Category Archives: private money lender arizona

WHY YOU SHOULD WORK WITH AN ARIZONA PRIVATE MONEY LENDER








What is a private money lender? How can I benefit from one?

The definition of a Arizona private money lender is a non-institutional lender that issues short-term loans for the purchase and renovation of an investment property. These loans are secured by the borrower’s assets. An Arizona private money lender can be anyone from a family member to a private lending institution.

Private money lenders are commonly known as Arizona hard money lenders. These are considered the best types of lenders due to their reliability, costs, fees and loan terms.

The interest on a private money loan is an interest-only monthly payment. What that means is that throughout the repayment period the borrower pays only the interest accrued on the loan as their monthly payment. Then, at the end of the loan it is paid in full. Even though the interest rate will be higher than a conventional bank loan, the monthly payment may easily be less. Because of this many house flippers take out loans from private money lenders. In fact, short-term Fix-and-Flippers that want to buy, renovate and sell within 6 months to a year are great candidates for private money loans. Buy-and-Hold Investors looking to purchase and renovate a rental property, prior to refinancing with a conventional loan, also benefit from these loans. However, private money loans will fund a variety of properties such as apartments, condos, commercial real estate, and single family homes.

How do Arizona private money lenders work?

Traditional bank loan approval is based largely off a borrower’s FICO score, revenue stream and employment. Private money lenders are less concerned with your FICO score and more interested in your hard assets. This gives the lender security knowing if the borrower defaults they will be repaid.

After-rehab-value (ARV) and loan-to-value (LTV) are terms borrowers should familiarize themselves with. ARV is what the property will be worth once the renovations are complete. LTV describes the size of the loan you take out compared to the value of the property that is securing the loan. Private lenders will usually loan out an amount that is equal to a percent of a property’s LTV or ARV. Most commonly they will lend 90% of a property’s LTV and 80% of a property’s ARV. That being said, it is pretty common for private lenders to give loans based on ARV for a property in poor condition and a loan based on LTV in fair to good condition.

What to look for in an Arizona private lender.
  1. Interest rates and fees— Private money loan interest rates will vary. Typically, interest rates are somewhere around 8%-15%; lending fees around 1.5%-11%. Make sure you research and find the rates and fees that will work best in your situation.

  2. Experience— Lenders are proud of the years they have been in business and the amount of loans they have approved. Often this type of information is found on their websites. The more deals they have done equals more experience. Having experience on your side will make this process run more smoothly.

3.   Specialization: Private lenders frequently have a specific area of real estate

     they specialize in; this can be residential or commercial. You want to work

     with a lender that has experience in the property type you are financing.

Do your homework; find a lender that will work for you. It can be a scary step. But, once you familiarize yourself with the process it can make your dreams come true!



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

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701 

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

Private Money Lenders: Finding the Help that’s Right for You


shutterstock_144470392 smallPrivate money lenders can help take your real estate investment business to the next level. Learn what private money is the most basic sense, how these deal might work and some questions to ask yourself so you can find the help that’s right for your specific situation.

When compared to other types of financing, private money can offer you speed and flexibility. These lenders aren’t tangled in a web of bureaucratic guidelines like traditional banks. As private individuals they set their own rules about who qualifies for financing, how quickly a deal can close and how much a borrower needs to pay in terms of interest and fees. But what is private money exactly?

The simplest way to explain private money is that it’s anyone with the funds on hand to finance your project. There are three levels in the hierarchy of private lenders. The first level includes your friends and family and those closest to you. The next level might consist of your fellow real estate investors, coworkers or colleagues. The third level of private lenders includes accredited investors and hard money providers.

It is important to note that in the case of private money, some financiers might act more as investors instead of actual lenders and it is important to understand the implications.

When it comes to Private Money Lenders you need to know the differences between investors and actual lenders.

When it comes to private money, the first two levels in the hierarchy act more like individual investors rather than actual lenders. Basically, in these deals, the investor finances the purchase of your property upfront and then receives a percentage of the returns.

When it comes to the third level, hard money, these financiers act as lenders, in that they offer loans with preset interest rates and fixed terms. So how can you determine which type of private money provider is best for your specific situation?

With private money lenders ask yourself some questions to find the help thats right for you.

To determine which type of private money provider might be right for your next real estate investment deal ask yourself a few questions.

Does your real estate development project require more flexibility?  If so, then a direct private equity investor might offer you a better arrangement. If your worried that your next deal might suffer due to high vacancy rates or that it might sit awhile on the market, a private investor can offer you a bit of deference. An institutional lender will pretty much always expect you to make payments on your loan, regardless of your situation.

Or do you need a reliable source of financing immediately? Individual investors usually don’t have the funds on hand to fully finance your deal. If there is especially attractive investment property up for grabs, you can’t wait around on your rich uncle to liquidate his various assets in an effort to fund your loan. In these cases you’ll likely want funding right away so a hard money provider is likely your best bet.

Whichever type of lender you opt for, private money offers you flexibility and convenience when compared to more conventional financing.

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

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701 

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

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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What is hard money? Benefits of a Hard Money Loan.

What kind of Arizona Arduous Money do I would love?

There are two completely differing types of Arizona hard money that is obtainable to you. Every are exceptionally associated, nevertheless they each have completely totally different benefits to the borrower. The two kinds of Arizona hard money are Arduous money lender Arizona and private money lender Arizona. It is simple to get confused by the two, they’re every smart kinds of loans, nevertheless the following will make clear how they’re completely totally different.
It shouldn’t shock you to look out out that hard money lender Arizona and private money lender Arizona are every primarily based totally on property and have further to do with the true property you’ll want to put money into than collectively along with your credit score rating ranking. These are every moreover loans that are not monetary establishment affiliated, in order that they’re less complicated to amass than your standard monetary establishment loan.
However, hard money lender Arizona and private money lender Arizona do have some variations. 
For example, hard money lender Arizona happens to be a gaggle of people, whereas private money lender Arizona is just one explicit one who gives out the loan. Generally, with a private money lender Arizona, you acknowledge the person loaning you money, nevertheless that’s not always the case with the group of patrons in a hard money lender Arizona.

Every loans have quick turnaround no matter their higher fee of curiosity, nevertheless attributable to this quick turnaround, the speed of curiosity makes little to no distinction. The loans are moreover further versatile than your standard monetary establishment loans, significantly as soon as you utilize a private money lender Arizona.

Take into consideration quite a lot of these loans as you identify on rehabbing a property. It might make the entire distinction to your endeavor and stress you out far a lot much less inside the interim. Take into consideration the versatile and safe Arizona hard money loans. Whether or not or not you go private money lender Arizonaor hard money lender Arizona, you will be happy with the tip end result.
Dennis Dahlberg
Vendor/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

What is a Arizona hard money loan?

In case you’re wanting into private financing nonetheless you’re confused about what Arizona hard money means then you’ve got come to the acceptable place. You could say that the only choice to make clear what a hard money lender Arizona or a private money lender Arizona is could possibly be that they are every people who’ve entry to money that’s easier to get to than making use of for a monetary establishment loan. Their money is then used nearly fully for precise property. However, hard money lender Arizona is generally a gaggle of people whereas private money lender Arizona is just one specific particular person. Arizona hard money is often a pleasant selection for any individual who wouldn’t need a monetary establishment loan because of usually, you don’t have the loan prolonged adequate for the extreme curiosity to make a extremely large impression. Onerous money Arizona is sort of on a regular basis a short-term loan.
There are  three elementary the explanation why Arizona hard money is termed Arizona hard money and none of them have to deal with difficultly in buying the loan because of in fact, an Arizona hard money loan just isn’t robust to amass. In its place, it’s known as Arizona hard money for these causes:
  1. Bigger charges of curiosity, nonetheless you’ve got a fast turnaround time.
  2. Arizona hard money lenders determine what a property is worth in its most interesting state of affairs, nonetheless beneath some circumstances, will finance as a lot as 100 p.c.
  3. Onerous money lender Arizona gives money based on the value of the property nonetheless embody restore costs into the loan. That may be very in distinction to most typical lenders who do not embody the restore costs into the loan. Take into consideration this could be a good selection for a lot of who’re planning on rehabbing the property.
Take into account all of these good benefits as you ponder Arizona hard money in your subsequent rehab enterprise.
Dennis Dahlberg
Vendor/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