ARIZONA PRIVATE MONEY LENDERS ARE THERE WHEN YOU NEED THEM

Are you eager to buy an investment property, but your credit is less than perfect? Have you been turned down by traditional lenders?

Arizona Private Money Lenders, sometimes called hard money lenders, are non-institutional lenders that issue short-term loans. Typically, these loans are for the purchase of an investment property; however, they may also be used for fix-and-flips, rehab projects and quick funding.

Arizona Private Money Lenders are less bothered with a borrower’s credit and more concerned with their hard assets: which is real estate, cash or land. A hard asset will show up on financial statements. This is opposite of a soft asset which can include: equipment, furniture, software and any other assets with a low intrinsic open market resale value. Usually, a lender wants to see a FICO score of at least 550; however, that is not always the case. The type of private money lender you choose will determine the credit score you need.

DIFFERENT TYPES OF MONEY LENDERS, LOAN QUALIFICATIONS, LOAN TERMS AND APPROVAL TIME

There are three main types of Arizona Private Money Lenders:

1) Primary circle: These are your family and close friends.

2) Secondary circle: This consists of personal friends, colleagues and professional acquaintances.

3) Third-party circle: This includes accredited investors and hard money lenders.

Borrowing money from your primary and secondary circle may be easier to obtain, but in the long run can get uncomfortable and relationships can become strained. Hard money lenders belong to your third-party circle, which is the most distant in terms of relationships. They have proven to be the best private lenders due to their reliability, professionalism, across the board interest rates, fees and loan terms. You will know exactly what you are getting into before accepting the loan. The terms don’t change.

Private money loans have much shorter loan terms than traditional loans. They have terms anywhere from a month to 5 years. Hard money lender terms are typically between 1 and 3 years; with most loan terms closer to one year. Pre-qualification can occur in as little as 10 minutes and funding typically is dispersed within two weeks.

When meeting with a hard money lender you will need to bring the last three months of your bank statements, a credit score of 550, the property location and the purchase price. If you are seeking a hard money rehab loan, lenders will also require contract bids, a renovation scope of work and a portfolio of your experience that includes prior projects.

Is a private money lender right for you?

Are you looking to purchase, renovate and sell your property within a year or less? Do you need quick financing to compete with cash only buyers? Are you looking to purchase and renovate a property before you refinance with a conventional mortgage? Or, have you been turned down for a traditional loan? If any of these scenarios describe you, a private money lender be may your answer!

                                                                                                                         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.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

DO YOU WISH YOU COULD BUY AN INVESTMENT PROPERTY BUT YOUR BANK TURNED YOU DOWN?

You have searched high and low for that perfect Arizona investment property and finally you’ve found it! You get to your bank only to find out the property’s condition is not up to par with your bank’s mortgage conditions and your credit is less than attractive—no loan for you. But, there is a solution—a hard money loan.

Just like all loans, a hard money loan is money borrowed by a lender. The borrower receives the money and, in turn, the lender receives monthly interest on the loan until final payment has been issued. Where traditional loans are based off the borrower’s credit, hard money loans are based off the asset being purchased. If the borrower defaults on the loan, the hard money lender will foreclose on the property.

BENEFITS OF A HARD MONEY LOAN

There are a plethora of reasons to obtain a hard money loan; however, the quick approval and release of funds along with the relationships investors can make seem to be the most popular.

There are fewer hoops to jump through when you are working with a hard money lender. You will work with an individual lender versus a group of lenders at a bank. There is less paperwork and a shorter waiting period because the lender is more concerned with the Arizona investment property, not in your debt and credit scores. The property you are purchasing will be backing the loan. Working with a hard money lender you could easily have your funds available in as little as two days; unlike a traditional mortgage which could take months.

You can build a relationship with your investor. If you show that you are reliable; you pay your debt back on time or early, your investor will want to work with you again. Once your lender trusts you they may be willing to do things such as reduce the origination fee, get your funds to you faster or loan you greater amounts. Building trust with your lender will form a priceless business relationship.

You can get a hard money loan for virtually any type of property: from single family residential to commercial and industrial properties. Typically, borrowers use hard money lenders for fix and flips or to rehab a property. Some hard money lenders will not fund an owner-occupied residential property because of the extra regulations. However, there are plenty that will.

Is a hard money loan the right move for you?

Hard money loans are most ideal for:

* Fix and flips

* Construction loans

* Rehab properties

* A borrower who doesn’t have enough cash or access to private financing

* A borrower with bad credit

* Quick financing for an investor who is competing with a cash only investor

Hard money loans aren’t for every investor in every situation, but of you are just starting out they are an excellent choice. These loans allow you to purchase real estate with little, or none, of your own money.

                                                                                                                       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.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

HOW TO START FLIPPING HOUSES

Do you dream of living a life like Tarek and Christina on ‘Flip or Flop’? Do you know it is possible to fix and flip houses with little to no money down?

Can you really flip a house in Arizona with no money down? YES! Most people believe it is impossible to flip a house with zero money down. Surprisingly, you can do it and it may not be as hard as you can imagine! There is no real hidden secret on how to invest in real estate with no money of your own. Flipping a house with none of your own money will require you to use someone else’s money; this is called OPM (other people’s money). To finance your investment, you will need to find an investor that will lend you the money to rehab the property. You will then pay them interest on the money you borrow.

Where can I find OPM?

There are a few places you can find ways to start investing with no money.

1. Find a partner: A simple way to get funding for your investment is a silent partner. If you have no money but have all the skills and will do all the heavy lifting, find a silent partner. They put the money in, you do the work and you split the profit equally. This could be a family member, a neighbor who has a successful business or anyone you know that has money. Keep in mind that you will do all the work and they will receive the same profit because they fronted you the money.

2. Private Money Lender: A private money lender is just a person with disposable income to invest. They can invest in literally anything; and often they invest in real estate and land. These lenders will have income, but it is income such as investments, mutual funds and IRAs. They will not necessarily have hard assets. To attract a private money lender, you will need to offer them a high enough interest rate that it is worth them lending you the money.

3. Hard Money Lender: A hard money lender is a great way to get funded. What these lenders do is help people by often funding 100% of the purchase at a higher interest rate. The great thing about hard money lenders is they will approve a borrower with “not so perfect” credit. However, you need hard assets. In case you don’t repay the loan, they will have the rights to those hard assets. You will find that their interest rates are higher than traditional loans and your loan terms will be shorter. This is a perfect way to borrow especially if you are confident the house will flip in a reasonably short time.

Things to consider when thinking of flipping houses in Arizona

Flipping houses in Arizona can be either a full-time or part-time job. If you have assets, but don’t want to spend your own money, have time and understand what it takes to be successful then Flipping houses in Arizona can be a lucrative job. It requires hard work and careful attention to detail. As any investment, it comes with risk. However, working with an experienced lender will help you figure out how to get started.

                                                                                                                   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.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

How to Secure Spec Home Financing

Are you considering building your first spec home? Securing spec home financing may be easier than you assumed.

Are you considering venturing into speculative building, also known in the industry as a “spec home?” This is a home that you build before the home is sold. What makes this speculative is the fact that the home is not sold before construction, making the loan one that is considered speculative. In the Arizona construction loan industry, the spec loans are only a small portion of the loans. If your project has strong possibilities and you are willing to do more work than a conventional loan, your chances of approval stand an excellent chance.

1. Find a lot that you can improve on: A spec loan is much more speculative or riskier than other Arizona construction loans because you have no committed buyer. Your chances of getting approved increases if you locate land that needs to be improved. Raw land which does not have roads, curbs, sewer lines or water (known as infrastructure) is not as valuable as improved land and more likely be far away from urban centers and you will be less likely to find a buyer.

2. Be able to complete your project quickly: Spec home financing is short term in nature. The loan will last only as long as the construction takes. The loan is paid out in stages of completion, also known as draws. To minimize the lenders risk, and if you are new to spec building, pick projects that can be completed quickly. The interest charged is based on the amount of money that has been disbursed. At the end of the project, the borrower ether gets another loan or pays off the balance.

3. Equity is in the land: Giving a lender equity in the land will maximize your chances of getting a loan. Some lenders will require you to do this. This also could be used as the down payment or a portion or combination of the two. The loan is considered secured and the lender’s position is secured in case of default and the lender will be able to recover the monies. A lender will most likely only credit 80% of the value of your land for the down payment on your loan.

Partners in the Deal

To improve your chances of getting approved for spec home financing, you can bring partners into the deal. A partner with better credit will improve your chances of getting approved. The partner could also help with the down payment. A partner can also improve the assets when applying for the loan. You’ll also

Tell a Compelling Story. The spec loan is a loan on a dream since there is no buyer lined up. The lender is buying into your dream.

The spec loan is highly risky. You will need to sell the idea to the loan officer or the lender. The project location is very vital in securing the loan. “Sell” your idea to the lender, explain the infrastructure, why you chose the location, and the development patterns. If there is a strong presence of rental units in the area, this is a good selling point. At Level 4 Funding, we work with hundreds of private Arizona Hard Money Lenders. Call us to see if we are the brokers that can fulfill your dream and find the right investor for your spec home 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:  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.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

What are Arizona Hard Money Lenders?

There are many misconceptions surrounding Arizona Hard Money Lenders. Learn the truth so that you can take advantage of the many loans that they offer real estate investors.

Hard money lenders in Arizona finance projects that other types of lenders, such as conventional banks, will not. Private lenders that provide money for real estate deals are known as Arizona Hard Money Lenders. The property that the investor is trying to finance becomes the collateral for the loan. These types of lenders evaluate the return-on-investment (ROI) and potential business of the targeted investment. The loans are short term in nature, usually up to a year, and can carry higher interest rates, organization fees, and points (a percentage of the loan amount), as well as closing fees.

Since the targeted property is the collateral, private lenders are willing to finance projects that conventional lenders are not willing to. If the borrower defaults on the Hard Money Loans in Arizona, the lender simply repossess the financed property and sells it to recover the investment of the lender. Repossessing the property is a solution of last resort. A successful hard money lender stands to make thousands on each successful project from the high interest they charge, often as high as 18 percent.

Compared to conventional lenders, Arizona Hard Money Lenders have a number of distinct benefits:

· Move faster: On a conventional loan, the approval process can take months. Real estate investors need to act fast to purchase a property before a competitor underbids them. An Arizona Hard Money Lendercan approve a loan in a matter of days.

· Offer more financing: When seeking a loan from a conventional lender, they may require 30% down. An Arizona Hard Money Lender will offer a loan of as much as 80 percent of the purchase and as much as 70 percent of the rehab costs.

· More properties can be financed: The maximum that conventional lenders can finance are up to 10 properties whereas Arizona Hard Money Lenders can finance more than 10 properties and are not limited by the number of projects. Arizona Hard Money Lenders can also finance large projects.

· Requirements to meet: Private lenders are less concerned with the borrower’s credit score, financial history, employment history or other factors that a conventional lender would take into account. The hard money lender is more concerned with the value of the target property. You will need to present to them a business plan for the project identifying how you will repay the loan. The business plan will also detail how the advance or draws, also known as progress payments, will be taken on the project. The business plan will also detail how you will engage contractors to rehab or build your project.

At Level 4 Funding, we offer rates as low as 5.99 percent. We work with hundreds of private investors, many of which specialize in various types of real estate investment strategies.

Since there are many Arizona Hard Money Lenders in the country, each has their own set of criteria for approving or denying loans. Do your due diligence and research, and when you find a lender that is willing to work along with you then build a relationship with the lender for future projects. Building a relationship may result in offering you better terms and fees for your many projects that you will be adding to your portfolio.

                                                                                                             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.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

The Good, Bad, and the Ugly of Hard Money Loans in Arizona

For some people, a Hard Money Loans in Arizona is a fantastic option for them. This, however, is not true for everyone. The following is the way to know if these types of loans are a solution that you should pursue.

At this point, are you wondering what a Hard Money Loans in Arizona is? If you are new to the real estate investing world, you may be unfamiliar with the term. In layman’s terms, they are short term loans. The term of the loans range from one to five years. They are an alternative to conventional mortgage loans. Compared to conventional loans, Hard Money Loans in Arizona offer three main benefits to this type of funding:

1. Quicker: When you apply with a conventional lender for a loan for real estate, it is a painfully slow process. As a borrower, you will need to adhere to strict requirements. Arizona Hard Money Lenders are less concerned with meticulously verifying the borrowers every detail, but more concerned with the collateral. Since the hard money lender is more concerned with the collateral, the process moves must faster, so the borrower can jump right on the property.

2. Flexibility: Compared to the conventional lenders, Arizona Hard Money Lenders do not use the same set-in-stone process. The hard money lender is more concerned in establishing and cultivating a relationship with the investor. Each project will be evaluated on the merits of the project. When seeking funding, the hard money lender you will be speaking to is an individual as compared to conventional corporate lenders.

3. Approval is easier: Most people utilize a Hard Money Loans in Arizona to fund their real estate project. The most important factor is the collateral to Arizona Hard Money Lenders. The credit score and financial history are not important factors. If you have located a property that you need to jump on immediately, your financial situation is not a deciding factor making funding that much easier.

Is a Hard Money Loans in Arizona Right for Me?

If you have experience as a flipper or a first timer that has a working relationship with a contractor, and you are able to make a profit fairly quickly, then this is a perfect source of funding for you. However, for a number of people, this may not be a solution for you. Understand that the hard money lender avenue comes with higher interest rates, up to 15%, closing costs, points, (percentage of the loan amount) and organization fees.

At Level 4 Funding, we offer flexible terms and some of the lowest rates in the industry. We are able to provide these unique properties because of the hundreds of private investors that we partner with.

You have located an opportunity that needs you to move quickly before it is swept out from you. You may want to speak to An Arizona Hard Money Lender. Research lenders in the area that the property is in. If you go to a lender outside the area that the property is in, make sure that the lender offers loans in that area. Go and sit down with the lender and discuss the project. The lender will help you understand your options, find the right terms for your project, and will work with you.

                                                                                                         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.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

The Top Five Options When Seeking a Fix and Flip Loan

Real estate investors use Arizona Fix and Flip Loans for short term financing to purchase and renovate a property with the intent of selling it for a profit. These loans are for properties with fast closing and the property is in any condition.

Hard Money Loans in Arizona are the most popular type of Arizona fix and flip loans. In some cases, you can qualify in minutes, see your rates, and get funded within in as little as one week. Hard Money Loans in Arizona are popular loans used for these types of properties. They offer short terms and are secured by real estate. This type of loan is used by investors to purchase a property, renovate the property, and then sell the property within a year. Loans geared for fix and flip properties enable you to finance a property in poor condition. With Hard Money Loans in Arizona, the threshold for approval is lower than conventional loans and funding could be in as little as one week. The concern of the lender is more about the collateral than the background of the borrower. Here are five options for Arizona Fix and Flip Loans including the hard money lender.

Hard Money Arizona Fix and Flip Loans – Perfect for novice investors as well as experienced investors with 2+ flips.

· UP TO 90% Loan-to-Value and 80% after-repair-value

· Term 1-3 years

· Approval time 24 Hours, up to 15 days for funding

· Interest Rates: 7%-12%

· Fees: 1-5% -10% lending Fee, 2% – 5% closing costs

· Qualifications: 550 minimum score, 2-3 past Rehab Projects and Possible Licensed Contractor

Cash Out Refinance – If an investor has an existing investment with 30% to 40% equity.

· Financing up to 75% loan to value

· Term 15-30 years

· Approval 30-45 days

· Interest Rates 3.99% to 6%

· Fees 0% -3% lending fee, 2% – 5% closing costs

· Qualifications 640 minimum credit score, 45% debt to income ratio, 0-6 months reserves and Existing property with 40% equity

Home Equity Line of Credit – Investors who have an owner-occupied primary residence with equity of 30% -40%.

· Financing of up to 85%

· Loan term 25-30 years

· Approval/funding time is 30-45 days

· Interest Rates 4.5% to 5.5% variable rate

· Fees 0% to 2%

· Qualifications 640 minimum credit score, 45% debt to income ratio and existing home with 30% equity

Line of Credit for Investment Property – Investors who have a rental property who wish to cash out for other purchases.

· Financing up to 80% of cost

· Loan term up 75% loan to value

· Approval time up to 30days

· Interest Rate 5.2% – 6%

· Fees $75 annual service fee and 1% -5% closing costs

Arizona Bridge Loans – If you need to close quickly and will arrange more permanent financing later.

· Financing up to 70%

· Term 2 weeks to 1 year

· Approval 15+ Days

· Interest Rates 6.2% – 9%

· Fees $500 appraisal, 1%-2% lender fees

· Qualifications- Ability to pay 2 mortgages, 20% equity in current property and an exit strategy

As you can see, there are many options when choosing a Arizona Fix and Flip Loan for your property. We work with hundreds of investors at Level 4 Funding, many of which specialize in these types of loans. We are quick to funding and can close in as little as three days.

                                                                                                        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.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

What you Need to Know About Arizona Residential Hard Money Lenders

Opportunities in residential investments have skyrocketed these last seven years. Funding, however, is not as easy as it used to be. Find out which Arizona Residential Hard Money Lenders offer the best rates and terms.

Traditional lenders offering home loans have been scarce since the credit crisis in 2008. Arizona Residential Hard Money Lenders have filled the gap that the traditional lenders have left. These types of lenders offer residential loans at higher interest rates and low loan to value on the property. When traditional lenders are hesitant to step in, hard money lenders are a very good option. The capital from Arizona Hard Money Lenders is available to every type of customer for real estate investing.

Private lenders base their lending on the loan to value ratio; traditional lenders base their credit decision on credit scores, income tax statements, and tax returns. Arizona Residential Hard Money Lenders base their decision on the property as collateral. As a basis for the underwriting of the residential property, the lender considers the equity in the property for their decision. Some of the Arizona Hard Money Lenders deal in land estates and projects with a high equity. Arizona Residential Arizona Hard Money Lenders base their decision by the Loan to Value using the current market value.

The money from An Arizona Hard Money Lender on a residential property acts as a temporary bridge for mortgage refinancing, avoiding bankruptcy or acquisition. This is an option many investors choose when faced with giving up control of the property to financial partners or filing for bankruptcy. A Arizona Residential Hard Money Lender offers people loans for renovation of the residential property and then renting out the property or selling it. The Hard Money Loans in Arizona is based on the value of the real estate property which is also the collateral for the loan. The loan is often 60-75% of the market value of the property. Typically, hard money residential loans can be found at interest rates from 11% to 12%, with 12% the standard for second trust deeds. The loan to value is 60% maximum on improved properties and 40% for vacant land.

Traditional Versus Arizon An Arizona Hard Money Lenders

Traditional lenders offer loans based on credit reports, income statements and tax returns. Traditional lenders base the interest rates and fixed loan amounts, and other terms and conditions, on the borrower’s eligibility. Hard money residential lenders provide funding based on the value of the real estate. The documentation is much lower than traditional lenders. Eligibility is flexible, even borrowers with poor credit and little documentation are able to secure primary residence loans. The loan to value ratio runs approximately 65%.

The values are determined on the property’s current market price. The hard money lender will fix the price at which the property is sold.

If the borrower defaults on the loan, then the hard money lender will seize the property and possibly sell it. In most cases, the lender will allow the borrower a grace period of one to three months before selling the property. The bottom line: investors and home buyers often use Arizona Hard Money Lenders to access Arizona Bridge Loans for residential home mortgages. These types of loans enable buyers to “bridge” from one loan to the next. Instances when these types of loans are beneficial include when someone wants to buy a house before their existing house sells and the market is such that a contingency offer will probably be passed over. At Level 4 Funding, we offer quick-to-funding Arizona Bridge Loans at lower than average rates. Call us for a no-obligation quote.

                                                                                                    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.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

Everything You Do and Do Not Want to Know About Arizona Construction Loans

There are numerous types of Arizona construction loans that can get you started as a contractor. Understand which one is best for your business before you start your first project.

If you are thinking about building your home instead of purchasing an existing one, you will not be getting a traditional mortgage. What you will be getting is a Arizona construction loan. If you go the route to secure a Arizona construction loan for your new home, then you will be faced with a loan that has higher interest rates and a shorter term. This type of loan can be used for rehabilitating your home or building it from the ground up. The projected value of the home upon completion is what the Arizona construction loan is based on. This differs from conventional loans which are based on fair market value.

The different types of Arizona construction loans are narrowed down to three types, which are;

· Construction to permanent: If you have construction plans for your new home then these loans are perfect. The builder of the project is paid based upon completion of the loan, also known as progress payments. You are able to lock in your interest rate at closing. The remaining costs are converted into a mortgage at closing. By locking in the interest rate, you are assured a steady payment.

· Construction only loans: Once your project is completed then the loan must be paid off. If you have a large cash reserve, then this is a good choice. The proceeds from the sale will enable you to cover the costs of a new build. If your new project will need a mortgage, you will need to search for a lender yourself and go through the approval process once again.

· Arizona construction loan for renovation: If you are searching for a fixer upper then this is the type of loan you want to use. Any renovations that you will be doing, and the purchase price will be wrapped up in the mortgage.

Arizona construction loans differ from conventional loans since conventional mortgage loans are paid out in one lump sum while Arizona construction loans are paid out in progress payments or installments. Once the project is finished, the full cost of the project is transferred to you.

What are Draws?

Progress payments are called draws. The builder is paid in installments, “draws” based on the project scheduled of building you laid out in your plans for the project. In most cases. you will need enough cash to pay for the cost upfront before the bank inspects the project to make sure the builder has completed that part of the project to qualify for the draw. You will need a builder that is dependable. The budgeting and scheduling of the project is vital and must work within the timeline both of you have established at the beginning of the project. Buyer beware, do your research on the lender before you begin the project.

There are many advantages of Arizona construction loans which include interest only loans, flexible terms, and structure that is added by additional scrutiny.

The disadvantages are that the Arizona construction loan is harder to qualify for, higher interest rates may apply, and shorter-term loans are much riskier. At Level 4 Funding, we are able to offer low interest rates with terms that range from 3 to 60 months. Call us today for a no-obligation quote.

                                                                                                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.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

The Basics for Getting an Arizona Airbnb Loan

An increasing number of investors are purchasing property that they then turn around and rent via Airbnb. Find an Arizona Airbnb Loan in order to get into this lucrative investment strategy.

By 2017, the leisure industry had expanded with 25% of leisure travelers booking at least one stay at an Airbnb property. Since 2016 to 2017, stays at Airbnb properties increased 19% according to a research report from Morgan Stanley. Airbnb has over 4 million listings in 191 countries. Leisure travelers prefer to book a stay at an Airbnb property than a motel.

Entrepreneurs seeking additional income will seek to rent out a house, apartment, or some other space by listing their property on Airbnb. Estimates are that some 650,000 people list to rent their property out on Airbnb and revenues for Airbnb have topped $2.6 billion with a typical host realizing, on average, $924 a month. Some hosts are realizing enough revenue that they are able to quit their jobs. Any Airbnb host must realize that there are costs associated with hosting, some of these are the costs associated with acquiring the property you want to rent, increased taxes, paying a commission, local regulations, property insurance, and the obvious cleaning and keeping your property well stocked.

You will need capital to get started and involved with Airbnb property. The costs associated to become an Airbnb host can be varied. One of the most obvious is the property itself. If you rent your property on Airbnb for more than 14 days per year, then you will need to report the money earned. Your best bet is to talk to a tax professional before you begin to rent a property on Airbnb to realize how this will affect your personal tax situation.

Considerations Before Becoming an Airbnb Host

Take into account these considerations before becoming an Airbnb host:

· Calculate the three percent charge Airbnb places on any payment and how this fee is going to affect your profit margin.

· Calculate the supplies needed for your listing, such as sheets, towels, and other household items. Do not forget that you may have to purchase additional electronics and furniture in order to make your house “Airbnb worthy.”

· You will need to be the housekeeper for the property or hire a service to clean. This is an added expense that your will need to calculate into your profit margin.

· Lastly, you will need to research insurance. For American hosts, Airbnb provides insurance such as basic liability and property protection. This may not be sufficient to protect your property. Call your insurance agent to discuss the proper coverage for this type of situation.

You are now spending thousands of dollars before you ever book a guest. It’s best to look for Arizona Airbnb Loans with a private money lender before you spend more money than you originally anticipated.

There also are challenges for an Airbnb rental by local laws or city ordinances. Banks will not lend on properties listed on Airbnb since localities restrict the listing of your property. Banks are reluctant to lend to a business that is “illegal” due to local ordinances that prohibit the listing. Although obtaining Arizona Airbnb Loans can be challenging, you may be able to find great options to get your foot in the door. At Level 4 Funding, we work with hundreds of private investors, some of which specialize in Arizona Airbnb Loans. We may very well be able to find the right loan for your first Airbnb property.

                                                                                            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.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions