Jackson always wanted to live and work near the beach in Southern California but quickly found that his job kept him away from the beach and didn’t allow him to make enough to live close to it. So he decided he was going to open a business off the beach, but since his credit was not good, he had to apply for a couple of Hard Money Loans in California rather than use a bank.
Hard Money Loans California–My name is Jackson, and I run a bar and grill near a beach in Southern California. I’ve always wanted to live and work near the water which made opening an establishment a dream come true. But it was not easy getting started. My credit was terrible, and I couldn’t get a loan approved by anyone.
Luckily, there was an option available that would allow me to get the funds I needed, but it came with an element of risk as well. Not so much risk. It was more expensive. But if I wanted to chase the dream, so what choice did I have?
The Process
After going through the process with a few banks only to get turned down, I knew that I might as well be as up-front as I possibly could be with the lender. If I tried to hide something, they’d probably find out on their own anyway. If they caught me lying, they’d probably reject me.
Along with being as up-front as I could be, I created a detailed timeline of my project showing when I would need funds and when I would be expected to pay them back. I had to be careful because I didn’t want to seem pushy, but I got the feeling that if I didn’t follow up with the lender as I did, my application could have taken a lot longer.
While I didn’t always like what he said to me, I know this is business and not personnel. He wants to protect his money, and I want him to give it to me. So I can’t over-promise, and I had to follow through.
It took some time and required a bit of patience, but in time I was approved. It helped that my lender was local and that I hadn’t shopped around too much. He was experienced and was more than willing to offer advice and helped me keep from boxing myself in at times. While the loan terms were not ideal, they were certainly better than no loan at all.
I may not have wanted to go this route, but I am quite happy I did. Thanks to the availability of Hard Money Loans in California my dream has come true!
Remember The Golden Rule—There Are No Rules!
After my first year in business, I had my first loan paid off—business was good. But then my roof buckled during a storm and my place suffered a lot of water damage. I was in need of some love in the form of Hard Money Loans in California yet again.
I thought about trying someone different, but since everything went so well the first time I returned to my original lender. Since we had a preexisting relationship, the terms were a little better this time.
Like the first one, I had to watch my spending to make sure I could stay on top of my payments. It wasn’t easy, but I did it. As a result, my lender is happy, I’m happy, and after Happy Hour, my customers will be happy!
Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC Private Hard Money Lender
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com 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. 
