Private Hard Money—California is Calling

By now, you know that lenders that offer private hard money are everywhere. Moreover, you may have realized that you can decide which lender is best for your project in-state as well as out-of-state therefore if you curious about private hard money, California may be the place to start asking questions.

imagesppIf you are like most business savvy individuals, you are probably asking yourself when is the best time to use private hard money. California lenders can tell you the best time to acquire private hard money financing is when you need to act quickly. In fact, you should be inclined to obtain this particular type of financing for such major projects as land loans, constructions loans, fix and flips, rehabilitation ventures, in the case of credit issues—this is all in addition to simply need to act quickly.

In addition to what types of deals or projects you should use private hard money for, it is also important to know why you are using this particular financing in the first place, right? Well, the truth is commercial real estate investors and trust deed investors, in general, have can list a number of good reasons for using private hard money. California investors, nevertheless, that it is mainly about time being of essence when it comes to their business ventures.

But, do not take their word for it instead just look at the facts. Traditional or rather conventional financing typically takes anywhere from 30 to 45 days to be funded. In that time, your particular business opportunity could have come and gone. What is more, is you are more than likely to lose that commercial venture to the next investor who chooses to use private money. Sadly, this happens time and again with less experienced business investors. Ultimately, if you are a seasoned investor, you already know what to do and if you are new to the game then it is definitely time to take notes.

How to Move Quickly on Investments

As you can see, moving quickly on an investment tends to be the name of the game. Moreover, with most investment properties you are dealing with multiple bids and high risks. Thus, going with traditional or conventional funding not only means you have to wait longer for your potential funds, it also means that you may not even be approved. Most borrowers, especially self-employed, have a colorful income history. Your income history may be colorful for a variety of reasons—maybe its credit issues or simply an insufficient income history. The reality is a colorful history does not sit well with banks. Thus, you should get ahead of this problem by knowing from the very start who you need to work with in order to obtain financing.


In the end, no matter what you decide or what the specific details of your particular situation are, you have to do your due diligence. So, make it a point to do your homework on your private money lending options as well as the other options available to you out-of-state. 

Level-4-Funding-Dennis-Dahlberg-Mort[1]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

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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.