California hard money lenders are not your ordinary lenders. If you have not had much experience working with California hard money lenders, it can be very easy to forget or rather overlook all the wonderful things you can accomplish when working with these lenders.
So often, when you read about California hard money lenders, you find out that they are great for business endeavors or for borrowers with less than perfect credit. Of course, these things still hold true, but you have really only hit the tip of the iceberg. In other words, these particular lenders are that helping hand that everyone needs.
Think about it this way, how many lenders do you know that are willing to lend to a borrower who is in foreclosure or are willing to assist a buyer of high-value properties refinance?
Moreover, how many lenders do you know that are willing to work with borrows who still need a little more time to get all these paperwork and appraisals together? Well, the answer is not many. The reality is that securing financing is still a business— no matter who your lender is or what kind of financing you secure. Thus, as you probably know firsthand, lenders can be fickle if you are coming with your A game.
Yet, lenders who offer hard money financing, are more willing to see the potential in your project or business venture. They are also more interested in you and building the right kind of business relationship. This means, that your top lenders of hard money financing are just as interested in finding the right match as you are. What’s more, unlike traditional and large non-traditional lending institutions, these particular lenders are flexible with their terms as well as rate, which leaves room for everyone to benefit from this newly formed business relationship.
Meeting Everyone’s Expectations
In addition to helping borrowers do the next to impossible, lenders who offer hard money are not afraid to see potential where others simply will not. For example, hard money financing is often used for rural properties and non-traditional construction properties. As you probably guessed, banks, traditional and other lending institutions more than shy away from properties like these for a variety of reasons, but often it is because they just are not willing to see the potential or future return. Of course, that is not to say there will not be any additional risks with unique borrowing scenarios such as the above-mentioned, but lenders of hard money are truly here to help you succeed.
Ultimately, the takeaway here is that lenders of hard money financing do not shy away from a challenge nor do they write borrowers off for past mistakes and bad credit. Consequently, if you are in need of a temporary fix loan or financing to make what seems like the impossible into a reality then you know where you should start. Just remember, that these particular lenders do come at a price so make sure your venture is truly feasible before looking for a helping hand.
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.