Setabay Private Hard Money Lender: texas commercial mortgage
Showing posts with label texas commercial mortgage. Show all posts
Showing posts with label texas commercial mortgage. Show all posts

Wednesday, September 13, 2017

A Closer Look At Commercial Mortgage-Backed Securities Heading Into 2018

Commercial mortgage-backed securities are still an important part of the real estate industry. Their role has evolved over the past decade, however.

Handsome young man looking confidentlyMortgage-backed securities got a bad rep following the market crash that occurred between 2008-2009. Despite this, commercial mortgage-backed securities (CMBS) have become one of the most important players in the modern commercial real estate industry. Even if you aren’t planning on doing business with a CMBS, it pays to be an informed investor. Understanding how CMBS are performing, as well as how their success or failure impacts the rest of the industry (and visa versa) is invaluable information regardless of what your company’s plans for real estate investment.

The following is a quick overview of how CMBS are currently performing and where we can expect them to be as we head into next year. Be sure to take this information into account as your company plans its real estate investment strategy for 2018. Poor planning can result in wasted capital and minimized return on your company’s investment.

● Experts No Longer Expect CMBS To Collapse - One major fear regarding CMBS over the past few years has revolved around as 10-year maturity dates, taken out in 2007 and set to be paid in 2017. An massive acceleration of declines was expected to send the market spiraling out of control. So far, this hasn’t happened yet.

Instead, the Mortgage Banker Association reported that defaults more or less leveled out across the first quarter of 2017, reports RE Journal. How did the industry avert disaster? It turned out that many of the properties headed for delinquency in 2017 were sold or foreclosed on years earlier. In essence, the market corrected for itself, spreading out the spike in delinquencies across half a decade rather than imploding dramatically this year. This is fantastic news for investors, as stability encourages the entire market to spend more aggressively.

● Issuances Of New Capital Are On The Decline - While it seems that CMBS have averted a long expected crisis, these financial institutions do face some major challenges. First and foremost, the rate of new commercial mortgage issuances continues to lag far behind the market’s performance in 2007. Compared to the approximately $229 billion in loans secured in 2007, just about $70 billion of issuances are expected to be written by the end of 2017, said the National Association of Realtors. Increased competition from new types of lender has made life difficult for CMBS. Thankfully, the market remains dynamic, providing opportunities for innovative CMBS to thrive.

Find Out More About The Latest Real Estate Industry Area Trends In Your Area Before Making A Move

Hopefully this overview of commercial mortgage-backed mortgages acts a reminder for real estate investors: You never know when you’ll need to change up your strategy to keep pace with the market.

Staying up to date with all the latest developments in the dynamic commercial real estate market can be tough without help.

Keep up to date with this blog, review other online resources or reach out to your local private commercial lending expert if you have more questions about CMBS or other aspects of commercial real estate.

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

What to Ask Yourself Before Applying for a Texas Commercial Loans

Before applying for a Texas Commercial Loans, there are some things you should keep in mind to make sure your business affairs are in order. This way, you can increase your chances of getting approved for the finances you need.

cropped-iStock_000000487050Small“What do I need a loan for?” Determining what you need the loan for and how you will use the funds will help you decide what type of loan you need. You should also do some research about the types of loans available to you and how each can best benefit your needs. Develop an outline of what you will use the money for and then match those needs with the loan options available to make sure you get the best one for your business.

“How much do I need to borrow?” It’s important to have a specific amount that you will need, without going to far over that number. Reviewing your current bills, statements, payroll, etc. or determining how much you need to purchase equipment, for example, can help you fine-tune the Commercial Loans amount.

“How much can I afford to borrow?” You will need to asses how much you can actually afford to borrow, and how your company will be able to comfortably pay back each month while still keeping up with payroll, vendor/supplier invoices and other financial commitments. Keep in mind that the more you borrow, the higher your monthly repayment increments will be. You will need to be able to manage those payments properly. You can often do a quick estimate with an online loan calculator to get a rough estimate of how much your monthly payments will be based on the amount borrowed.

In order to qualify for a Texas Commercial Loans, you also will be required to present certain documentation to the bank or lender during the application process.

When preparing your business to pre-qualify for a loan, you should have the proper paperwork in order and ready to present. Proof of specific documentation varies depending on the type of loan you are applying for but often include: a business license, past bank statements, recent tax returns both personal and business, recent balance sheets, a business plan, and a credit report.

Before you apply for a Texas Commercial Loans, you can do some research online to determine your needs and the type of loan that is best for you.

The more prepared you are prior to meeting with a bank or private lender regarding the loan, the smoother and easier. Having your business affairs and documentation in order can greatly increase your chances for loan approval. So before you dive into the application process, make sure you've asked yourself the right questions and put your paperwork in order to get the loan you want to help grow your business.

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

Choosing the Right Texas Commercial Mortgage Lender for Your Business

4page_img6-bigWhen shopping for a Texas Commercial Mortgage lender, there are multiple things to consider before making your choice. Read on for tips on how to choose the right lender to ensure a successful transaction and the right loan for your business.

Make sure the fees and interest rates are fair and within reason for what you can rationally pay back in the proposed repayment structure. While the loan will have an annual percentage rate, it’s not the only costs you’ll incur as part of the loan. You can ask about a detailed cost breakdown and also a “good faith estimate” that should include all the fees you will be expected to manage with your loan. It’s a good idea to also ask about any “hidden fees” or penalties that may not appear in the proposal.

Review your options when it comes to what types of loans are available, and which will best serve your business’s needs. Whether short term, long term, equipment financing, green building, SBA or other, there are many options and you should feel confident that your lender has or will present all of your choices and also offer their professional advice on which loan would be most beneficial for you and your company.

As with any business, customer service should be taken into consideration when selecting the right Texas Commercial Mortgage lender to do business with. Are they professional, friendly, helpful and willing to meet your requests with hesitation? Are you able to get in touch with them right away and directly or do you often get the “runaround?” In addition to being skilled in finding you the right loan, there should be a level of customer service that meets your expectations. Ask yourself these important questions prior to making your decision.

You’re not the only one who should undergo a background check — do your homework and research your lender’s background.

The importance of doing business with a reputable lender cannot be overstated. Make sure the lender you move ahead with has a good reputation. You can even ask for references or testimonials from the lenders you are essentially “interviewing” to take on the job of finding you the best Texas Commercial Mortgage loan.

As with many things, ultimately selecting who will serve as your Texas Commercial Mortgage lender all comes down to trust.

Do you have a good connection with this individual? Do you feel that he or she truly has your best interests at heart? Yes, the loan will benefit this person as well, but they should be putting your business needs as their top priority — not their bottom line. Make sure you feel comfortable with having your business finance needs in this person’s hands. If you have reservations, it may be time to keep shopping.

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 Benefits of Getting Texas Commercial Loans for Equipment

businessmanFor businesses that need a lot of expensive equipment to start or grow their businesses, Texas Commercial Loans can be the ideal avenue for cash advance. Equipment loans have their own unique set of specifications so here are some tips to help you understand the requirements, pros and cons of this type of loan.

An equipment loan is designed expressly for a bank or lending company to extend most of the financing typically 80 to 90 percent needed to purchase equipment for the business, with the business owner responsible for the other 20-10 percent as well as repaying the Texas Commercial Loans in monthly increments.

There are different types of equipment loans, and a variety of lending options from conventional banks to alternative lenders such as credit unions and online sources that are reputable. Even the United States Small Business Administration offers backing for equipment loans.

There are many upsides to obtaining an equipment loan. These include reasonable payment schedules, relatively low interest rates, and the ability to use the equipment to be purchased as collateral. Most importantly, this type of loan makes it possible for new and small businesses to purchase the expensive equipment they need to get their business off the ground or grow it.

As with any type of Commercial Loans, in addition to the benefits, there are also some downsides to consider with an equipment loan.

First of all, you must have good credit to qualify for this type of loan; and equipment financing also requires a down payment that may be too substantial for a small or new business to manage. Sometimes, the loan’s terms may outlive the lifespan of the equipment. However, even it that is the case, you will still be required to repay the full amount of the loan even if the equipment breaks or stops working all together.

For the most part, equipment Texas Commercial Loans can be a very helpful way for businesses to get started without having to front all the cash for the pricey machinery they need.

Seeking the counsel of a professional lender can help answer your questions about how to proceed with applying and getting approved for equipment financing. It’s important that a business have the proper equipment in place before opening its doors or in the case of expansion and the right lender can help you recognize your needs and get the equipment loan that is right for your business. Lenders can also help negotiate terms for you and help you sort out the exact documentation and paperwork you will need to apply for the loan. When it comes to equipment financing, do your research, weigh your options and talk to a professional before moving ahead.

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 Build or Repair Your Credit to Score Commercial Loans

credit score at level 4 funding hard money loanIt’s no secret that a clear credit history and a high credit score are important factors banks and lenders look at closely when reviewing a loan application. However, even businesses that have yet to establish a good credit history or a high credit scores can repair their credit to they can obtain commercials loans, with these tips.

First you need to take some time to review your credit history by obtaining your report from one of the three recognized credit bureaus. Really scrutinize your business habits that have led you to earn less than desirable credit. Seeing the report can also help you recognize how you can break these patterns so you can make progress towards improving your credit.

While accumulating some debt is okay, you don’t want to have too much. Paying down the amounts you owe can be very helpful in improving your credit score and getting approved for Texas Commercial Loans in the future. Look at your budget and try to tighten your expenditures so you can put a little more money towards paying down your debts each month. If you have several credit outlets to which you owe, you may also be able to roll them into one so that you can negotiate better interest rates and terms of repayment. Having just one payment can also help you stay organized, and make sure your payments are timely.

Be upfront with suppliers or vendors about your situation, and ask the ones you have good business relationships with to make a report on your behalf. It’s important that your payments to your suppliers and vendors are always made, and made on time. Being in good standing with vendors and suppliers can help give your credit score a much-needed boost.

Closing your unused accounts can also make an impact on your credit score and ultimately make your company more likely to be approved for Commercial Loans.

Take the time to review your accounts and make the request to close any that you are not actively using and that have been paid off. Be sure to request a letter from the creditor that proves the account has zero balance and has been closed.

You need to recognize that repairing bad credit isn’t always easy, but securing Texas Commercial Loans is a lot easier with a solid credit score and clean record.

You will need to make some significant changes to the way to handle your business finances and even day to day business activity. But it can be done, and it’s worth it — with good credit, you are able to earn better loan terms and rates and ultimately you will have better business opportunities for your company. So what are you waiting for? There’s no time like the present to start a good habit!

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 Manage Business Finances with the Help of Commercial Lending

One of the best ways to loosen a tight cash flow situation or get your small or growing business off the ground is through a short term loan. Once you’ve secured capital via a Commercial Lending Texas outlet, you need to manage those finances to ensure you can continue to build your company while also paying back the loan.

iStock_000002041548_Medium (1)Even when backed with the cushion of some commercial lending, as the owner of a new or expanding business, you have a lot of financial responsibility. It is important even as you are just getting off the ground, to keep your business and personal finances completed separate. You should have a separate bank account and credit card for your business, in your company’s name – not your own. This is essential in staying organized and also when it comes to establishing business credit and filing taxes as well. It is also helpful to begin establishing that credit in the event that you need a larger long term loan down the road.

Seek the help of professionals. You are the expert in your business, but that doesn’t mean you are in expert in every business. Finance in itself is a business that can make or break an up and coming company. Staying organized with business funds is extremely important and much of the basics can be done with the help of spreadsheets such as Excel or QuickBooks. However, finances and other areas of business often need the assistance of a professional in their chosen field. Enlisting an accountant, marketing professional, or social media manager, for example, to help you focus on other areas of the business as you focus on the core of the company can be essential to proper growth and development.

As your business grows, continue to fine tune the direction your business is going and put in place a set of “checks and balances” to ensure you are meeting your company’s goals and continuing to build new goals as you grow. Organizing your monthly “to-dos” such as invoicing, payroll, inventory, etc. is a good way to set a habit of doing these things in an orderly and timely manner. Consistency is a huge part of a successful business.

If you think your business could use a Commercial Lending Texas outlet, do your research first.

Getting a loan for your small business can help you stay on target with paying bills, handling payroll or purchasing much-need inventory or equipment. Starting with a simple online search, you can find out a lot about the type of loan you might need and the right lender to help you get it.

Commercial Lending Texas professionals can help get you the loan you need to take your business to the next level.

A short term or working capital loan is sometimes all a new business needs to start establishing the business credit and credit history and required for eligibility for a long term loan further into the development of the company. Find the lending professional who will work with you to negotiate terms of the loan that will work for you and then tightly manage your loan capital.

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 Apply for Short Term Commercial Loans

4page_img3-bigApplying for short term Texas Commercial Loans is a much different process than applying for a long-term loan. There are many options and ways to increase your chances of eligibility for the loan your business needs.

Before applying, doing some background research online can help you determine the type of lender you want to go through for your loan. You can go through a traditional bank or alternative lender options. There are a number of professional lending organizations that can streamline the loan process online. By checking online, you can do a little comparison pricing to find a lender who can work with your needs.

There are also simple loan calculators online that can help you determine the repayment structure based on the loan amount you are requesting. Doing this can help you figure out if and how you will actually be able to manage the repayment terms within short term commercial loans schedule.

You can event apply online. All you need to provide is some standard information about your business. However, as the application process moves forward and depending on the lending company, you will also likely have to provide further documentation such as your credit report, proof of assets, your most current tax returns, balance sheets, and proof of ownership. After those are approved, the lender will present you with a loan agreement proposal — which may or may not be negotiable. Once you agree upon the proposal, additional paperwork will need to be signed to finalize the loan, Typically, after that, funds are available in about a week. This is one of the best benefits of this loan – the quick turnaround for cash in hand.

If you are not satisfied with the terms of the proposal, don’t be afraid to shop around for the right short term Commercial Loans for your business.

Just because one lender’s terms are such, doesn’t mean another’s will be the same. Negotiate or continue the search to find the lender who will agree upon a loan that works for your business’s needs and your ability to pay back the loan. You will need to make sure you are comfortable with the terms and payment schedule.

Short term Texas Commercial Loans can be an important asset to the growth and development of any small and growing business.

However, it takes the right lender to get the right loan. Take the time to research multiple lending options and companies before making a decision. When all is said and done, taking advantage of this type of loan can make all the difference in the successful outcome of your business.

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 ABCs of Working Capital Commercial Loans

94912095Working capital Texas Commercial Loans can benefit a business that is short on cash flow or experiencing a slow period. Learn about how working capital Texas Commercial Loans work, and the pros and cons of these types of business loans.

Working capital refers to the cash money a business has to cover standard business operation needs such as employee payroll, rent, and monthly utilities. When a company runs short of cash to fund these expenses, a working capital loan can come in handy to keep the business going through a period where the business owner is short on cash and cannot liquefy any other assets to ensure operational overhead is covered.

There are several benefits to a working capital loan. They typically have a very quick approval time – a business owner can often receive needed funds within a week assuming the loan application time and approval. Also, there is no limit or requirement to how the company plans to use the funds, which is sometimes the case in a conventional loan via a traditional lender such as a bank. The application process is not as rigid, so companies that have a less than desirable credit score or a ding on their credit history still have a chance to get approved for a working capital commercial loans.

However, the downside is that there are a few downsides to this type of loan as well. Because of the leniency in areas such as credit and application approval, a working capital lender may need the borrower to put up collateral to secure the loan. Working capital Texas Commercial Loans also have shorter terms and higher interest rates than traditional loans with long term repayment structures.

Working capital Texas Commercial Loans can be beneficial for businesses that don’t fall into the “typical” cash loan category.

Since lenders don’t require the funding to be used in a specific purpose, this type of loan can help small businesses or new businesses with a bit of a “cash cushion” as they navigate the needs of their business without being too strapped for cash. This is particularly helpful for companies that don’t need new equipment such as machinery or computer systems, but rather a more specific or unique product to meet their business needs.

These loans serve an immediate need, and there are many lenders who specialize in this type of lending.

Determine your businesses specific needs, and then seek a professional that can help you get the working capital that you need. Having additional cash as your business is growing or getting off the ground can help take it to that next level.

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

Benefits of Short Term Commercial Loans

Short term Texas Commercial Loans can help a business grow to the next level or get through some cash-tight times. Find out how to evaluate your business’s needs and learn about the expectations you’ll be required to meet before the loan application is approved.

Mandy Newall Arizona Home Loan SpecalistsWhen a company is in need of cash fast, a short term Commercial Loans may be the way to go. In contrast to a conventional five- or ten-year term bank loan, short terms are typically offered with a repayment structure of between three to thirty six months. Usually these loans have higher approval rates than long term loans, and can be paid in smaller daily or weekly payments versus a monthly lump sum. Ensure you can manage the daily or weekly payments prior to agreeing on the terms of this loan.

Short term Texas Commercial Loans can benefit businesses by getting cash in their hands quickly. For new businesses, getting approved for this type of loan can prove helpful down the line when the company may need to expand to applying for a more traditional and larger loan with longer terms. Showing a bank that you were able to pay off a short term shows good faith.

For new businesses or ones that need to establish business credit, short terms also are easier to get approved for and once the business credit history is well established, that is another indicator that traditional banks look for when reviewing a long-term loan application. Typically, short term lenders do not require a credit score minimum, as traditional banks would for a conventional long term loan.

Short term loans can get approved quickly, so you can get your cash quickly.

Once the application process has been completed and approved, businesses can receive their cash advance in as little as 24 hours. This is one of the best benefits of these loans — cash fast.

Yes, short terms have many benefits but they do have some disadvantages, too.

Short term Texas Commercial Loans are very beneficial in many ways, however, it’s important to understand the disadvantages, too. Typically the annual percentage rate of these loans is much higher than the APR of a conventional long term loan because the amount of time the borrower has to pay back the loan amount is much shorter. The estimated APR can be factored by taking the finance charge plus the interest rate and converting it into the APR. Lender fees associated with short terms are also something to take into consideration. The shorter the term, the higher the APR — so it’s a good idea to try to negotiate a longer term of three years versus a shorter three- or six-month repayment schedule.

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

When it comes to your business, you need to find an experienced Texas Commercial Mortgage professional that can help guide you through the lending process based on their expertise. Find the right lender by ensuring they meet these three simple criteria.

2page_img1They have experience in your niche — It’s important to work with a trusted lender that you can confide in about your business needs and someone who is equipped with the skills to help you meet your company’s short- and long-term goals. First, it’s critical to find a professional who has specific experience with your type of business or project. Based on their past experiences with your niche, they can offer insight specific to your needs.

They have a solid portfolio — A solid portfolio is another indicator of the Texas Commercial Mortgage professional’s past experience and their past successes especially if they have testimonials or references you can contact to speak on their behalf. Typically a professional’s website should have their portfolio updated with recently financed projects. This can also help you determine if the lender has experience in your specific project niche.

Terms that work for your needs — Unlike traditional banks that have typically rigid lending terms, non-conventional or alternative Texas Commercial Mortgage lenders often have the flexibility to offer terms that will fit your specific project needs. While terms vary vastly from banks to private lenders, you should make sure the professional you work with does his or her best to meet the flexibility of terms that work for you.

Where do I find a Texas Commercial Mortgage lender with the qualifications I’m looking for?

Doing some quick research online is a good first step to finding out a little bit about the lenders in your area that can help you get the loan you need. If you find a professional online, it's a good idea to have a consultation to ensure that his or her qualifications truly meet the needs of your business and the loan you are looking to obtain.

Trust your instincts when it comes to selecting the right lending professional to help you get a loan.

You intuition can take you a long way when it comes to who you are going to entrust to help you get the best loan and terms to grow and expand your business. Aside from doing your due diligence prior to selecting a lending professional to help you get a loan for you your business, always trust your gut — it’s usually right.

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

Tuesday, September 12, 2017

Types of Alternative Commercial Loans

fast money hard money at level 4 fundingThere are many choices when it comes to ways to get a loan for your growing business. If you’ve been rejected by a traditional bank loan or would rather seek a non-conventional option, one of these alternative Texas Commercial Loans might be right for you.

A merchant cash advance is an alternative lending program that is not paid back in monthly installments. Rather, companies that receive MCA loans pay it via a percentage of their credit card sales. This type of loan is good for companies that accept credit card businesses. The rate of how quickly the MCA can be paid off is directly related to the volume of sales — the higher the volume, the quicker the loan can be repaid in this instance.

Asset-based lines of credit are another form of non-traditional Commercial Loans. In this case, a lender can offer a line of credit based on the value or equipment or hard assets the company owns. This is ideal for companies that utilize equipment such as restaurants, beauty salons, and companies that manufacture goods. Much like the MCA loan, the amount of the asset-based line of credit and access to working capital is higher based on the value of the equipment.

A third alternative option is an unsecured line of credit. In the case of a new business or one that doesn’t have any equipment or a brick-and-mortar to use as collateral, an unsecured line of credit may be a good option. This gives businesses working capital; however, because the lender assumes this high-risk investment, often this comes at the expense of a much higher interest rate and payment terms.

Why would a company benefit from seeking alternative Commercial Loans?

Non-traditional loans like this can benefit a company that is looking to get a loan fast. Oftentimes, these loans can be approved quickly and don’t have to go through all the red tape of the traditional bank loan applications.

Alternative Texas Commercial Loans aren’t for every business, but they are designed to serve specific needs.

New businesses that haven’t established a line or credit or a strong credit history, businesses that don’t have much to offer in terms of collateral or who have a specific niche business that traditional banks won’t take the risk on could all benefit from seeking this type of loan program. Do you research online and seek the counsel of a lending professional who can walk you through the benefits — and the risks — of these non-conventional lending options.

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