Tag Archives: commerical hard money lender

What it Means to Get Commercial Real Estate Loans

Do you wish you could obtain commercial real estate loans to help grow your business? Level 4 Funding explains how and why they can benefit your business.

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When looking for commercial real estate loans for your company’s business — whether you have extra expenses or you want to grow and expand your business, you need to understand that it’s not like trying to obtain a mortgage for a residential home. There are a lot of intricacies and complexities associated with the commercial type, so it’s important to know what you’re getting into.
If you’re in the market to purchase property for your business or a second location, commercial real estate loans are very useful in helping you get to the next step. Having these extra funds can bring your business into a whole new level if you are looking to build, expand, open a new location or whatever your business needs are. When you apply for this type of loan, you need to know there is a long road ahead. Most traditional loans of this sort take some time for the application and approval process. You should be as prepared as possible with your business plan, financial statements or documentation. You should also be up to date with your current credit score and history. Having all this in place will give you a head start when you start drilling down into this process.
You’re also going to want to do some initial research, planning and prep to increase your chances of a successful approval of your loan. For example, did you know that loans are sometime secured by a lien on the property that you are looking to purchase? That equates to the fact that the lender has legal rights to take over ownership of your property if you aren’t able to make the payment or repayment schedule or other terms of the agreement. That’s why it’s important to read the fine print and all the clauses of the lenders’ agreement so you know what you are signing. Have a lawyer take a look at all documentation is a good idea, too, especially one that specializes in commercial real estate loans.
There are some consequences if you are not able to pay the agreed upon financial commitments outlined in the contract.
If you can’t meet the terms of your loan agreement, or if you become in breach of contract for other reasons, you could put your business in a bad position. If payments are not made to your lender, they could foreclose on your property forcing you to close your business.
There are also other costs and fees associated with commercial loans, besides a down payment and monthly payments. Make sure you are aware of all “hidden fees” before moving too far ahead.
The initial down payment required could be about 20 to 30 percent. This can seem like a hefty amount, but it also benefits you because you begin to earn equity instantly. When you apply for this type of loan, make sure you understand the commitment you are making to your lender so you can ensure you are able to cover all costs in addition to monthly repayment schedule.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
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About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

How to Ensure Eligibility for Commercial Loans

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Can you really increase our chances of getting approved for commercial loans? Indeed there are many ways to improve your odds and Level 4 Funding tells you how.

Commercial loans are important for so many reasons and though they are some of the most complex types of loans, with the right research and “homework,” you can make some real headway to understanding what you need to do to be successful in getting the loan. There are also some things you do to increase your chances of getting approval and ensuring you don’t get rejected, which is more common than you think so if at first you don’t succeed, try and try again!

Finding the right lender is key. Search for a lender with professional experience in the type of loan you are looking to obtain; it’s also nice if they have experience with loans in your specific industry. You want to make sure the lender is one you can trust to advise you on your specific instances as the process can be lengthy and complicated — so trust is an important part of finding the right lender. Start with a lender you may have worked with in the past, but if they aren’t familiar with your needs, it might be a good idea to seek an experts for you kind of commercial loans needs.

Having a lawyer on your side can also help ensure your loan approval success. They can review and advise on documents to ensure everything is in order. If they have experience in your type of loan, that’s even better. Just as with a lender, it’s important that you have a lawyer you can trust to make sure you understand the agreement and everything that you are responsible for.

You’ll want to make sure you can afford the terms in the agreement.

Providing proof or collateral provides lenders with the peace of mind that you’ll be able to make your loan payments or in the case that you aren’t, they will be able to recoup their loses via your collateral. This is certain a way to increase your approval chances.

Having good credit is critical – but it’s not everything.

A few more ways to up your changes of approval include being organized and prepared – knowing what you want and being prepared to show the lender how to intend to make profit back is just as important as those 700+ credit scores. Sometimes it’s just about finding the right lender that really believes in your business dream and truly wants to help you make it possible. Having a plan “B” in place, having all your financial documentation and even having some down payment are also ways to increase your chances. Remember, it’s very common that first time loanees get rejected and that doesn’t mean all hope is lost. There are so many options when seeking commercial loans that you can get creative and find alternative ways to get the finances you need to fuel your dreams! So go for it!

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 Write Your Business Plan to Impress A Commercial Hard Money Lender

p1_img4You need to do enterprise? You’ve obtained to have a plan. There are quite a few the explanation why you want one and impressing a Commercial Hard Money Lender is one in every of them. If your corporation thought is sweet, get it down on paper! Don’t let lack of an excellent marketing strategy wreck your eligibility of getting a loan.

To begin with, congratulations in your entrepreneurial endeavor! If you happen to’re studying this weblog article, you’ve in all probability obtained an important enterprise thought, or one “within the works,” and it has occurred to you that you just may want a loan, may want to fill out a loan utility very quickly, and should very effectively be doing so with a Commercial Hard Money Lenders. Nothing reeks of professionalism, being ready, genuineness, and strategic-thinking, than having ready a marketing strategy–an excellent marketing strategy. Nicely–what is an efficient marketing strategy, why do you want one, and the way will your buyers consider it?

You’ve obtained to get it down on paper. Nobody needs to discuss concepts with you which might be floating round in your head with out considerate and strategic back-up planning–not potential companions, lenders, distributors, actual property brokers–the listing goes on and on. A good marketing strategy exhibits that you’re critical, that you realize what you’re doing, and for those who don’t know every thing, it exhibits that you’re greater than able to figuring it out. It manufacturers you, explains your services and products, forces you to plan your objectives and methods, spells out agreements, units values to the enterprise, and is usually a wished request of a Commercial Hard Money Lender when it will get down to finishing a loan utility.

When you have no thought as to how to write marketing strategy–how about researching on-line? There are numerous articles and how-to’s about getting began, what you want to know, and why it can be crucial to have a written plan when it comes to requesting a loan or elevating funds for your corporation thought. Most enterprise plans do embrace the next that Commercial Hard Money Lenders are searching for–a robust govt abstract, enterprise and product/service definitions, focused demographics, advertising and marketing/gross sales plan (on-line and offline), financials, companions and managers, an outline of your self and the corporate, and extra–not in that specific order.

Will Your Commercial Hard Money Lender Be Keen To Work With Your Business Plan?

There are numerous issues Commercial Hard Money Lender considers when considering providing a loan. Your marketing strategy is only one of them. Whereas a Commercial Hard Money Lender isn’t there to scrutinize each element of your plan, he/she is going to, 1) need to see that you just certainly have one, 2) see that you’ve tried addressing each space of a plan, most pointedly–advertising and marketing and financials, and, three) understand that you’re skilled, organized, critical, and decided.

A Commercial Hard Money Lender Needs A Win-Win Resolution. If Your Drawback Is

Getting A Commercial Mortgage, Get Your Business Plan On Paper And Get A Date With A Hard Money Lender.

Commercial Hard Money Lenders are great choices when and for those who could also be turned down for a loan from a financial institution, and/or if you’re in a rush so as to compete with different bidders. Nevertheless, it doesn’t matter what the circumstance, a marketing strategy is at all times wanted. If you happen to count on buyers–private buyers–to loan you probably a whole lot of 1000’s of , they’re going to need to see one thing in writing. Take it a step additional even and create the true variations–not solely present a marketing strategy, present an excellent one!

 

Level-4-Funding-Dennis-Dahlberg-Mort[1]Dennis Dahlberg Dealer/RI/CEO/MLO
Degree 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
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

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In regards to the writer: Dennis has been working in the true property business in some capability for the final 40 years. He bought his first property when he was simply 18 years previous. He shortly realized concerning the wonderful funding alternatives offered by trust deed investing and hard money loans. His need to assist others make money in actual property investing led him to specialise in different funding for actual property buyers who could have bother getting a conventional financial institution loan. Dennis is captivated with different funding sources and sharing his information with others to assist make their desires come true.

Dennis has been married to his great spouse for 42 years. They’ve 2 stunning daughters 5 wonderful grandchildren. Dennis has been an Arizona resident for the previous 40 years.