Category Archives: Arizona home loan home loan Arizona Blog 16: Hard Money Loans with Your Arizona Mortgage Broker

Why Commercial Loans Had a Successful 2017

The end of 2017 wasn’t quite the strongest quarter, but overall 2017 was a really good year for commercial loans. Just recently, Bank Financial Corporation released their impressive numbers from 2017 and many others in the industry shared the same success.

With a 20 percent increase from last year, Bank Financial Corporation recorded a net income of $9 million dollars. There was a decline in the 4th quarter from previous years, but it was mainly due to accelerated payments and also prepayments of leases. On top of that, the reduction of wholesale deposits did cause a decline in total deposits in the 4th quarter, but 2017 still saw an overall increase.

Commercial loans and industrial loans san an increase in $53.5 million dollars in 2017. Also, seeing increases, multi-family residential real estate loans increased by $45.5 million dollars and middle market commercial leases grew by $18.1 million dollars. Bank Financial Corporation wasn’t the only company that saw an increase throughout 2017. Many in the industry also saw just as impressive numbers when it comes to all the different types of loans.

It was a favorable year for Bank Financial Corporation set a new record with commercial related loan balances of $1.22 billion dollars. The total retail and commercial deposits didn’t grow, but it also didn’t decline either, leading to stability throughout the year. Stability isn’t the best scenario, but it is a lot better than seeing a decline. Which is why many in the industry are hoping that the numbers continue to increase or at least be stable as we continue into 2018.

Bank Financial Corporation thanks the positive trends due to a new organization structure.

With such a great year with accelerated growth with commercial loans, Bank Financial Corporation has given credit to the success to new key business plan objectives that they were able to execute for a successful year. The company is hoping to continue to improve and become more efficient throughout the new year. The company was able to organize their plans to successfully deliver the business that their consumers are looking for.

The momentum from 2017 is expected to continue through 2018.

Due to the successful year, Bank Financial Corporation has been able to obtain new customers, acquire new account types and even expand relationships with existing customers. Bank Financial Corporation is the holding company for Bank Financial National Bank, who currently have 19 offices across the United States and offer things like commercial loans.

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

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

Time to Talk to Your Arizona Mortgage Dealer?

Conventional gentle money loans are nice. When you will get one. Banks are particularly tight fisted
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proper now when it comes to giving money to those that need to use it for property. Banks are, as everybody is aware of, at the moment underneath plenty of scrutiny.
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Nonetheless, so are you. So as to even get within the door of the workplace of a loan officer at a financial institution you want an impeccable credit score rating and that’s a little bit troublesome to purchase. It might not even actually exist anymore. Folks have had such a troublesome time recently as a result of the financial system has been tough. You could have already spoken to your Arizona mortgage broker about how hard it has been for you. They could have instructed you not to get a standard loan, they could have instructed you that there’s one other manner. That’s when a hard money loan would are available in.
Your Arizona mortgage broker may say to you that you simply don’t want to fear about your credit score as a result of with a hard money loan you don’t want to even take into consideration your credit score. It should not be a blip in your radar as a result of you should have a private money lender blissful to hand over the money with loads much less of a fuss than what it takes to get a standard loan.
Your conventional loan goes to additionally take loads longer to obtain than your hard money loan, which can be fairly quick and provide the period of time you want. Not a shortened time-frame like a standard loan. Don’t concern the time period ‘hard money loan’ as a result of you will note that it might be the most effective factor that ever occurred to you and the property you are attempting to flip, buy, or save. Keep in mind to look into hard money loans.

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Dennis Dahlberg
Level 4 Funding LLC

Tel:  (623) 582-4444 | Fax: (888) 279-6917
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027