Are Arizona hard money loans the way to go when it comes to funding your dream business deal? Despite the little ads that appear saying “Stay away from this—you need to try . . .”, you owe it to yourself to check this funding out.

Times change and when you looked further into the matter—once these lenders had the worst reputation around, short of the loan shark in the old neighborhood. At least he was your uncle and had family connections. Now non-traditional lenders are up there with the regular ones, banker and mortgage firms who’ve been in the business for decades.

You remembered what had happened when you tried the conventional lenders and were pretty well turned down by every one of them. Thinking outside the box and living that way, too, while legal, didn’t seem to be a point in your favor. Having done your homework you had an answer when your cousin and best friend asked, “Well, what did you find out about the Arizona hard money loans?”

“Good things, a few things that bear thinking over,” you replied. “Those types of loans aren’t all bound up with restrictions and qualifiers in the same sense the traditional ones are. They focus mostly on applicants who have some credit issues, such as bankruptcy or a foreclosure, maybe a debt-to-income ratio that is out of balance. I’ve got that last one, but I just know buying that office building and fixing it up will help things because it will sell once it’s had some work done.”

“The people who handle these type loans are much more interested in your ability to pay them back the money they lend you than a lot of regulations. I will need collateral—I hate to put up the house, but it’s all I’ve got. My credit score is middling and I don’t have a steady job that pays every other week. Collateral is how these lenders get their money back in case the lender cannot pay off the loan.”

“The building is in a really good place and someone’s going to get it before I do if I don’t get that money,” you continued. “Arizona hard money loans can be applied for, processed and closed in as little as two to three weeks tops. Better still, I don’t have to produce every bit of business documentation in existence since my first job selling popcorn at the movie theater when I was 16. Waiting lost me a really good deal when I was dealing with that bank over in Milford. On the same day I was told that I didn’t qualify, I went by my-then-planned-for restaurant and there was a Sold sign on the door.”

“Are you going to go down there tomorrow?” Patrice asked. “I mean with all that going for you, what’s stopping you?”

“Well, nothing short of putting my house up really. The interest rates on these loans are higher than the traditional ones, but this funding has a flexible calendar and can gear the payments to your schedule. If you need a longer repayment term, that can be arranged, too.”

If you are interested in a Arizona hard money loan, do like I did, research carefully before making an appointment to see someone. Talk to an attorney. Look long and hard at your entire financial situation, past and present before moving ahead with any decision. It could be, like it was for me, one of the better moves you’ve ever made.

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:  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.

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