Monthly Archives: February 2017

California Hard Money Lenders—A Helping Hand

February 23, 2017UncategorizedCalifornia Hard Money lender, california hard money lendersbigdaddydennis

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.

Successful Borrowing

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.

Happy senior business man making his notes at work 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.

Technorati Tags: california hard money lender,california hard money lenders

More than a Standard Business Loan

February 23, 2017Uncategorizedbusiness loan, business loansbigdaddydennis

With a large chunk of your business loan research under your belt, you may feel as though you are clear on all your options. But, you might pleasantly surprised to know that there are more than traditional term loans, short-term loans, personal loans for businesses, business credit cards and lines of credit available when it comes to securing additional financing.

So, if you are like most newbies in the business world, you have probably been led to believe that a “standard” business loan is the only way to go when it comes to securing additional financing. Well, get ready to be shocked and amazed or rather just better informed. The fact is you can apply for a standard business loan and/or explore several different lending options.

For instance, you may or may not know about SBA loans. SBA loans are basically a long-term and low-interest loan for small businesses that is partially guaranteed by the government. The reason you may not have heard of SBA loans is because they are hard to come by as they often involve lengthy paperwork, longer approval times and collateral that you may not have available. Nevertheless, SBA loans still offer some of the lowest down payments and terms. Moreover, these loans come with reasonable interest rates and can ultimately be used for a wide variety of business purposes.

In addition to the existence of SBA loans, you may also be surprised to know that there are lenders (private, family and alternative) out there that are sympathetic to your start-up state i.e. these specific lenders offer start-up loans. Start-up loans are, in essence, any kind of financing aimed at helping businesses with no business history. You can also use business assets that are already in your possession. In other words, you can use such things as your accounts receivables or business equipment in order to secure additional funding.

How to Secure Additional Financing In-house

In-house financing, if you will, is when you utilize such things as your accounts receivables or invoices as collateral. This essentially means that you sell your invoices to another entity in order to not have to wait for payment which in turn provides you with the cash flow you would have eventually received had your customers paid. As an additional financing option, this can be advantageous if you only need the amount of your outstanding invoice, though it is important to note that fees are typically the downside to this kind of financing. Similarly, equipment financing is yet another in-house option where you are able to receive a loan for new equipment by using that new equipment as collateral. Equipment financing is a great way to have quick access to cash with very little paperwork, but keep in mind that equipment depreciates which can and will affect your bottom line.

Things to Consider with a Merchant Cash Advance

Another rarely-discussed option is merchant cash advances. This is basically a lump sum of additional financing that you gradually repay via a portion of your daily credit card transactions. This particular option is definitely the quickest and easiest way to get additional funds, but it also the most expensive—so choose wisely.

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.

Technorati Tags: business loan,business loans

How I Got My Hard Money Loans in California Approved

February 22, 2017Uncategorizedhard money loans california, hard money loans in californiabigdaddydennis

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!

Happy senior business man making his notes at work 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.

Technorati Tags: hard money loans in california,hard money loans california

When You Want To Apply For Hard Money Loans in California Over Traditional Loans

February 21, 2017Uncategorizedhard money loans california, hard money loans in californiabigdaddydennis

There are times when it is appropriate to apply for Hard Money Loans in California rather than try to gain approval through traditional channels.

Hard Money Loans California–At one point in time, if you wanted to open a business, build an addition onto your house or business, or make some much-needed repairs, you had to apply for a loan through your local bank. If they didn’t approve you, you were pretty much out of luck—but not anymore.

Now borrowers have access to money through private entities such as hard money lenders. However, it is important to note that there is a time and place to apply for Hard Money Loans in California or anywhere else.

So—went would that be?

When A Hard Money Loan Is Appropriate

If you have good credit, no strikes against you, and plenty of time before you need the money, you may want to go ahead and apply for a traditional loan. But there are plenty of factors that point towards applying for Hard Money Loans in California instead:

1. Less than perfect credit: traditional lenders are going to want to see an excellent credit rating on your application. Hard money lenders are more concerned about the value of your property.

2. If you have had tax liens, court judgments, and/or unpaid items on our record.

3. If you need money sooner rather than later for any of a wide variety of reasons

4. For house flipping (see No. 3)

5. You need to close on a deal quickly

6. The borrower needs a loan due to tax returns (or lack thereof)

7. To avoid foreclosure (again, see No. 3)

8. If you are not a citizen; foreign nationals

9. Your bank wants to do a complicated loan with multiple pieces of collateral

10. You really don’t want to pay a ton of fees.

Essentially, when it comes to a hard money loan, most people that apply for them will not have the credit needed to get approved for a traditional loan and/or will need the money sooner rather than later. Thanks to the easier application process, faster approval is something borrowers can count on.

Other reasons would point a borrower towards hard money over a traditional lender, but the reasons mentioned above are some of the more common ones.

What To Remember About Hard Money Loans in California

While it will be nice to get your money quicker and put it to use, there are things a borrower needs to remember. The life of the loan is going to be a lot shorter meaning you will have to make fewer, but larger payments to pay it off. Also, to compensate themselves for the increased risk, hard money lenders charge a higher interest rate.

So if you can, pay your hard money loan off as soon as you can to reduce the cost to you.

Happy senior business man making his notes at work 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.

Technorati Tags: hard money loans in california,hard money loans california

Where Does All The Money Come For Private Hard Money Loans in Califonia?

February 21, 2017UncategorizedCalifornia Hard Money lenderbigdaddydennis

By: Melissa Martorella

Many people wonder where the money comes from to originate mortgage loans. How do banks and lenders have a seemingly unlimited supply of money to loan for the next 30 years?

Well, the short story is that the money comes from Wall Street. Banks do not have piles of money sitting in their vault just lying around until borrowers come in to ask for it. For every real estate loan that banks finance, one of two things happen – they retain and service the loan, or they sell the loan on the open market.

Banks originate two types of mortgages. They are known as “saleable” and “portfolio” loans. Saleable loans are those scheduled to be sold off to investors on Wall Street in the form of “mortgage-backed securities.” These saleable loans are typically adjustable rate mortgages or subprime loans, but ideally, a mortgage securitization trust will consist of a balanced mix of both low-risk and high-risk notes. Loans that have fixed rates, well-qualified borrowers, and low loan-to-value ratios are considered low-risk and are deemed a portfolio loan. Banks may choose to hold on to these types of loans, making money off of the servicing and the interest earned.

While the market has dramatically changed since the financial crisis of 2008, the system to replenish money within the mortgage industry has pretty much stayed the same. Lenders and brokers originate loans based on program guidelines and sell those loans to secondary market investors. The investors in these securities are primarily made up of investment trusts or institutional financial companies. Loans that meet certain requirements may also be purchased by government-backed agencies such as Freddie Mac, Fannie Mae, or Ginnie Mae, who hold and service them.

Private Hard Money Lenders in California or Investment trusts operate as aggregators of loans. They create a securitization trust that then “pools” hundreds of loans, sometimes with diverse underwriting criteria, to create an investment rated security. This pooling helps mitigate risk and provides a good rate of return to individual investors. The loan pools, or trusts, are assigned to investment firms who hold and service the account on behalf of the investors. The investors in mortgage-backed securities usually earn a rate of return that is far higher than that of traditional government or money market bonds, making them in high demand.

CYCLING THE MONEY IN PRIVATE HARD MONEY LENDERS IN CALIFORNIA

The secondary market pools loans in securitization trusts and offers them for purchase to Wall Street investment firms. Individual certificates for the trust, similar to stock certificates, are sold to institutions or individual investors. This provides for the capital supply to be replenished for banks and other lending institutions that have established credit lines, and as the cycle continues, that money goes back into the economy in the form of new mortgages.

Hard Money Lenders and Hard Money Brokers depend on the secondary market to purchase the loans they originate so they can continue uninterrupted lending operations. With the new rules and regulations established under Dodd-Frank, individual errors or omissions in loan documentation can cause a closed loan to become “unpurchasable,” leading to the inability to offload the loan to investors. When this happens, it reduces the amount of capital that is available to go back into mortgage lending. Besides the risk of carrying excessive mortgage debt, if a bank or lender gets caught with too many loans on their books, they may not be able to continue operations until those loans are remedied and sold.

The buying and selling of California Hard Money Loans (securities) is known as “mortgage banking” and is the backbone that keeps the mortgage industry humming along. Ensuring this market continues to operate normally, through common sense oversight and regulation, is vital to maintaining a reliable mortgage industry.

Author Learn more about the author, Melissa Martorella by reading her bio.

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.

Technorati Tags: private hard money in california

How To Be Successful Using Hard Money Lenders in California To Flip Houses

February 20, 2017Uncategorizedhard money lenders California, hard money lenders in Californiabigdaddydennis

The thought of making money can be intoxicating. It can make people believe nothing will go wrong or could go wrong. So to get the ball rolling, they use Hard Money Lenders in California rather than banks to fund multiple projects. But then the unexpected happens and trouble ensues.

Hard Money Lenders California–After you pound out the details of your business plan, it is easy to envision success. It is easy to see your plans being carried out and all the money you are going to make. So, when it comes down to getting started, it is not hard to be too excited and try to do too much. Your plan I spot on and can’t fail so why not hit the ground running?

Easy—because you never know what is going to happen. All sorts of problems can arise that make the best project turn into a dud. Sometimes, when one turns into a dud, there can be a domino effect. As you work to save one, you neglect the other, and it too fails.

An Investment Tale With Hard Money Lenders in California Gone Wrong

Bob and Jim are best friends living in Santa Barbara, California. After going to a weekend seminar on flipping houses, they feel confident that they can succeed and make a lot of money flipping houses. So, they call a friend in the real estate industry, and she presents them with three properties that would be perfect. They can’t make up their mind which to take so they decide to take all three.

After all, they know what they are doing so what can go wrong?

The deals have to be done now and can’t wait for a bank loan to be approved, so they decide to go with hard money lenders. Both recommend the friends stick with one house at a time, but they are determined to follow through on all three.

They complete the first one, but it takes longer to sell than they anticipated—and the offer was for a lot less. The buyer insists that a couple of repairs be made as well. With the cost of the additional repairs and the lowball offer, they end up only making a few hundred dollars.

Before they got to work on the first project, they gave a contractor a check to do the work on the second. After finishing the first, they go to inspect what they think is going to be a finished project to find out the contractor ripped them off. So now they have to pay another to get the work done. Upon completion, they find a buyer, but thanks to the first contractor, half the profit is eaten up.

At this point, they are not as excited, but neither likes to quit, and they want to see the final project through even though they are behind on every timetable they created. They find someone willing to take it off their hands as is, but they are going to lose a few hundred dollars.

Determined to succeed, they push through. The project takes longer, it costs more, and they end up taking a loss just to get rid of it (and the interest on the loan).

And The Lesson Is…

When you get started in real estate investing and working with Hard Money Lenders in California, take it easy. Don’t try to do too much too fast. Take your time getting your feet wet, so you don’t end up regretting it in the end.

Happy senior business man making his notes at work 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.

Technorati Tags: hard money lenders in california,hard money lenders california

There’s Danger In Trying To Do Too Much Too Quick With Hard Money Lenders in California

February 17, 2017Uncategorizedhard money lenders California, hard money lenders in Californiabigdaddydennis

The thought of making money can be intoxicating. It can make people believe nothing will go wrong or could go wrong. So to get the ball rolling, they use Hard Money Lenders in California rather than banks to fund multiple projects. But then the unexpected happens and trouble ensues.

An Investment Tale With Hard Money Lenders in California Gone Wrong

After all, they know what they are doing so what can go wrong?

Determined to succeed, they push through. The project takes longer, it costs more, and they end up taking a loss just to get rid of it (and the interest on the loan).

And The Lesson Is…

Happy senior business man making his notes at work 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.

Technorati Tags: california hard money lenders,hard money lenders in california,hard money lenders california

How To Be Successful With Hard Money Lenders in Dallas

February 16, 2017Uncategorizedhard money lenders dallas, hard money lenders in dallasbigdaddydennis

There is a method to the madness when it comes to investing whether you do it with Hard Money Lenders in Dallas or somewhere else. Figuring it out can be the difference between succeeding and failing.

Hard Money Lenders Dallas—It takes money to make money, right? But how much fun is it to have to invest your own money? Or what if you don’t have enough? You can go to the bank, but you better have all your ducks in a row—not to mention excellent credit—if you take that route.

But if you don’t, there is nothing to worry about. Hard Money Lenders in Dallas or wherever you are, are more than happy to give you the opportunity when banks are not. However, there is a method to the madness when dealing with them as well.

Key To Working With Hard Money Lenders in Dallas

Hard money lenders are more likely to approve your loan application, but that does not mean you can overlook the process. You still need to look ahead in the process, prepare accordingly, and then continue to do so until the loan is paid off.

The loan approval process is easier and not as strict, but the surest way for it to bog down is to not be prepared. Find out what you need ahead of time and have it ready to turn in when the loan company wants it. If they have to continually stop reviewing your application to call and tell you something is missing, your application will seem to take forever to get approved.

Take too much time, and you risk missing out on whatever project you were looking to invest in.

If you are working with a hard money lender once, chances are good you are going to be interested in working with him/her again. Should that indeed be the case, you want to make sure you don’t give them any reason to be unhappy with you. So—pay our note on time. Nothing will aggravate a lender more than having to chase you down, call you constantly, and hound you to make your payments.

Should they have to, don’t expect them to be too excited about working with you on future projects.

Do Your Homework Before You Apply

There are plenty of Hard Money Lenders in Dallas or wherever you want to do business. While it may seem easy just to go down the page in the phone book and start calling locations, you would be much better off taking the time to look into each one. Find out if they specialize in anything if they tend to work with particular people or business types. Try to get an idea what their terms are going to be like, how flexible they may or may not be, or how strict they are about their minimum requirements.

Whichever lender you choose is going to want to know anything and everything about you when you start the application process. It only makes sense for you to know everything about them.

Happy senior business man making his notes at work 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.

Technorati Tags: hard money lenders in dallas,hard money lenders dallas

A Success Story For One Of The Hard Money Lenders in Dallas

February 15, 2017Uncategorizedhard money lenders dallas, hard money lenders in dallasbigdaddydennis

It is easy to go into business as one of the many Hard Money Lenders in Dallas, but it is not easy to succeed as Longhorn Investments appear to be doing.

Hard Money Lenders Dallas—Going into business is a hard thing to do. It is even more difficult to succeed in your chosen field; especially if your area requires you to judge whether you think someone else can succeed in their chosen field with the help of your money. But that is exactly what the people that founded Longhorn Investments in Dallas, Texas, back in 2008 have done.

They are not just succeeding, though. They are thriving in an industry that involves giving people the bank did not trust giving money to a lot of money.

Growth Is Good

Hard money lenders in Dallas are like hard money lenders everywhere else. They don’t want to bite off more than the can chew, but they want to expand and grow like any other business. After all, when you go into business, you don’t want to just make money. You want to make a lot of money. At some point that is going to mean testing your limits and exploring additional revenue streams.

When Longhorn Investments got started, their intent was to focus on the single family residential investment market in Texas. Since then they have expanded operations into Missouri and North Carolina. They have also expanded the scope of what they will approve loans for to include multifamily and commercial investments properties as well.

“We started in this business with our own money and then went out to family and friends to grow the business. However, to do more loans we needed more capital and thus we started working with investors. Now we have over 100 investors who are making over double-digit returns from investing in our hard money lending program,” said Michael Hoffman, Principal of Longhorn III Investments, LLC, and fund manager of Trident Realty Investments, in a press release.

After five years, they had already done more than 750 loans valued at over $60 million. Their success has continued over the years to the point where they have decided to focus on real-estate related businesses.

They are also affiliated with a title business in Houston and Dallas that helps them provide investors with a more complete service.

But How Far Can They Go?

Hard Money Lenders in Dallas and anywhere else will often find themselves limited in what they can get involved in by their cash flow. Do they have enough to take on certain investments that will allow them to grow? Should they turn some down in hopes that other—better—options become available? Or should they just do like Longhorn Investments and align with someone that has access to a lot of money?

Longhorn Investments has access to over $222 million through their sister private equity fund, Trident Realty Investments, LLC, proving once again—it’s not always what you know, but who you know.

Happy senior business man making his notes at work 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.

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Federal Regulations Will Soon Make California Hard Money Lenders Filthy Rich

February 14, 2017UncategorizedCalifornia Hard Money lenderbigdaddydennis

When it becomes legal to sell recreational marijuana in California, developers are going to need money but thanks to federal regulations, they will not be able to get it from a bank. They are going to have no choice but to borrow from California Hard Money Lenders.

Some people have been touting the benefits of legalizing marijuana for years. They have gone on at length about the impact on the courts and jails and the boost it can give the economy. With the passing of Proposition 64 in California, residents of the Golden State will soon realize those benefits.

Thanks to federal regulations, the banks will not be seeing as much (if any) of that financial boost. Instead, the beneficiary will be the California Hard Money Lenders that will be ready willing and waiting to do business.

What Regulations?

Many states, like California, have been passing state laws to legalize marijuana, but the federal statute remains. As far as the Feds are concerned, marijuana is still an illegal drug and is listed by the DEA as a Schedule 1 controlled substance. But the Department of Justice has not been prosecuting cases in states that have legalized marijuana.

So—on a criminal level, federal authorities have been backing off. But on a financial level, the federal government has been doing a little flexing of their muscles. Businesses need money to get off the ground, but federally insured banks will not approve loans for marijuana-related businesses. Nor will they allow marijuana businesses to set up accounts.

“It continues to be an issue because banks are regulated at the federal level,” Taylor West, deputy director of the National Cannabis Industry Association, said in an article in the Scotsman Guide. “Some businesses have been able to get bank accounts through one means or another, but as an industrywide situation, it is still pretty much a problem.”

This, of course, makes California Hard Money Lenders the No. 1 option for anyone thinking of opening a marijuana dispensary. However, there is an option.

The Financial Crimes Enforcement Network

If a bank wants to be approved by the Department of Treasury to provide loans to the marijuana industry, they have to abide by the rules as set forth by the Financial Crimes Enforcement Network. The network enforces the regulations outlined in the Bank Secrecy Act which essentially requires a bank to investigate potential lenders as much as possible and to not do business on purpose or by accident with “bad actors.”

For now, even though they are legal according to the states, marijuana businesses are considered the bad actors. Violators stand to risk being fined, but new regulations have opened the door to allow banks to do business with marijuana-related businesses. But there are stipulations. They can do so as long as they investigate the company and the parties involved as completely as possible. They will also have to continue to monitor clients after approving a loan for any potential wrong doing.

Banks do not want to go through all that hence the door being wide open for California Hard Money Lenders to be real busy in the near future.

Happy senior business man making his notes at work 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.

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