Tag Archives: commercial hard money loans

The Difference between Bank Commercial Loans and Private Hard Money Lenders

3page_img1Hurricane Harvey is gearing up to be the second most costliest natural catastrophe to hit the United States. Investors and developers are already reaching out to commercial lending institutions in search of funding.

In addition to the immense devastation and human tragedy caused by Hurricane Harvey, its economic impact is expected to rank as the second most expensive natural disaster to occur in America. According to an article in the New York Times, Moody’s Analytics have estimated the damage to be in the $40 to $50 million ballpark. This is second only to Hurricane Katrina which killed almost 2,000 people and caused $130 billion in damage. Note: A recent article in USA Today raised the estimated cost of Hurricane Harvey to $190 billion. Commercial properties that have been flooded are estimated to cover approximately 455,000 square feet. Just as in 2005, rebuilding will accelerate once insurance checks are cut and federal aid is disbursed. And investors are already lining up to raise funds from commercial lending institutions for distressed properties.

Before Harvey hit, the building and construction segments were, as in other parts of Texas, booming in Houston. According to an article in Dallas News, “At midyear, more than 27,000 single-family homes were being built in the Houston area. And more than 23,000 apartments were under construction and scheduled to open this year.” Due to the increase in demand, construction firms and those they employed were already maxed out when Harvey hit. Now, in the wake of the devastation, other investors and contractors will be arriving to fill in the gaps. Just a few of the investment companies looking for commercial lending include Delshah Capital, Madison Realty Capital and Steven Witkoff, a New York developer.

The San Diego Union reported that more than 3,000 national and state guard troops were being deployed to assist with relief and recovery efforts. Water, food and shelter are the top priorities at this time. As the waters recede, there will undoubtedly be an influx of contractors, insurance adjusters and FEMA employees. Currently, there are more than 200 shelters housing more than 32,000 people who have been displaced due to the catastrophic nature of Harvey. Because of these two factors, multifamily units are expected to be in high demand.

Timing

At Level 4 Funding, our hearts and prayers go out to those affected by this national disaster. With an office in Dallas and clients in Houston, we are very close to those affected. We hope that investors and developers will show good taste and wait for the waters to recede and displaced residents to find housing before making their move. At the right time, these individuals and businesses will be a great asset to the recovery of this place in America that has shown its true colors of faith, humanity and neighbor helping neighbor in the midst of incredible challenges.

“Bad things do happen in the world, like war, natural disasters, disease. But out of those situations always arise stories of ordinary people doing extraordinary things.”—Daryn Kagan.

When the time is right, we are here to help those looking for immediate funds and commercial lending with which to rebuild this incredible area of our country.

mark-gowlovech-150x150Dennis 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

Dennis Dahlberg Broker/RI/CEO

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.

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Commercial Real Estate: What You NEED To Know BEFORE You Invest

Sooner than you ink your first commercial real estate deal there some points that it’s essential to do
prior. Many precise property learners normally do not the take day journey to get
each little factor in place in regard to the deal they’re attempting to make. This textual content
will give the transient rundown of what it’s best to you be doing sooner than your first
buy.
 
Evaluation is a big part of the commercial real estate enterprise.
As an investor, it’s important to be always researching new ideas and
solutions that completely different professionals have. That you must be researching the market you
have to spend money on just about every day. The market is consistently altering, and
it is advisable to simply make certain you might be always ahead of the curve.
 
Chilly calling, making an attempt up new properties on the net and
sieving through public knowledge are good strategies to begin out your evaluation. Phrase of
mouth is one the perfect strategies to begin your evaluation sooner than you purchase a model new
property. Most of the time having any person that is residing throughout the neighborhood
that you simply really need most likely spend money on will give you an in.
 
In flip, this allows you to get in out there available on the market on the
flooring diploma. You now have a great deal of selections in the long run. You now have
any person which is able to know any person who’s attempting to advertise their residence. This would possibly
most likely put you concerned with any person throughout the neighborhood that may very well be a
contractor, and so forth. 
Moreover in regard to researching the property that you simply simply have to
buy, you moreover want to only make certain you confirm the insurance coverage protection historic previous of the
residence. One thing it’s possible you’ll dig up is sweet. Earlier householders and most important repairs are
typically on the excessive of the document of stuff you want to check out.
 

Your private knowledge are moreover one factor it’s advisable to check out
when throughout the commercial precise property
enterprise

 
In the event you want to get into the commercial real estate enterprise one issue that you simply simply have to make
sure that you simply simply get in order is your credit score rating score. Having a low credit score rating scot or a
credit score rating report with pink flags may very well be devastating if you find yourself attempting to buy a
new property. In case your credit score rating is a little bit of shaky there are some lenders that are
eager that can assist you counting on the character of your funding. On the alternative
hand, you’d try going to a hard money lender in case you desire a quick loan. Most
of the time hard money lenders don’t be concerned in regards to the sort of credit score rating you should have as
prolonged as you should have passable collateral.
 

Industrial precise property
is a recreation of preparation

 
Planning your flip or your sale completely is significant throughout the commercial real estate enterprise. As quickly as
you establish what kind of property it is advisable to promote; you then have to make
sure the neighborhood or heavy guests house is appropriate for the scope of the
enterprise. Comb through completely completely different neighborhood weblog to search out out about what people want
and need throughout the house. Guarantee you have got a backup plan to your backup plan.
Having an out when a deal goes south is paramount. After your whole planning you
must have the flexibility to determine to your funding wholeheartedly.

 

Dennis Dahlberg Vendor/RI/CEO/MLO

Stage 4 Funding LLC
Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177
Dennis@level4funding.com
www.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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Face Book Active Rain

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In regards to the author: Dennis has been working within the precise property enterprise in some functionality for the ultimate 40 years. He purchased his first property when he was merely 18 years earlier. He quickly found regarding the fantastic funding alternate options supplied by trust deed investing and hard money loans. His want to help others make money in precise property investing led him to concentrate on numerous funding for precise property merchants who may need trouble getting a normal monetary establishment loan. Dennis is obsessive about numerous funding sources and sharing his knowledge with others to help make their wishes come true.
Dennis has been married to his nice partner for 42 years. They’ve 2 beautiful daughters 5 fantastic grandchildren. Dennis has been an Arizona resident for the earlier 40 years.

How To Use Collateral When Applying For A Commercial Real Estate Loan

When shopping for a model new property in your enterprise you nearly actually ought to take out a commercial real estate loan. This article is going to current you methods collateral works and what it is best to use as collateral in your property.
 
There are a variety of points enterprise householders should take into account when making use of for commercial real estate loan.  One most important topic some small enterprise householders would possibly run into simply is not having the belongings to cowl the costs of the loan itself. That’s the place collateral comes into the picture. Collateral is printed as an asset or belongings that are pledged to a lender inside the event that you just cannot pay your loan once more. This is usually a good issue on account of it forces you to loan in opposition to your belongings. The amount of money you acquire is calculated on a loan to price formulation. The higher the price of your belongings to additional you can presumably most likely be loaned.



This, nonetheless, would not suggest it is best to use merely one thing in your commercial precise property loan

 
There are a whole lot of completely completely different belongings that you already have at your disposal that you can be not even know you have gotten. Collateral is broken up into two completely completely different courses, precise and paper. Precise belongings it is best to use in your commercial real estate loan embrace automobiles, watercraft and homes. Most banks, nonetheless, do not usually accept vacant plots of land as a kind of collateral.
 

Many big companies will sometimes use completely different properties to finance the collateral when making use of for a commercial real estate loan. It is also attainable to make use of the instruments that your enterprise has, as successfully. As an example, if in case you’ve a logging agency and in addition you want to take out a loan for an office to run your operation out of it is best to use your vans as collateral. You do should be certain that the instruments that you’ll use as collateral has a model new or prolonged working life.

 

 
What else can I exploit for collateral with for my commercial real estate loan?



For enterprise householders that would not have or do not actually really feel comfortable using their precise property, you’ll use paper belongings. These belongings are points that are intangible. Points that fall into this class embrace shares, chattel paper, funding funding and price rights. In relation to using your group’s shares it’s essential to be careful of the market. Say your group hits a few roadblocks and your stock drops. The lender could most likely go head and unload the belongings you have gotten pledged.
You are even prepared you to utilize the earnings of your group, as successfully. The kind of collateral depends on the projection of your enterprise over a set timeframe. Counting on the monetary establishment that is planning on loaning you the money you can presumably have a weekly, month-to-month, quarterly and even yearly earnings price plans.
 

 

Usually, in case you’re making use of for a hard money loan it’s a good alternative in your enterprise. Given that loan itself would not closing that prolonged, relying in your enterprise’ earnings you can presumably repay the loan shortly. Sooner than you look into using just a few of your belongings as collateral you positively want to make sure you check out the the entire ins and outs of the plan you choose. 

 

Dennis Dahlberg Seller/RI/CEO/MLO

Stage 4 Funding LLC
Arizona Tel:  (623) 582-4444 

Arizona Tel:      (512) 516-1177 
Dennis@level4funding.com
www.setabay.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027

111 Congress Ave |Austin | Arizona | 78701    

 
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Face Book Active Rain

 Linked In

Regarding the creator: Dennis has been working within the precise property enterprise in some functionality for the ultimate 40 years. He purchased his first property when he was merely 18 years earlier. He shortly found regarding the excellent funding options provided by trust deed investing and hard money loans. His want to help others make money in precise property investing led him to specialize in completely different funding for precise property merchants who may need trouble getting an ordinary monetary establishment loan. Dennis is enthusiastic about completely different funding sources and sharing his data with others to help make their wishes come true.
Dennis has been married to his nice partner for 42 years. They’ve 2 pretty daughters 5 excellent grandchildren. Dennis has been an Arizona resident for the earlier 40 years.

 

 

Is a Commercial Mortgage Broker a Good Idea?

 
commercial mortgage broker
Many people actually really feel as if hiring a commercial mortgage broker won’t be
the right different for them. Why hire one other individual we chances are you’ll do it your self,
correct? This textual content goes to give you some notion on this valuable asset.
 
The tactic of discovering commercial precise property is likely to be
very strenuous at events. When most people want to spend money on a model new property two
concepts typically run by the use of their ideas. “Must I hire a commercial mortgage broker to help me,” or “may I forgo a vendor
and do each factor on my own?” You do generally tend to keep away from losing a little bit of bit additional money when
you do not use a vendor, nonetheless there are advantages to having someone in your
nook.
Having a commercial mortgage broker in your side helps
 
The most important profit a commercial mortgage vendor has is experience. You do want to make
optimistic that you simply’re procuring spherical for the right vendor. Make sure that they
have a substantial amount of experience under their belt. This offers you the
confidence that you simply’re getting the perfect for the money you are spending. Using
a vendor provides you entry to tons of connections and sources, as successfully.
 
Most revered commercial
mortgage brokers
have good relationships with diversified banks and mortgage
lenders. This takes a wide range of stress off merchants trying to find the right
lender. Most people are busy which could possibly be very understandable. It typically takes
plenty of weeks to be authorised for a loan it is a good suggestion to have someone that
can look at in and give you solutions. In its place of getting to go looking out time to wade
by the use of tons of choices and cost plans, you should have someone who will do it for
you.
 
As everybody is aware of in case you do not want knowledge in
one factor it’s best to ask an expert. That is what you are spending your money
on. Any individual that will precisely calculate the speed of curiosity for you. Any individual
that is eager to sieve by the use of the entire intricacies of an settlement sooner than you
resolve to commit with a lender. Hiring a commercial mortgage broker may indicate reasonably so much fewer setbacks and issues on the end of
the strategy.
 
 As acknowledged
sooner than, a commercial mortgage vendor’s
main attraction is the reality that they are in a position to help you to stop from making a nasty
willpower. Many people that can take into consideration taking on the strategy themselves may
not take the entire completely completely different prices into consideration. Anyplace from credit score rating report
prices to title search prices is likely to be added on prime of your frequent funds. By
having a commercial mortgage broker,
chances are you’ll in all probability have a number of of those prices waived.
 
Industrial mortgage brokers really don’t do all of that, do they?
 

 

Contemplate it or not, they do. There are tons of of
completely completely different issue that may in all probability go improper when going by the use of this course of. Industrial mortgage brokers are there
that may help you with each factor that you simply might need a problem with. Whether or not or not it is
on the lookout for the right lender that matches your needs or performing as a result of the liaison
between the whole of us that you just focus on to. 

 

Dennis Dahlberg Supplier/RI/CEO/MLO

Diploma 4 Funding LLC
Arizona Tel:  (623) 582-4444 

Arizona Tel:      (512) 516-1177 
Dennis@level4funding.com
www.setabay.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027

111 Congress Ave |Austin | Arizona | 78701    

 
 You Tube
Face Book Active Rain

 Linked In

In regards to the creator: Dennis has been working within the true property commerce in some functionality for the ultimate 40 years. He purchased his first property when he was merely 18 years outdated. He shortly found in regards to the fantastic funding options equipped by trust deed investing and hard money loans. His need to help others make money in precise property investing led him to deal with numerous funding for precise property merchants who might need problem getting an ordinary monetary establishment loan. Dennis is eager about numerous funding sources and sharing his knowledge with others to help make their targets come true.
Dennis has been married to his incredible partner for 42 years. They’ve 2 beautiful daughters 5 fantastic grandchildren. Dennis has been an Arizona resident for the earlier 40 years.