Category Archives: Mortgage servicing Arizona

How to Develop an Exit Strategy When Obtaining a Hard Money Loan

An exit strategy is, in essence, your plan for paying off your hard money loan. It is a plan that you will want to develop before you sit down with a lender.

Exit strategies are crucial for obtaining a hard money loan. Many of these lenders offer interest-only payments as you develop or renovate your project. They obtain the big payoff upon completion when you have succeeded in your “exit strategy” and can repay them in full. For those of you in the fix & flip model, your exit strategy is fairly easy to define. You rehab and then sell the property.

Selling the property, then, is your exit strategy. Because timelines can change in the world of construction and rehab as well as finding qualified buyers, it will be important that you look for a hard money lender that does not charge a prepayment penalty. You’ll also want to come to the table with improvement plans that include costs and potential market value as well as comps and average time on the market.

If your real estate segment falls into the buy-and-hold model, selling will, obviously, not be an appropriate exit strategy. A strategy that does work is refinancing. Many traditional lenders that offer lower interest rates with longer terms will not loan on properties in poor conditions. Once you have the property renovated and a suitable tenant, your chances of obtaining a traditional loan are greatly elevated. It could be that you needed a loan quickly to jump on a property that just hit the market. Many investors obtain funding from their hard money lender in order to accomplish a quick buy and then refinance at a later date.

The Sale of Assets

The sale of other assets such as real estate or accessing additional funds such as money from IRAs, the stock market, or business interests is another exit strategy. You may wonder why, in this case, the borrower wouldn’t just dip into their additional assets and bypass the loan process all together. For many investors, time is a crucial component in their investment strategies and waiting while other assets sell may cause them to miss a prime property or opportunity. In essence, you are obtaining a bridge hard money loan. These types of short-term loans simply “buy some time” and act as a “bridge” from either one loan to the next or one property to the next.

Don’t feel like you have to stick with one exit strategy. Blended strategies can often be the best solution depending on the situation.

And just what is a blended strategy? This type of exit strategy utilizes a combination of all of the above to create a strategy that works the best for your particular situation. For instance, if you cannot obtain the full loan amount upon completion of the project, you can sell an asset and reduce the LTV so that a traditional lender will consider financing. Whatever your exit strategy, be sure to check with Level 4 Funding before obtaining your hard money loan. We have years of experience and can help you develop an exit strategy that works well for your project.

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

Tips for Selecting Commercial Lenders

Selecting commercial lenders to work with is a critical step a successful real estate transaction. Thinking of potential lenders as business partners or service providers is the first step in a successful selection.

In many instances, borrowers tend to look at commercial lenders as a higher power who controls their destiny when they are seeking a loan. And though the lenders is a critical factor, they should never be viewed as anything but a business partner, ally or service provider. They have a product which you want and need, money, but it is just that, a product. And as with any business partner or supplier, you will want to do your research and find the best solution to fit your needs. In this case service, the ability to cultivate a long term relationship and financial details of the loan will all have an impact on your selection.

The money is the key to this relationship, so your first questions for a lender need to be regarding the terms which they offer. Loan to value (LTV) is the ratio used to compare the amount of the mortgage to the market price of the property. Lenders who offer a highest LTV should be favored over other lenders. The high LTV provides you with greater purchasing power and more options for your purchase. Interest rates are another key term to consider. This is basically how much commercial lenders want to make for the service which they are providing to you. The interest payments can be the majority of the monthly payment which can have a huge impact on your monthly cash flow. Be certain to find a good balance of loan to value and interest to meet both your need for buying power and monthly cash flow. The final fee to factor in is points that you will pay as a lump sum or throughout the loan.

Having a good working relationship with your lender is also crucial. You need to be able to speak openly and ask any questions that you might have. One important question to ask is about any additional fees. Some lenders will add fees such as documentation fees, legal fees or administrative fees. Be certain that you plainly ask about any “additional” fees and factor them into the total cost of the loan.

Time is Money

Timing can be everything when purchasing commercial property. Asking a lender to provide you with realistic timelines for funding will dictate how quickly you can complete any purchase. As a work around, you might want to see if the lenders offer pre-approval. If there is no option for pre-approval then having an accurate time frame for processing documentation and a guaranteed access to funding date is important. Better rates but a slow timeline can kill a great deal.

Look For a Long Term Finance Partner

Selecting the best commercial lenders to work with can be a process which requires a good deal of time and effort. But the work that you invest in creating a strong and lasting relationship will pay off each time you complete another loan with your lending partner. That long term relationship will provide you with a great long term return on your investment.

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 Mortgage Service Center?

Through our Mortgage services center, we are going to enable you to to care on your Mortgage. We start by making it less complicated than ever to care on your Mortgages on account of we provide fastened real-time particulars and information for you and your consumers. That’s a discount in your end. Each little factor is in a single place. Our Mortgage suppliers help every purchaser protect observe of their Mortgages with additional selections that allow buyers to make financial selections based mostly totally on what we’re capable of inform them when it points primarily essentially the most.
Mortgage servicing center is normally a pleasant help. We have to see you do correctly and have a healthful relationship alongside together with your Mortgages. That’s why, if our buyers want, we will definitely help with the preliminary planning ranges and the closing actions of the commercial property Mortgages.
Everyone knows along with you do that you simply really need each factor to be correct. Together with what was talked about above, a Mortgage service center might also protect a consider justifying contractual budgets, design, and scheduling risks along with experience throughout the administration, choice and disposition of defaulted improvement Mortgages.
Our superior Mortgage service center helps to ship good suppliers to the commercial precise property finance commerce. At most cases, these are industries which may be seen as difficult and daunting, nevertheless it doesn’t have to be on account of a Mortgage service center can truly help protect your whole funds in take a look at by supplying you with month-to-month reminders about funds and stability.
Our Mortgage services center makes caring on your Mortgage less complicated than it has ever been because of the fastened ever-updating particulars and information that you just and your consumers need. Our Mortgage suppliers help every purchaser protect observe of their Mortgages with additional selections that allow buyers to make financial quick selections based mostly totally on what we’re capable of inform them when it points primarily essentially the most.
Mortgage Servicing Arizona
Mortgage Service Center
Setabay
(877) 582-2151

Understanding Mortgage Service Centers

Funds is perhaps difficult and troubling, nevertheless Mortgage service amenities can help. A Mortgage service coronary heart is an efficient option to begin a healthful relationship in relation to borrowing money.
However it helps once you understand what a Mortgage service coronary heart does. A Mortgage service coronary heart is a third-party Mortgage servicer that does happen to produce a full scope of commercial Mortgage servicing dealing with commercial Mortgage servicing.
Mortgage service center might sound scary nevertheless the Mortgage service is completely proper right here to help ship the good suppliers you want and should weave your means by the commercial precise property finance commerce. Funds, nevertheless notably Mortgages, can normally cases be extraordinarily difficult and overwhelming, this can be most true to someone new to the native climate of this enterprise.
Our Mortgage service coronary heart acts as your companion to info and help you by it. We provide all of the belongings you need with a objective to understand your Mortgage and collateral data from merchants in a implies that’s easy with the intention to decipher.
Moreover, the Mortgage service coronary heart can help you are taking the huge 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 Mortgages and risk. This can be each enterprise by enterprise or singled out. We’re capable of moreover allow you to notice about billing, taxes, curiosity and a myriad of various issues that ought to do alongside together with your Mortgage.
Whenever you’re fearful about your commercial Mortgage, we is perhaps there for the preliminary planning conferences sooner than your enterprise begins along with participate in any closing actions with our client. The reality is, our post-closing suppliers has us monitoring value vary, constructing, title administration and reporting in your Mortgage so that you just on a regular basis know exactly what is going on on. We care about our client and we have to stay away from defaulted Mortgages.
Mortgage Servicing Arizona
Mortgage Service Center
Setabay
(877) 582-2151

What Do You Know About Mortgage Service Centers?

Most people don’t know that loads about Mortgage service services because of they don’t like to talk about funds, significantly in relation to borrowing money. It doesn’t should be like that.
Mortgage service services don’t should be a daunting topic. Really, Mortgage services are literally there to help a person carry on observe of their financial state of affairs by sending month-to-month price statements and gathering month-to-month funds, sustaining knowledge of funds and balances, gathering and paying taxes. It’s merely that easy. No video video games. No hidden scare-tactics.
Mortgage service services moreover may additionally assist in relation to the preliminary planning durations of a commercial Mortgage and the closing actions. A Mortgage service coronary heart may additionally assist with various completely totally different commercial Mortgage circumstances along with out-of-the-ground office, retail, hospitality, residential and multifamily housing growth; condominium conversions; predominant mall rehabilitations; phased expansions and out-parcel developments, substantial renovations; and pure disaster loss administration. Our customers embody predominant funding banking firms, insurance coverage protection corporations, specialty finance corporations and precise property funding trusts.
Our Mortgage services center makes caring to your Mortgage easier than ever. How? Easy; by providing mounted real-time particulars and data that is useful to merchants. Really, our Mortgage firms help every purchaser protect observe of their Mortgages in an environment friendly and proper method.
Furthermore, as a Mortgage service coronary heart, everyone knows that having a Mortgage is a giant accountability that could be very troublesome and sophisticated. That’s really why having a Mortgage service center is so important.
Funds are certainly not a easy topic, nevertheless our superior Mortgage service coronary heart will make it only a bit easier by not overwhelming our customers with information that isn’t useful to them. We’ll present assist to all via the entire course of; we wouldn’t will let you down. From start to finish, our Mortgage service center is ready to providing all it is important understand your Mortgage. And, we’re going to do it in a way that is easy so as to understand.
Mortgage Servicing Arizona
Mortgage Service Center
Setabay
(877) 582-2151

Your Mortgage Service Center

Mortgage service coronary heart gives you further selections that may allow purchasers to make their financial selections based totally on what our Mortgage suppliers coronary heart can inform them.
Nonetheless you  is also questioning what a Mortgage service coronary heart is. Enable us to help you out; Mortgage servicing is a third-party servicer that gives quite a lot of commercial Mortgage suppliers for purchasers similar to sustaining monitor of funds and financial knowledge that will very properly be useful to them.
Our superior Mortgage service coronary heart helps to ship the suppliers that the commercial precise property finance commerce needs basically essentially the most. The Mortgage service coronary heart acts as your companion, providing all that you could understand your Mortgage and collateral knowledge from patrons.
Our Mortgage services center is making taking excellent care of your Mortgage less complicated than ever by providing mounted real-time particulars and knowledge that is useful to patrons. Our Mortgage suppliers help every purchaser protect monitor of their Mortgages in an environment friendly and proper method.
As a Mortgage service coronary heart, we might be with you ever step of the way in which during which so that you just on no account should actually really feel misplaced in a sea of enterprise selections. Our Mortgage service coronary heart might be there for the preliminary planning conferences sooner than any enterprise begins along with participate in closing actions if our shopper so needs.
Our post-closing has us monitoring funds, improvement, title administration and reporting along with your Mortgage. We care about our shopper and we have to stay away from defaulted Mortgages.
We understand that dealing with a Mortgage might be troublesome. That is the rationale having a Mortgage services center in your facet makes points a lot less complicated. We are going to do what should be accomplished to your finance knowledge and do it correctly by providing as a lot because the minute real-time particulars and knowledge that may protect your funds the place they need to be so that you just on no account have to worry.
Mortgage Servicing Arizona
Mortgage Service Center
Setabay
(877) 582-2151

What Do You Know About Mortgage Services?

Funds is perhaps really sophisticated. It doesn’t must be, nonetheless. Our superior Mortgage service coronary heart takes what’s sophisticated and sometimes events overwhelming and makes it less complicated for purchasers. Our Mortgage firms coronary heart acts as your companion all through the entire Mortgage course of from start to finish. Our Mortgage service center is ready to providing all you should understand your Mortgage. And, we’re going to do it in a fashion that is easy as a way to understand.
However, when broken down, Mortgage servicing is certainly pretty straightforward to know. Mortgage servicing is a service that helps keep the price of a Mortgage on time from the second it begins until the second it is paid off. A Mortgage service coronary heart could embody sending widespread month-to-month statements, accumulating the month-to-month funds, sustaining the Mortgage data, and preserving monitor of balances, taxes, and insurance coverage protection and in precise property even managing escrow and, sadly, sustaining with delinquencies.
Mortgage servicing coronary heart usually is a pleasant companion throughout the financial world on account of it permits for the breakup of a Mortgage and the nicely timed repayments with out feeling similar to the Mortgage is swallowing you full.
Mortgage service services may additionally present assist to collectively together with your preliminary talks and, furthermore, your closing actions, so each little factor will on a regular basis be executed correct. Moreover, a Mortgage service coronary heart may additionally keep a give consideration to justifying your contractual budgets, design, and scheduling risks along with experience throughout the administration, resolution and disposition of defaulted constructing Mortgages.
Nobody likes dealing with a Mortgage, that’s for constructive. That’s why having a Mortgage services center in your facet makes points heaps less complicated for you by providing as a lot because the minute real-time particulars and data that will keep your funds the place they must be so that you just on no account have to stress.
Mortgage Servicing Arizona
Mortgage Service Center
Setabay
(877) 582-2151

What is Mortgage Servicing?

Mortgage Service Center
Mortgage Service Center
Financial situations may be sophisticated and understand your Mortgage corporations isn’t any completely totally different.
However, when broken down, the definition of Mortgage servicing is simple to know. Mortgage servicing is a service that helps preserve the charge of a Mortgage on time from the second it begins until the second it is paid off. A Mortgage service coronary heart could embody sending frequent month-to-month statements, amassing the month-to-month funds, sustaining the Mortgage data, and sustaining monitor of balances, taxes, and insurance coverage protection and in precise property even managing escrow and, sadly, sustaining with delinquencies.
You may marvel how a Mortgage servicing center makes money. It is easy really, by merely retaining a comparatively small share of each periodic Mortgage charge usually known as the servicing fee or servicing strip.
Mortgage servicing coronary heart might be a pleasant help to those purchasers who use it. That may be very true on account of Mortgage service amenities may even help you with preliminary planning phases of the commercial property Mortgage when you want, nevertheless the Mortgage service coronary heart may even help you collectively together with your closing actions so each factor may be good and in addition you don’t have to stress; we’re going to do the hard half for you. Moreover, a Mortgage service coronary heart may even preserve a take care of justifying contractual budgets, design, and scheduling risks along with experience throughout the administration, determination and disposition of defaulted constructing Mortgages.
Nobody likes dealing with a Mortgage, that’s for sure. That’s why having a Mortgage services center in your facet makes points fairly a bit easier for you. Our Mortgage corporations coronary heart presents as a lot because the minute real-time particulars and knowledge that may preserve your funds the place they need to be so that you just on no account have to stress.
Furthermore, our Mortgage service coronary heart offers you additional selections that may give the help needed to allow purchasers to make their financial selections based totally on what our Mortgage corporations coronary heart can inform them.

Taking Care of Your Mortgage with a Mortgage Services Center

Mortgage Service Center
Mortgage Service Center
Mortgage services center will allow you to to keep up your Mortgage by making it easier than ever. We provide the entire paperwork you need so that you simply not at all must marvel what have to be completed. Furthermore, our Mortgage firms coronary heart provides fastened real-time particulars and data that you simply simply might want in your merchants. You’ll settle down barely, each little factor we do is to keep up you on course so you have tons of decisions that may help you to make the simplest financial picks.
Don’t have a panic assault; if you actually really feel like you need to take some most important steps in your company, our Mortgage service coronary heart can help you every step of the best way through which. We offer our purchasers a extremely actual technique to measure and deal with all of their Mortgages and menace, even when it’s merely enterprise primarily based. Furthermore, if needed, our Mortgage service coronary heart might be there every step of the best way through which from the preliminary planning conferences sooner than your enterprise begins along with participate in any closing actions with our shopper.
Put merely, a Mortgage services center makes taking excellent care of your Mortgage easier since you’re scheduled and reminded, nevertheless not hassled. Our Mortgage firms coronary heart could even current as a lot because the minute particulars in precise time along with all the information you need that may preserve your funds exactly the place they need to be.
Furthermore, our Mortgage service coronary heart presents additional options- and all people loves decisions. Our Mortgage service coronary heart presents purchasers the possibility to make their financial picks based mostly totally on what our Mortgage firms coronary heart can inform them about their funds.
Take into accout, a Mortgage service center is in your side. The Mortgage service is a third-party servicer that gives people who take out a Mortgage a full differ of Mortgage servicing. This Mortgage service coronary heart permits for larger care of the Mortgageees Mortgages and funds and manages to keep up each little factor in perspective.

What’s Important About My Mortgage Service Center?

Mortgage Service Center
Mortgage Service Coronary heart
Mortgage service center may sound scary, however it certainly doesn’t have to be!
Since nobody truly needs to talk about Mortgages or their financial state of affairs, a Mortgage service center could also be terribly helpful, as this third get collectively Mortgage servicer will allow you the freedom to not have to think about your Mortgage, nonetheless instead, merely merely adjust to their instructions so that you could be be in your answer to a healthful relationship with borrowing money.
Mortgage service center affords a full scope of commercial Mortgage servicing. Really, the ultimate time you heard a number of Mortgage service would possibly want been after getting been merely out of college and purchased notifications each month about when your faculty Mortgages are due. That’s associated. A Mortgage service center will nonetheless allow you to already know while you’ll be billed and when your funds are late (in the event that they’re) nonetheless, now we actually have a portfolio filled with all varieties of lenders, insurance coverage protection corporations, and banks.
Our superior Mortgage service center is correct right here to help ship the great corporations you want and need with the intention to effectively steer through the commercial precise property finance enterprise. This enterprise can often cases be extraordinarily disturbing to any person new to the enterprise. Our Mortgage service center acts as your affiliate to data and help you through it. We provide the whole thing you need with the intention to understand your Mortgage and collateral knowledge from merchants in a signifies that’s easy for you.
Whether it is advisable take some essential steps in your enterprise, our Mortgage service center would possibly allow you to. We offer our purchasers an environment friendly and proper answer to measure and deal with their Mortgages and risk, even when it’s merely enterprise based totally. Furthermore, if needed, we could also be there every step of the way in which wherein from the preliminary planning conferences sooner than your enterprise begins along with participate in any closing actions with our shopper.