Tag Archives: texas commercial lending

Texas Commercial Lending: Bank of Austin gets its charter approved

2page_img3-bigTexas commercial lender the Bank of Austin is the first newly chartered bank in many years, a development that may inject new life into the Texas economy.

The Bank of Austin will focus exclusively on serving the needs of local business owners. The Bank will “ strive to create relationships with those businesses and individuals that would prefer doing business with the Bank, rather than the branches of regional, national or international financial institutions,” according to the recently approved charter. The number of chartered banks, in both Texas and in the nation has declined since the Great Recession. Could the Bank of Austin represent a revival for community banking in the region?

The Bank of Austin is the first newly charted bank in the state of Texas in 8 years. The bank will focus exclusively on small business owners in Williamson and Travis counties. Its founders claim there is a lack of lenders specifically focused on small businesses in the area. State regulators apparently agree, which is why the charter was given the go ahead. Texas Banking Commissioner Charles Cooper said in a statement “the formation of this new state bank is a very positive sign that community leaders are again seeing the advantage of a locally owned and managed financial institution. The Texas economy needs a strong community banking system to provide credit opportunities to small businesses and consumers.”

The Bank of Austin intends to minimize overhead in order to offer a higher level of customer service. CEO Jon Eckert said “Most regional and large banks can’t financially justify using their most experienced, highly trained employees on smaller operations because the returns just aren’t’t there.” The Bank of Austin will remain at a single location for the first few years and will provide the majority of its services online. According to Eckert ,”The Bank of Austin is going to be a tech-focused bank in terms of our operations and delivery of services,” The banks use of technology will provide a new level of convenience for its customers and lower its operating expenses.

Can the Texas commercial lenders, succeed as they did in San Antonio?

The Bank of Austin founders hope to replicate the success of the Bank of San Antonio, another bank founded by the same group. The Bank of San Antonio began in 2007 with just 25 million dollars in initial investment, it now holds 698 million in total assets. The Bank of Austin seeks 40 million in initial investment, an amount that should cover the banks operating expenses for three years. The Bank of Austin’s founders believe that the banks simplified organizational structure will help them repeat the success they achieved at the Bank of San Antonio. Eckert said the bank “will only have an Austin agenda” and the group is “only focused on making sure we take care of clients in Austin and the surrounding area.”

Will the Bank of Austin’s one-on-one approach help it stand out among Texas commercial lenders?

Operations by the Bank of Austin will be centralized at one location for the foreseeable future. This factor and the use of technology will minimize overhead costs for the bank. With low expenses and a focus on customer service the banks founders hope to replicate their success at the Bank of San Antonio. But competition with alternative lenders is stiff. Online lenders have even lower overhead costs than the Bank of Austin. Will the Bank of Austin be able to keep up with the pace of innovation in the Fin Tech industry?



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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

The Damage Hurricane Harvey Causes on Commercial Mortgages in Texas is Still Unclear

1page_img3Hurricane Harvey brought record-rainfall that led to some of the worst flooding that the country has ever seen. Those in the area are eager to see the damage that Hurricane Harvey left on commercial mortgages in Texas.

Local banks are a little on edge because it is still unclear just how much work is needed to build the area back up after being hit hard by the category 4 hurricane. As of now, it is estimated that tens of millions of properties backed by commercial mortgages in Texas could be at risk and face a long road of recovery.

The Small Business Association has already received a good number of disaster loan requests, leading many to think that more are on their way and that the industry of commercial mortgages in Texas could have been heavily impacted. Not only do businesses have to worry about repairing the property damage caused by Hurricane Harvey, they also are dealing with the loss of income after having to close for so many days during the storm and now during the recovery efforts.

Unfortunately, the area had already been facing issues because Hurricane Harvey tore through southeastern Texas. The state saw a very high vacancy rate at the end of the 2nd quarter, the worst vacancy rate percentage the state had seen in over 20 years. Because of these struggles before the storm, it could take the area even longer to recover.

Commercial Mortgages in Texas could have been heavily impacted by Hurricane Harvey

The long-term impact of the storm and struggles before Hurricane Harvey could take a lot of time and effort to rebuild. With the flood damage and missing income for a good amount of time, many are in fear of having issues with making a profit. These need for commercial mortgages in Texas could increase due to those needing extra help to get back on their feet.

Some are hoping that commercial mortgages in Texas are the most of the issues when it comes to that industry

The aftermath of Hurricane Harvey may still remain unclear, but some are hopeful that the banking industry will not suffer too much, since they were already seeing issues. The storm lasted for several days in some areas and broke plenty of records. Lenders are fearing late payments will be more common and that this trend will only continue as the area rebuilds from a bad 2nd financial quarter and now the damages caused by Hurricane Harvey.

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

Leader in Commercial Real Estate Loans in Texas Lends Helping Hand to Refinance Two Properties in the State

250px_callCenter3Reported by PR Newswire, Hunt Mortgage Group, top leaders in commercial real estate loans in Texas and across the United States, is helping refinance two properties in Texas. The Freddie Mac affordable multifamily loans total an investment of $205 million dollars.

Both of the commercial real estate loans in Texas are a 7-year loan term that comes with 24 months of interest-only payments, along with a 30-year amortization that start during the third year of the loan.

The first property, Red Hills Villas Apartments, is a garden style multifamily complex that has six building on their property that houses 168 units. The complex is occupied one hundred percent by low income residents located in Round Rock. The total commercial real estate loan in Texas is worth $13.8 million dollars. Red Hills Villas Apartments is hoping to use the money to make changes to the units and add more accommodations to better the living experience of the residents.

Champion Crossing Apartments also received a commercial real estate loan in Texas from Hunt Mortgage Group. The apartment complex is located in San Marcos, Texas and has 156 unites throughout a total of 13 buildings on the property. The loan totals $6.7 millions dollars and is being used to refinance Champion Crossing Apartments along with upgrading many features to deliver a better experience to their residents.

Both borrowers of the commercial real estate loans in Texas are experienced and Hunt Mortgage is eager to see the outcome

Hunt Mortgage Group is excited to lend a helping hand to two borrowers that have plenty of experience in the industry. Hunt Mortgage Group has plenty of experience working with customers like these two, totally $21 billion dollars of assets across the country. The group has 24 locations across the United States with their headquarters based in New York.

Commercial real estate loans in Texas continue to grow in Austin and the city is already seeing the benefits

Both of the locations that received commercial real estate loans in Texas from Hunt Mortgage Group are located near the excelling city of Austin. Red Hills Villas Apartments is only 20 miles north of the city! This gives plenty of shopping access to the residents along with being close by to the top schools in the area and large employment centers. It is a great location for residents, especially those looking to work for companies that deliver high technology services.

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 Handful of Successful Banks Offering Commercial Lending in Texas Recognized by American Banker

3page_img2-bigEach year, American Banker are eager to report their list of the Best Places to Work for across America. Some of the top banks who happen to specialize in commercial lending in Texas were named on this year’s 2017 list.

The Lubbock-Avalanche Journal recently reported that several banks with commercial lending in Texas experience in the Lubbock area were on American Banker’s list as one of the American Banker’s Best Places to Work. First Capital Bank of Texas, Peoples Bank, American Bank of Commerce, City Bank, Happy State Bank, First United Bank and Vista Bank were all honored by American Banker.

Banks from all across America were evaluated on a number of different things that included workplace policies, workplace practices and also demographics. Employees were asked to conduct surveys relating to their experience working for the bank. It is important that other banks are encouraged to take note of the winning banks’ policies in hopes that they may be able to adopt similar policies that will help their bank and community thrive.

This year’s ranking happens to be the fifth year for American Banker’s Best Places to Work list. This year, a total of 75 banks from across America were put on the list for 2017. But western Texas happened to have the most banks recognized by American Banker compared to other parts of the country. Texas is home to many banks that offer commercial lending in Texas and the state happens to be a big capital for the market.

American Banker recognizes those with commercial lending in Texas experience to set standards.

For five years, American Banker has recognized the best banks to work for in hopes of promoting a culture of high performance along with positive experiences for all of those involved. American Banker hopes that others can learn from these notable banks that they can learn and adapt a similar culture to improve the experiences of their employees and customers.

Banks hope that being recognized means that they are the real deal in the commercial lending in Texas market.

Banks with commercial lending in Texas experience that were acknowledged were able to properly accommodate employees and all of their needs to feel more appreciated. On top of this, the banks also delivered exceptional customer service while maintaining positive relationships with not just their customers, but also their employees.

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 Top Leader in Commercial Loans in Texas Benefits Growing Austin Community with New Office Location

2page_img2Guaranty Bank and Trust are lending a helping hand to those in need of commercial loans in Texas by expanding to the Austin market. The loan production office is expected to open very soon. After the loan office opens, then the bank plans to expand their services even more by getting approval to become a full-service bank.

Globe Newswire reports that the brand-new location of the Guaranty Bank and Trust in the heart of Austin will increase the number of commercial loans in Texas. The Austin area will be able to see many benefits from having their own Guaranty Bank and Trust location, which will service many commercial and consumer customers with a number of banking and financial needs.

Mr. Travis Brown has been named the new President of the new Austin location. Mr. Brown has over 12 years of commercial loans in Texas experience, especially throughout the area and city of Austin. He is known for having established a number of great relationships with many in the banking industry, like with local business owners and also many real estate investors. Mr. Brown also comes with an extensive background and knowledge in the banking industry.

A native to the city of Austin, Texas, Mr. Brown attended St. Edwards University, first earning a Bachelor’s Degree in Business Administration and Management. He then went on to receive his Master’s in Business Administration from the University of Texas located in Austin. The new president of Guaranty Bank and Trust’s office in Austin is thrilled to be part of an organization that happens to have the values and a mission that he truly believes in and which has been the foundation of the company’s success for more than 100 years.

Guaranty Bank and Trust is excited to add an experienced and knowledgeable leader in commercial loans in Texas to their team

With Mr. Brown bringing so much of his experience and knowledge with commercial loans in Texas, the Austin community, especially local businesses in the area, will be able to benefit greatly from the addition. The Chief Operating Officer of Guaranty Trust and Bank, who is also Chairman of the Board, Ty Abston, is looking forward to bringing Mr. Brown on board to his team to lead the new Austin location, especially because of all of Mr. Brown’s strong connections with those in the community.

When it comes to Commercial loans in Texas, Guaranty Bank and Trust are the real deal!

Guaranty Bank and Trust is well-known across the state of Texas, for providing their customers with financial products and services that include mortgage, trust and wealth management. Their ultimate goal is to build trusting relationships with their customers while providing excellent financial services and customer service. Guaranty Bank and Trust currently has 26 locations across 18 communities in Texas. They have loans totally $1.3 billion dollars.

Dennis-Dahlberg-Mortgage-Broker-1_th_thumb

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

Banks Eager to Help the Small Business Administration with Commercial Loans in Texas

1page_img1The Small Business Administration is lending a helping hand to those impacted by Hurricane Harvey. But local banks are wanting to help the Small Business Administration speed up the process when it comes to approving commercial loans in Texas.

Many have been hit hard in Southeastern Texas by Hurricane Harvey. The category 4 storm brought record breaking rain causing massive flooding, with a total of 18 counties in the state being declared disaster areas. It could take months for the area to recover, so the Small Business Administration is stepping in to provide assistance, which includes approving commercial loans in Texas.

The Small Business Administration is a United States government agency that provides support and funding, including disaster loans, to small businesses who have been hit by natural disasters. Loans are given up to a total amount of $2 million dollars. Just last week, the Small Business Administration reported that they have processed a total of 95 loans so for, totaling $8.5 million dollars.

Due to Hurricane Harvey, the Small Business Administration has satellite offices setup in Houston, Port Arkansas and Rockport, making it a one stop location for businesses that are needing help after being hit by the hurricane. The Small Business Administration is there to serve those who have suffered property damage or economic loss. Local banks are wanting to help speed up the assistance, for example, help with approving more commercial loans in Texas. They feel that they can help the Small Business Administration be more efficient and effective since they have established relationships and know their customers.

The Small Business Administration could use a helping hand from local banks to approve more commercial loans in Texas to those in need.

The goal of the Small Business Administration is to approve loans within 21 days of the loan request. But with so many requests for commercial loans in Texas due to recent damage and economic loss caused by Hurricane Harvey, it is taking the Small Business Administration longer to process and approve some of these loans. Local banks in the area are willing to help with the process so they can assist even more people in the community.

When it comes to commercial loans in Texas, the Small Business Administration are there when you need them!

The Small Business Administration was designed to help small businesses get back on their feet after they have suffered from a natural disaster and they have been very effective in doing that. Just this past fiscal year, the Small Business Administration has approved over 25,000 disaster loans, adding up to a total of $1.4 billion dollars. The total of disaster loans issues and the total cost of support given by the Small Business Administration is expected to be even more for the 2017 fiscal year due to the devastation caused by Hurricane Harvey and Hurricane Irma.

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

Using A Texas Commercial Mortgage To Generate Income: What Are The Advantages?

Handsome business man Generating a revenue stream from a commercial property is a great way to develop a passive income portfolio. However, it is not always easy to get started. So why should you use a Texas Commercial Mortgage to help you reach your real estate dreams?

Commercial real estate properties consist of two different types of income-generating property. The first is an office or retail space, where a business owner pays the landlord to rent space in order to do business. It is common for the land lord to have an office in their own building and property. The second method of generating income through real estate is by owning a multi-family housing unit, which is a general term for an apartment building or similar piece of property.

Getting started in this industry might not be easy, as the application process to obtain a Texas Commercial Mortgage is often long, time consuming and stressful, but the benefits can far out weight the hurdles. Here are a handful of reason why you could pursue a loan to help you acquire property.

The interest rates are comparatively low – Because a loan to purchase property is secured by the property itself (if the loan defaults, the bank becomes the owner of the property), this often times means that interest rates will be lower than with other types of lending. Banks do not need to charge as much because their risk is greatly reduced by having a physical asset as collateral.

Rental Income – Whether it be office space or residential living areas, you can supplement your Texas Commercial Mortgage payments by renting space out to tenants. Not only could this income quickly exceed your monthly payment, but as you build equity in your property, it can be an excellent source of income on a regular basis.

Capital Gains – One of the greatest kept secrets of the real estate industry is capital gains. After you get your feet under you in the real estate market and start buying and selling properties, you will discover the beauty of capital gains. Essentially, the way the tax laws are set up, if you make a profit on a real estate sale, you may immediately roll that profit into another property and not pay a single penny in tax on that income. By doing this, you can grow your real estate empire, with the help of loans, without being penalized in taxes. It simply doesn’t get any better than that.

Is there any way out of a Texas Commercial Mortgage?

While it might not be easy, there are plenty of ways that a borrower can bring a Texas Commercial Mortgage to an end. If you decide to sell the property, you can immediately use the profits to pay off the mortgage and use the rest as capital gains. But even if you go out of business, there are actually options provided by lenders for just such an occasion. Again, it isn’t easy, but it is most definitely possible. Just make sure that you fully understand the terms and rates of your loan so that you do not get stuck in a situation that makes it difficult to move on.

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

What Factors Determine My Texas Commercial Real Estate Loans Rate?

HouseComing up with an interest rate for your Texas Commercial Real Estate Loans is not just as simple as going with the current market rate. There are a number of factors that go into determining the rates for individual borrowers.

When it comes to Texas Commercial Real Estate Loans, the more you know about how the actual numbers are arrived at, the better off you will be, not just in understanding where you stand, but also as a potential point for negotiation with lenders. There are four main areas that will affect the rate of your loan.

Credit Risk of the Borrower-A lot of this comes down to the individual’s credit score and the transaction history of the business. To put it simply, if the borrower has a credit score that is very good, they will be receiving a much better rate from lenders. Banks see a high credit score as an indicator of financial responsibility and rates will be lowered because the bank does not have to worry as much about being paid back. With lower credit scores, rates will undoubtedly go up, as the bank is going to want to make sure that they are getting the most out of their loan at the beginning of the process rather than over the course of the loan. In fact, if a borrower’s credit score is too low, it might not even be possible for them to receive a Texas Commercial Real Estate Loans.

Amount and Length of the Loan-This is a tricky factor to nail down, as it depends on the type of lender that is offering the loan. It also has a tendency to go hand in hand with the credit risk presented by the borrower. As a general rule, the higher the credit risk, the higher the interest rate and the shorter the length of the loan. This is especially true with hard money lenders, who offer very short-term loans with higher interest rates for borrowers who have a low credit score. Traditional lenders often work opposite of this, with shorter loans receiving lower rates, while longer loans that require longer terms might have a higher rate.

Market Rates-There is no getting around it. The strength of the economy also impacts the interest rate that a borrower will pay on a Texas Commercial Real Estate Loans. As a general rule, if the economy is strong, the interest rates are going to be low in order to entice borrowers to take out loans and expand their businesses. If you are seeking a loan during an economic upswing, you will likely get a very good rate, but always try to get it locked in, just in case the economy takes a turn for the worse.

Type of Loan-The type of loan that is being acquired will also play a part in the interest rate that is applied to it. Hard Money loans are going to have much steeper rates than traditional or SBA loans. This goes back to the credit risk that is presented by the borrower. Another determining factor in the type of loan is how long the business has been in existence.

So why are Texas Commercial Real Estate Loans interest rates typically lower than other loans?

When a lender is able to have security on a loan in the form of real estate, it ensures them that they will at least get value out of the loan if the borrower is not able to pay. As such, they will lower interest rates because they are less worried about claiming their profit on the front end of the deal. They will allow it to be spread out over a longer term. Texas Commercial Real Estate Loans are a relatively safe loan for lenders because of this security.

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

What Other Fees Can I Expect To Pay With My Texas Commercial Mortgage?

services_bg2Everyone knows that loans of any kind are not simply just the principal and the interest. Texas Commercial Mortgages are no different, in this respect, as they come with a listing of fees.

This is one area where it truly does pay to read the fine print and be absolutely sure that you, as the borrower, have a water-tight seal on your understanding of your Texas Commercial Mortgage. This is, after all, going to affect your hard-earned profit.

There is no way around the fees that you might face as a borrower, however. You could have charges for legal fees, property assessments or even application fees. Sometimes these fees must be paid before you are even given an answer as to whether or not you have been granted your Texas Commercial Mortgage. This fee structure is actually one of the reasons that many find it difficult to apply for more than one mortgage offer, as the fees that must be paid ahead of a loan can sometimes run into many thousands of dollars.

With little exception, the fees associated with obtaining a mortgage are the sole responsibility of the borrower. The lender is allowing you to purchase property, so in their eyes, the borrow must front the cost of ensuring that everything surrounding the property and the loan. This usually also includes some sort of property appraisal so that both the lender and the borrower are able to amicably determine the true value of the property.

It is for this very reason, and the costs associated with the mortgage, that it is incredibly important for a borrower to know where they stand with their chances of acceptance with a lender before going through all of the cost and time that will be needed to complete this process. These fees are not something to take lightly. However, do not let this discourage you! If you are in a solid position to be accepted, then these fees are simply a cost of doing business. Be careful and thoughtful when it comes to understanding the fee structure of the application process and other associated fees.

What else do I need to understand to be able to accurately track my Texas Commercial Mortgage?

One final thing that you need to understand to truly figure out how your loan and interest rate work together with your Texas Commercial Mortgage is how “points” on an interest rate work. Essentially, one point is worth one percentage point off of your loan’s interest rate. This is something that is determined by the lender and goes rich into their pockets. For example, if your loan is 10% with 3 points, that means that you are effectively paying a 13% interest rate, with the extra 3% (the 3 points) being paid directly to the lender. While these points are negotiable before the loan is signed and delivered, once the mortgage is in effect there is nothing that the borrower can do to reduce this. The only option, if you feel as though your rate is too high, is to refinance for a lower rate or seek out an entirely new loan.


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
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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

I’m Repaying My Texas Commercial Loans, Why Do I Have To Provide Additional Documents?

Untitled-1Your Texas Commercial Loans was approved, you signed the dotted line and now you are entering repayment. It’s just that simple, right? No. Many lenders require much more from their borrowers.

Obviously, it is your main responsibility as the borrower of a Texas Commercial Loans to uphold your financial responsibility by paying back your loan according to the terms that were agreed upon at signing. Whether this is a long term or short-term loan, that remains a constant. But what many borrowers do not realize is that with many lending institutions, this is not the only requirement that is ongoing.

Borrowers are prepared for the application process by getting all of their financial documents in line. This has to be done before the loan is even processed. But what many small business owners don’t realize is that many lenders require an ongoing sharing of financial information to assess the progress of their loan.

This is where it is essentially for you to be very clear on what your lender is going to require of you after the loan is dispersed. Some lenders require annual statements (balance sheets and tax returns), while other require the borrower to check in with an income statement on a monthly basis. In many cases, failure to provide the documentation that is required in a timely manner will put your Texas Commercial Loans (and property) at risk.

In addition to reporting requirements, some lenders require borrowers to meet certain benchmarks to maintain good status. These conditions of your Texas Commercial Loans will be disclosed at the time of approval. They will not be sprung on you after the fact. Often times this means being able to maintain a certain level of cash flow and not taking on much new debt. This will require you to watch your operating budget very carefully from month to month. It might even require changing some of your day to day operations to meet the financial requirements. You might also need approval for any other debt-incurring expenses that would affect your debt to cash flow ratio.

The good news is that you will know all of this ahead of time, but you must recognize, that when it comes to your loan, these are not optional portions. They are just as serious as your monthly payments. You must keep this in mind when deciding upon a loan, especially if you are in an industry that has periods of stagnation.

So what happens if I am able to make my payments, but cannot meet the other conditions of my Texas Commercial Loans?

The first thing that you should do is to make sure that you have a good CPA. This will alleviate much of the work load and stress. Then you are not attempting to keep up with all of it by yourself. Sure, it will cost you, but a good CPA is going to pay for themselves many times over. Second, talk to your Texas Commercial Loans lender and tell them your plan to get back on track. You cannot afford to ignore this problem, as there is a lot of money and assets undoubtedly riding on its success.

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
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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