Deciding that the best financing option is California private hard money is a big step. So, how do you know if it’s the right step? Well, there are several perks or rather advantages to choosing this particular line of financing.
California private hard money means many different things to different lenders. As you may already be aware, your financing options and loan terms are in your private lender’s hands. Of course, this does not mean choosing California private hard money means your will pay an absorbent amount of interest and you will be stuck with terms that you did not choose rather it means you need to choose wisely.
With that being said, overall there are some perks or rather advantage when it comes private hard money. For instance, private hard money often means rapid funding. Rapid funding is possible due to the lack of red tape that you often get with traditional financial institutions. Less red tape means there aren’t dozens of forms to fill out or hard-to-find documentation require. In addition to the lack of hoops, you must jump through, private individuals or companies also make their decision in record time so that you can get started on your venture as soon as possible. Another advantage to this particular kind of financing may come as a little bit of an unexpected surprise—flexible term structure. What is a flexible term structure? That’s a great question.
In its simplest answer is flexible term structure is customizable loan terms for your business. In other words, traditional financial institutions play by the books or rather they offer one-size-fits all terms and who needs that? But, with private hard money lenders, you are able to work with a lender that not only understands your needs but is also willing to take them into account when it comes to your term structure.
Private hard money lenders are also thoroughly invested in the success of your venture, thus you will often find that these non-traditional lenders do not penalize you for your changing circumstances. This means that if you are able to pay off your commercial business loans sooner then everyone wins. Similarly, if you have only partially paid off your loan by its due date, most private hard money lenders are willing to work with you so that you can succeed.
Ultimately, this means that choosing private hard money can be extremely beneficial in just the right way. Thus, whether you are choosing a standard hard money financing or considering bridge loans your commercial business venture can be a reality. Moreover, your terms can be easily customized to meet your need and your industry with little to no bureaucracy. Lastly, you are given the opportunity to work with a company, a trust deed investor or an individual who truly does want to see you succeed. Furthermore, this company or private individual will go above and beyond to make sure that you succeed because they invested in your and your business i.e. you are more than just another commercial borrower.
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.