Tag Archives: texas commercial mortgage brokers

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
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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

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

Securing A Texas Commercial Real Estate Loans: Common Mistakes

newfront4It is not an easy process to acquire a Texas Commercial Real Estate Loans from a lender. It is time consuming, stressful and, often times, confusing. There are some common mistakes that lots of potential borrowers make that you can avoid.

When you are applying for a loan to purchase real estate to enhance your business revenue, you want to make the process as easy as possible. While it is well known that you are going to need to organized, prepared and spend a significant amount of time in order to get ready for your loan application, there are also a number of things that you might inadvertently do that will hurt your chances of success. Here are some common mistakes that people make when applying for a Texas Commercial Real Estate Loans.

Not getting adequate legal consultation – Perhaps you think that you might be able to handle all of the paperwork and contracts on your own or perhaps you already have a lawyer that is less than stellar, but to whom you feel loyalty. In either situation, you need to make sure that you are getting the best legal advice that is available. You must remember that a Texas Commercial Real Estate Loans involves a lot of money, time and future planning on your part. Do you not want the absolute best as an advisor? It might cost a little more at the time, but excellent legal advice pays for itself many times over.

Failing to negotiate – This is key. It is never a good idea to take the first offer. Even if it is your only offer. Your lender will have no reason to lower the rate or fees if you do not try to negotiate. In fact, this becomes even more powerful if you are able to secure multiple offers, which you can then play off of each other. Lenders will not compete against themselves, so give them a reason to pursue your business by making them believe that you could walk at any time to go after something better. By doing this, you will gain the best terms possible.

Not having a firm grasp on your accounting – If this is not one of your strong suits, hire an excellent CPA. Again, while it might cost at the outset, the amount of money that you will save in the long run is going to be well worth the price. Business owners who stumble during the Texas Commercial Real Estate Loans process usually do so because they do not have a firm handle on their balance sheets and income statements. Not only do they not know how much their business is worth, but they also have no idea as to the month to month cash flow. This is a huge liability for a bank that is looking at a borrower. If a borrower does not have a grasp of their own financial well-being, how like is it that they will pay attention to the details of a loan?

Are there any other tips for a borrower who is pursuing a Texas Commercial Real Estate Loans?

Check with government agencies. Often times, they have resources, if not direct funding for those who are looking to build a revenue generating real estate business. Know that the application process might take more time, but you are likely to get a fair rate. If nothing else, they can point you in the right direction. When it comes to Texas Commercial Real Estate Loans, the more you know about potential options, the more educated you can be going into the process.


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

Disadvantages Of A Texas Commercial Mortgage: If This Is So Great, Why Doesn’t Everyone Do It?

fix flip hard money lender level 4 funding llcEven though Texas Commercial Mortgages are a great way to launch your real estate revenue stream, there are a number of drawbacks. None of these negatives are insurmountable, but it is better to know about them ahead of time.

In spite of all of the benefits of leveraging a loan to help you acquire commercial property that will generate revenue, there are some dangers to using a Texas Commercial Mortgage to begin building a real estate empire.

The first hurdle that you will discover upon making the decision to pursue a loan, is coming up with the down payment. While a typical loan covers the majority of the purchase of the property, lenders typically only cover roughly 80% of the total cost. This means that individuals or business owners must come up with the additional 20% as a down payment. Depending on your current revenue stream, this could be a difficult pill to swallow. If you are business owner, you must weigh the factors of whether or not this is a smart investment for a good deal of your cash flow. A borrower must also take into account the additional fees, assessments and charges that will come with securing a loan. These are also not covered by the bank and must be covered, out of pocket, by the borrower.

Another potential drawback to a Texas Commercial Mortgage is the interest rate. This is also an advantage, but it is important that a borrower understand what type of interest rate they are getting. With a fixed rate mortgage, the borrower is locked into a specific rate for the term of the loan, whether or not interest rates as a whole rise or fall. Paying attention to the market will help determine if it is a good time to lock in a rate. However, a variable rate mortgage can be very dangerous to a business owner. When a loan is as large as most are for commercial properties, a fluctuation of even one point could spell disaster. This is dangerous because the rates and market as a whole are completely outside of the control of a business owner.

The decline in property value is also another drawback that borrowers might face. Statistically, overall, the real estate market is on a steady increase. However, this is an average and does not necessarily apply to all properties. There is a chance that you could find yourself holding one of these properties that declines in value during your ownership. While this does have the possibility of affecting your future borrowing potential, it is nothing to panic over. There are a number of strategies to implement so that you do not lose your property by such a down turn.

What can I do to minimize the drawback of a Texas Commercial Mortgage?

The best way to minimize your risk as a borrower and maximize your potential is to stay informed, stay organized and stay focused. There are a number of factors in the success of your business that you can control, so do the best that you can to maximize those successes. If all is going well in the majority of your business, the ups and downs of the market will not have as great of an effect as you might fear. Texas Commercial Mortgages are not without risk, but if managed correctly, they can greatly enhance your revenue stream.

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
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

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
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 Type of Terms Can I Expect On My Texas Commercial Mortgage?

Time-for-a-New-Home-Loan-From-Setabay-Home-MortgageHandling the financial responsibility is as much rooted in educating yourself about your roll as it is about having the financial resources to pay back your loan. If you are considering a Texas Commercial Mortgage, it is important to know the terms under which you will enter repayment.

One of the distinct differences between a residential mortgage and a Texas Commercial Mortgage are the terms of repayment. While this is a good thing for many small business owners, it is important to understand these terms so that you do not inadvertently make a mistake or agree to a loan that is not beneficial to you.

The biggest factor of a Texas Commercial Mortgage to understand is the balloon payment. This consists of a large, principal payment at the end of the loan term. In this case, the loan is amortized out as if it were for a much longer term and the borrower makes regular interest / principal payments during the term. Then, after the shortened term is up, the borrower will be required to pay the remaining balance in one large payment. The idea behind this is that the small business owner will use this time to ramp up revenue so that by the time the term is up, they will have saved enough (and grown enough) to be able to handle the payment.

1. This is not always the case, however. If a small business owner is not able to increase their revenue stream in short a shortened time period, there are options available. One such option is to refinance the Texas Commercial Mortgage with the same lender. This is, often times, the best option, due to the fact that the business owner now has a rapport with the lender and might also be able to refinance at a lower interest rate (making payments on time for the length of the term is bound to have a positive impact on your credit as well).

Another option would be to seek out another lender for another loan for the express purpose of paying back the original. It might also be possible to increase the amount of the loan to include some funds for property improvements or expansion. Again, the would depend on the qualifications and assets of the borrower.

This is risky, however, as there is a possibility that that borrower might not qualify for another loan and the property would be at risk. This is a problem if the business has had cash flow problems or has had difficulty meeting other financial obligations, like failing to meet repayment terms.

Are there any terms on a Texas Commercial Mortgage that do not include balloon payments?

Yes. If you are looking for a Texas Commercial Mortgage that does not come with a balloon payment, there are options available. Non-traditional lenders often specialize in these types of loans and often have lower sets of requirements for borrowers to obtain them. However, the interest rates on these loans are often higher in order to make up for the greater risk that the lender is taking 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
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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 Worried About Qualifying For A Texas Commercial Real Estate Loans – What Do I Do?

warehouse_rackIt is no secret that the Texas Commercial Real Estate Loans landscape has changed a significant amount in the last few years. Lenders have not only gotten more conservative (even non-traditional lenders), but there are also numerous regulations now in place.

If you are pursuing a Texas Commercial Real Estate Loans, you are right to be cautious. It is, after, a lot of money and you are depending on your ability to increase your profits in such a way as to be able to pay it back quickly. This does not mean, however, that it is not something that is achievable.

Qualifying for a Texas Commercial Real Estate Loans is not an easy process, but if you are already worried about whether or not you will qualify, then you are on the right track. Not to worry further, but to pay enough attention to detail to ensure your success. You will also have to be honest with yourself to make sure that you are putting your efforts in the right direction

The first thing to do is to take a good look at your financial situation. The first thing that you are going to want to examine is your credit. Traditionally, lenders look for a credit score of the borrower to be at 680 or higher. If you qualify for this, then you are already off to a great start. This means that you have the option of choosing from traditional and non-traditional lenders. If your credit score falls below this, all is not lost, but you are going to need to make up for lost ground in other areas and you are very unlikely to obtain a loan from a traditional lender.

The next thing that you must examine is your ability to repay the loan. From the standpoint of a small business, this means taking a good look at your cash flow. The bank doesn’t necessarily care about your profit, or what you think your profit might be, they care about whether or not you have enough cash flow to have a capacity to pay them back over the course of the loan. For the most part, the net operating incoming must be at least 25% higher than the proposed payment. If you are not able to sustain this type of cash flow, then you may need to explore other options.

Finally, you will need to examine the type of collateral that you might be required to put up to secure your Texas Commercial Real Estate Loans. The role of collateral has also changed significantly in the past decade, but lenders have changed their strategies due to the fact that many of them were left having to sustain huge losses after the real estate market plummeted. To reassure lenders that they are making a solid investment, collateral is used as a way to secure the loan. So you will need to examine your assets in comparison to the amount you are looking to borrow. Do your assets only cover 5% of the expense? 25%? More? No matter what it is, there are still options available, but you need to be realistic with the financial situation so that you can identify the correct avenue.

I have good credit, excellent cash flow and sufficient collateral, so what do I do next in my pursuit of a Texas Commercial Real Estate Loans?

Keep all of your paperwork in order and start looking! Finding the right lender for your loan is going to take some work and it will definitely take time. You might even want to consider hiring a broker to help you find the most amicable repayment schedule and terms for you.

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