So many houses across the beautiful Grand Canyon State lay dormant and empty, slowly whittling away in the immense heat. So if you’re into real estate and want to sell some of these properties, you’re going to need a lot more than just a regular loan. TA-DA! That’s why there’s hard money lenders Arizona!
If you’re like the many millions of people living in Arizona and you want to be able to sell and resell a house, then perhaps familiar, tired banking isn’t for you. Perhaps consider hard money lending Arizona because that’s a unique and often beneficial alternative. Most Arizona hard money lenders provide coverage for the entire state, from Prescott to Flagstaff to Tucson to Scottsdale to Tempe to Phoenix and everywhere in between.
If more and more people took pride in their work and actually helped out around neighborhoods (without the aid of home owner’s associations, by the way – those organizations are completely worthless) then the real estate market might just pick up in Arizona. If that happens, and more people move here (including but not limited to immigrants of all kinds) then the rest of the economy would also improve. And then, we could all go back to the days before the 2000’s and relax with our economic surpluses. This would serve as a welcome model for the rest of the United States, who would hopefully follow suit and then, unemployment would go way, way down and production would go way, way up. So do your part!
As the economy struggles to stay afoot and banks continue tightening their wallet folds, hard-money lenders are pouncing on the opportunity to lend to shunned borrowers and it’s often unexpected sources you’ll find, that is, not the major financial firms you’d expect.
So how does it work? Through people called brokers, hard money lenders Arizona offer high-interest, short-term loans to borrowers who can’t get traditional bank financing, including those kinds of investors and people with badly spotty credit, like an apple that’s been in your lunchbox way too long. The interest rate can be in the high teens — compared with less than 5% for bank mortgages — while the length can be as short as a few months. Private money lenders Arizona tend to not focus much on a borrower’s credit scores. They care more about asset valuations and loan-to-value ratios. Many lenders won’t lend more than 50% to 70% of the home’s value, while banks will lend as much as 80% and government-backed loans can go as high as 96.5%.
Because there is little bureaucracy when compared with big banks, deals can be approved and closed in just a few days. Does that sound like an opportunity you’d be interested in? Most people would be.
Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.