Category Archives: loan servicing Arizona

Tips for a Faster Closing on Commercial Loans


Time can be a critical factor in some commercial property purchases. But even when time is not a factor the purchase, your time is valuable and you want to close on commercial loans as quickly as you can.

Commercial loans require a great deal of time and information. Lenders need to verify the borrower’s ability to afford the loan and the payments before they are willing to assume the risk of funding the loan. And the only way for all of this investigation and discovery is to provide detailed documentation to the lender. If you are completing the application process for the first time or it is your first application to a new lender, then you should ask for a very detailed list of documents that the lender will require. This not only shows the lender that you are consciences but also that you are eager and willing to invest the time needed to get them their requested documents. Your lender is likely to work at the same speed at which you do when they make a request from you. Work quickly to set the bar high and have your loan completed in the shortest amount of time possible.

Most lenders have a complete list of the documents that they need to evaluate applications for commercial loans. Requesting that list early will allow you to invest the time necessary to assemble a complete and thorough loan application. Consider this document to be your official introduction to a new business partner. Be certain that it is complete, professional and free of errors. This is your one chance to make a good first impression and demonstrate your overall professionalism.

When submitting documents, be sure that your profit and loss sheets are well labeled and easily understood. Call out any one time expenses clearly so that there is no question of missing information. Included full copies of the past two years of tax returns for the business and for any owners. If anyone has filed for an extension, include a signed copy of that document as well. Also, be sure that any bank statements which have been requested are included in full. Do not omit blank pages.

About the Property

Including photos of the interior and exterior of the building can be very helpful, especially if the lender is not local. But even if you are using a local lender, the pictures are helpful and can offer a more complete view of the property. Also be sure that any health or safety issues are remedied prior to the lenders inspection. Most lenders want these particular issues repaired before the closing. Finally, if the property has current tenants, be sure to include valid copies of each lease in your documentation.

Do It Right the First Time

Lenders only make money when they are fulfilling commercial loans and earning interest. They are as eager to complete the application process as you are. Investing the time to present a complete and accurate set of documents along with your loan application is certain to make the approval process more rapid. In addition, it is the best way to create a strong first impression and foundation upon which to build a long term business relationship with your lender.

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

Understanding Commercial Loans and Where to Obtain One


There are several different types of commercial loans available to borrowers. Selecting the best loan to meet your needs and the best lender is very important for the success of your business.

There are several different types of commercial loans available and each one is best suited for different needs. Understanding how these loans differ can help you to make a wise selection about which loan will best meet your current and long term needs. When you are evaluating commercial loans, think of your lender as a service provider and evaluate the product or loan just as you would any other service or product that you would be purchasing. Investing some time to learn about each loan can help to ensure your future success in the business world.

A bridge loan is a short term loan for around a year. This can be used for cash flow, to construct a building before refinancing or even to make a commercial real estate purchase quickly. These loans require very good credit and are normally provided by private lenders. Because the lender is a private entity, there are fewer rules regarding the terms and the processing and fulfillment times are substantially faster than conventional lenders.

Real estate purchase loans are much like fixed rate and adjustable rate loans and are typically only offered to borrowers with exceptional credit of 700 or more. The commercial property must be used as the collateral on the loan and the rate is determined by the loan to value ratio. Hard money loans are a form of loan which comes from a private lender and often has a very fast turnaround time but comes with a high interest rate. The property is also the collateral for these commercial loans. Often times a hard money loan is used as a last resort to try to save a property from foreclosure. Due to the high risk involved, the lenders can justify the very high interest rates and the borrowers are willing to pay them in an effort to save their property from foreclosure.

Determine Your Needs

Before you set out to get a commercial loan, you need to have a well-defined purpose for the funds as well as a financial plan to repay the loan. Having that information will help you to determine which type of loan will best suit your needs at the present and in the future. This information along with your credit history will also help you determine who will be your best candidates for lenders. Conventional lenders such as banks and mortgage companies are the option which would normally be the most cost effective if you have the necessary level of credit rating. If creditworthiness or length of credit history is an issue then a private lender might be your only option. If that is the cast, you should expect a higher than average interest rate. This is the price that you must incur to get a lender to take a greater risk on you as a borrower.

Invest Time First, Then Money

When you are preparing to make an important financial decision such as getting a commercial loan, it is critical to invest your time in research long before you invest your money in loan application fees and appraisals. Take the time to learn about all of your options and then shop for a lender who offers you the best rate and terms to meet your needs.

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 Ensure Eligibility for Commercial Loans

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

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

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

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

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

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

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

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

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008
About the Author:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Why a Loan Service Center?

By the use of our loan services center, we would aid you to deal with your loan. We start by making it easier than ever to deal with your loans on account of we provide mounted real-time particulars and data for you and your merchants. That’s a discount in your end. Each little factor is in a single place. Our loan suppliers help every purchaser keep observe of their loans with further decisions that allow consumers to make financial decisions based mostly totally on what we’re in a position to inform them when it points primarily probably the most.
loan servicing coronary heart typically is a pleasant help. We have to see you do properly and have a healthful relationship collectively along with your loans. That’s why, if our consumers want, we will definitely help with the preliminary planning phases and the closing actions of the commercial property loans.
Everyone knows along with you do that you just actually need all of the issues to be correct. Together with what was talked about above, a loan service coronary heart may even keep a think about justifying contractual budgets, design, and scheduling risks along with experience throughout the administration, resolution and disposition of defaulted improvement loans.
Our superior loan service coronary heart helps to ship good suppliers to the commercial precise property finance commerce. At most situations, these are industries which may be seen as difficult and daunting, nevertheless it doesn’t ought to be on account of a loan service center can truly help keep your entire funds in check by offering you with month-to-month reminders about funds and steadiness.
Our loan services center makes caring on your loan easier than it has ever been as a result of mounted ever-updating particulars and data that you just and your merchants need. Our loan suppliers help every purchaser keep observe of their loans with further decisions that allow consumers to make financial speedy decisions based mostly totally on what we’re in a position to inform them when it points primarily probably the most.
Mortgage Servicing Arizona

Understanding Loan Service Centers

Funds will likely be sophisticated and troubling, nonetheless loan service services will assist. A loan service center is an efficient solution to begin a healthful relationship in relation to borrowing money.

However it helps in the event you occur to understand what a loan service center does. A loan service center is a third-party loan servicer that does happen to provide a full scope of commercial loan servicing dealing with commercial loan servicing.
loan service center may sound scary nonetheless the loan service is de facto proper right here to help ship the nice firms you want and should weave your method through the commercial precise property finance enterprise. Funds, nonetheless notably loans, can usually situations be extraordinarily sophisticated and overwhelming, this can be most true to someone new to the native climate of this enterprise.
Our loan service center acts as your companion to data and allow you through it. We provide the whole thing you need with a function to understand your loan and collateral information from merchants in a method that is easy to be able to decipher.
Moreover, the loan service center will allow you to’re taking the big steps with out it being so scary for you. We actually can provide our purchasers the only and proper strategies to measure and deal with loans and hazard. This can be each problem by problem or singled out. We’re capable of moreover allow you to perceive about billing, taxes, curiosity and a myriad of various topics that have to do alongside together with your loan.
In case you’re nervous about your commercial loan, we will likely be there for the preliminary planning conferences sooner than your problem begins along with participate in any closing actions with our shopper. In actuality, our post-closing firms has us monitoring worth vary, constructing, title administration and reporting in your loan so that you simply on a regular basis know exactly what is going on on. We care about our shopper and we want to stay away from defaulted loans.
Mortgage Servicing Arizona
Loan Service Center
Setabay
(877) 582-2151

What Do You Know About Loan Service Centers?

Most people don’t know that quite a bit about loan service amenities on account of they don’t like to talk about funds, notably within the case of borrowing money. It doesn’t must be like that.

Mortgage service amenities don’t must be a daunting matter. Truly, loan services are literally there to help a person carry on observe of their financial situation by sending month-to-month value statements and gathering month-to-month funds, sustaining data of funds and balances, gathering and paying taxes. It’s merely that simple. No video video games. No hidden scare-tactics.
Mortgage service amenities moreover will assist in the case of the preliminary planning lessons of a commercial loan and the closing actions. A loan service center will assist with loads of fully completely different commercial loan circumstances along with out-of-the-ground office, retail, hospitality, residential and multifamily housing constructing; condominium conversions; essential mall rehabilitations; phased expansions and out-parcel developments, substantial renovations; and pure disaster loss administration. Our buyers embody essential funding banking companies, insurance coverage protection companies, specialty finance companies and precise property funding trusts.
Our loan services center makes caring to your loan less complicated than ever. How? Easy; by providing fastened real-time particulars and information that is useful to consumers. Truly, our loan suppliers help every purchaser keep observe of their loans in an environment friendly and proper method.
Furthermore, as a loan service center, everyone knows that having a loan is a giant accountability that could be very tough and sophisticated. That’s really why having a loan service center is so very important.
Funds are not at all a easy matter, nevertheless our superior loan service center will make it only a bit less complicated by not overwhelming our buyers with data that isn’t useful to them. We’ll present you how you can all by way of all of the course of; we wouldn’t help you down. From start to finish, our loan service center is ready to providing all you need to understand your loan. And, we’re going to do it in a way that is easy so that you could understand.
Mortgage Servicing Arizona
Loan Service Center
Setabay
(877) 582-2151

Your Loan Service Center

loan service center offers you further decisions that may allow purchasers to make their financial decisions based on what our loan corporations center can inform them.

Nevertheless you  is also questioning what a loan service center is. Permit us to indicate you tips on how to out; loan servicing is a third-party servicer that gives a wide range of commercial loan corporations for purchasers similar to defending monitor of funds and financial data that might presumably be useful to them.
Our superior loan service center helps to ship the businesses that the commercial precise property finance commerce needs primarily essentially the most. The loan service center acts as your affiliate, providing all it is important to understand your loan and collateral data from patrons.
Our loan services center is making caring to your loan less complicated than ever by providing fastened real-time particulars and information that is useful to patrons. Our loan corporations help every purchaser protect monitor of their loans in an environment friendly and proper strategy.
As a loan service center, we could also be with you ever step of the best way through which so that you just under no circumstances want to essentially really feel misplaced in a sea of enterprise decisions. Our loan service center could also be there for the preliminary planning conferences sooner than any mission begins along with participate in closing actions if our shopper so wants.
Our post-closing has us monitoring funds, constructing, title administration and reporting along with your loan. We care about our shopper and we have to avoid defaulted loans.
We understand that dealing with a loan could also be subtle. That is the rationale having a loan services center in your side makes points somewhat quite a bit less complicated. We’re capable of do what have to be carried out in your finance info and do it successfully by providing as a lot because the minute real-time particulars and information that may protect your funds the place they need to be so that you just under no circumstances have to stress.
Mortgage Servicing Arizona
Loan Service Center
Setabay
(877) 582-2151

What Do You Know About Loan Services?

Funds could also be really difficult. It doesn’t ought to be, however. Our superior loan service coronary heart takes what’s difficult and sometimes events overwhelming and makes it less complicated for purchasers. Our loan corporations coronary heart acts as your affiliate all through the whole loan course of from start to finish. Our loan service center is ready to providing all it’s advisable to understand your loan. And, we’re going to do it in a way that is easy so as to understand.

Nonetheless, when broken down, loan servicing is unquestionably pretty straightforward to understand. Mortgage servicing is a service that helps protect the charge of a loan on time from the second it begins until the second it is paid off. A loan service coronary heart would possibly embody sending widespread month-to-month statements, accumulating the month-to-month funds, sustaining the loan data, and preserving monitor of balances, taxes, and insurance coverage protection and in precise property even managing escrow and, sadly, sustaining with delinquencies.
loan servicing coronary heart might be a pleasant affiliate throughout the financial world on account of it permits for the breakup of a loan and the properly timed repayments with out feeling similar to the loan is swallowing you total.
Mortgage service services might also let you alongside together with your preliminary talks and, furthermore, your closing actions, so all of the items will on a regular basis be achieved correct. Moreover, a loan service coronary heart might also protect a take care of justifying your contractual budgets, design, and scheduling risks along with experience throughout the administration, resolution and disposition of defaulted constructing loans.
Nobody likes dealing with a loan, that’s for optimistic. That’s why having a loan services center in your aspect makes points fairly a bit less complicated for you by providing as a lot because the minute real-time particulars and information that may protect your funds the place they need to be so that you simply on no account have to stress.
Mortgage Servicing Arizona

What is Loan Servicing?

Financial circumstances could also be sophisticated and understand your loan suppliers is not any utterly completely different.

Nonetheless, when broken down, the definition of loan servicing is simple to know. Mortgage servicing is a service that helps keep the price of a loan on time from the second it begins until the second it is paid off. A loan service center would possibly embody sending frequent month-to-month statements, amassing the month-to-month funds, sustaining the loan knowledge, and holding monitor of balances, taxes, and insurance coverage protection and in precise property even managing escrow and, sadly, sustaining with delinquencies.
You can shock how a loan servicing center makes money. It is easy really, by merely retaining a comparatively small proportion of each periodic loan value commonly known as the servicing cost or servicing strip.
loan servicing center usually is a pleasant help to those buyers who use it. That may be very true because of loan service services may even allow you to with preliminary planning phases of the commercial property loan if you need, nonetheless the loan service center could even allow you to collectively along with your closing actions so each factor will be wonderful and likewise you don’t have to worry; we’re going to do the hard half for you. Moreover, a loan service center could even keep a think about justifying contractual budgets, design, and scheduling risks along with experience throughout the administration, choice and disposition of defaulted constructing loans.
No individual likes dealing with a loan, that’s for sure. That’s why having a loan services center in your side makes points fairly a bit easier for you. Our loan suppliers center offers as a lot because the minute real-time particulars and knowledge that may keep your funds the place they need to be so that you simply on no account have to worry.
Furthermore, our loan service center offers you additional selections that can provide the help wished to allow buyers to make their financial selections primarily based totally on what our loan suppliers center can inform them.

Taking Care of Your Loan with a Loan Services Center

loan services center will assist you to care on your loan by making it less complicated than ever. We provide all the paperwork you need so that you simply not at all should marvel what have to be carried out. Furthermore, our loan firms center provides mounted real-time particulars and knowledge that you simply simply might wish to your merchants. You presumably can relax a bit, each half we do is to take care of you not off course so you’ll have tons of decisions that may help you to make the best financial decisions.

Don’t have a panic assault; in case you occur to actually really feel prefer it’s important to take some principal steps in your small enterprise, our loan service center may enable you to every step of one of the best ways. We offer our buyers a extremely precise approach to measure and deal with all of their loans and hazard, even when it’s merely enterprise based totally. Furthermore, if needed, our loan service center is likely to be there every step of one of the best ways from the preliminary planning conferences sooner than your enterprise begins along with participate in any closing actions with our shopper.
Put merely, a loan services center makes caring on your loan less complicated since you might be scheduled and reminded, nonetheless not hassled. Our loan firms center could even current as a lot because the minute particulars in precise time along with all the info you need that may keep your funds exactly the place they need to be.
Furthermore, our loan service center gives additional options- and all people loves decisions. Our loan service center gives buyers the prospect to make their financial decisions based totally on what our loan firms center can inform them about their funds.
Be mindful, a Loan service center is in your aspect. The loan service is a third-party servicer that offers people who take out a loan a full differ of loan servicing. This loan service center permits for larger care of the loanees loans and funds and manages to take care of each half in perspective.