Monthly Archives: January 2019

The Pitfalls of the Past: Dodd-Frank and Arizona Hard Money Loans

January 27, 2019Uncategorizedbigdaddydennis

How has the Dodd-Frank Act influenced Arizona Hard Money Loans during and after the Great Recession?

It’s the mid-2000s. The housing market is on the rise as the price of homes increases. Due to this favorable uptick, more people are looking to acquire loans to buy houses. Lucky for them, there are less banking restrictions, and many people with subprime credit are getting funded. It seems great. The housing market continues to boom. Prices continue to rise. The economy’s strong. All of a sudden, Freddie Mac won’t accept dicey, subprime mortgages. This decision leads to peril for some major lending institutions who find themselves unable to get returns on their investments. Bankruptcy soon follows. As banks struggle and closely watch subprime borrowers, indirectly, the value of homes begins to fall. More banks go under, the housing market collapses, and the stock market takes a nose dive. Cue the Great Recession. So, in attempt to learn from history, or avoid the fate of repeating history, what does the government legislate? Answer: the Dodd-Frank Act.

Dodd-Frank changes the lending game, especially regarding Arizona Hard Money Loans. A portion of the Dodd-Frank Act lays out the Mortgage Reform and Anti-Predatory Lending Act. This act restricts the circumstances in which Arizona Hard Money Lenders may lend money to individuals desiring to purchase personal residential property. Other restrictions for residential loans are added as well. Those giving out Arizona Hard Money Loans must verify if the borrower is able to repay their loan.

As a result of this, Arizona Hard Money Lenders shift to focus on investors looking to rent, sell, or commercialize real estate. Mainly because the Dodd-Frank Act does not limit businesses in regard to hard money, instead, it is interested in protecting the US economy from experiencing another subprime and residential lending apocalypse.

Post Dodd-Frank: Arizona Hard Money Loans

While this creates challenges for individuals looking to receive help after struggling with bankruptcy, subprime scores, or foreclosure, it has become a boon for real estate developers, especially where conventional lending was scares in the past.

Who are some of the main recipients of Arizona Hard Money Loans today?

So, post-Dodd-Frank, if residential lending is limited, who uses Arizona Hard Money Loans today? Well, to start, flippers use Arizona Hard Money Lenders to finance renovations on outdated homes. Many flippers use hard money to cover acquisition costs of property. Other flippers purchase property with their own money and use Arizona Hard Money Loans to cover the cost of renovation, or a particular portion of renovation such as roofing, cement, or plumbing. After completing the flip, the property goes to market, hopefully bringing in a good return.

The next category of individuals is those who are looking to renovate to rent property. These individuals, like flippers, use Arizona Hard Money Loans to acquire properties or finance costly portions of the renovation process. Once the property is completed, it is marketed to the public in order to rent. After this category of borrowers, there are contractors who look to build and sell property and businesses that look to expand their property or projects.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO

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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Take Advantage of Market Demand with Arizona Cannabis Business Loans

January 27, 2019Uncategorizedbigdaddydennis

Arizona Cannabis Business Loans help many meet the growing demand for legal marijuana in the United States.

“Come senators, congressmen, please heed the call.

Don’t stand in the doorway, don’t block up the hall.”

—Bob Dylan

Change. The DEA, federal mandate, seizure of property, and legal seesaw determining states’ rights. At the epicenter of public, regional, and national debate, marijuana has slowly ameliorated, slowly gained greater public acceptance. Today, particularly in the US, ten states now have legalized recreational use and licensed commercial distribution of marijuana: Alaska, Nevada, California, Colorado, Maine, Massachusetts, Michigan, Oregon, Vermont, and Washington. Not to mention on top of this, 13 states have decriminalized marijuana, including the District of Columbia and other territories.

Marijuana has come a long way in a short amount of time. In the US, most prohibition began at the beginning of the 20th century. By 1937, the Marijuana Tax Act passed, federally prohibiting the use of marijuana, not necessarily medicinal use. Next, 1970 brought along the Controlled Substances Act federally prohibiting any use of marijuana, be it recreational or medicinal.

However, from the mid-1970s to 1990, laws pertaining to marijuana began to change and for the most part lessen on the state level with ten states decriminalizing cannabis: Alaska, California, Colorado, Maine, Minnesota, New York, North Carolina, Ohio, Oregon, and Nebraska. After the decriminalization of marijuana in many states, the years 1996 to 2012 brought about the beginning of the age of medical marijuana with thirteen states approving medicinal cannabis. It didn’t end there. As stated above, ten states approved not only medicinal but recreational marijuana from 2012 up until now, 2018. Though gradual, the change has been consistent from the beginning of the 1900s. The legal trends as of present have tended to favor laws upholding recreational, commercial, and medicinal use of marijuana. This legal trend does not seem to be letting up in the near future. Though marijuana has emerged from a prohibitory period, such as alcohol, the future is seemingly green.

Dreams Come True with Arizona Cannabis Business Loans

With an ever more favorable legal scenario and a more positive public reception, the amount of legal cannabis consumers is on the rise, and with a demand of consumers comes a greater need to supply services, facilities, and products related to cannabis and its projected multibillion-dollar-market worth—in the US alone. Many individuals are familiar with cannabis, its medicinal usage, or its favorable extracts and are interested in starting cannabis business. However, they lack proper funding since conventional lenders tend to shy away from cannabis or other business loans. Despite these setbacks, hard money Arizona Cannabis Business Loans have become a viable solution.

Level 4 Funding is here to support your ventures with Arizona Cannabis Business Loans. Talk to a hard money broker today!

Today, hard money Arizona Cannabis Business Loans are available and have helped many meet the growing demand for legal marijuana in the United States. Hard money brokers are here to find the rates and terms to help individuals qualify. Starting rates as low as 7.99% for qualifying borrowers. Cut through the red tape and get started today with Arizona Cannabis Business Loans.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel: (623) 582-4444

Texas Tel: (512) 516-1177

Dennis@level4funding.com

Dennis Dahlberg Broker/RI/CEO

How to Get 100 LTV Commercial Real Estate Financing

January 27, 2019Uncategorizedbigdaddydennis

Is there such a thing as 100 LTV commercial real estate financing? Not exactly, but there are workarounds to get there. Here’s how.

For the uninitiated, loan-to-value (LTV) means the amount of the loan compared to the value of the property you’re buying. Let’s say the property you want to buy is valued at $100,000 and you get a loan for $87,000. That’s a LTV ratio of 87 percent. Some accredited private lenders will do a loan-to-value ratio of up to 90 percent in certain commercial cases, but 100 percent LTV really isn’t done in the industry.

That’ doesn’t mean it’s not possible, but you may have to get a little creative. Here are a few ways to get 100 LTV commercial real estate financing:

Partner with someone who has cash. This could be a family member or another investor who’s willing to get into the game with you. He or she can help with the renovation budget or a down payment in exchange for back end money.
Use a bridge loan for a part of the down payment. Using commercial real estate seller financing is one option as many hard money commercial lenders will do this. However, most will still require you to come up with around 10 percent out of pocket.
Find more than one partner. Some commercial real estate developers use shareholders of members of an LLC to raise the money they need.
Use capital stacking. That means using a combination of any of these methods. That could mean using equity partners, debt financing, and seller financing in conjunction to get to your 100 percent.

What About 100% for Rehab Costs?

While you may not be able to get 100 LTV for purchasing a commercial property, you may be able to get 100 percent of your rehab costs by going the hard money route. Hard money comes from private investors, so there’s more wiggle room when it comes to qualification and loan terms. For instance, by having a good plan, a good budget, and solid collateral, you may be able to get up to 90 percent LTV on the purchase, 85 percent on as-is value, and 100 percent of rehab costs.

Getting Commercial Financing in Arizona

Whether it’s your first commercial project or your 10th, if you can dream it, you can find a way to get the financing for it. You may have to get creative to get 100 LTV commercial real estate financing, but don’t give up. If you need help figuring everything out, give us a call today. We offer an ultra-fast approval process, funding in days, no prepayment penalties, and the best rates in the business.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel: (623) 582-4444

Texas Tel: (512) 516-1177

Dennis@level4funding.com

Dennis Dahlberg Broker/RI/CEO

How to Increase Your Chances of Getting Arizona Spec Home Financing

January 26, 2019Uncategorizedbigdaddydennis

Loans for spec houses are a tiny percentage of loan market, so they can be confusing for would-be borrowers. Here’s how they work and how to increase your chances of getting approved for one.

A spec loan is loan for the construction of a “speculative” home. In other words, it’s a home for which the builder has no buyer. If you’re thinking of building a spec home and you don’t have millions of dollars at your disposal, you’ll want to apply for Arizona Spec Home Financing. Let’s look at what you’ll need to get started and how you can boost your approval chances:

● Go for an improved lot. Spec loans are risky but you can reduce your risk by opting for an improved lot. Improved land — as opposed to raw land — already has roads, sewer lines, electric wiring, and usually a proximity to recognized urban spaces. This makes the construction significantly faster and easier, which in turn makes the loan less risky.

● Think about speed. If this is one of your first spec homes, choose a plan that you can knock out quickly. A shorter construction schedule will keep budgets lower and offer less chance for major hiccups. To a spec home lender, this makes the loan less risky.

● Secure the loan with the lot. If you’re worried about getting approved, one option is to offer the lender equity in the lot as a down payment.

● Spec loans are nicknamed “story loans.” There’s no buyer, so the builder and lender have to use their imagination to envision the final product and its viability in the market. To frame the loan as an opportunity and not a risk, you can tell a “story” — where you got the idea, what you want to do with it, and where you see it ending up down the road.

Documents You Need for Arizona Spec Home Financing

What do you need to have on hand to qualify for Arizona Spec Home Financing? It’s a lot less than you might think. Much of it is documents you’ll already have for your project. Namely, detailed budgets, precise plans for the property, and all the requisite permits for building in the area.

Start Your Spec Home Adventure Today

Once you’ve got your plan together, getting funding is the key to finally breaking ground. Here at Level4Funding, we offer Arizona Spec Home Financing for up to 24 months, customizable draw programs, loan-to-value ratios of up to 90 percent, and rates starting at just 9.5 percent. Speak with us today to see how we can partner on your spec home.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel: (623) 582-4444

Texas Tel: (512) 516-1177

Dennis@level4funding.com

Dennis Dahlberg Broker/RI/CEO

Why Arizona Private Money Lenders Can Be a Better Option Than the Bank

January 26, 2019Uncategorizedbigdaddydennis

Many real estate investors go directly to the bank to get their financing because that’s the accepted route. But in some cases, a loan from a Arizona Private Money Lenders may be a better option.

How do you know when you should go to the bank and when you should look for private investors? To determine this, let’s look at some of the ins and outs of both loans:

● A bank loan will require an in-depth rummaging through your financial history, a bright, shiny credit score, and a pretty sizable down payment. You’ll probably be rejected if you’ve had a previous blemish on your financial track record, a credit score below 700, and an income that doesn’t match their threshold.

● A private money loan is secured using collateral, so your history, income, and credit score play a much smaller role. If the collateral property — whether it’s a currently owned property or one you’re purchasing — passes the sniff test, you can get approved.

● Bank loans can take up to a couple months to go through the approval and granting process.

● Private loans can be in your account in a matter of weeks. The approval process is quick and the funds don’t have to go through all sorts of red tape.

● Bank loans come from giant conglomerates that may or may not have a vested interest in your success.

● Private money loans use funds from individuals who hitch their wagon to your plans. Your success is their success.

Is a Arizona Private Money Lender the Right Option for You?

Now that you know some of the differences between Arizona Private Money Lenders and the bank, you’ll have a better idea if it’s the right move for you. If you’ve got amazing credit, a spotless history, and plenty of dough to plunk down on a property, the banks may be your best option. Conversely, if you need to move quickly on your investment opportunity or you’ve been turned down by the big financial institutions, going the private route may be the better option.

Finding an Arizona Private Money Lender in Arizona

Hard Money Loans in Arizona do come with much shorter terms and higher interest rates and that can feel scary at first blush. However, for the right situation, this arrangement can be a win-win for both the real estate dreamer and the Arizona Private Money Lenders.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel: (623) 582-4444

Texas Tel: (512) 516-1177

Dennis@level4funding.com

Dennis Dahlberg Broker/RI/CEO

Owner-Occupied Hard Money Loans in Arizona

January 26, 2019Uncategorizedbigdaddydennis

If any of those reasons resonate with you (or you’ve got your own reasons), you’re probably wondering about the specifics. These types of loans are incredibly quick. The application takes minutes and the funds can be in your account much faster than a bank loan. Interest rates vary, but they are typically in the six to 12 percent range. To qualify, you’ll simply need a tax return or 3 months of bank statements.

Level4Funding and Owner-Occupied Hard Money Loans in Arizona

Our owner-occupied Hard Money Loans in Arizona have no pre-payment penalty, they don’t cost anything to apply for, and we guarantee the lowest rates in the business. Speak with one of our representatives or fill out one of our quick loan applications today!

How to Apply for a Residential Hard Money Loan in Arizona

Thinking about finding a Arizona Residential Hard Money Lender in Arizona to get financing for a single family home? Delving into the world of residential loans can be daunting, so let’s demystify it by taking a look at the first step in the process — applying.

Hard Money Loans in Arizona use funds from private investors and individuals and are secured by collateral. As such, the application process is different than a typical bank or credit union loan. A big bank might ask for a pile of documents to verify every dime of income, show every asset, and prove that your credit score is up to snuff. With hard money, here are some of the common steps you’ll go through:

Find a reputable lender. An upstanding lender will have a professional website, an easy way to contact them, and, most importantly, a proven history of funding successful residential projects.
Do your research. If you’re making an investment in residential real estate, you’ll want to know every detail about it — what’s its growth potential? What is the market’s history in the area? What will your after-repair-value (ARV) be?
Show the value of your collateral. Since collateral is the lynchpin of a Hard Money Loan in Arizona, that’s where lenders will focus. You’ll provide documentation that shows the value of your collateral property. This can include things like architectural plans, contractor bid sheets, detailed budgets, and plans for renovations.
Prepare other documents. In most situations, the above documentation will be all you need. In some cases, though, Hard Money Lenders in Arizona might ask for a few other documents, including paystubs, W-2s, credit history, or bank statements.

Moving Quickly on Your Residential Investment

Here’s the best part about opting for a Arizona Residential Hard Money Lenders over a common bank loan — the process is really fast. Without complicated underwriting processes and all sorts of verifications, Hard Money Loans in Arizona can be approved in a matter of days and you can have the money in your account in a matter of weeks. That speed means you can move quickly on an investment opportunity. After all, the faster you can get started, the faster you can make a profit.

Apply for a Residential Hard Money Loan in Arizona Today

The application process is easier than you might think. An Arizona Residential Hard Money Lender in Arizona, like Level4Funding, can sit down with you, walk you through the process step by step, and help you get the funding you need for your project.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel: (623) 582-4444

Texas Tel: (512) 516-1177

Dennis@level4funding.com

Dennis Dahlberg Broker/RI/CEO

6 Reasons to Consider an Owner-Occupied Hard Money Loan in Arizona

January 26, 2019Uncategorizedbigdaddydennis

Despite what you may have heard, some lenders still do owner-occupied Hard Money Loans in Arizona. Here are a variety of reasons to consider one for your situation.

If you’ve done any looking around, you’ve probably found that not many Hard Money Lenders in Arizona are willing to do owner-occupied loans these days. Even the ones that are willing to do them will only go forward if the funds are intended for a business purpose. That’s because the regulations surrounding them can be daunting and many lenders just don’t want to deal with it.

However, there are still Hard Money Lenders in Arizona who will give primary residence loans. Here are some reasons to consider one an owner-occupied Hard Money Loan in Arizona:

You’ve got bad credit. The banks and credit unions have turned you down because your credit score didn’t fit into their little box.
You’ve got income that’s difficult to prove. If you’re self-employed or your income isn’t “normal,” you’ve probably found that typical lenders don’t want to deal with you. Unfortunately, not everyone has a 9-5 desk job with a regular paycheck.
Your property is “problematic.” If your primary residence has major issues, the banks may not want to let you refinance.
You just don’t qualify for traditional or FHA/VA financing. There are all sorts of reasons banks turn down borrowers and you’ve got one or two problem areas that made you too much of a risk.
You need to do repairs. Whether it was a catastrophe or just the ravages of age, your primary residence is long overdue for repairs and refurbishment and you need an influx of cash to get it all done.
You want to pay down debt. You’ve got debts outside of the mortgage that are critical, and you need to pay them off at a lower interest rate.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel: (623) 582-4444

Texas Tel: (512) 516-1177

Dennis@level4funding.com

Dennis Dahlberg Broker/RI/CEO

Can You Get an Airbnb Loan in Arizona with Rotten Credit?

January 25, 2019Uncategorizedbigdaddydennis

Is it possible to get an Airbnb Loan in Arizona if your credit stinks? It might seem impossible, but there are ways to work around the system and start making your hosting dreams come true.

It’s a catch-22. You’ve had financial problems in the past, so you’re looking to bring in some extra income to help pay the bills. Airbnb is a great option because it’s something you can do on the side. After all, the average host brings in an extra $924 every month. Unfortunately, the banks won’t give you the financing you need to make it happen. Are you completely out of luck? Not necessarily.

If the banks and credit unions have given you a firm “no” because of a low credit score, a precarious financial situation, or a past transgression, don’t worry. You still have options.

Using Hard Money to Finance an Airbnb Property

You’ve probably heard the term “hard money” before but you might not be completely clear on what it is. Put simply, Hard Money Loans in Arizona are loans that use funds from private investors. They offer a range of benefits that the banks can’t:

● Since the money comes from private sources, they’re not as heavily regulated and they don’t require as much complicated underwriting. This makes the process incredibly fast. With a typical bank loan, you might wait weeks to get approved and up to a couple months to see any money in your account. Hard money Airbnb Loans in Arizona can be approved and financed in as little as two weeks.

● Hard Money Loans in Arizona are secured using collateral. This means that Hard Money Lenders in Arizona don’t care as much about your credit score or any mistakes you’ve made in the past. If your investment is sound and your collateral is solid, you should be able to get approved.

● Hard Money Loans in Arizona come with higher rates and shorter terms — usually anywhere from six months to a year. The idea, then, is to use the proceeds from the Airbnb to pay the loan back quickly. Then you’re free and clear and everything after that is profit.

Finance Your Airbnb Property Quickly

Opening an Airbnb property may be the perfect way to take advantage of the gig economy and bring in some extra money. If hosting has always appealed to you and the banks have turned down your dream, a hard money Airbnb Loan in Arizona might be the way to go. Call us, email us, or chat with us to find out how we can help fund your rental property goals.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel: (623) 582-4444

Texas Tel: (512) 516-1177

Dennis@level4funding.com

Dennis Dahlberg Broker/RI/CEO

Who Are Arizona Private Money Lenders?

January 25, 2019Uncategorizedbigdaddydennis

Beginning a relationship with an alternative money lender may be the only option when a traditional lender won’t approve a loan. Read below to learn who they are and how they can help you with financial success.

Private investors are alternative loan sources for people who aren’t approved by traditional lenders like banks and credit unions. While most people may think of private investors involved with real estate, they can really range from any untraditional source. This may include people such as friends and family who offer a loan to professional acquaintances, crowd funders and typical Arizona Hard Money Lenders.

Typical Private Money Lenders in Arizona are private investors that differ from banks in that they can offer speed, flexibility and approval. Usually people with rotten credit or low income go to Arizona Hard Money Lenders because these types of lenders focus on the property instead of financial history. While financial history is important, as is the repayment of the loan, alternative lenders focus on property potential. Compared to a bank, private lenders have a more transparent relationship with their borrowers. When evaluating potential loans, private lenders typically evaluate the LTV loan to value or ATF after repair value; for them, collateral trumps finance history. Appraising the property’s potential will likely be the first step. One major benefit of utilizing a private lender is speed. Banks can take as long as a month or more to begin the loan process, but some private lenders can start as soon as the day of. This is attractive to people who need money to bid on competitive property or to prevent a foreclosure fast.

Who Alternative Lenders Work with Best

As mentioned, agents bidding on property or families wishing to prevent a foreclosure may benefit the most from private Arizona Hard Money Lenders. The short repayment period and speed in the loan process loans itself to these options specifically. Fixer uppers are another example of those who may take advantage of the benefits of private money lenders. Experienced and successful renovators would definitely take advantage of the short repayment period, as they are likely to resell their property and make a profit fast. Thinking outside the box into other type of private lenders such as crowd funders or family and acquaintances could be helpful if a small amount of money is needed. If the public believes in the investment or a personal connection knows you to be reliable, they are definitely options that may be more successful than a bank—especially if the rates of Arizona Hard Money Lenders are too high.

Determining the Right Option for You

Private Money Lenders in Arizona provide opportunities for many people unable to receive traditional funding. However, this does not mean they are for everyone, especially in cases of Arizona Hard Money Lenders. Determining your qualifications for both traditional and untraditional loans will help you evaluate the types of opportunities work best in your particular situation. Taking account of all variables in your situation and comparing each alternative option will likely lead you to success. Sometimes it just requires you think outside of the box.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC Dennis Dahlberg

Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
Dennis Dahlberg Broker/RI/CEO

Try These 4 Options for Arizona Fix and Flip Loans

January 25, 2019Uncategorizedbigdaddydennis

Arizona Fix and Flip Loans are short-term loans that are used for purchasing and refurbishing a property before selling it for a profit. They come in a variety of forms and with a range of options; here are a few to get you started.

Cash out refinancing. A cash-out refinancing involves refinancing an existing property and using the cashed-out equity to pay for renovations. If there are any liens on the current property, they’ll need to be paid off before you can have access to the equity. Cash out refinancing loans are typically limited to 75 percent of the property’s LTV (loan to value ratio). This is a good option for people with a property that’s got a significant amount of equity.
Bridge loans. Bridge loans are exactly what they sound like — they’re designed to get you from one real estate transaction to the next. Let’s say you’ve got a property for sale and you plan to use the proceeds to buy your next flip. If an amazing deal comes along and you don’t have the cash flow, you might miss out on the opportunity. Instead, you could use a bridge loan to purchase the property, then pay it off once you’ve sold the first property.
Permanent bank loans. Most flippers wouldn’t think of doing a permanent bank loan for a fix and flip because the terms are generally too long. However, buy and hold investors who plan to fix the property over five years or more may benefit from this type of financing.
Hard Money Loans in Arizona. Hard money loans come from private investors and individuals, so they boast lower approval qualifications than any of the above options. They are also lightning fast — you can get the money in around 15 days — and they have much shorter terms, making them perfect for rehabbers who plan to refurbish and sell within a year.

Is a Hard Money Loan in Arizona Right for Your Fix and Flip?

As we detailed above, Hard Money Loans in Arizona’s are a fantastic option as Arizona Fix and Flip Loans because they offer ultra-fast approval, short loan terms, and less rigorous requirements than the bank. They also come with higher interest rates. This makes them ideal for flippers with at least a few projects under their belts or novice flippers who are working with an experienced contractor.

Where to Get a Fix and Flip Loan

Whether you’re ready to dive into your first flip or you’re off on your next real estate investment adventure, we offer Arizona Fix and Flip Loans that will work for you. Give us a call today!

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel: (623) 582-4444

Texas Tel: (512) 516-1177

Dennis@level4funding.com

Dennis Dahlberg Broker/RI/CEO