Dax Dickson

SBA 7A Loans

SBA 7A loans are variable rate with a maximum allowable rate of P+2.75%. They are used primarily for financing company operations, equipment, inventory, and accounts receivable, but may be used to finance real estate. Features of the program are:

• The maximum amount has been increased from $2,000,000 to $4,000,000
• The gross receipts qualifying level of $7,000,000 has been removed. Companies must have book net worth of $8,500,000 or less, and after tax income of $3,000,000 or less.
• The 2%-2.5% guarantee fees have been waived.
• The loan to value is 90% of discounted collateral, with upward exceptions sometimes made.
• The SBA is now insuring lenders up to 90% of the loan amount
• There is no prepayment penalty.

If you need help securing financing for your business, contact us. We will help you from writing your business plan to closing your business loan.

Dax Dickson

The Commercial Finance Store

Serving Minneapolis / St Paul MN and surrounding areas

612-578-9898

We also can help facilitate your commercial real estate mortgage loan needs from construction financing to securing the long term mortgage debt on existing properties owned.

Economic Depression...

What does it mean?

Everyone is taking about it!

I really see this Economic Depression differently than most. For my industry it seems to be a good thing. I am a commercial finance specialist and consult with small to medium sized companies. These tough times have really boosted investment.

A lot of my clients who had been buying larger buildings have really moved to buying these residential bank owned properties. They are making a killing and I help them get their money so I am doing well. The buzz in the Twin Cities, MN metro is the commercial rehab mortgage loan for residential real estate. At some point this will end.

What has been talked about lately is the next wave of bank foreclosures to take advantage of... COMMERCIAL REAL ESTATE!!! Some say we might see as much as a 300% to 400% increase in commercial foreclosures in the next 12 to 18 months. If this is indeed true I guess I know what type of commercial loans I will be helping my clients with next year. COMMERCIAL REHAB LOANS on this new wave of foreclosures.

There is always money to lend to qualified borrowers. It may be more expensive to get commercial mortgage loans but that is the cost of doing business.

We made it through tougher financial times in the past and we as a country can and will do it again!

This economic depression has made me appreciate a simple life and made me more focused on my career. I think good things can be born from rough times.

Dax Dickson
612-578-9898

Recently, I start a new website "Twin Cities REO Boot Camp". THe purpose of this website and the Boot Camps the site promotes is to give experienced and beginner Bank Owned REO Rehab Investors better information and tools.

The world of bank owned real estate cheanges almost daily! In regards to finance, I get in the office every Monday and need to relearn my job. Starting by contacting the banks I currently put my Purchase Rehab Rent (PRR) and Purchase Rehab Sale (PRS) loans through to make sure the guidelines haven't changed. Many banks are willing to do rehab loans but only so many. It is key for me to stay on top of what banks are still in the Rehab Mortgage Loan business.

The agents Twin Cities REO Boot Camp work with are always on top of their game. I truly believe that investors buying bank owned REO properties need to work with an asset management real estate agent. So often, the part time agents mess up little things that cost the client the deal or delay the closing.

In the near future we will be adding property managers to our line up of speakers at the REO Boot Camps. Many of my clients have careers that do not allow them the time to chase rent checks and evictions. This is why I recommend every new rehab investor should find a good property manager to work for them.

All of you reading this please take the time to visit us at our next event.

To see available times and places please visit US today!

Learn more about commercial mortgage loan programs available in the Minneapolis & St Paul, MN Metro area that can help those looking to secure purchase rehab mortgage loans for properties that do not qualify for programs like private/hard money loans or the FHA 203K rehab mortgage loan.

My team is partnering up with Richard Webb of ReMax REO Results to host a great educational event July 11th!

REO Boot Camp with Richard Webb and Dax Dickson
Date: 11-Jul-2009


Details
Richard Webb
of
REO Results Group
RE/MAX Results

Presents: REO Investor Boot Camp

Learn from the most experienced REO group in the Twin Cities (500+ transactions in 2008)

Learn:

·· Why it matters to work with the Agents that work with the Banks

·· The Do's and Don'ts of Rehab construction

·· How to meet your short and long term real estate goals

·· How to take advantage of purchasing bank-owned properties

·· How to access community banks to secure Rehab Mortgage Loans

Location and Date:

July 11, 2009

9:30 AM -11:00 AM


5201 Eden Avenue
Suite 100
Edina, MN 55436


There is limited space available so please REGISTER

Bank Owned REO Foreclosures are selling to investor buyers and future home owners. The homes are there to buy and the rehab mortgage loans are available to qualified borrowers!

REO Results Group

RE/MAX Results

Presents

REO Investor Boot Camp

Learn from the most experienced REO group in the Twin Cities (500+ transactions in 2008)

Learn:

•· Why it matters to work with the Agents that work with the Banks

•· The Do's and Don'ts of Rehab construction

•· How to meet your short and long term real estate goals

•· How to take advantage of purchasing bank-owned properties

Location and Date:

June 27, 2009

9:30 AM -11:00 AM

Edina 5201 Eden Avenue
Suite 100
Edina, MN 55436

There is limited space available

Please visit our site to register

WEBSITE

Learn more about commercial mortgage loan programs available in the Minneapolis & St Paul, MN Metro area that can help those looking to secure purchase rehab mortgage loans for properties that do not qualify for programs like private/hard money loans or the FHA 203K rehab mortgage loan.