Make sure you have all the facts about Colorado hard money lenders before you make the call on who is going to fund your next investment project.
If you’re familiar with the investment and lending industry then you’re sure to have heard of Colorado hard money lenders, and if we had to guess there have been some negative pieces of information attached to what you’ve learned. Why is that?
In our experience, Colorado hard money lenders get a bad rap because people use them for the wrong reasons. Here are some scenarios where using Colorado hard money lenders might not be beneficial for you.
If You Have Good Credit and Income History
This doesn’t mean that people with good credit and income can’t use Colorado hard money lenders to fund their investment, but it’s especially helpful for those that don’t. If you fit into the first category it may be the right path for you to go through a traditional lender, but if you don’t we can help. We overlook bad credit and get you the money necessary to invest in real estate.
If You’re Looking for a Long-Term Loan
If you’re looking to snag a loan for a long-term investment scenario, Colorado hard money lenders are not the way to go. The higher interest rates can be a deterrent and quick payback times don’t fit the traditional lending mold. However, if you need cash quick and are going to be able to pay it off quickly, it is most definitely your best bet.
If You’re Not Prepared to Flip
Colorado hard money lenders approve their fund disbursements based on a business plan. We need to know where our money is going, what it’s doing, and the likelihood it will be returned. Our strongest clients come to us with a well thought out business plan. That’s not to say that first-time investors won’t get approved, but without the knowledge and skill to make the money work for you, it won’t work for us either.
If you feel that working with Colorado hard money lenders rather than a traditional bank sounds like the way you want to go, we can talk you through the process and discuss your investment opportunity with you. Call Level 4 Funding today to learn more!
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 and 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.