BLS Funds
    27Jun, 2023
    Bridge loan terms tailored to meet your needs…

    Bridge loan terms tailored to meet your needs..

    Commercial real estate investors today are often asset rich but temporarily liquidity poor and need to access capital quickly in order to take advantage of a time-sensitive situation. Bridge loan terms tailored to meet your needs is your solution.

    WE CAN CLOSE In as little as 5 days! We put our borrower’s needs first. We care about what you care about. We’ll create loan terms tailored to meet your individual needs.

    Bridge loan terms to meet your investing needs.
    schedule a call

    About Business Loan Solutions

    It is a long established fact that the business of lending money is ever changing. As a business owner or investor, you need to consult with an expert, someone on your side to navigate the lending options from the BEST lenders in the market.

    18Jun, 2023
    Unlocking Hard Money Loans for Rental Properties

    Unlocking Hard Money Loans for Rental Properties

    Are you an aspiring real estate investor looking to enter the rental property market but facing challenges in securing financing? Look no further—hard money loans may just be the solution you need. In this comprehensive guide, we will delve into the intricacies of hard money loans for rental properties, providing you with valuable insights on how to successfully secure funding and surpass the competition.

    Understanding Hard Money Loans

    In the realm of real estate investment, hard money loans have emerged as a popular choice for financing rental property acquisitions. Unlike traditional loans offered by banks or credit unions, hard money loans are typically provided by private investors or companies. These loans are asset-based, with the property itself serving as collateral, making them an attractive option for investors who may not meet the stringent criteria set by conventional lenders.

    The Advantages of Hard Money Loans

    1. Efficient Approval Process: Compared to traditional loans, hard money loans offer a significantly faster approval process. Private lenders prioritize the property’s value and potential profitability over the borrower’s credit history. As a result, the loan application and approval process can be expedited, allowing investors to capitalize on time-sensitive investment opportunities swiftly.
    2. Flexible Terms: Private lenders have greater flexibility in structuring loan terms. This can be advantageous for real estate investors who require tailored repayment schedules or terms that align with their specific investment strategies.
    3. Accessibility: Hard money loans are accessible to investors with lower credit scores or those who may have difficulty qualifying for traditional financing options. Since the loan is primarily based on the property’s value, borrowers with less-than-ideal credit can still secure funding.
    4. Collateral-Based Security: With hard money loans, the property being purchased serves as collateral, minimizing the lender’s risk. In the event of default, the lender can recover their investment by selling the property. This collateral-focused approach allows borrowers with unconventional financial situations to secure funding.

    Tips for Successfully Securing Hard Money Loans for Rental Properties

    1. Research and Identify Reputable Lenders

    Conduct thorough research to identify reputable hard money lenders specializing in financing rental properties. Look for lenders with extensive experience in the real estate market and a proven track record of successfully funding similar projects. Reading reviews, seeking recommendations from fellow investors, and actively participating in industry events can help you find reliable lenders.

    2. Develop a Solid Business Plan

    To enhance your chances of securing a hard money loan, develop a comprehensive business plan that effectively showcases the investment potential of the rental property. Include key information such as the property’s location, market demand, projected rental income, and your detailed strategy for managing and maintaining the property.

    3. Gather Required Documentation

    Prepare all the necessary documentation to support your loan application. This typically includes detailed property information, financial statements, credit reports, proof of insurance, and any additional documents requested by the lender. By providing a complete and well-organized package, you demonstrate professionalism and dedication to the investment opportunity.

    4. Highlight Real Estate Experience

    If you possess prior experience in real estate investing, make sure to highlight it during the loan application process. Demonstrating a successful track record can instill confidence in lenders and significantly increase your chances of loan approval.

    5. Negotiate Favorable Loan Terms

    While hard money loans often come with higher interest rates and fees compared to traditional loans, there is room for negotiation. Carefully review the proposed loan terms and engage in open discussions with the lender to identify areas where more favorable conditions can be achieved. Building a strong rapport and working closely with the lender can lead to a mutually beneficial agreement.

    In Conclusion

    Hard money loans offer a valuable financing option for real estate investors venturing into the rental property market. With their quick approval process, flexible terms, accessibility, and collateral-based security, these loans provide the necessary financial support to kickstart your investment journey. By conducting thorough research, developing a solid business plan, gathering the required documentation, highlighting your real estate experience, and negotiating favorable loan terms, you can position yourself ahead of the competition and secure the hard money loan you need.

    3Feb, 2023
    Worries of Stagflation??

    Worries of Stagflation? We already know there is inflation. But are we seeing signs of the dreaded stagflation in the economy? Who knows, only a picture in the rear view mirror can tell us. But regardless of the terms we use, businesses are experiencing some turbulent and uncertain times. We are handing you the keys that might help your navigate these challenging times.

    We anticipate that for an extended period, revenue may flatline while costs keep increasing. If you have exhausted the cushion you had set aside, it is time to take some other strategic measures to preserve the cashflow.

    worries of stagflation work smarter no harder

    KEY #1 – Keep the cost of debt to a minimum. And if interest rates are rising, consider replacing any variable interest rates loans with fixed rate interest payments. The fixed rates may feel high now, but if the Feds launch into drastic action, you will be prepared. Conversely, when the interest rates fall again, you can refinance at the lower rates.

    KEY #2 – Become a landlord. During stagflation, rents may increase and your business’s revenue might not. If you have extra cash available, consider buying the building in which your business operates, then rent the other half of the building to other tenants. Of course, purchase wisely. There are very friendly loans available to support purchasing commercial real estate for occupancy and rentals. So explore all of your options.

    KEY #3 – Be opportunistic about acquisitions. Companies that are going out of business or need to raise cash may sell property or equipment at below market prices. Consider acquiring commercial property, equipment, assets, brand lines or staff with needed skills to augment the business you are operating.

    Likewise, consider merging/acquiring a competitor, buying a channel, or manufacturing your product in-house if doing so allows both companies to reduce overhead, expand into new markets or offer an expanded array of products or services.

    KEY #4 – Augment staff with technology. Embrace automation in your business can supplement the staff and allow people to do more with less. If you have been resistant to incorporating technology into your daily business routine, you may be missing one of the biggest opportunities for growth in your company and for your staff. Technology can enhance your product output as well as offer a better customer experience. Should you higher staff person, or should you invest in technology that helps everyone grow. Business loans are available to expand your business technology needs and help your business be more cashflow positive.

    This is the time to think strategically and put the sound principles into action. This year will be another year of change to stay alive, or you can make it a year of change and leverage the opportunities coming available. Ultimately, its these times that help us grow and expand into places we did not even know existed. Protect the cashflow, manage the cash, and leverage debt where possible.

    We are here to find the strategies and the loans that help propel your business forward.

    3Jan, 2023
    Who should be on my team in 2023?
    who should be on my team

    Who should be on my team in 2023?

    There’s no time like the beginning of the year to complete a thorough assessment of your business activities.  Where have we been? Where are we now? and Where are we going? Most good business owners take the time to at least think about what the year will bring. And in the wake of uncertainty of the upcoming year given inflation, increasing interest rates, the war overseas, and political turmoil, one of those line item tasks should include asking:

    Who do I put on my team professionally?

    Take an assessment of the professionals around you. Your attorney, your cpa, your banker, your technology person. Yes, you’ve worked with them for years, but are they serving the purpose you need them to right now? Certainly, you do not want to be in a quandary and then have limited options to choose from. The best time to explore your options is when you are not under a stressful situation.

    Who should be on my team in 2023?

    The obvious as stated above, but is that all the key management players I need to achieve my big impossible goals this year? Who else should I consider to help my teams perform? More importantly, who are bringing good ideas to the table that lets me choose the next steps for our business? Or takes my business into a new direction?

    Think you have it under control? Think again! The world of finance is changing rapidly.  You do not have the time nor probably the desire to keep up with the latest and greatest growing financing trends, but there is nothing wrong with exploring some tried-and-true methods and incorporate some well-worn paths to grow your business.

    As I have said many times before, cashflow is king. Protecting your business cashflow is the secret to your business success. I can guarantee, that none of those professionals can advise you on protecting your cashflow. They can only speak to managing your money, not generating it. Which is actually different than managing your cashflow.  Not having cash-on-hand to make payroll or pay your bills is one of those things that will keep you up at night. Not being prepared for a surprise negative cashflow situation, will take you out of business in an instant.

    Of course, turning to the banks, when you need the money; they cannot lend it to you when you are in an adverse financial position. We are already witnessing the banks tightening lending criteria and standards. And if you remember in 2008 crisis, the banks were not your friend. They were often the source of the problem. I am not saying this is 2008 all over again. The current situation is very different and there are some strong fundamentals at play. However, there are some similarities that are worth paying attention to. How does the saying go? The banks only lend money when you don’t need it. There is some truth to that.

    And if you find yourself in a quandary, predatory lenders are waiting behind the scenes to scoop up on the opportunity. This is a position you want to avoid. So, if you are planning for a business-as-usual kind of year during your assessment, you may miss the mark. Lets be honest, this is a “Take Action” kind of year, not a wait and see how it goes kind of year. The smart people will make decisive plans and act early in the cycle. They will expand their tolerance limits and plan for the low cashflow possibilities. And they will surround themselves with talented people who can bring creative ideas to the table when navigating a difficult year. You will be brilliant!

    At Business Loan Solutions, we are dedicated to your business success. We understand the importance of cashflow in your business and we strive to find the right solutions to keep operations running smoothly, even in this uncertain time. If the saying goes, the banks only lend money when you don’t need it is true, then the opposite is true too.  While your business is going well, look for solutions that work for you. Consider a working capital loan or a line of credit as a back up plan. Consider consolidating your loans, especially if you have a long-term loan coming due this year. Take advantage of equipment leasing or invoice factoring to diversify your cashflow possibilities. Or even investigate an SBA loan to expand your business. We have many levers to pull in your favor and we can help you plan this year’s cashflow strategy.  

    So as we head into an uncertain economic year, who do you want on your team?

    11Mar, 2019
    When Should a Business Choose to Expand?

    If you’re wondering how to fund the expansion of your business, Small Business (SBA) loans and Lines of Credit are pretty good options because the rates are very affordable, and the terms are very favorable — allowing the borrower to pay back the debt with comfort.  SBA loans are government backed to help reassure the security of your loan.

    • Need facilities: A common reason for business expansion is when a company outgrows their current operating facility or supporting networks.
    • Need equipment: As business growth ramps-up, so does the need for modern and fully-functioning equipment or machinery to help keep up with orders.
    • Hire employees: As your business grows, the reliance on quality workers to support the growth is crucial, as well as the need to hire new workers to help the company with production and marketing.
    • Working capital: When you find yourself reinvesting in larger facilities, equipment, marketing, hiring, etc. you may find that your liabilities begin to outweigh your income. During those times it may be crucial to obtain working capital financing.
    • Marketing: As with all businesses, if you have a great product or service but no one knows about it, you won’t make much money. Therefore it takes money to make money.  Investing in marketing to help grow your business grow is absolutely necessary.
    • Purchase inventory: As your business grows, the need for adequate inventory is crucial. Making sure your product is always in-stock is extremely important.

    We provide lending options for those individuals seeking to expand their business operations.  Your success is our goal!!

    9Sep, 2018
    Resurgence Commercial Real Estate & New Construction Loans
    construction-worker-676

    We are seeing a resurgence of commercial real estate projects & new construction loans especially in multifamily housing.  Of course people fear another housing meltdown like 2008, but not to worry!

    According to a national economist last week, the current demand for housing is actually that…a demand. Unlike our experience in 2008, where the demand was actually the housing bubble and ultimately the housing crash. The inflated prices from 2006/7 were unsustainable. Today, however, the economy is doing well and unemployment is at an all time low.  Those two influences are determining factors of true demand.  Additionally, the demand for luxury housing is up. So some of those commercial real estate projects that were sitting on the back burner in 2010, are now resurfacing causing the resurgence of commercial real estate project and new construction loans. This is great news for the local communities.

    However, we understand that several developers and contractors were hurt by the down turn and their financial picture still looks bleak. Having lived through it myself, I remember the toll it took on everyone, personally, emotionally, and financially. That’s why we work with developers and contractors to pencil in the numbers and search for the best loans to meet your needs.  Of course it is up to us to create the most successful strategy to present to different lenders. Then we create hungry lenders willing to work with you to complete your project.

    Sign up for a free consultation, and Let’s get those projects done!