Arizona Hard Money Lenders: What Can They Do For Your Financing Needs?

There are a ton of people out there saying they are the best lender, can get you financed no matter what, would love to work with you … but which one is really best for you? Know the details surrounding these lenders as well as the traditional financiers before you go further.

After a period where the term ‘Arizona Hard Money Lender’ was used to describe an individual whom you dealt out of desperation or not at all due to a few persons whose methods darkened everyone’s reputation, the good news is that today’s lenders who specialize in these type of loans rank up there with other well known respectable traditional lenders. They simply work from a different perspective and utilize methods that may be easier for your individual financing needs.

This type loan, obtained through private investors or independent companies, is basically one where the borrower gets his/her funding and it is secured by real property value—something the customer already owns or is acquiring. The borrower will have to provide a well-written schematic describing their plans for the property and how they intend to repay the funding received. Terms can range from twelve months up to five years; the customer normally pays interest and a portion of principal every month and a balloon payment at the end of the term.

What are the advantages of using these types of loans?

As per the usual, Arizona Hard Money Loans are designed to aid borrowers who happen to have issues that cannot be resolved by using conventional lenders. Self-employed persons as a rule generally have more difficulty obtaining a loan than those with a 9-5 job and a steady company-dispensed income. A recent foreclosure or any other credit glitch makes things difficult, if not impossible, in the traditional route as well. Banks and mortgage companies also take a long period of time to process a loan application.

One or more of these areas could stop your application cold, costing you the amount of time you have already spent in this effort. Now there is the prospect of starting over with possibly the same result looming on the horizon. That is where Arizona Hard Money Lenders could be the answer to your problem. They tend to look at your collateral and ability to repay rather than your credit report, past income history and the steadiness of your current employment and sometimes can close a loan in less than two weeks.

See if your dreams can come true—find a lender today who can help you.

Do the digging in order to find out all you can about these loans and arm yourself with information on both the positive and the negative aspects involved—funds that are obtained through an Arizona Hard Money Lender come packaged with a higher interest rate than conventional ones. Contact lenders, both traditional and nontraditional, and find out what terms they offer. Once you have all the needed information, take a deep breath and set out making your real estate dream a reality.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLCDennis 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 and 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
Fb Yt In Arr Nm Bl Tw Gp

Related Posts