Category Archives: hard money lender arizona

Top Situations where a hard money loan is best

A hard money loan is any loan secured by a “hard” asset (i.e., An Asset-based loan). This type of loan can be your best option especially if you need financing to construct a new facility, to renovate a distressed property or if you need to make a purchase quickly.

Asset-based loans are typically short-term loans and are more expensive than traditional financing. Because of this higher expense, it is easy to ask, who would want this type of funding in the first place?

An asset-based loan is especially useful for real-estate investors who are speculating on a quick turn around when it comes to their project. Traditional lenders avoid relying on this kind of speculation.An obvious example is a fix-and-flip project, banks avoid financing these projects because there is no guarantee of a profit and the borrower could default in the end. Traditional banks are also wary of construction loans because they have to rely on the borrowers assumptions and success isn’t guaranteed.

A hard money loan can be the help you need if you need to fund a renovation or construction project

There are other reasons to consider asset-based lenders for renovation or construction projects. Typically a bank raises funds for a mortgage by reselling it to a government agency like Fannie Mae or Freddie Mac. Banks won’t be able to resell any mortgage on a distressed property that falls short of FHA guidelines.Therefore a typical bank will likely deny your application if you are trying to renovate a distressed property. Asset-based lenders raise their funds from private investors and have money on hand, allowing them to see past the poor condition of any property you intend to rehabilitate.

The situation can become complicated if you finance your construction loan with an ordinary lender. Banks disperse construction loans according to a specific timetable and specific benchmarks. The lender could withhold funding if your projecting doesn’t go according to plan. This scenario could be a disaster and could leave you unable to pay your contractors or to continue your project. The regulations that stifle traditional banks don’t hamstring asset-based lenders so you can get increased flexibility when it comes the terms of a construction loan.

However, asset-based lenders outshine traditional banks when it comes to time-sensitive purchases.

When it comes to time-sensitive purchases, a hard money loan can be a win-win solution

A typical bank loan usually closes within 120 days, and the best investment properties don’t stay on the market for long. Even the most qualified borrower won’t see their application go through any faster because banks have to comply with their own guidelines and with government regulations.

Asset-based loans can close within a matter of days allowing you to complete a time-sensitive purchase. An asset-based loan gives you the flexibility to then refinance to a long-term mortgage, or to sell the property for a profit.

In short asset-based lenders are ideal for borrowers who know the potential of their project, who need flexibility or who need cash quickly to make the most of a potential investment.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Dennis@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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How to Finding Reputable Hard Money Lenders Can Benefit You

Do you wish you could find a trusted hard money lenders to help you obtain the funding you need to take your business to the next level? Level 4 Funding knows that when you need cash fast, not all lenders are created equal — here’s how to find the credible ones.

If you need cash and you need it fast, hard money lenders are your people — they can help you get the loan you need. This is beneficial for real estate investors to small business owners. Unfortunately, some of these lenders aren’t as professional and ethical as you would hope. It’s important to find a lender you can trust. So here are a few things to remember:

Getting a handle on exactly what hard money loans are is the first step. These loans can be defined as short-term loans in which you can get cash fairly quickly after the approval process — this can sometimes even be the same day as application approval. Next, when you are in search of a lender, it’s a good idea to look for one that specializes in your company’s field of has experience working with a similar type of company as your own. Always make sure the lender is licensed — and that he can prove it. It’s better to be safe than sorry. Take your time when selecting hard money lenders – meet with a few until you get a good feel for one that seems like they really believe in your dream and can help you obtain it via a loan.

When you meet with lenders, be sure to ask a lot of questions — including that what types of fees are associated with the loan, as well as terms and rates. Sometimes hidden fees can creep into the documentation, so be sure to review if carefully and even have a lawyer take a look as well.

Find out as much as you can about these loans — and these lenders — prior to meeting.

Research local hard money lenders in your area to make sure you find a reputable one to work with. Remember, it’s almost as if you are interviewing them for a position so there is no need to feel intimidated and you should take the upper hand by asking questions about their areas of expertise, their current and past project portfolio and anything else you want to ask that you feel would help you make an educated decision as to whether or not this is the right lender to work with.

Once you do find the right lender – it’s important to treat the relationship as a partnership.

So meet them halfway in the process, meaning find out what they need from you, in terms of financial documents, and more to make the application process as smooth as possible. Come prepared with your business plans, current credit report, any collateral you are prepared to put up to secure the loan, and other business or personal finance information. Remember that he is there to help you achieve your business dreams, but you’ll need to do some work too. When you work together and find out as much as possible about how you can obtain approval, you’ll be well on your way to your business’ next phase!

Dennis 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 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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Traditional Bank Loan or Arizona Hard Money Loan

You in all probability have noticed just lately that typical monetary establishment loans are getting an growing variety of robust to get on the subject of your precise property desires, you then aren’t alone. In actuality, based on paperwork alone, you’re looking at quite a few time wasted. It could be worth your time to look into Arizona hard money loans for the precise property investor.
This may sound difficult. Most people don’t even know that you’d be capable to get a loan with out a monetary establishment, nevertheless with Arizona hard money loans, you utterly can. And the amount of paperwork you don’t should do will utterly stun you. Banks made an infinite mess in the marketplace, giving loans to people who shouldn’t have them and now they’re really cracking down and making it really robust to get a loan in case your credit score rating just isn’t in tip-top type and that’s the place Arizona hard money loans can be found in.
Not will it’s essential to leap when the monetary establishment says leap, instead you can have the money you need correct when you need it. Ponder the types of Arizona hard money loans that you’d be capable to get. You have gotten Private money lender Arizona or you could have hard money lender Arizona. Every may enable you make the charge it’s advisable to get the property that you just really need. Whether or not or not you need to restore up a property in any other case you need to put some money down sooner than one other particular person buys the property, Arizona hard money may enable you get the money that you just need. You gained’t even should present your credit score rating ranking. 
Your private money lender Arizona or hard money lender Arizona wouldn’t ideas what it is. Your credit score rating ranking has nothing to do with the property you want the money for. Take the time to think about getting Arizona hard money in your subsequent funding.

Dennis Dahlberg
Seller/RI/CEO/MLO

Diploma 4 Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917

www.setabay.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112
Phoenix AZ 85027



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Why Get A Hard Money Loans?

Why Arizona Arduous Money Loans?

Usually, a loan that you simply simply get from the monetary establishment is based in your financial historic previous and your credit score rating ‘worthiness.’ This can be painstaking to the usual Arizona hard money borrower. To intently rely upon credit score rating for some implies that their loan will not be issued by a monetary establishment. When that happens, what are they to do? That’s the place Arizona hard money is on the market in.
With Arizona hard money it is rather a lot easier to amass a loan on account of it isn’t primarily based totally on the consumer’s earlier credit score rating ranking or debt. Instead it is primarily based totally on the value of the property they want to flip or buy. Whereas this may make the loan elevated in curiosity, the quick turnaround means this doesn’t make lots of a distinction and the Arizona hard money loan might very properly be correctly properly definitely worth the chance that it costs additional money. Significantly since Arizona hard money loans are very easy to amass than a traditional monetary establishment loan what with their paper work and prolonged wait to see within the occasion you even qualify- and in addition chances are you’ll not- so it might very properly be an infinite waste of time to even try.
Generally, Arizona hard money loans go to consumers who should snag a property fairly quickly for one trigger or one different and each need to not do a traditional loan or they’ll’t get a traditional loan.  People who need money quickly are the right candidates for Arizona hard money on account of the loan comes fast and should instantly flip someone’s financial situation spherical. That’s good whether it is advisable steer clear of foreclosures or in the event you want to snatch up a property fast.
With two types of Arizona hard money loans on the market; private money lender Arizona and hard money lender Arizona, a borrower positively has their decisions open. Each sort of Arizona hard money will get them once more on their ft and their property once more into their palms.
Dennis Dahlberg
Seller/RI/CEO/MLO
Stage 4 Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917

www.setabay.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112
Phoenix AZ 85027