to review include financial statements, tax reports and proof income. Also, a personal guarantee for the borrower could be very beneficial.

Using lenders for commercial hard money loans are there when you need them but at a hefty cost

The thing to always remember when it comes to commercial hard money loans is that they will come with much higher interest rates and other fees compared to conventional loans. Because the risk is much higher with these loans, rates usually range between 10 percent to 15 percent on average. This may also include prepayment penalties. Of course, extensions could be possible, but you need to negotiate all of the terms and have an open line of communication with the lender at all times. This is why finding the right one you can trust and that is dependable is so important.

Know the eligibility time of your commercial hard money loans

Most of these loans have a timeline of about 12 months, but sometimes they can even be shorter for around 6 months. The shorter-term loans usually occur when dealing with single residential properties. Some loan terms can be longer, ranging anywhere between 2 to 5 years when it comes to commercial renovations.

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 Evaluate if Commercial Hard Money Loans Are the Right Option for You

1page_img3The more research and education you receive on commercial hard money loans, the more benefits you will see from it. It is important to always have a clear understanding and plenty of communication throughout the entire process so you know exactly what is going on.

Retipster really defined it best, commercial hard money loans are just short term loans secured by real estate and funded by private lenders instead of banks or credit union. Most of these loans are for around a 12-month period but sometimes these loans can have an extension of anywhere between 2 to 5 years. The value of the property usually plays a large role when it comes to the time length of the loan along with the amount of the loan.

The borrower’s credit score doesn’t weigh heavily on the approval of commercial hard money loans. Most loans require an excellent credit score and impressive cash flow. But commercial hard money lenders are more focused on collateral which includes the value of the property. This is helpful for borrowers who may not meet the strict requirements that most banks and credit union set.

It doesn’t matter if your property is land, industrial, residential or commercial. Any property can be used for a borrower to get this type of loan. Keep in mind that there are some lenders that will only focus on specific types of property, it just depends on what they have the most experience in. It is best to be clear and upfront with what you are looking for at the beginning of the process to avoid any misunderstandings.

Most of the benefits from obtaining commercial hard money loans outweighs the extra cost

Commercial hard money loans are not only faster, they also have less requirements. But they usually come with a higher price tag because of it. Even though interest rates and fees will vary based on certain factors like the region you are in, expect to be paying much more with these loans. These types of loans are much riskier, so the interest rate will range between 10 to 15%, which is usually much higher than most conventional loans.

Commercial hard money loans are easier to obtain, but there are still some eligibility requirements

These types of loans may not have strict guidelines like the banks do, but there are some needs that need to be met. Remember that the focus is usually only on collateral and not the credit rating or cash flow. Even if there’s a record on foreclosures in the past, they could be overlooked if you are willing to pay more in interest rates and fees. Designing a plan for the property is important because you want to show a plan for long-term goals to be able to provide improvement to impress investors.

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

The Main Differences Between Bank Lenders and Commercial Hard Money Lenders

Handsome young man looking confidentlyIf you are looking for a helping hand with your finances, keep in mind the main differences between bank lenders and commercial hard money lenders. As always, make sure you’re fully educated and have done enough research about the entire loan process before ever making any final financial decisions.

First, we should explain exactly what commercial hard money lenders do. As stated in Arixacapital, they are an investor who makes loans that are secured by real estate. Often times you will be paying higher rates with these types of loans compared to a loan from a conventional bank. But there are some benefits to keep in mind that do outweigh the extra costs.

It is important to remember that these lenders may require a much higher rate compared to banks, but they also usually require much less documentation for approval. Also, compared to banks they have fewer approval requirements and are mostly only focused on collateral as part of the loan deal. This is a little different than what you are probably used to since an excellent credit score and documentation of cash flow is needed for approval from most traditional banks. But in these cases, collateral is more important with these lenders.

When dealing with banks, it can take a long time to get approval. The process takes a longer time when dealing with banks because banks not only consider collateral for approval but also requires proof of excellent cash flow along with an excellent credit score. When not dealing with banks, you can usually get your loan approved much faster because they only need to assess a few pieces of documentation and a few variables like collateral.

When investors are on the verge of a deal and need to get help quickly, commercial hard money lenders are there when you need them

So, what exactly is the point of commercial hard money lenders? Sometimes when it comes to time, real estate investors need to get a deal done rather quickly and want a speedy place they can go when meeting a real estate loan deadline on-the-fly. They may have to pay extra for this speedy service, especially when it comes to the interest rate, but they are paying extra to save time.

Using commercial hard money lenders instead of using banking lenders has its many benefits

You might have to pay more, but it makes sense to use commercial hard money lenders for many reasons. Banks can’t always get the job done in time and if you need to meet a quick approval deadline, this is the way to do it. Great investment opportunities may not always have the financial strength to get approval from banks or they may not be able to get additional on an already existing baseline credit. Plus, if it is allowed, larger amounts of loans are more likely to get approved this way.

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

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.

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

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.

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