Category Archives: hard money lender phoenix

Hard Money Business Loans

Are you thinking about obtaining a hard money business loan? You might be surprised at the cost of the money.

Have you been turned down for a conventional business loan? Many people shy away from a hard money business loan because of higher interest rates and other fees that are locked into the loan. For short-term loans, however, they can be the saving grace in circumstances such as seasonal lows or when needed inventory is hard to come by. Many lenders also offer no prepayment penalties which can reduce the cost of the loan significantly. If you are a business that needs inventory or equipment or funds to hold you over until peak season, this could be the type of loan to consider.

If you are flush with hard assets, hard money business loans may not look at credit scores because these types of loans are often based on the collateral rather than credit ratings or other financial requirements. For lenders, there are fewer regulations but greater risks, which explains the increased interest rates. Almost anyone who has extra cash can offer hard money loans, so you should always research who you plan on doing business with.

You will need to offer up your assets to the lender. The lender will not loan one hundred percent of the value of the assets, rather up to 75%. If you have assets of $100,000, they may lend you $75,000. Interest rates vary widely so you might want to search out other lenders and compare interest rates before you agree to a loan. Almost totally determined by the collateral, usually commercial real estate, the loan-to-value is determined by the hard asset. In the case of a business, this could be equipment or receivables. Some business owners choose to use their home as collateral in order to obtain a hard money business loan.

Quick to Funding

Often quicker and easier, hard money loans give business owners a solution in a financial pinch when they cannot wait for the approval of a conventional loan process. If you have a poor credit score and lack the time to rebuild before launching your business, then you might want to consider these types of loans. You will need to weight the costs and benefits of this type of loan. Some of the advantages of this type of loan are, easy to apply for, easy to qualify for, and fast access to cash. Some of the disadvantages are the increase costs and risks you assume when financing a business.

Interest rates for these types of loans are slightly higher than traditional loans. For the lender, these types of loans are much riskier than traditional loans.

Since these loans are riskier than traditional loans, the interest rates you will pay could start at 12% and go all the way up to 29%. One drawback on these types of loans are that they are short term in nature and usually carry a balloon payment after 1 – 6 years. You will need to consider all your financing options before proceeding with the Hard Money Loan. Make sure you do your research before placing your signature of the line. Make sure the lender is honest and trustworthy. See if there are any complaints at the Better Business Bureau and read all reviews from past borrowers before you proceed. Make sure you help your business, not hurt it! At Level 4 Funding, we have worked with hundreds of businesses and offer rates as low as 7.99 percent with 90 percent LTV. Call us for a no-obligation quote.

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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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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