It’s important, as a real estate investor, to develop an understanding of Texas Hard Money Loans and lenders. A basic understanding will lead to an improved return on investment (ROI).
In real estate, mastering the financing of projects is one of the most valuable skills to study. As an asset class, real estate is critical and learning to use leverage correctly is powerful. Real estate financing ranges from a simple $100 thousand fix & flip project to $100 million portfolio in acquisitions. One of the avenues investors take toward their monetary goals is acquiring and developing a relationship with a hard money lender.
Texas Hard Money Loans are also known as real estate interment loans. Banks do not issue the loans, but they are issued by private lenders. In most cases, these types of loans are not issued for non-owner-occupied properties but are issued to business entities that purchase the project. Regulated state-by-state, Texas Hard Money Loans have a very chaotic and confusing market place. The Arizona Hard Money Lenders have national lenders, local lenders and everything in between.
From short term to long term verities, Texas Hard Money Loans may have terms of 12 to 24 months. Bridge loans as well as fix and flip programs are popular investment strategies for those in the hard money lending practice. Some even offer buy-and-hold loans that are like conventional bank financing with terms that may range from 10- to 15- and sometimes even 30-years. From single family rental properties or fix and flip to multifamily (500+ units), Arizona Hard Money Lenders will provide the capital you seek for your next project. In addition, Arizona Hard Money Lenders will make portfolio loans, lend on construction projects, offer refinancing, and help you’re your next commercial project a success.
Arizona Hard Money Lenders vs Private Lenders
There are certain factors that differ Arizona Hard Money Lenders and private lenders. For lack of a better term, we put one group into the amateur private lender. These include family, friends, and fools. Other private investors include those with a high net worth. These types of investors tend to not advertise their services and are often found through networking. Arizona Hard Money Lenders often advertise, work within a specified group, or under a broker. At Level 4 Funding, we have a rolodex that consists of hundreds of lenders that specialize in various segments of the real estate market.
Obtaining your first real estate loan from family and friends may seem like the easy road to certain success, unfortunately, should things go south, your dearest relationships may be at stake.
There are three things to consider when looking at Arizona Hard Money Lenders. The matters that should be considered are rates, terms, and trust. As you proceed on the path to get your project funded, the private lender or hard money lender will let you know if they can help you. If they can, then you need to do your due diligence, check the rates and compare them, check costs and terms. In the end, it is trust and capital and your ability to get deals done that will spur you to success. The number one reason for losing money in a real estate investment is lack of capital, and the number two reason is lack of reserves. Give yourself a fighting chance by developing a relationship with a hard money lender. At Level 4 Funding, we work with countless private lenders, many who are willing to work with first-time real estate investors. Call us today for a no-obligation quote.
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.