Tag Archives: texas commercial mortgage

Obtain your Texas Commercial Mortgage and be prepared for Amazon’s Newest Headquarters

images (4)ffghjSeveral cities are vying for the right to be known as home to Amazon’s second and newest headquarters. Be prepared and look into a Texas commercial mortgage in order to jump on the bandwagon and take advantage of the 50,000 employees expected to emerge upon this fortunate town.

Did we say Texas? That may be a little premature, though there are several cities from the Lone Star State jockeying in place in hopes to be the new home for Amazon’s second headquarters. This massive mammoth known as Amazon requires space—some 8 million square feet of it—and employees—some 50,000. That’s a lot of people and a lot of land and, though many cities look to the revenue and job growth Amazon would provide, not all can compete with the type of space they require or that type of labor force—one that often requires a highly technical education. The other element a city must provide is tax incentives, a reasonable cost of living, and easy access to an international airport. According to Amazon’s press release, they are looking for metro areas with at least one million people and ones that think big and creatively in regards to real estate options and also offer a high quality of life. So, just where might this mega-company be headed?

Texas is known as the state where everything is bigger, so Amazon would certainly fit in with this type of culture. Many with their crystal balls in place see Austin as a strong contender. After all, Amazon just bought Whole Foods which is based out of Austin and it definitely has a growing economy and tech-oriented labor pool. Just as important, it has no income tax. Texas commercial mortgages and funding for these types of projects are just another day in the land of Legacy West Developments—the $3 billion development that could rival any western town.

Stepping out of Texas, Denver made the list due to its high quality of life that offers plenty of outdoor recreation along with a strong and growing high-tech workforce. Google and Twitter both have offices in the mile-high city. It’s also still affordable compared with other cities of similar size. And then, of course, there’s Chicago where a developer has already found a site for Amazon—a former steel plant. The developer is Sterling Bay and the plant is a former A. Finkl & Sons. This mixed-use development could take a decade to develop and cost in upwards of $10 billion. Will Amazon consider a city, however, where the taxes are some of the highest in the nation? The 100-plus acres will, if Amazon buys in, be home to a new train station, office and residential towers, restaurants, a brewery and a water taxi stop. With enough tax incentives and hand shaking, Chicago just might be in the running.

Developers are Strategizing

Walk into a boardroom filled with developers and investors and you’ll find their interactive whiteboard filled with arrows pointing to the “wants” of Amazon and the cities that offer these solutions. No, they may not be the developer that transforms 8-million-plus square feet into Amazon City. They do, however, want to be positioned to take advantage of the burgeoning population and high-paid employees by offering apartment units or entertainment venues in the surrounding area.

Once you’ve determined your next market for development, consider a private hard money lender for your Texas commercial mortgage.

At Level 4 Funding we offer nationwide and Texas commercial mortgages from private hard money lenders. These loans are quick to fund and are available up to $50,000,000 with terms that range from 3 to 60 months. Call us for a no-obligation quote.

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

Reason to Get a Hard Money Commercial Mortgage Texas

cid_87129CA4-8997-4497-93EA-0E8446CC772AYou might be ready to give up on purchasing a commercial property if you have been turned down for a conventional loan. But the solution for many issues can be a hard money commercial mortgage Texas.

You could be feeling that you have no options left if you have been rejected for a conventional commercial mortgage Texas. But the truth is that there are a lot of good reason to look into a commercial hard money loan. It is true that you will be paying a higher interest rate than you would on a traditional commercial mortgage Texas, but it could be well worth it to solve a problem or avoid one altogether.

The most common reason that borrowers seek a hard money commercial mortgage Texas is because they have financial issues that won’t allow them to qualify for a traditional mortgage. You might not have enough income or assets to prove to a bank or lender that you will be able to make the payments. Or your business might be too new and not have a long enough credit history to qualify for a loan. If you already have commercial mortgages that are outstanding, then you could also be considered a high risk and a conventional lender will not offer a loan.

Or the property itself could be the issue. In the case of a more unique property it could be very hard to secure a loan which uses that property as collateral. The property could meet all of your needs but still might not convince a lender that it is a good risk as collateral. Another issue regarding the property could be that it has outstanding liens, judgements or other unpaid bills. If this is the case then most lenders are not going to want to carry that increased risk. If you are not able to pay the debt in cash then you will most likely not get a conventional mortgage for the property.

Avoiding a Huge Issue

If you already have a conventional commercial mortgage but are behind on the payments, then a hard money mortgage could be your only hope of avoiding foreclosure. If this is the case then paying a higher interest rate for the hard money loan to pay off the conventional loan is very wise. Not only will it help you to avoid losing the property but it will also help you to avoid ruining your credit. And even if the hard money loan is a short time frame, it allows you time to regroup and try to find a long term solution.

Know What You Are Getting Into

Not every problem has an easy solution. Paying a higher interest rate is never your first choice but it can be a way to avoid further issues and even the loss of your property and credit. Understanding the terms of a hard money loan and being willing to accept them can be a good idea. Just be sure that you have evaluated all of your options and that the hard money loan is the best short and long term solution that you have at your disposal.

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 You Need to Know About Commercial Loans Texas

credit score at level 4 arizona hard money lenderIf you are not familiar with commercial loans Texas then you might believe that they are similar to any personal loan that you applied for. But the short answer is that they are not.

The first and largest difference between commercial loans Texas and a residential mortgage loan is that it is not backed by a guarantor such as Fannie Mae. This means that commercial loans Texas represent a much greater risk for the lender. For that reason, commercial lenders are much more selective about who they are willing to lend money to. Interest rates are higher and down payments are also much larger and that is just the beginning of the differences.

Balloon payments used to be common in residential mortgages but they are not any more. However, they are quite common in commercial loans Texas. So you will make payments that would pay off a loan in 30 years but the term of the loan will only be 3, 5 or 10 years. The result is a large balloon payment that is due at the end of the term. Most businesses are not in a position to pay the balloon payment and must refinance the final amount and keep paying on the property. Another option is to select a higher interest rate in return for a longer payment term.

Down payments are also quite different in the commercial property world. Unlike the 10% required to secure a home loan, commercial mortgages often require 25% or more down. A big reason for the larger down payment is the greater risk involved in a commercial property loan. Values on commercial property tend to fluctuate more frequently than residential values. For that reason the lender want to be certain that there is instant equity in the commercial property which is the collateral for the loan.

Understand the Cost of Borrowing

Commercial lenders are in business to make money and they do that in many creative ways. You know that you will be paying interest on the loan amount but that is not all you will be paying. Some lenders will charge points to cover their administrative costs while others will break the fees down and charge you per line item. Some fees can include an application, fee which is normally nonrefundable even if you are not approved for the loan, a loan processing fee, appraisal fees and survey fees.

There can also be Penalties

As a borrower, we are trained to think in terms of saving money. This means that paying off a loan early is always a good thing. It is a way to save on the interest or finance costs of a loan. But commercial lenders are counting on a specific amount of interest, or earnings, from your loan. And they are not willing to let you avoid any of those costs. Many lenders will include a prepayment penalty in the terms of your loan. This can mean that you will pay a flat fee for the right to pay off the loan early or it could be a percentage of the interest that you avoided paying. In some cases the savings on the interest is greater than the fees but in other cases the fees will cost you more than the continued interest. Be sure that you understand all of the terms of any loan before you sign or you will be forced to adhere to them.

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 Are Your Options When Seeking Commercial Mortgage in Texas

1page_img3-bigCommercial mortgage Texas brokers can help you discover what options are available to your business when trying to find the right loan. Even if you have less than perfect credit or are just starting to establish credit, a broker can help you navigate the unchartered waters of getting a loan.

There are always unforeseen situations in business that may leave you in need of hard cash – and fast. That’s where a loan comes in handy. However, trying to get one on your own, as a new business owner, can sometimes prove difficult. Working with a trusted broker for your commercial mortgage Texas is a great way to go, because they can help guide you through the process and make sure you have what you need to be eligible for a loan.

You have several options when it comes to getting a loan – and it all depends on your needs. You can seek an equipment loan, specific to the purchase of large machinery or equipment needed to start or expand your business, property loan, short and long term loans. There are even loans specific to green building. Do some research to find out what type of loan you need before meeting with a broker or a lender.

You can also do some research as to the commercial mortgage Texas loan amount you might need or be eligible, then find out what your approximate monthly repayment amount might look like. There are variables that may affect this such as fees, interest rates, and down payment amount that you are able to initially invest.

A hard money commercial mortgage Texas might be the way to go if you have less than desirable credit or are just starting out in business and traditional banks don’t want to take the “risk” of approving your loan.

A broker can advise you on a hard money lender that can get your loan approved without all the bureaucracy that conventional lenders and banks have to go through. As long as you can prove that you can pay your loan back, and on time, that is all that a hard money lender really cares about.

Take some time to research what this type of loan can do for you and your business. Whether you need some cash fast to get up to speed on what you owe vendors, getting your payroll going smoothly, or purchasing new equipment to better your business services for your customers, getting a hard money loan can catapult your business to a whole new level. Talking to a broker, getting advice on the type of loan that is best for your needs and getting all your documentation in order prior to the loan approval will increase your chances for eligibility. So what are you waiting for? Talk to a broker, you won’t be sorry!

Dennis-Dahlberg-Mortgage-Broker-1_th

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

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

Technorati Tags: commercial loans,commercial lending,commercial mortgage

How to Plan For an Easy Commercial Mortgage Texas Loan Process

iStock_000003029734_MediumFollowing these “ABC’s of commercial mortgage Texas loan application, you can make sure you are eligible for the best loan for your company’s needs and get it in a timely manner.

Before you get too far into the process on your own, finding the right lender for you and your business needs is “step number one.” Meet with several banks and lenders, considering it an “interview” for who you want to have your loan go through. You should have good communication with the lender you choose and feel that they are the best person to get you the right commercial mortgage Texas for your business.

Take some time to research lending institutions online and collect all the information you need to make an education decision. Look at which lenders provide the loans you are looking for, and in a price range that is similar to the loan amount you need and budget you are working within. A lender that has experience with your type of business is another thing to look for. You can even talk to a broker to see if they have a recommendation on the right lender for you.

When you have chosen a lender, it’s time to start the application process for your commercial mortgage Texas loan! This can be an exciting but sometimes frustrating part of the process. You may have to pay an application fee, and that often depends on which lender you have chosen to work with. Most require that you submit proper financial statements to help with the loan application including business and personal records, business operating statements, tax returns, bank statements and more. Your lender can supply you with a complete list of documentation you will be required to produce.

When you submit your documentation, the evaluation begins.

The lender will evaluate your financial information, and calculate your ability to repay the commercial mortgage Texas loan you are applying for. You will also undergo a background check and credit report check at this time. Finally, the lender will arrange a property evaluation or appraisal for the property you are looking to obtain the loan for. This includes determining the condition of the property (even down to an environmental inspection to ensure the soil is not contaminated and there is no health risk or danger associated with the property). When all the required inspections have been completed and approved, further evaluation will take place to determine loan approval.

You’ve been approved for the loan! Congratulations… but there’s more.

After your loan approval, you will need to complete more paperwork, and now is the time to consult a lawyer who specializes in loon documentation to ensure all the documentation is fair and legal. They can help ensure you understand all the terms, and they can request any changes be made prior to your final signature. Once terms have been finalized and agreed upon, signing the contacts at the closing and making the down payment will complete the process, upon which funding is typically available within a few days.

Dennis-Dahlberg-Mortgage-Broker-1_th

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

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

Technorati Tags: commercial loans,commercial lending,commercial mortgage

The Ins and Outs of Getting a Commercial Mortgage Texas

Arizona-Home-Loan-Mortgage-Broker-150x150Figuring out the process for obtaining a commercial mortgage Texas is not as difficult as it sounds. With a few tips and some research along the way, you can be successful in getting the loan you need for your business.

A commercial mortgage Texas can be sought be businesses for many reasons and purposes. Thought these types of loans are the most complex, so proper research and due diligence will take to you a long way to ensure you understand what you need to do to be successful in obtaining the loan. There are also some things you can avoid doing so you don’t fall into the pitfall of getting your loan application rejected.

First, it’s important to find the right lender to work with. Look for one with professional experience with the loan you are looking to obtain and the type of business you conduct It’s also important to find a lender who will offer terms that work with your specific budget. Being familiar with the terms of the loan and with commercial mortgage Texas in general, with help you as you seek the right lender. Even if you have worked with a bank or lender in the past, make sure that entity or individual is rightly suited for this specific situation.

It’s also important once you’ve chosen a lender to seek the counsel of a lawyer to review documents before you sign anything. If you work with a lawyer that has experience in commercial mortgage Texas, all the better. They can make sure the paperwork is in order, that you are getting what you are under the impression you are getting, and that all the terms are legal — and reasonable.

Making sure you can afford the terms of commercial mortgage Texas loan is very important.

It’s important to understand that you will be responsible for a monthly (or otherwise agreed upon) repayment schedule with you obtain a commercial mortgage Texas, so you need to make sure you have the ability to repay under the terms. Prior to making any agreements, review your business plan and your budget to ensure the terms of the loan won’t put your finances in a crunch. You may benefit for reducing some of your costs in other areas, increasing your product line or offering services in a new, bigger market to regain more capital.

As with anything in business, it’s important to be as prepared as possible.

While you can’t predict the future, as a business owner, it’s important to make sure you are financially prepared to handle the “unexpected” pitfalls that are certain to happen in business along the way. Having cash via loan can sometimes make the difference in being able to handle these pitfalls with ease or having an unexpected bump in the road put your business in a bind. Responsible planning is a good for any business, and having your financial documentation in order can help ensure you continue to be successful in business.

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

Texas Commercial Lending: Report sheds light on how local banks may respond to Hurricane Harvey.

3page_img3-bigHow will Texas commercial lenders re-tool their lending efforts in the after math of Hurricane Harvey? A report by the Cleveland Federal Reserve may shed light.

The study demonstrates that the need for financing by disaster victims won’t be immediate. Lending activity subsides in the after math of major disasters. But within a six month period, as impacted economies recover, lending activity picks up considerably. The study indicates that small local banks increase lending by 25 percent in the year following a major disaster. How do these small banks manage to lend more money, when no doubt such disasters result in immediate loses?

The report outlines three specific strategies Texas commercial lenders may implement to raise capital and meet the increased demand for loans.

New loans will increase in areas of Texas directly impacted by Harvey and lending will decline in areas that saw little to no impact from the storm. The report claims banks shift their activity in order to meet the increased demand for new loans in impacted areas. This shift is demonstrated in Home Mortgage Disclosure Act (HDMA) data citied in the report. Every dollar lent in a disaster area is a 42-50 cent decrease in lending in areas that remain unaffected. While banks concentrate on impacted areas, capital becomes harder to access in other markets. This spreads the economic influence of major disasters throughout the economy.

New mortgages will be securitized and sold off at a higher rate. Selling new mortgages onto secondary markets helps local banks meet increased demand for loans in disaster areas. The new mortgages will be for smaller amounts, under the conforming loan limit in order to qualify for government backing. The government guarantee helps prop up lending activity in disaster areas. HDMA data in the report confirms this trend. Banks avoid the risk of doling out long term loans on the basis of short-term deposits. Local banks can therefore replenish capital each time they issue a new loan by securitizing and selling off new loans. Having this money on hand helps banks meet increased demand for loans in impacted areas. However the conforming loan limit may impact the size of mortgages issued by local banks in the long run. Local banks are therefore less likely to issue large mortgages in the immediate future.

Banks will increase interest rates on deposits in the short term, in order to attract additional capital. Local banks will compete with one another in order to secure new deposits and meet the demand for new loans. This competition requires banks to raise interest rates paid on savings accounts. Such competition is likely to occur in markets connected, but otherwise not impacted by Hurricane Harvey. Ratewatch data cited in the report finds local banks increase the interest paid on short term CD’s by 20 percent when compared to average rates.

Texas commercial lenders may or may not implement the strategies outlined above to meet the increased demand for loans.

The study indicates that lending will increase in areas that felt the brunt of Harvey’s impact, that new mortgages will be for smaller amounts and savings accounts will pay out higher interest rates. Whether this will hold true in the case of Hurricane Harvey remains to be seen.

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

Commercial Real Estate Loans in Texas Expected to Rise Due to Hurricane Harvey

2page_img4Many across the Lone Star State are looking for a helping hand, especially with commercial real estate Loans in Texas, after Hurricane Harvey hit. The hurricane brought record-breaking rain and floods causing 18 counties in the state to be declared disaster areas.

Relief efforts are already underway to rebuild southeastern Texas back up. Many have been impacted ranging from families to businesses to residential areas to commercial areas. A large number of people and businesses are in need of commercial real estate loans in Texas to get back on track after Hurricane Harvey ripped through their area causing not just property damage, but income loss due to being closed during the storm and during the recovery efforts.

Since so many are in need of commercial real estate loans in Texas to be able to start cleaning up the damage that Hurricane Harvey left behind, F.N.B Corporation announced last week that they donated more than $100,000 to relief efforts by the American Red Cross for those not just in Texas, but also those impacted in Florida by Hurricane Irma.

F.N.B. Corporation help not only fundraisers, but also earned donations from a combination of donations from employees and those from the actual corporation. The company went above and beyond to raise funds to help those impacted by recent hurricanes by matching $3 dollars for every dollar raised by their employees.

The need of commercial real estate loans in Texas to get back on feet may grow even more

It is still unclear just how much damage Hurricane Harvey caused, but as Business Insider reported, those at F.N.B Corporation has heard first hand from local banks and lenders just how devastating the damage is. It is going to take more time to fully understand how much damage was brought on by the category 4 storm. Because of this, F.N.B. Corporation’s president and chief executive officer, Vincent J. Delie Jr., is hoping that his company’s generous donation will inspire other to show their kindness and willingness to help those who have been impacted.

F.N.B Corporation doesn’t even offer commercial real estate loans in Texas, but want to help the area in any way that they can.

Even though F.N.B. Corporation doesn’t do commercial real estate loans in Texas, they do offer a full range of commercial banking to the eastern part of the country. They have 400 banking offices across the eastern part of the United States with assets totally $31billion dollars.

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

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