All posts by bigdaddydennis

Why 100% LTV Financing in Arizona Is Hard to Get

100% LTV Financing in Arizona is not impossible to get, but it can be challenging.

Hard money lenders are typically disinclined to approve 100% financing on a deal. It is unsettling, to most lenders, when a borrower requires 100% financing. There are 3 main reasons that most lenders won’t approve 100% financing.

1. The borrower has no experience in real estate or hard money: Not having any experience in hard money loans or real estate increases the chances that the borrower will make a mistake and this will cause both the lender and the borrower to lose both time and money.

2. The borrower isn’t financially solid: When a borrower asks for 100% financing it casts doubt on their financial situation. This can cause the lender concern about the loan being repaid. Typically, lenders feel that a borrower who isn’t risking any of their own money has very little skin in the game; and that is not a risk most lenders want to take.

3. The borrower won’t assume risk on the deal: When a borrower requests 100% LTV Financing in Arizona and therefore has no equity into an investment, it makes sense that lenders feel it would be easy for the borrower to walk away from the property, leaving the lender fully responsible for any potential losses.

100% financing is rare in commercial real estate deals. You will see it more in residential investing; and even more commonly you will see it in fix-and-flip deals. A lender is more likely to finance 100% of the project if it is a short-term deal with a clear predetermined strategy. Most lenders that finance an entire purchase will only do so for experienced real estate investors. A borrower that is new to the game will have a much more difficult time finding complete financing.

INEXPERIENCED BORROWERS NEED SKIN IN THE GAME

When it comes to investments you will always take it more seriously if you have some skin in the game. It’s a little like being a kid; remember, wanting new shoes, or a video game, or a remote-control plane? You would ask your mom or dad and they would say, “yes.” More than likely once the excitement settled down you would toss it wherever the “toys of yesterday” lived. But, remember saving your money and buying that same toy? I’m willing to bet you took better care of it. It is human nature to take care of things better if you have invested in them. If you have no money invested, it will always be easier to walk away.

What is cross collateral and how can it help you get 100% financing?

Cross Collateral is where the borrower allows the loan to be secured by equity in an additional property. Hard money loans are always backed by real estate. In cross collateral there is more than one property and at least one of the properties are free and clear—meaning the owner owes nothing on the property.

Let’s say you find a property you want to purchase for $200,000. You want to purchase this price, but don’t want to put money down on it. You also have a property that is appraised at $175,000 and is paid off. You will find lenders that will give you the $200,000 because the property you own free and clear plus the new property are enough collateral to pay back the loan if you default on the terms of the loan. That is cross collateral—and that is what you will most likely need if you are an inexperienced investor looking for 100% financing.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLCDennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions
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Understanding The Terms for Arizona Hard Money Loans

(Arizona Hard Money Loans might sound a little shady until you learn what they are designed to offer and the terms for these loans. With this information you can decide if hard money is the solution you have been looking for.)

For the most part, Arizona Hard Money Loans are short-term loans which require interest-only payments until the end of the loan term. This might sound too good to be true, but this is a very basic explanation of how these loans work. What is also important to know is that the interest rate on these privately funded loans is over 10% and can be as high as 15% or more in some cases. But if you are willing to pay that higher interest rate, then hard money will offer you some benefit that will never accompany a traditional loan.

Being funded by a private lender eliminates the process of your loan application going to an underwriting department for an evaluation and potential approval. The lender is the person who will decide the merits or your request and whether or not the loan will be approved and funded. In addition, you have the opportunity to work with the lender to agree to mutually beneficial terms in many cases. These negotiable points can include the payment schedule, how the fees are charged and what the fee structure will be and even to some extent the length of the loan.

A basic definition of a short-term loan is one year but there are cases where a lender will carry the note for up to three years. In other cases, the loan could be as short as six months. It is always important to request that the lender note in the loan documents that there is no penalty for early repayment of the loan.

Fees and Rates

Most lenders will evaluate each request based on the merits of the project and the potential for success. If the project appears to be riskier, then the interest rate will be higher as will the points on the loan. Higher interest rates can also be expected if the borrower has an unstable financial history. But all of these points can be negotiated with the lender unlike with a traditional bank. Borrowers could offer to increase their down payment amount to secure a slightly lower interest rate. This is appealing to the lender as it increases the instant equity in the project and adds security to Hard Money Loans in Texas.

Qualifying for Hard Money Loans in Texas

Each lender could have a slightly different list of documents that he or she requires for a loan application, but there are some items that are likely to be requested. These include a few personal bank statements, the purchase contract for the property, a contractor bid and scope of work for the project, and a list of the borrowers past projects. All of this information will help to determine the potential for success or failure of the project. The lender will also want to know that the borrower has the cash or other means to cover the down payment on the property and the costs and fees for the loan and the purchase transaction. With a basic understanding of the terms of hard money, you can decide if this could be a good option for your next real estate investment purchase.



Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC 
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

5 Reasons To Use Hard Money Loans

(Arizona Hard Money Loans are a very useful financial tool for many borrowers. And there are several reasons that hard money can be a great option.)

As soon as a person begins to research Hard Money Loans in Texas, the first bit of information to jump out is that the interest rate is higher than that of a traditional loan. Current hard money interest rates are somewhere between 10 and 15% for most borrowers. But paying the higher interest rate is a much better choice than missing an opportunity in most cases. Arizona Hard Money Loans are not just for people with poor credit, though they are a viable option for them. Many other borrowers choose to use hard money for its other benefits.

Hard money is funded by a private lender so one of the biggest benefits to borrowers who are real estate investors is the speed for approval and funding. The process is much faster because the lender is primarily interested in the value of the collateral and not the credit history of the borrower or his or her current credit score. The property evaluation will be used to determine the amount that the lender is willing to loan the borrower. The loan to value rate is almost always around 70%, meaning that the borrower can request a loan for 70% of the property value and no more. This process is fast and simple making hard money a viable option for a fast deal.

Arizona Hard Money Lenders are also much more flexible than the large banks and mortgage companies. There is no underwriting department who sets the terms for the loan. The borrower and the lender can sit down and agree to terms that are mutually beneficial. This can include the length of the loan, the repayment schedule and even the fees and other costs associated with the loan. In some cases, the lender will even lower the interest rate if the loan to value ratio is lower than 70% as there is more instant equity in the property. All of this flexibility can make a private lender a very valuable resource.

Easy Approval

Many borrowers fail to qualify for a traditional loan due to bad credit or even a high debt to income ratio. And in some cases, this is a sign of financial instability. But for a real estate investor, it is not unusual to be carrying multiple loans for multiple projects. Traditional lenders have no way of accounting for the types of debt being carried to offer these investors and exception. However, Arizona Hard Money Lenders will overlook this in many cases.

Multiple Benefits

Arizona Hard Money Loans offer many benefits to meet a variety of borrower’s needs. The flexibility to customize loan terms, the fast approval and funding and the less stringent personal credit qualifications help many consumers and real estate investors who need to borrow money. Private lenders are very willing to work with most borrowers and will evaluate requests to determine what they feel is a fair interest rate and cost for the loan being requested.



Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC 
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

Top 5 Criteria Needed To Secure Hard Money Loans

(Arizona Hard Money Loans have different qualifications than traditional loans. But these few tips can explain what you need to secure a hard money loan.)

Because Arizona Hard Money Loans are asset-based loans, the collateral for the loan is the primary concern of the lender. But he or she is also very interested in the borrower’s ability to make the loan payments and his or her ability to manage the project to a successful completion. This might sound like a lot to ask someone to include in a loan application packet, but it is really far less complicated than a traditional loan application.

The borrower’s ability to repay a substantial loan is obviously important to the lender. For this reason, many lenders will ask to see two years of tax returns as well as a personal financial statement. This demonstrates long-term income as well as the borrower’s current debt to income ratio. Both of these will help the lender determine the borrower’s ability to repay the loan as well as overall financial stability. The more stable the borrower’s finances, the better the interest rate is likely to be on Hard Money Loans in Texas.

The property resale value is the third critical piece of information that the lender will examine to determine if the request will be approved. In the case of a fix and flip, this will mean estimating the property value after the repairs and renovations are completed. In addition, the lender will want to know an estimated cost for the repairs to know that the property will still turn a profit and allow the borrower the ability to repay the loan.

The Borrower’s Experience

Having a borrower who has experience in fix and flip projects, rental property management or other real estate investments will provide the lender with greater confidence in the successful outcome of the project. Managing these types of projects requires skill and experience to avoid making costly mistakes. When the project is not managed correctly, time and money are lost making it far more difficult for the borrower to repay the loan. The lender wants to recover his or her investment in cash and not be forced to take possession of the collateral to recover his or her investment.

Have A Plan

Organization and professionalism are both very important when seeking hard money loans. The loan application packet will be the first tool to demonstrate a well-planned project. Not only should this packet include information about the borrower and his or her company, but it should also provide lengthy details about the project. Include the building plans and renovations, a cost estimate for renovations and the necessary timeline for the completion of the renovations. It is also helpful to demonstrate that there are contingencies in place in the event of a cost overrun for additional issues with the property or a slower than expected sale when that project is completed. All of this information is important when determining the profitability of a property and should be completed before making a purchase even if the lender does not ask to see the documents. But including this information can help to secure a more favorable interest rate or other loan terms.



Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC 
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

Tips For Securing Hard Money Loans

(Securing Arizona Hard Money Loans is not the same process as getting a traditional loan. But the good news is that this is a much easier process.)

Almost every consumer knows the process for securing a traditional loan for a mortgage or other financial need, but they also know that it involves a great deal of time and documentation just to get the application process started. But most borrowers are not at all familiar with the process of securing Arizona Hard Money Loans or even understanding what these loans can offer.

A hard money loan is also known as an asset-based loan because there is collateral required to secure the loan. In most cases, the collateral is the property that is being purchased, but it can be other property that the borrower owns if the loan is for a business startup or other need. What this means for borrowers is that the lender will be more interested in the collateral and its value than he or she is about the credit score or creditworthiness of the borrower. This is not to say that a very low credit score is not going to have a negative impact on the interest rate, but it won’t be a deal breaker in most cases.

When preparing to request Arizona Hard Money Loans it is important to prepare all of the documents with as much care and detail as you would for a traditional loan. But the list of required or recommended items is far shorter for hard money requests. It is not uncommon for a lender to request W-2s, paystubs or bank statements to verify income or employment but they are not going to require years’ worth of documentation. Documents about the property will be more critical.

Demonstrate Your Preparation

Obviously, you will be supplying photos and a financial evaluation of the collateral property, but there is more that you will need to show the lender. Prepare a detailed outline of the project which will include the renovations and repairs that you plan to make, the cost of these upgrades and the timeline for completion. It can also be beneficial to include a list of the contractors that you will be working with and list their experience level. Include some documentation for comps in the area that will support your expected upgraded value of the property as well. This can justify the sale price that you are expecting and demonstrates your plan for repaying the loan.

Sell Yourself

The success or failure of Arizona Hard Money Loans often lies within the experience level of the borrower. Demonstrating your past experience managing real estate investment properties, renovations or fix and flip projects will provide the lender with a higher comfort level in the potential success of the project. If you are light on experience, be sure to include a very detailed contingency plan in the event that the renovation uncovers additional issues or that the property does not sell as quickly as expected. This can be a plan to rent the property as well as documenting savings or other funds that will be used to carry the loan payments during the extended ownership of the property. Using these tips to prepare a hard money loan request will greatly increase the number of opportunities that you will have to choose from when seeking a loan.



Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC 
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

Are Arizona Hard Money Loans Legitimate?

(Many consumers believe that Arizona Hard Money Loans are a somewhat dishonest business operated by loan sharks. But that could not be further from the truth.)

Arizona Hard Money Lenders are either comprised of a small group of individuals who work together to lend money or a private individual who is in the business of lending money. The business is somewhat different than that of a traditional lender such as a mortgage company or a bank, but they are every bit as legal and legitimate. Borrowers should not worry that they are going to be seeking a loan from a criminal or getting involved in anything that is even questionably legal.

Arizona Hard Money Loans offer borrowers many benefits that are not a part of a traditional loan such as very fast funding and much lower stress levels. This is because there is far less documentation required to apply for a hard money loan. The loan approval is based on the value of the collateral that is going to be used to secure the loan. Another name for these types of loans is asset-based, due to the use of physical collateral. In most cases, the collateral is the real estate that is being purchased with the loan, but there are exceptions to that rule. Some people will use hard money to start a business or to fund other projects.

This huge reduction in paperwork and busy work verifying information also allows the lender to approve loan requests much more quickly. In some cases, a loan request can be approved and even funded in about a week as compared to a month or two with a bank loan. This makes hard money the perfect option for real estate investors who need to get approval and funding quickly to secure a deal. Flippers like the fact that the loans are often written for a year-long term which allows for their renovation time and resale before the loan term ends. And investors who are planning to keep a property for rental income enjoy using these loans to secure a fast sale, and then they refinance with a longer traditional mortgage when time is not an issue.

A Legal Contract

Arizona Hard Money Loans will have a loan agreement or contract, just as any other loan would. And even though the loan is coming from a private lender, the agreement is still legally binding. This means that if a borrower fails to make the loan payments that were agreed upon, the borrower can take possession of the collateral. Even if the collateral is worth far more than the loan balance, the entire amount belongs to the lender.

A Different Option

Arizona Hard Money Loans are just another option that is available to anyone who is interested in borrowing money. The terms and conditions of the loan are up to the discretion of the lender but once the agreement is signed by both the borrower and the lender, then it is legally binding just like a loan from a bank.



Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC 
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

How Arizona Hard Money Loans Work

(Most borrowers are unaware that Arizona Hard Money Loans are even available. And those who have heard of them don’t know how this lending tool works and what it can be used for.)

Arizona Hard Money Loans are short-term loans that are funded by a private lender. These loans are sometimes called bridge loans because they can be used to bridge the time between two financial transactions or to make a short-term purchase. The loans are very different from the traditional loans offered by banks and mortgage companies, and they offer some very different advantages and disadvantages.

Hard money is a legitimate business and is operated by individuals or small groups who are not burdened by all of the rules and regulations of a traditional lender. There are rules for this type of lender, but they are not as stringent as bank regulations. The hard money lenders base their loan approval on the value of the collateral that the borrower is willing to offer for the loan. In most cases, this collateral is the property that is being purchased. For this reason, another name for these loans is an asset-based loan.

What makes this type of loan appealing to borrowers is that the loan is not actually based on the borrower’s credit score or creditworthiness as much as it is based on the collateral value. That is not to say that the lender does not consider the borrower’s ability to repay the loan, but a credit score is not as critical an issue as it is in the case of a traditional loan. So often times a consumer with poor credit or no credit history can borrow from a hard money lender when a traditional bank rejected their loan application.

The Terms of Arizona Hard Money Loans

As mentioned before, these are short-term loans of about a year normally. In some cases, the loan can be paid off early without any early repayment penalty. In addition, the loan amount is only going to be available up to a specific percentage of the collateral’s value. In most cases the highest a lender will go is 80% of the collateral value. This provides the lender some security in the event of the borrower defaulting on the loan. That 20% equity means that the collateral will almost always be worth more than the balance due on the loan.

A Legitimate Option

Arizona Hard Money Loans are a legitimate option for many borrowers who are unable to finance a traditional loan or mortgage. The terms of private lender can also work in favor of the lender when structuring the repayment schedule. But borrowers need to be aware that there is always a price to borrowing money, and the hard money lender is going to charge more interest than a bank or other traditional lender. It is also important to understand that the loan agreement for hard money is legally binding, and if the borrower fails to make the payments, then the lender can take possession of the property or any collateral used to secure the loan.



Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC 
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

Understanding Private Money Lenders

(Most consumers believe that banks are the only place to go for a loan. But there are many legitimate private money lenders in Texas who can meet the unique needs of some borrowers.)

As the name implies, private money lenders in Texas are simply another resource other than the traditional banks and mortgage companies that many borrowers use. These are private individuals or even small private groups who are in business to loan money for a profit. In many cases, the borrowers are real estate investors who are looking to finance a property for a fix and flip or as a rental income property. Other borrowers are individuals who are financially challenged due to a poor credit score or other credit issues. And some borrowers are budding entrepreneurs who are in need of some money to bring their dream to reality.

The biggest benefit for many borrowers is that private lender’s fund loan requests much more quickly than traditional lenders. Part of the reason banks are slow is that they require a huge amount of documentation to be sure that you have a good credit history and can afford the loan that is being requested. But private lenders are looking more at the value of the property that you are using to secure the loan. This asset-based lending principle means that creditworthiness is not as big an issue as the value of the collateral. In most cases, it is the property being purchased, but if the loan is to start up a business, then the collateral could be your personal home or other property that you own outright.

What private money lenders in Texas are looking for is a reliable deal. They are not in business to foreclose on properties and amass a portfolio of rentals. They are planning on taking a calculated risk to make a certain amount of profit in the form of interest. To ensure the success of their deal, lenders will want to see the contract for the property purchase, photos of the property and an executive summary of how you plan to be able to repay the loan.

What Private Lenders Have To Offer

You already know that private lenders will process a loan request much more quickly than a traditional lender, but there are other benefits as well. The private lender does not need to follow the same stringent processes as a traditional lender. This means that the terms of each loan can be customized to best meet the needs of the borrower. The length of time for a loan, the schedule for payments or even the options to refinance or pay the loan off early can all be negotiated with a private money lender.

Great Benefits At A Cost

Private money lenders in Texas offer many services that are not possible when financing through a traditional lender. The speed and convenience of private lenders cannot be achieved by any bank or mortgage company. And the ability to secure the loan with collateral rather than a credit score is also a benefit to many borrowers. But these services and benefits do come at a slightly higher rate than a traditional loan. Knowing the facts about private loans and hard money can help you to make the best choice to meet your needs.



Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC 
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

Who Private money lenders in Texas Work With

(Most borrowers have no idea what private money lenders in Texas are, how they do business or who they work with. But these are legitimate lenders who work with a diverse group of borrowers.)

Private money lenders in Texas offer short-term loans to a wide assortment of borrowers. And in some cases, the loans that they offer can even become long-term if that is what the client is looking for from a private lender. One of the best features about working with a private lender is that the entire process can be customized to meet the needs of each unique borrower.

Any real estate investor who is making a lot of purchases or even those who don’t buy a lot but need to buy fast will have private money lenders in Texas that he or she works with on a regular basis. Building this relationship is like working with any other business associate who provides you with a service. These private lenders and loans are a great compliment for fix and flip specialists who want to purchase fast, complete a renovation and sell fast.

The investors who are looking to make a long-term purchase also use private lenders but for a different reason. These deals come along very quickly so the buyer needs to be ready to snatch up a hot property. Using a private loan, the investor can make the fast purchase and secure the property, and then go through the long process of securing a traditional loan to pay off the private loan. This lowers the interest rate for the long-term purchase but allows for fast possession so that no one else buys the property.

The Average Home Owner

The other common clients of private lenders are the people who are selling a home and buying a new one. It can be very difficult to coordinate the scheduling of a home sale and the purchase of a new home so that the homeowner does not need to live in a rental property for a period of time. That can be both stressful and expensive. But a private loan can be used to purchase the new home allowing the homeowner to move to the new house before placing the old house on the market. Then when the old property sells, the homeowner can refinance the new house with a traditional lender and pay off the short-term private loan.

Not Just Shady Borrowers

Private money lenders in Texas work with a variety of borrowers and for a great number of reasons. Some borrowers do have credit issues while others are very stable real estate investors who need to get a loan funded quickly for their next project house. And others are just average homeowners who want to be able to purchase a new home and move into it before they try to sell their current home. The reasons can vary, but the solution is the same for all of these borrowers. Using a private lender is the best way to meet their current financial needs.



Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC 
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

The Advantages of Private Money Lenders

(No all lenders understand what private money lenders in Texas do and how their services can be beneficial. But with a basic understanding of the benefits, it is clear why some borrowers choose a private lender.)

The hard cold truth is that not all borrowers can qualify for a traditional loan after the housing bubble burst, creating havoc for many homeowners. But those with poor credit, a foreclosure or bankruptcy in their credit history do have an alternative when they need to borrow money. Private lenders do not base their approval of a loan request on creditworthiness, as traditional lenders do. A private lender is more interested in the value of the collateral that is going to be used for the loan. This asset-based lending works in the favor of anyone with credit issues.

Another benefit of private money lenders in Texas is the speed at which they can evaluate, approve and fund a request. Traditional loans can take weeks or even months to process which can mean that someone else gets the house that you wanted. This issue of time is also very important to real estate investors who need to move very quickly when they find a good deal. Many private lenders will provide loans on a regular basis to investors who know that fast is the key to a successful loan and investment purchase.

All borrowers who use private lenders benefit from the more streamlined process of od applying for and processing these loans. There is far less paperwork required on the part of the borrower so applying is far less stressful. And with less information, the lender can evaluate the request more quickly and provide an answer and many time funding in just days rather than weeks or months.

Working With a Person

When you apply for a loan at a bank, you have a point of contact but that person has little or nothing to do with the approval of your loan. But when you are working with private money lenders in Texas you actually meet and talk to the person who will make the decision in most cases. This can be helpful when you are learning the process, or when you would like to customize the terms of your loan. Things like the loan term, the payment schedule and even some of the fees are up to the discretion of the lender that you are working with.

Personal Service

Private money lenders in Texas are simply another option for borrowing money when a traditional bank or mortgage company does not meet your needs. They are in business to make money by lending money just as banks and mortgage companies do but in a more personal manner. The loans can be customized to terms that are more satisfactory to you as the borrower and to the lender. The cost of this personal service is a little bit higher interest rate, but many borrowers feel that this higher cost is well worth it for personalized service and favorable loan terms.



Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC 
Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions