Category Archives: Hard Money Mortgage

Benefits of Using Hard Money Lenders

Still in search for funding for your Real Estate Investment Project? There is a tremendous amount of capital available in today’s market and hard money lenders are funding their share.

From hard money lenders, bank credit cards, lines of credit, private lenders, retirement funds and traditional bank loans, real estate investors are finding the capital they need for their next big project. Hard money loans have not always had fair press, though these types of loans have been a dependable way to fund deals for decades.

The funds come from a group of individuals or a single individual who lends on their own terms. They base their decision on the collateral of the deal. With traditional lending, if your credit score falls below a certain amount then it will be impossible for you to get funded, regardless of the circumstances. Because hard money lenders set their own criteria, they can often fund projects that have been denied by traditional banks. The higher risk is associated with somewhat higher interest rates. They also work quickly to get projects funded, usually within seven days or quicker. A few of the benefits of using Hard Money Lenders are:

1) Speed–Regardless of what your offer is the speed in which you can close is more important. Conventional loans can take up to 45 days to close and many conventional lenders have been burned on deals that never closed due to the lengthy closing time. When you place your offer, a seller may take a little less knowing that the property can close in 5 to 7 days.

2) Volume – Over the course of a year, closing time within a few weeks means a few more rehab projects which will generate greater returns to the bottom line.

3) Quality–With Hard Money in your corner, you can be assured that what needs to be done will be done correctly and you do not have to cut corners to save money. You will earn a better reputation for quality work and more projects.

Bigger Projects

Knowing that you have a hard money lender behind you can help you build up to bigger projects over time. You start with a single family unit and build up to multi-family and commercial properties. Looking at various projects you may or may not want to use a hard money lender. There might be some projects that a four percent interest rate will benefit you while some rehab projects demand the speed that hard money offers. The goal, eventually, is to build enough capital that you are able to fund projects yourself without any outside funding.

With hard money lenders behind you, you have the option to look at all projects that come your way.

The fees and interest rates for hard money loans can be higher, but the speed in which you can get a project funded may be worth the extra expense. In a short-term deal, this is a small price to pay to finish a rehab and flip the property. It is worth the relationship with a hard money lender as well as other financing options for choice on a project-by-project basis.

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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Tactics to secure a larger hard money loan: estimate the ARV

A hard money loan (i.e.,an asset-based loan) is any loan secured by the value of an underlying asset. Most of these lenders will only give loans of up to 65 percent of an assets market value.

But what if you intend to renovate a distressed property which is significantly undervalued at the time purchase? To secure more in the way of financing you need to understand what your property worth is after you’ve repaired it (the after repair value, or ARV).

Asset-based lenders could offer more financing if you can demonstrate the potential of a project. However, to explain a project’s potential you need to understand property valuations. Relying solely on appraisals will limit your understanding and wont serve you in the long run as a real-estate investor. Professional assessments are also expensive and time-consuming.

Your best bet is to develop your sense of what a property is worth by comparing your estimates with that of a licensed appraiser. Educating yourself this way will develop your understanding of property valuations. An excellent way to start training yourself when it comes to property values is to use the comparable sales method.

You can begin to estimate the ARV yourself by utilizing the comparable sales method, which could help you qualify for a larger hard money loan.

The first step is to assess your subject property, look at its location, what is the neighborhood like and what impact does this have on the properties value? Figure out the lot size and determine the condition of the exterior. Find out essential details about the property, its size in square feet and its amenities (i.e., Number of bedrooms and bathrooms).

Find 5 to 10 properties similar to your subject through local listings. Only consider properties that have sold within the last 3-6 months, are in the same location and have a similar size and similar amenities. It is crucial that you don’t look at distressed properties. Remember you are trying to determine your properties potential after you have made renovations.

After you have enough comparable properties, consider the ones that are the most similar and find the properties with the highest and lowest selling price to estimate a range of value for your subject property. These numbers will give you a sense of what the property will sell for after you make your repairs. With this understanding, you can thoughtfully discuss the potential of your renovation project with a lender and qualify for the best loan.

You can secure a larger hard money loan if you can explain the potential of your project

Even the most informed estimate of a properties value is only an educated guess. If you rely solely on appraisals, you aren’t building your knowledge of property valuations. Using a simple comparable sales method is an easy way to increase your understanding of property valuations and the after repair value of your property. Having this understanding builds your lenders confidence in your project and increases your eligibility for a larger loan.

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.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

How You Can Solve Your Commercial Loan Woes with the Help of Hard Money Lenders

If you can get a loan, you can catapult your business into the next echelon, so why not shoot for the stars? When you are having trouble getting your commercial loan approved, it might be time to seek the assistance of hard money lenders to get you the cash you need.

Whether you are a first time investor looking at purchasing a property or a new business owner that needs cash fast to get your business off the ground, commercial loans can be a godsend. However, sometimes as a first time borrower, traditional lenders might be a little skeptical of loaning funds. That’s when hard money lenders come in handy. Just when you think you might not be able to get a loan at all, you’ll see that they can help you make your business and investment dreams come true.

Just as with any loan situation, there will be challenges that arise along the road. You will need to be prepared to handle any situation by working closely with your hard money lenders to find a win-win solution. Sometimes it’s a matter of finding the right lender for the type of investment or business you have. Sometimes it’s a document or statement you’ll need to provide. Be flexible and patient, while the process can at times be frustrating, it’s important to have a lender you can trust to guide you through it all.

For investors and new business owners looking to purchase property, there are many types that these lenders specialize in like foreclosure properties, “fix and flips”, short sales, construction loans and land loans. These loans are also beneficial for business relocation that needs to happen fast as well as for borrowers that do not have the best credit score or history.

These lenders are very different than conventional bank lenders.

It’s important to know that dealing with conventional lenders are a totally different story – their application process is very detailed and often quite lengthy. There is a lot of bureaucracy and “red tape” that can be avoided with hard money lenders. If you’ve applied for this type of loan in the past, you know the road can be long and arduous. Luckily, that’s not the case with non-traditional lenders and alternative lenders offer many benefits – including an easier application process and quicker turn around time.

It starts with the right lender.

The lender is just as important as the loan itself. It becomes something of a partnership, so finding a lender you can rely on is very important. You will want to ensure they can guide you through the process but also won’t take advantage of you either. Ask around to see if business associates or friends can refer a great lender they’ve worked with in the past. Look for a local lender and don’t be shy about meeting with them and asking questions prior to agreeing to move forward. Once you find the right lender, the road to getting your loan will be much smoother!

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
clip_image002clip_image004clip_image006clip_image008

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.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Understanding the Benefits of Hard Money Lending in Arizona

Understanding some great benefits of hard money lending in Arizona
iStock_000004004971_Large.jpgWikipedia defines a hard money lender as “lending companies offering a specialised type of real-estate backed loan.” As a result of this reality, hard money lenders current short-term loans (additionally known as a bridge loan) that current funding primarily based totally on the value of precise property that has been collateralized for the loan. Arduous money lenders often have lots elevated charges of curiosity than banks because of they fund gives that do not conform to monetary establishment necessities, nevertheless in the long run, these gives are more likely to repay fairly extra.
Arizona has among the many highest foreclosures prices inside the nation, due to it’s immense sprawl. So hard money lenders Arizona are further important now than ever. It’s not potential to ignore that banks and big loan companies can’t current the equivalent benefits as private money lenders Arizona. A number of of those benefits embrace elevated, nevertheless further versatile loans and a technique to place your self comfortable on this robust financial system.
Just because hard money lenders will present a diffusion of requirements on the loan-to-value proportion, type of precise property and minimal loan measurement for a hard money loan doesn’t indicate the regularly Joe Schmoe can’t qualify. It’d be a minimal of helpful to look into the complete factor. Who’s conscious of, you’re extra more likely to uncover a wonderful bigger deal. Merely take note, there are quite a few varied sorts of hard money loans equal to restore and flip loans, improvement loans and bridge loans, Arizona land banking, Mezzanine financing, land acquisition and progress, land loans joint ventures and many further. The variability is solely to make sure your particular needs are met.

Dennis Dahlberg

Vendor/RI/CEO/MLO

Diploma 4 Funding LLC
Arizona Tel:  (623) 582-4444 

Arizona Tel:     (512) 516-1177 

www.setabay.com


NMLS 1057378 | AZMB 0923961 | MLO 1057378

22601 N 19th Ave Suite 112

Phoenix AZ 85027


 
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Is Arizona hard money good for first time investors?

hard money lender arizona
hard money lender arizona

As a main time investor, Arizona hard money might seem really difficult in any other case you is more likely to be really all for what it entails. Arizona hard money simply is not a normal Mortgage; it is not based mostly totally on a monetary establishment’s willpower nevertheless instead based mostly totally on the precise property property that you just wish to purchase.

Typically with Arizona hard money, chances are you’ll as effectively get quite extra money than you’d with a normal monetary establishment Mortgage. Usually Arizona hard money can present you as a lot as 100% of the value of the property you is perhaps borrowing in direction of. That is quite greater than an on a regular basis Mortgage issued out by a monetary establishment.

Since Arizona hard money comes from people instead of a typical lending institution, you’ve got some additional leeway. Personal money lender Arizona is an individual who factors you money. It could be from anyone you understand and even anyone you merely met who must spend money in your precise property endeavor. Within the meantime, hard money lender Arizona is a bunch of individuals, not just one particular person, who invests in your precise property property.

Whereas the speed of curiosity is approach elevated than a normal Mortgage, that isn’t one factor you even have to stress about with an Arizona hard money Mortgage on account of the turnaround goes by so shortly you acquired’t even have time to rack up curiosity.

It is good to know this stuff sooner than you start wanting into an Arizona hard money Mortgage or funding because you want to simply keep in mind to’re getting what you wanted out of the deal. An Arizona hard money Mortgage is good for anyone who must skip the hardship of the monetary establishment Mortgage paperwork and get correct into the enterprise of flipping property. Don’t be shy, first time investor or not, the time to look into Arizona hard money is definitely at current.

Private Hard Money Lender in Arizona
Huge Daddy Dennis Laborious Money Lender

Arizona Hard Money
Diploma 4 Funding LLC
22601 N 19th Ave Suite 112
Phoenix AZ 85027
623-582-4444

Less than perfect Credit Has a Chance With Arizona Hard Money

hard money lender arizona
hard money lender arizona

When you’re troubled by your decrease than good credit score rating and likewise you need some money to your property, then it’s more likely to be most interesting to begin out fascinated with some non-traditional Mortgage lenders. In case you will have heard of Arizona hard money Mortgages sooner than, nevertheless haven’t truly regarded into it, now may very well be undoubtedly the time.

Arizona hard money is in distinction to standard Mortgages in that these lenders will not ask you to reveal your whole credit score rating scores from the earlier six years. In its place, Arizona hard money Mortgages are based on the property that you just’re dealing with. There isn’t half as lots drawback or half as lots paperwork. All of the items is fast and easy. You probably can have your money lots sooner than what you’d with a traditional monetary establishment Mortgage.

Within the occasion you actually really feel akin to you is more likely to be confused between hard money lender Arizona and private money lender Arizona, don’t get flustered. Whereas these phrases are used fairly often interchangeably, there is a slight distinction.

Hard money lender Arizona is a gaggle of those who wish to spend money in your property with hard money Arizona. Within the meantime, private money lender Arizona is one one who must spend money in your property. You could know this particular person as they is more likely to be any person you’ve invested with sooner than, nevertheless there’s a threat they could merely be a model new investor all in favour of offering you together with your Arizona hard money. 

Whichever route you choose, you may be delighted that you just went the Arizona hard money method. That’s the best option to get the money you need before any sort of monetary establishment Mortgage and with out half of the paper work and even the difficulty. Say positive to Arizona hard money presently. It could merely be the proper issue you ever did for you, your checking account, and your property. Don’t hesitate to look into Arizona hard money correct this minute. 

Private Hard Money Lender in Arizona
Giant Daddy Dennis Arduous Money Lender

Arizona Hard Money
Diploma 4 Funding LLC
22601 N 19th Ave Suite 112
Phoenix AZ 85027
623-582-4444

What is a hard money Mortgage and do I need one?

hard money lender arizona
hard money lender arizona

Is your credit score rating considerably lack-luster? Do you want to you would possibly return in time sooner than the unhealthy financial system? All of us type of do. If in case you’ve gotten a property that you just need to flip or attempting to launch from foreclosures, then now may very well be the time to get a Mortgage. Nevertheless what within the occasion you possibly can’t endure standard channels? What if the banks fully acquired’t Mortgage to you? What within the occasion you glided by the hours of paper work and nonetheless didn’t qualify? Then Arizona hard money is certainly one factor for you.

If you need an investor who doesn’t care about your credit score rating ranking, then look no further. Arizona hard money isn’t about your credit score rating ranking. It’s about saving the property that you just actually need and turning into the proud proprietor of a revamped dwelling.  You will have the property you want collectively together with your Arizona hard money Mortgage.

Nevertheless what kind of Arizona hard money Mortgage would you want? There are two fully different types; hard money lender Arizona and private money lender Arizona.

What’s the excellence? Not loads, nonetheless we’re capable of endure it collectively.

Exhausting money lender Arizona is a gaggle of those that need to spend money on property. However, a private money lender Arizona is one specific one who’s attempting to spend money on the property. You could know the private money lender Arizona or it will merely be a model new investor you met who wants that may help you out. The one issue that points is that you just trust them.

Whereas these Arizona hard money Mortgages do have further curiosity than widespread Mortgages, the turnaround is so quick that you just don’t uncover is that loads. Save the property you want collectively together with your private money lender Arizona or hard money lender Arizona Mortgage. You and your property might be so comfy that you just did. 

Private Hard Money Lender in Arizona
Big Daddy Dennis Exhausting Money Lender

Arizona Hard Money
Diploma 4 Funding LLC
22601 N 19th Ave Suite 112
Phoenix AZ 85027
623-582-4444

Hard Money Lender Arizona is The Best Way To Get the Money You want

arizona hard money
arizona hard money

Many people are confused about Arizona hard money Mortgages, nonetheless they shouldn’t needs to be. Arizona hard money is a Mortgage the place the investor receives their financing merely based on the value of the property they’ve as an alternative of the traditional kind of monetary establishment Mortgage that is dependent upon the kind of credit score rating a person has. This may very well be a difficult Mortgage to accumulate for some varieties of people and that is the explanation Arizona hard money may very well be a really unbelievable issue.

Whereas charges of curiosity could be elevated with Arizona hard money versus different types of standard monetary establishment Mortgages, one ought to take into account that hard money lender Arizona and private money lender Arizona have very quick turnarounds almost about the Mortgages, so the higher charge of curiosity is barely even noticeable. In case you might be afraid of going into chapter 11 or a foreclosures, then the time is to not get into Arizona hard money and save the property that belongs to you.

It may well prevent the property otherwise you probably can revamp the property whereas using Arizona hard money. The time is now to get invested with a private money lender Arizona or a hard money lender Arizona. 

It is rather necessary take into account that should you’re having subject discovering a regular monetary establishment Mortgage to finance your property, there are totally different strategies. You could bypass the paper work and the hassle of a regular Mortgage and make good as soon as extra alongside along with your Arizona hard money Mortgage. These Arizona hard money Mortgages will protect your foreclosures at bay or present assist to flip the house you can have been desirous about for years. Don’t let your objectives escape you! Get your hard money lender Arizona as we converse and overlook regarding the standard lending circumstances that have you ever ever nervous. You might have all of the items you on a regular basis wished alongside along with your private money lender Arizona immediately.

 

Private Hard Money Lender in Arizona
Enormous Daddy Dennis Laborious Money Lender

Arizona Hard Money
Stage 4 Funding LLC
22601 N 19th Ave Suite 112
Phoenix AZ 85027
623-582-4444

How do I get a private money lender Arizona?

arizona hard money
arizona hard money

Private money lender Arizona could merely be the best issue that has ever occurred to your property wishes and desires. Banks usually is a giant bother because of they require loads of paper work and agonizing, one factor that isn’t gratifying for anyone.

That’s the place hard money Arizona is offered in. It’s money with out the hassle for you. With two completely totally different varieties; private money lender Arizona, which is one specific particular person you would possibly or couldn’t know giving out the Mortgage, say each an in depth pal or an investor who’s inside the type of property you is likely to be dealing with, or a hard money lender Arizona which is a gaggle of those that wish to put money into your property. Every will get you the money you want when you want it with none of the usual fussiness that you simply simply could get at a monetary establishment as soon as they ask you about points like your credit score rating ranking and what you want to do with the money for which you’re asking.

Skip the ache and skip the embarrassment of maybe getting turned down for a monetary establishment Mortgage. With hard money Arizona you have gotten all the devices it is important create the home you want.  Whereas the speed of curiosity may be a bit elevated, the turnaround is quick so there isn’t quite a bit to stress about.

Don’t even worry in regards to the banks. With a hard money Mortgage Arizona you get exactly what you want exactly if you would like it. No further worries and no further paper work. Merely get the money you want and seize the property that you simply simply want to restore up. You don’t have one thing to lose with a private money lender Arizona. Get the money you want when you want it with not one of the foremost annoyances that embody the monetary establishment. Good luck whereas wanting into hard money lender Arizona. 

Private Hard Money Lender in Arizona
Giant Daddy Dennis Arduous Money Lender

Arizona Hard Money
Stage 4 Funding LLC
22601 N 19th Ave Suite 112
Phoenix AZ 85027
623-582-4444

Arizona Hard Money Might Be the Choice for You

arizona hard money
arizona hard money

In case you might be looking for a technique to get the money you need for a property you might want to purchase, then Arizona hard money might be the right issue for you. Neglect the traditional monetary establishment Mortgage that will set off such aggravation. You don’t wish to attend spherical in your money or handle heavy paperwork. You can have your Arizona hard money shortly with out downside and with none annoyance monetary establishment may give you.

As banks tighten up their vaults, shoppers reminiscent of you truly miss out because of these banks aren’t eager to take the hazard. They should maintain their money, so even in case you do get a monetary establishment to give you a Mortgage, it is attainable you will not get the amount you want and even must make the acquisition that you just simply need on the property that you just simply have to each revamp or flat out buy. You shouldn’t have to be on the beck and title of the monetary establishment, you have to be succesful to get your Arizona hard money Mortgage and be in your means.

Arizona hard money does not actually require you to enroll with the monetary establishment. An Arizona hard money Mortgage is unbiased of banks and is likely to be distributed by each private money lender Arizona or hard money lender Arizona. They’re every associated types of Mortgages with just some variations. For one, private money lender Arizona is just a one particular person Mortgage. The one that provides you the Mortgage is likely to be any particular person that you just understand or it’d merely be a private investor who isn’t associated to a monetary establishment. Within the meantime, a hard money lender Arizona is a gaggle of those that have to make an funding. Whichever you choose, everyone knows that Arizona hard money will allow you get the property that you just really need correct now.

Private Hard Money Lender in Arizona
Large Daddy Dennis Onerous Money Lender

Arizona Hard Money
Diploma 4 Funding LLC
22601 N 19th Ave Suite 112
Phoenix AZ 85027
623-582-4444