Tag Archives: hard money loans

Give Me 30 Minutes and I’ll Tell You All the Secrets About Hard Money Loans

October 22, 2018Arizona hard money, Arizona hard money lender, Arizona hard money lenders, Arizona hard money loanhard money, hard money lender, hard money loans, hard money loans Arizonabigdaddydennis

You may have heard about Hard Money loans Arizona but still have some questions about how these types of loans can help you achieve your financial goals. Learn how hard money can help you get started with real estate investing as soon as today.

If you do not have the financial status or credit history required to get a loan from a broker at a traditional bank, hard money can be a better way to get a loan without have to choose a more traditional mortgage option. When you choose to opt for hard money, the property that you invest with is used to serve as collateral rather than through the upfront costs that are associated with a mortgage. If you are hoping to achieve a loan quickly and do not have a good credit score, hard money may be your best option.

Getting approved for a loan from hard money does not require the same financial status as a more traditional approach. Lenders from a bank will analyze your credit score before deciding if you are the right candidate for a loan. When you choose hard money, you only need to show that you are able to repay the loan. This makes the process of getting approved for your loan must more fast than the approval process at a bank. If you are trying to begin investing in real estate as quickly as possible, Hard Money loans Arizona are a great solution.

Hard Money loans Arizona are great due to their:

Speed: Quickly get approved for your loan and avoid the long process of a bank.

Approval Ratings: Be eligible to receive a loan even if you do not have a good credit score or have established a positive line of credit before.

Opportunity for Advancement: Networking with hard money lenders can open more doors for you to achieve further real estate and investment goals.

How Do I Know If Hard Money loans Arizona are Best for Me?

If you are looking to get a loan quickly and do not have a good credit score, hard money is your best choice. This type of loan is also much more flexible than other options and can have terms that work with your budget or financial goals. With more opportunities for approval, hard money can give you opportunities that traditional lenders would otherwise refuse.

With any new business venture or investment, it is important to weigh all of the facts into consideration so that you can make the best financial decision for you or your business.

Finding the right lender is as easy as attending a networking event or reaching out to private brokers in your area. With looser options for approval regardless of your poor credit, hard money makes it possible to begin investing in real estate as soon as possible. The real estate industry is a thriving business venture that can help you achieve financial prosperity and begin turning around your poor credit quickly.

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

How to Get Arizona Business Loans with Rotten Credit

October 14, 2018Arizona Business Loans, Arizona commercial loan, Arizona hard money, Arizona hard money lenders, Arizona Investment PropertyArizona business loan, arizona business loans, hard money lender, Hard Money Lenders, hard money loansbigdaddydennis

Getting Arizona Business Loans when your company is growing can be difficult to begin with, but those without excellent credit scores face additional challenges. Thankfully, lack of cash on hand doesn’t have to halt your plans, provided you know where to look.

Credit Cards: Although few would consider credit cards to be the ideal choice, they can work if you’re trying to bridge a gap and have confidence your revenue will continue to grow. Without being able to demonstrate your business is solid, lenders will typically expect you to get cards in your name instead of the business name. Poor personal credit may give them reason to pause, but oftentimes there are options with higher interest rates or annual fees that can be tapped into. Use these sparingly and pay off the balances ASAP, so they improve your credit and you can apply for more favorable terms in the future.

Factoring: Technically, invoice factoring isn’t a form of lending, but it can help you bring in cash faster if your inflows are sluggish and you’re missing payments by a small margin. It works well if you send out invoices to clients for work completed or goods delivered, but your clients sometimes take too long to pay. When you work with a factoring company, they purchase the invoices from you and pay right away. Then, your clients pay them. Factoring companies aren’t overly concerned with your credit, but they will only buy select invoices from you when the person who owes you has good credit.

Collateralized Business Loans: One of the more popular ways to go is to obtain collateralized Arizona business loans. In these cases, you’ll offer an asset or assets as collateral, giving the lender confidence that they have recourse even if you don’t make good on your payments. These are easier to obtain as well because the lenders aren’t worried about your credit score quite as much; they’re looking at the value of the asset more. Some lenders will accept land, inventory, or equipment as collateral, though most prefer to use the business owner’s home. Terms vary, but you can sometimes get up to 90% of the value of your asset, which makes this a good choice if you require a large lump sum for startup costs, equipment, real estate, or to cover a surge in growth.

How Can I Tell Which Options I’ll Qualify For?

Applying for financing repeatedly can damage your credit too, so it’s not wise to apply for everything all at once. That’s because lenders will typically assume you may well get all the credit you’ve applied for, and if you do, the chances are slim you’ll pay them. Instead, you have to make an educated guess as to which options will fit your needs and then inquire what each lender is looking for. Do a little research before you apply to ensure credit checks aren’t being done when you aren’t likely to be approved.

If You Own a Home, Collateralized Arizona Business Loans Can Supercharge Your Company

Various forms of lending exist because people and businesses have unique needs. If your credit isn’t good, but you own your home, a collateralized option can put a substantial amount of cash in your hands now, so you can grow your business and thrive.

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.

How Lines of Credit Work with Arizona Commercial Loans

October 14, 2018Arizona Business Loans, Arizona commercial loan, Arizona hard money lender, Arizona hard money lenders, Arizona hard money loan, Arizona line of creditArizona commercial loan, arizona commercial loans, Arizona line of credit, Hard Money Lenders, hard money loansbigdaddydennis

Commercial lines of credit are very popular with the small business financing of today—and are the most misunderstood. Here, then, are some of the basic facts that can help you decide if this type of Arizona Commercial Loan is right for your small business.

A line of credit allows a company to draw on a predetermined amount of money. To access the funds, the company just needs to draw on the line. Every time you draw on the line, you are reducing the amount of funds you can draw from. The inverse is that you can pay down the line of credit at any time, thus increasing the available funds to draw from. A conventional credit card works much like a revolving line of credit.

When getting the Arizona line of credit, the bank restricts the use of the funds. Since it is a Arizona commercial loan, the funds can only be used for business purposes. Your company can use these funds to cover short term needs such as paying suppliers, covering payroll, and other corporate expenses.

Just like all types of lines of credit, there is an associated cost. The costs vary depending on the size and risk of the line, and the fees are based on the outstanding balance. There are additional fees such as availability and maintenance fees. These fees vary by bank. Most banks require that the full balance of the line of credit be paid down in full once a year.

Lines of Credit: Secured and Unsecured

Secured Lines

Both corporate and personal collateral can be used for this type of line of credit. These assets will be used to secure the repayment of the line of credit. If the business owner defaults, the bank will foreclose on the assets to pay off the loan. Various types of assets can be used such as account receivables, inventory, cash, machinery, securities, certificates of deposits and real estate. The pleaded assets will be secured by the bank filing a UCC.

Unsecured Lines

This type of line of credit does not required collateral such as outlined above. The unsecured line of credit will be personally guaranteed by the business and often includes a personal guarantee by the business owner. In the case of a default, the bank will sue the business owner personally as well as the company.

When applying for a Arizona commercial loan, the bank will examine the company’s income statement (P & L and Balance Sheets). These reports will help the bank determine if you can repay the loan.

Most banks will want to review two years of financial reports. The bank wants to see two years of operating profits. The bank also wants to see assets on the balance sheet such as accounts receivable, machinery, inventory and real estate. This requirement varies by bank. The line of credit based on these assets runs around 50% of the net value of the asset such as the machinery after depreciation.

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 Lenders

October 14, 2018Arizona Bridge Loan, Arizona hard money, Arizona hard money lender, Arizona hard money lenders, Arizona hard money loanarizona hard money lenders, Arizona hard money loans, hard money, Hard Money Lenders, hard money loans, owner occupied hard money loansbigdaddydennis

You may be surprised to find out that owner-occupied hard money lenders offer loans for primary residences. Find out the specific situations where you can benefit from these types of loans.

Are you in a circumstance where you are being denied a residential mortgage? There are many circumstances when a borrower is denied this type of mortgage from both credit unions and banks. When the person seeking a loan has little or no alternatives, they will often turn to a residential hard money lender to obtain a mortgage on the borrower’s primary residence. Some of the reasons a borrower may turn to this type of lender are:

The borrower has bad or poor credit

If the borrower has had a recent loan modification, foreclosure, short sale or bankruptcy

If the borrower has two years or less of current employment

If the borrower is self-employed

A bridge loan is needed by the borrower for a primary residence

In some instances, a borrower goes through the approval process with a conventional residential mortgage lender, and the lender is not able to perform while in escrow. The borrower then searches for a private owner-occupied hard money lender to secure financing through. The lender is able to provide fast approval and funding which will help prevent the borrower from losing the property they have a contract on. Once the escrow closes, the property is secured, and the borrower can refinance with a conventional mortgage company.

Why Arizona Owner-Occupied Hard Money Lenders are Few and Far Between

Most owner-occupied hard money lenders will not consider lending for your primary residences because:

Additional documentation is required

The lender is required to obtain additional licensing

Regulators will exert firmer regulations

The time to fund the loan increases since there are mandatory recession periods

Investment loans have far greater lender risks than owner occupied mortgages

Arizona Owner-occupied hard money lenders are subject to Federal regulations. Some of these regulations consider Dodd-Frank. The Dodd-Frank act requires the lender to verify the borrower’s income and expenses. Paystubs, tax returns and W2’s are ways the borrower can verify their income. Debt to income (DTI) must be kept under certain levels by the borrowers. Car payments, other mortgages, credit card payments and other debts will be considered. Also included in this ratio will be the new mortgage obligations, (taxes, mortgage payment and insurance).

The owner-occupied Arizona hard money loans are intended for short term use, generally three to five years. Most lenders will require the borrower to have a plan in place to obtain long term financing.

A hard money loan can offer borrowers with credit issues time to repair their credit report—and not lose their chosen property. Others may be postponing obtaining a conventional loan until the mandatory waiting period for negative credit events has passed. These events may include short sale, bankruptcy, loan modification or foreclosure. If the borrower’s property has enough equity and there currently is a first (1st) mortgage and the borrower does not qualify for a conventional second (2nd) mortgage, then the borrower can consider a hard money lender. This may be a prudent decision if the proceeds of the second mortgage is used to pay off high interest rate credit cards or pay down other high interest debt.

A Borrower’s Guide to Arizona Business Loans

October 13, 2018Arizona Bridge Loan, Arizona Business Loans, Arizona commerial loans, Arizona hard money lender, Arizona hard money lenders, Arizona hard money loanArizona business loan, arizona business loans, business loans, hard money, Hard Money Lenders, hard money loansbigdaddydennis

There are several different types of loans suitable for businesses. Make sure you know the difference between each one before choosing your next Arizona business loans.

If you are running a business, you may find yourself in need of working capital, new equipment, or additional inventory. A business loan specifically for one of these needs may be your best bet when it comes to continued success or hanging in there during the slow season. There are an assortment of Arizona business loans to choose from including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans, business cash advances and cash flow loans.

Bank loan: Just as the name indicates, the originator of this type of loan is a bank. The loan may or may not be a secured loan. A secured loan requires approved collateral. If payments are not made, then the collateral will be kept and usually sold. An unsecured loan is, just as the name states, one in which there is no requirement to pledge collateral to obtain the loan. Before making an unsecured loan, a bank may want to see the borrower’s business accounts, balance sheet and business plan, the principal’s background, and credit histories.

SBA Loans: The Small Business Administration is a government agency that offers guaranteed backed loans through your local bank. The SBA (a) includes both a standard and express loan approval process.

Mezzanine finance: Mezzanine financing effectively secures a company’s debt on its equity, allowing the lender to claim part-ownership if the loan is not paid back in full and on time. The loan is made with collateral. Dilution of the debtor’s equity occurs in a default situation.

Asset-Based Finance: If you are lacking the credit rating or track record to qualify, this type of financing has become a very popular choice. The lender focuses on the borrower’s assets instead of their credit rating. Various assets are considered including the premises, plant, stock, or receivables.

Invoice Finance (factoring): An alternative to conventional financing, this type of lending requires the borrowing at a discounted amount of the invoices. Once established, you will be able to obtain funds as soon as a new invoice is created. This may not be the best option for your business. There may be a negative view by customers, and the lender will take ownership over the businesses’ invoices until the loan is paid.

Microloans: These Arizona business loans are for amounts of $100,000 or less. Alternative lenders are more likely to make these types of loans than traditional banks. If the traditional bank makes this type of loan, it is made based on the individual personal credit score than the business credit score.

Checking out Online Lenders

A number of online lenders have begun popping up on the World-Wide-Web. Since 2014, $12 billion dollars have been made. Since 2000, non-bank online lenders have doubled their outstanding portfolio balance each year. Another option is crowdfunding—an option that allows businesses to raise capital from a wide variety of sources.

Personal guarantees are usually required if you own a certain percentage of the business.

If you are an owner of 20% or more of a business, most lenders will require a personal guarantee. This allows the lender to collect on a Arizona business loan in the event of a default. In most cases, as a personal guarantor, you will need a strong personal credit score.

Things to Consider When Obtaining Hard Money Loans

October 12, 2018Arizona hard money, Arizona hard money lenders, Arizona hard money loanarizona hard money lenders, Arizona hard money loans, hard money, Hard Money Lenders, hard money loansbigdaddydennis

Are you wondering what Arizona hard money loans are and where they fit into your investment strategy? Here are the basics of these types of loans and what they can do for you as an investor.

This type of loan is an asset-based loan. The borrower wishes to secure a loan backed by real property. Private investors and companies are typical issuers of these loans. Unlike banks, Arizona hard money loans can carry higher interest rates. These interest rates are higher than a convention real estate loan because of the higher risk and the duration of the loan which is shorter than conventional real estate loans.

People using Arizona hard money loans are usually looking for funding for projects lasting from a few months to a few years. The criteria for lending and borrower costs are similar to bridge loans. In fact, many hard money lenders specialize in bridge loans. Bridge loans are used for properties that are in transition and may not be able to qualify for traditional financing. An example of a bridge loan is when a home buyer finds a new home they’d like to buy before their old home, which is on the market, sells.

Many hard money lenders will lend 65% to 75% of the current property value. The amount of the loan is determined by the loan to value or LTV. It is figured by the ratio of the loan amount divided by the value of the property. Arizona hard money loans are mainly used for commercial property. These types of loans first started in the 1950s and have been growing in popularity.

Although mostly unregulated by state and federal laws, some restrictions on interest rates by states, commonly known as usury laws, prohibit hard money loans. Two of these states are Tennessee and Arkansas.

Federal Guidelines

Since the 2009 mortgage crisis and the passing of the Dodd-Frank Act, these loan programs have greatly expanded. This is in part due to the strict regulations that were put on banks and lenders after the passing of this act. Truth in Lending and Dodd-Frank set out Federal guidelines for lenders, mortgage originators, and mortgage brokers requiring them to evaluate the borrower’s ability to repay the loan. The ability to repay the loan is on the borrower’s primary residences. If the lender does not conduct the proper due diligence, they are faced with high fines for non-compliance. Hard money lenders mostly lend on commercial loans or business purposes so that they can avoid non-compliance with TILA, HOEPA and Dodd-Frank guidelines.

Before any offer of financing, the lender will want to determine the LTV (loan to value). The basis for the loan is the liquidation value of the collateral.

A BPO (Broker Price Opinion) or an independent appraisal by a licensed appraiser in the state that the property is located in, will value the property. Typical hard money loan interest rates range from 10% to 18%. Despite these rates, investors often turn to them due to quick loan approvals, high flexibility, less documentation than conventional lenders, and offering the ability to put a bid on a property that may go quickly after hitting the market.

What You Need to Know If You Are New to Investment Property Financing

October 12, 2018Arizona commerial loans, Arizona hard money, Arizona hard money Mortgage, Arizona Investment Propertyarizona investment property, arizona investment property financing, hard money lender, Hard Money Lenders, hard money loansbigdaddydennis

If you think that obtaining investment property financing will be as easy as getting your home mortgage, think again. Prepare for funding your first investment property with these tips.

The default rates for borrowers on investment property loans is higher than home mortgages. Because of this, lenders require higher down payments and rely on strict underwriting for Arizona Investment property financing. This means that, if you’re purchasing an investment property, be prepared to put down at least 20 percent of the purchase price. There are, however, exceptions and percentage rates are often based on the type of property. For instance, anywhere from 25 to 40 percent may be required for multi-unit properties.

The advantage of a commercial loan is that the borrower is not required to carry mortgage insurance. Conventional loan programs allow 80% LTV and, for investment properties, this is a best-case scenario. You will also want to explore crowdfunding websites for real estate. While these tend to be more expensive, they are often more flexible than conventional loans. Before entering into an investment property, you should have at least three months payments as reserves.

Both interest rates and upfront lender fees are higher than conventional mortgage lenders. Lenders advertise that their rates will be 0.25% to 0.5% higher than their homeowner loans. You should expect 1 to 3% points higher than owner occupied loan rates. If the lender charges 4% interest for their homeowner loans, you can guestimate an interest rate of 5%-7% for investor loans.

In addition to the interest rates, you will be charged up front points for a mortgage loan. One-point equals one percent of the total amount of the loan. You can see how these fees add up quickly. Make sure you have reviewed your credit report and credit score. If your credit score is below 740, you will have higher interest rates, higher lender fees, and lower LTVs for your investment property. If you have a mid-level score, then a conventional loan may not be an option. However, the collectable (property) is reviewed more than you as a borrower. As we mentioned earlier, homeowners are far less likely to default than investors. Lenders have built in loan programs with lower LTVs as caution to default.

The Effects of Multiple Mortgages on Investment Property Financing

If you are carrying multiple mortgages on your credit report, your options are dwindling. Once you hit the threshold of four mortgages on your credit report, you may be untouchable by conventional lenders. Fannie May has established a program to help investors that allows 5 to 10 mortgages. Fannie May’s program requires 6 months payments in liquid reserves at the time of settlement. The program requires 30% down for 2 to 4 units and 25% down for single family homes. You are persona non-grata if there are any foreclosures or bankruptcies or late mortgage payments. You will need a credit score no less than 720+ if you have 6 or more mortgages.

If you have 10 or more properties, you have slim options. A good starting place is community banks. Blanket loans issued by commercial lenders are secured against multiple properties. Be sure to ask what happens if you want to sell a property in the package.

Hard money lenders are an option that many investors turn to.

Level 4 Funding solves Arizona investment property financing issues while offering the lowest possible rate term. Real estate investing has made millions of individuals millionaires. Don’t hesitate because you are unsure of your investment worthiness. Call us today for a no-obligation quote.

Do You Wish You Could Retire Early? Arizona Real Estate Lines of Credit Can Help!

October 12, 2018Arizona commerial loans, Arizona hard money lenders, Arizona hard money loan, Arizona Investment Propertyarizona real estate investing, Arizona real estate lines of credit, hard money, Hard Money Lenders, hard money loansbigdaddydennis

Arizona Real Estate Lines of Credit or investment property lines of credit can be the perfect financing option for you and your financial needs. Learn how these lines of credit can expand your horizons and change your life for better.

Are you stuck in a job that you hate? Have you missed holidays, family vacations, important events in your life, or another significant time just because you had to work? Don’t be chained to your job forever and start making money today through real estate investing. By building up Arizona real estate lines of credit, you will be well on your way to achieving that goal of an early retirement so that you can get back to doing the activities that you enjoy and spending more time with the people you love.

What is this type of credit? Well, when an investor is beginning to purchase different properties, they will begin to build up a portfolio of all of these items. In most cases, lenders will allow a single line of credit per the property that is invested in. So, building up this line of credit simply mean investing in multiple real estate ventures!

You CAN make real money investing in real estate. These Arizona lines of credit will give you the opportunity to do a variety of things in the real estate world from purchasing homes to flipping houses. You’ll have the freedom to purchase items wholesale or hold a property for a period of time.

Get started with commercial real estate loans or, if you suffer from a poor credit score, choose a different lending opportunity. That’s right – even if you have a low credit score, you still can make money investing in real estate. Whether it’s through a hard money lender or a different private lending opportunity, there are plenty of ways a person with a low credit score can obtain a loan even with absolutely no collateral held against them. Stop making excuses for yourself. The time to start investing in real estate is right now.

How Will You Enjoy an Early Retirement?

We spend most of our lives at our place of business rather than spending valuable time with the people that we love and cherish most. Don’t be part of this routine and demand something better for yourself. Through real estate investing, you can have the opportunity to achieve your financial goals and retire much earlier so that you can get back to living the best life possible.

Establish a strong financial future today so that you can have the freedom to do the activities you enjoy and reach the opportunity to retire as early as possible.

Are you making excuses for yourself? Hopefully this guide shows you that there are absolutely no excuses for not investing in real estate right now. Bad credit? No problem! No collateral? No problem! There are plenty of lending opportunities available so that you can start building up these lines of credit today and be well on your way to an early retirement.

How to Find Arizona investment property loans Even With Rotten Credit

October 12, 2018Arizona bad credit home loans, Arizona Business Loans, Arizona commerial loans, Arizona hard money, Hard Money Lenders, Hard Money Loanarizona investment property, arizona investment property loans, arizona investment property loans with bad credit, bad credit loans, Hard Money Lenders, hard money loansbigdaddydennis

Are you looking to invest in property but do not have high enough of a credit score to do so? Don’t let poor credit prevent you from following your dreams and learn how to find the perfect lending opportunities for your business or company.

A bad credit score or poor credit rating does not have to completely define you or your Arizona Business Loans. Investing in real estate is a real possibility even for individuals that are suffering for a low credit rating. Don’t sit around waiting for your score to rise before jumping on your business goals. Build you credit score up and achieve your financial goals by finding Arizona investment property loans that are available even for individuals with low credit ratings.

Arizona hard money loans – A hard money lender is a valid option for many individuals seeking a lending opportunity and that also have a poor credit rating. Since Arizona hard money lenders are private lenders, they do not work with banks. This means that you can develop a personal relationship with a lender rather than having your credit score speak for you.

Private Money Lenders – There are a variety of businesses eager to invest in the goals of smaller companies or businesses! Networking with business leaders in your area could help you find private money lending opportunities in your area. These opportunities could work with you without having to worry about your lower credit rating get in the way.

Business Partners – If you can’t acquire a loan on your own, finding a business partner may be a helpful solution. A business partner can help you find opportunities, such as Arizona investment property loans, and assist you with the funds or credit rating needed to go after your goals.

Remember that you CAN achieve your business dreams regardless of a lower credit rating! Don’t let a poor credit score get between you and your business goals. Go after you dreams by making smart business decisions and define a brighter future for yourself. Stamina and persistence is key to finding a successful lending opportunity even when you currently have a lower credit score.

Find Loan Opportunities Near You Even with a Poor Credit Rating

Even if you have a lower credit rating, you can still go after your business goals. There is no reason you cannot start pursuing your business dreams today even if you currently have a lower credit rating. There are plenty of lending opportunities available for individuals with a lower credit rating available. The trick is finding these opportunities and using them to achieve your goals!

A poor credit score should never mean giving up on your financial dreams or goals since there are a variety of different lending opportunities available for individuals of a variety of different financial levels.

Regardless of your financial situation, it is still possible to pursue your financial dreams and seek profitable investment opportunities. Have confidence and know that with the proper dedication you can find lending opportunities even with a lower credit score.

Try These 5 Tactics to Find the Best Arizona hard money lenders

October 11, 2018Arizona hard money, Arizona hard money lender, Arizona hard money lenders, Arizona hard money loanArizona hard, arizona hard money lenders, hard money, Hard Money Lenders, hard money loansbigdaddydennis

Unlike receiving a loan through a traditional bank, obtaining your loan through Arizona hard money lenders allows you to develop personal relationships and network for further business opportunities. Learn how to find the perfect lenders for your needs and how to establish personal bonds that may help grow your financial future.

If you are looking to obtain a loan quickly so that you can get a jump on an upcoming business venture, hard money may be the perfect solution for you and your company. Now that you have deciding to pursue a hard money loan, it is crucial that you find the perfect private lender for the needs of you and your company. These five strategies can be used to find an ideal hard money lender to help you achieve your business goals:

Consider the interest rates or points. A hard money lender is taking more of a risk than any bank would by granting you a loan opportunity. This means that Arizona hard money lenders often must charge a higher interest rate on their loan. Compare the rates of various lenders and secure a loan that has rates that accommodate the limitations of your budget.

Determine the value of your loan. Due to increase interest rates, consider the actual value of the loan. Consider of the interest rate still makes the hard money loan a worthwhile business opportunity. This will most likely vary from lender to lender.

Find a lender you feel comfortable with. Dealing with private lenders is much different than operating with a bank. Due to the unique nature of hard money loans, it is important to choose a lender you feel comfortable communicating with. Remember that this is a professional relationship.

Check the past history of your lender. Choose a lender that is reputable and trustworthy throughout the community to avoid any challenges with your potential lender.

Contact lenders near you or attend opportunities to network. Do everything you can to get the name of your business out there and always carry yourself with a professional rapport. You never know when a lending opportunity may arise and it is important to look for these opportunities even in unlikely places.

Secure Your Financial Future By Developing Strong Relationships With Private Investors

A hard money loan can open many doors for you and your business. When you are hoping to quickly obtain a loan, hard money is often an ideal solution. It is important to develop positive relationships with lenders so that you can potentially be led to more investment opportunities in the future.

Networking skills and getting the name of your business out to a variety of different investors will allow you to connect with more private lenders that may want to invest in your business or company.

Since you never know when a lending opportunity may arise, it is important to carry yourself with professionalism. Network and don’t be afraid to reach out to various members of the business community in your respective area to find the perfect lending opportunities near you.

Fix and Flip

News and Information on buying, fixing and selling homes for a profit

Tag Archives: hard money loans

Give Me 30 Minutes and I’ll Tell You All the Secrets About Hard Money Loans

You may have heard about Hard Money loans Arizona but still have some questions about how these types of loans can help you achieve your financial goals. Learn how hard money can help you get started with real estate investing as soon as today.

How Do I Know If Hard Money loans Arizona are Best for Me?

With any new business venture or investment, it is important to weigh all of the facts into consideration so that you can make the best financial decision for you or your business.

How to Get Arizona Business Loans with Rotten Credit

Getting Arizona Business Loans when your company is growing can be difficult to begin with, but those without excellent credit scores face additional challenges. Thankfully, lack of cash on hand doesn’t have to halt your plans, provided you know where to look.

How Can I Tell Which Options I’ll Qualify For?

If You Own a Home, Collateralized Arizona Business Loans Can Supercharge Your Company

How Lines of Credit Work with Arizona Commercial Loans

Commercial lines of credit are very popular with the small business financing of today—and are the most misunderstood. Here, then, are some of the basic facts that can help you decide if this type of Arizona Commercial Loan is right for your small business.

Lines of Credit: Secured and Unsecured

Owner Occupied Hard Money Lenders

You may be surprised to find out that owner-occupied hard money lenders offer loans for primary residences. Find out the specific situations where you can benefit from these types of loans.

Why Arizona Owner-Occupied Hard Money Lenders are Few and Far Between

A Borrower’s Guide to Arizona Business Loans

There are several different types of loans suitable for businesses. Make sure you know the difference between each one before choosing your next Arizona business loans.

Things to Consider When Obtaining Hard Money Loans

Are you wondering what Arizona hard money loans are and where they fit into your investment strategy? Here are the basics of these types of loans and what they can do for you as an investor.

Federal Guidelines

Before any offer of financing, the lender will want to determine the LTV (loan to value). The basis for the loan is the liquidation value of the collateral.

What You Need to Know If You Are New to Investment Property Financing

If you think that obtaining investment property financing will be as easy as getting your home mortgage, think again. Prepare for funding your first investment property with these tips.

The Effects of Multiple Mortgages on Investment Property Financing

Hard money lenders are an option that many investors turn to.

Do You Wish You Could Retire Early? Arizona Real Estate Lines of Credit Can Help!

How Will You Enjoy an Early Retirement?

Establish a strong financial future today so that you can have the freedom to do the activities you enjoy and reach the opportunity to retire as early as possible.

How to Find Arizona investment property loans Even With Rotten Credit

Find Loan Opportunities Near You Even with a Poor Credit Rating

A poor credit score should never mean giving up on your financial dreams or goals since there are a variety of different lending opportunities available for individuals of a variety of different financial levels.

Try These 5 Tactics to Find the Best Arizona hard money lenders

Secure Your Financial Future By Developing Strong Relationships With Private Investors

Networking skills and getting the name of your business out to a variety of different investors will allow you to connect with more private lenders that may want to invest in your business or company.