Vet your Arizona Hard Money Lender to ensure you’re not being taken for a ride.
We live in a time where scams run rampant. We receive calls asking for personal information from illegitimate sources. We get emails phishing for our data. We have to live in a diligent manner in order to avoid the pitfalls of scammers.
Unfortunately, Arizona Hard Money Lenders fall into this category. While it’s not the norm, one bad apple can spoil the bunch. That’s why we’re here to tell you that places like Level 4 Funding are dedicated to providing clear and concise loan information so that you can feel comfortable funding your project with one of our loans.
Here are some ways to detect an illegitimate Arizona Hard Money Lender:
Too Good to Be True
We learn this from a young age and see it time and time again. There’s always fine print so you want to review any and all paperwork and contracts for the fine print that could get you into hot water. Things like large prepayment penalties may be hiding in the fine print, waiting to sneak up if you’re not prepared.
You Vet Them, They Vet You
Would you loan a stranger a large sum of money without knowing their background? Neither will a legitimate Arizona Hard Money Lender. They are handing over thousands of dollars and need to know that it’s going to someone who can handle the responsibility and plan their investment properly.
Extra Up Front Fees
While Arizona Hard Money Lenders may require a loan origination fee or a smaller sum of money as a sort of earnest deposit, if you’re being asked to hand over what seems like an unreasonably large amount of money before your loan is funded, beware!
Word of mouth is a great way to make sure you’re going to work with a tried and true lender. Speak to former clients and look up reviews. There are forums that you can find where investors talk about their experiences with certain Arizona Hard Money Lenders. If you’re seeing a lot of negative experiences, it might not be the lender for you.
Contact Level 4 Funding today to learn about our funding with no hidden fees or terms.
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis Dahlberg Broker/RI/CEO
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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.