Are you tired of working with banks for all of your loan needs? Are you in search of more individualized loan options? Are you aware of how Arizona Hard Money Loans can benefit you? Read more below to learn about private money lenders who offer them, and much more!
Being rejected by a bank can feel like the end all be all—what next? Fortunately, there are other types of loan options if you just can’t gain the bank’s approval, or if you are looking for a more personalized lending source.
Public lenders like banks or credit unions may seem like the only way to go, because they are in the public eye. However, there are private companies and investors who may offer the solution ton all your financial needs. Private investors offer hard money in an attempt to save the borrower time and offer an alternative loan borrowing experience to borrowers who are having trouble proving their reliability to lenders.
What is Hard Money?
Arizona Hard Money Loans are great options offered by private lenders.
Benefits of Arizona Hard Money Loans include:
· Speed: Arizona Hard Money Lenders offer speed that is unmatched by public money lenders. For example, Arizona Hard Money Lenders can sometimes get the ball rolling within the week, if not 24 hours. Public lenders like banks will need at least a month to process your loan request. In urgent cases, like competitive markets and foreclosures, speed can make all the difference within your project.
· Flexibility: Unlike a traditional lender, untraditional lenders have flexibility within their approval process. If you aren’t approved by a bank, you can still be approved by a private investor. Financial history is not as important to them if you can prove you are a reliable lender with solid plans for your real estate project.
· Individualized loan experience: Private money lenders can work with you for a custom loan borrowing experience. When you work with a private lender, expect to have real conversations with people who are looking out for your best interests. Investors won’t automatically jump on board with your plans, though they will provide custom options for you and work reasonability within your project to ensure a great project with potential succeeds.
Differences Between Private and Public Lenders
There are a few differences between private and public lenders you need to know before committing to this loan decision. Speed, flexibility, and customization come with a price. Literally. Many borrowers are willing to pay it if their financial situation is urgent, but you need to know rates may be as much as 5 percent higher than other interest rates on the market. Additionally, some lenders may also have some added fees. Visit your local private Arizona Hard Money Lenders at Level 4 Funding. Finding Arizona Hard Money Loans in Arizona shouldn’t be difficult, and your experience with your lender doesn’t have to be. Call us today!
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About: 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.
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