Category Archives: Arizona bridge loan

Top Situations where a hard money loan is best

A hard money loan is any loan secured by a “hard” asset (i.e., An Asset-based loan). This type of loan can be your best option especially if you need financing to construct a new facility, to renovate a distressed property or if you need to make a purchase quickly.

Asset-based loans are typically short-term loans and are more expensive than traditional financing. Because of this higher expense, it is easy to ask, who would want this type of funding in the first place?

An asset-based loan is especially useful for real-estate investors who are speculating on a quick turn around when it comes to their project. Traditional lenders avoid relying on this kind of speculation.An obvious example is a fix-and-flip project, banks avoid financing these projects because there is no guarantee of a profit and the borrower could default in the end. Traditional banks are also wary of construction loans because they have to rely on the borrowers assumptions and success isn’t guaranteed.

A hard money loan can be the help you need if you need to fund a renovation or construction project

There are other reasons to consider asset-based lenders for renovation or construction projects. Typically a bank raises funds for a mortgage by reselling it to a government agency like Fannie Mae or Freddie Mac. Banks won’t be able to resell any mortgage on a distressed property that falls short of FHA guidelines.Therefore a typical bank will likely deny your application if you are trying to renovate a distressed property. Asset-based lenders raise their funds from private investors and have money on hand, allowing them to see past the poor condition of any property you intend to rehabilitate.

The situation can become complicated if you finance your construction loan with an ordinary lender. Banks disperse construction loans according to a specific timetable and specific benchmarks. The lender could withhold funding if your projecting doesn’t go according to plan. This scenario could be a disaster and could leave you unable to pay your contractors or to continue your project. The regulations that stifle traditional banks don’t hamstring asset-based lenders so you can get increased flexibility when it comes the terms of a construction loan.

However, asset-based lenders outshine traditional banks when it comes to time-sensitive purchases.

When it comes to time-sensitive purchases, a hard money loan can be a win-win solution

A typical bank loan usually closes within 120 days, and the best investment properties don’t stay on the market for long. Even the most qualified borrower won’t see their application go through any faster because banks have to comply with their own guidelines and with government regulations.

Asset-based loans can close within a matter of days allowing you to complete a time-sensitive purchase. An asset-based loan gives you the flexibility to then refinance to a long-term mortgage, or to sell the property for a profit.

In short asset-based lenders are ideal for borrowers who know the potential of their project, who need flexibility or who need cash quickly to make the most of a potential investment.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
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How You Can Solve Your Commercial Loan Woes with the Help of Hard Money Lenders

If you can get a loan, you can catapult your business into the next echelon, so why not shoot for the stars? When you are having trouble getting your commercial loan approved, it might be time to seek the assistance of hard money lenders to get you the cash you need.

Whether you are a first time investor looking at purchasing a property or a new business owner that needs cash fast to get your business off the ground, commercial loans can be a godsend. However, sometimes as a first time borrower, traditional lenders might be a little skeptical of loaning funds. That’s when hard money lenders come in handy. Just when you think you might not be able to get a loan at all, you’ll see that they can help you make your business and investment dreams come true.

Just as with any loan situation, there will be challenges that arise along the road. You will need to be prepared to handle any situation by working closely with your hard money lenders to find a win-win solution. Sometimes it’s a matter of finding the right lender for the type of investment or business you have. Sometimes it’s a document or statement you’ll need to provide. Be flexible and patient, while the process can at times be frustrating, it’s important to have a lender you can trust to guide you through it all.

For investors and new business owners looking to purchase property, there are many types that these lenders specialize in like foreclosure properties, “fix and flips”, short sales, construction loans and land loans. These loans are also beneficial for business relocation that needs to happen fast as well as for borrowers that do not have the best credit score or history.

These lenders are very different than conventional bank lenders.

It’s important to know that dealing with conventional lenders are a totally different story – their application process is very detailed and often quite lengthy. There is a lot of bureaucracy and “red tape” that can be avoided with hard money lenders. If you’ve applied for this type of loan in the past, you know the road can be long and arduous. Luckily, that’s not the case with non-traditional lenders and alternative lenders offer many benefits – including an easier application process and quicker turn around time.

It starts with the right lender.

The lender is just as important as the loan itself. It becomes something of a partnership, so finding a lender you can rely on is very important. You will want to ensure they can guide you through the process but also won’t take advantage of you either. Ask around to see if business associates or friends can refer a great lender they’ve worked with in the past. Look for a local lender and don’t be shy about meeting with them and asking questions prior to agreeing to move forward. Once you find the right lender, the road to getting your loan will be much smoother!

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Understanding the Two Major Types of Commercial Loans

When you begin to explore commercial loans, it can appear that there are an unlimited number of options. But you will find that in reality there are two major types, recourse and non-recourse.

There are a myriad of different terms involved in commercial loans, but none should be as important to the borrower as determining if the loan is recourse or non-recourse. In almost every loan on a commercial property, the main collateral for the loan is the property itself. But commercial property value can and does fluctuate much more rapidly than residential property. In some cases a repossessed property is not worth the remaining balance on the loan. For this reason, lenders want to have additional security in the event of a default on the loan. With a recourse loan, the borrower guarantees full repayment of the loan amount due. In a non-recourse loan the lender agrees to settle for the value of the property as full repayment even if the property value is less than the balance due on the loan.

Borrowers should however temper their desire to protect themselves and their personal financial well-being with a non-recourse loan and the extreme flexibility that can be achieved with a recourse loan. As with most things in life, you get what you pay for, and added features and benefits cost more. So the personal financial protection of the non-recourse loan costs you in the form of higher interest rates. That only makes sense as the lender is assuming a greater risk of losing money if you default on the loan. In addition, lenders can also include stipulations about cash flow and maintenance schedules for the property on a non-recourse loan. This is simply another way that the lender is protecting their investment by ensuring that the building, their collateral, is being well maintained to protect the property value.

When to Choose Recourse Commercial Loans

A recourse loan offers borrowers many more options and flexibilities during the course of the loan as well as a lower interest rate. Because of the added security, lenders are more willing to accommodate borrowers. If you want flexibility to customize the loan structure and the payments then recourse is a good choice. You should also select a recourse loan if there is a chance that you will want to restructure after the closing of the loan. If the property that you are purchasing is under construction or is in a distressed condition, you will most likely also need to use a recourse loan as lenders are not willing to extend the greater risk non-recourse loan to a property with questionable value.

Who Should Select Non-Recourse Commercial Loans

If you are planning on keeping the property you are purchasing for the full term of the loan and do not foresee needing to change the loan or its terms for the lifetime of the loan then a non-recourse loan is a good choice. The non-recourse is also important if you are not willing to or able to risk your personal financial well-being on this business property investment. Understanding the main difference in these two types of loans will allow you to select the financial tool which best meets all of your needs.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Defining Working Capital Commercial Loans and Their Good and Bad

Do you wish you could obtain working capital commercial loans to help your business? Level 4 Funding shares the pros and cons of these loans.

The amount of cash a company has to cover standard business operational needs like employee payroll, rent, monthly utilities, paying vendor and more is called “working capital.” Working capital can really come in handy if a new or growing business hits a slow patch or is having growing pains while expanding. Without an extra cushion of working capital to cover these everyday expenses, a company could go out of business or have to file bankruptcy or foreclose on their property. So working capital commercial loans really can be the difference between your company’s success and its downfall.

Working capital loans have lots of benefits. They generally have a very quick approval process, which means you can receive the money you need often inside of a week after the loan is approved. Unlike other types of conventional loans from traditional lenders, there are no stipulations on how the funds from the loan are used. The application process is not as complex as others can be and even if companies don’t have perfect credit or are still establishing credit history, they can still have a chance of getting approved for these types of commercial loans.

There are some drawbacks to these loans, as well, that lendees should know about. For example, due to the fact that they are bit more lenient in some ways, such as credit check and application process approval, these loans typically require that borrowers to put up a specific amount of collateral to obtain the loan. Because they have shorter terms, working capital commercial loans also have higher interest rates than longer-term loans from conventional banks’ repayment schedules.

These loans are ideal for businesses that aren’t “typical” and therefore don’t usually have an easy time getting loan approval from other lenders.

Sometimes lenders require the funding to be used in a certain way (such as for equipment like machinery or computers). But because working capital loans don’t, this can be beneficial for companies that don’t need equipment or small or new businesses that could really use the cash to get up and running or through a difficult patch when cash flow is tight. This is also great for niche companies that need supplies or equipment that doesn’t fall in the typical range of what traditional lenders recognize.

If you need cash and you need it now, this is the type of loan for you — and there are lots of lenders that specialize in this exact type of loan.

It’s important to work with a trusted and experienced lender — regardless of the type of loan you need.

Regardless of your business status, credit history or any other factor, it’s important to deal with a lender that you trust to get you the best loan for your needs with the best terms. Do some research on local lenders in your area that specialize in these loans and don’t assume the first lender you meet with will be the right one. Be patient and don’t jump into this important decision too quickly.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Tips to Obtaining Hard Money Loans Fast

Hard money loans are used for short-term projects, usually ranging from as little as 30 days to 5 years. But these loans also come with higher interest rates. But if you need to get extra finances quickly, this type of funding is the right choice for you.

Fast approvals are usually quite easy when it comes to hard money loans. On top of quick approvals, these loans also come with high flexibility and less documentation is required for approval. Usually they are used as a last resort when unable to get a mortgage, but it can be well worth it.

If you are looking to finance a real estate investment, this type of funding is very beneficial in its own ways. The application process is much shorter compared to other loans. Financial history of course does play a role, but other factors come into play as well. Many lenders aren’t concerned with the present value. Their main concern is to see that in a short time, they will be able to make their money back on the investment, including interest.

Since lenders are looking more at the final project, making plans for the property plays a big part and can help you get hard money loans even faster. Most of the time, funding is provided in just a couple of weeks. But if need be, you sometimes can get the funds as little as just a few days, all depending on the lender and certain circumstances.

The first thing to do to obtain a loan quickly is to gather all of the important documentation.

Gathering all of the important documentation and information needed for lenders is one of the most basic factors for a speedy process. Things that lenders are looking for include: what kind of property you are looking to invest in (residential, commercial, industrial or land), the estimated value of the property, the requested loan amount and how the loan with be paid back (this includes the terms of loan, the length and monthly payments).

Not only is the process of getting funds quick, so is the application.

Unlike other loans, hard money loans come with much easier applications. In fact, the application is only 5 pages long. The entire process will even go quicker if you are able to present all of the information that the lender needs sooner rather than later. This is why organization of all of your documents and plans come in handy.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Why Commercial Real Estate Loans are Beneficial for Small Businesses

It can be exciting when it is time to expand your new business, but it can also be stressful when you need to start looking for extra funding for your expansion. Applying for commercial real estate loans can be a grueling process, but in the end, it is well worth it.

Always do plenty of research and compare all of your options. This way, you will be prepared and know what to expect. Working with a lender you can trust is very important because then you will feel comfortable asking all of the questions you need to ask to ensure you understand everything. Commercial real estate loans can be used for many things like a new location for your business, renovation of your current location or expansion of your current location. Really, you can use it for any of your real estate needs. Especially if you are looking to purchase new property. This can cost a lot, leading to the need of extra financial help.

Find the right lender to work with. They will open with you about the entire process and will discuss the terms and fees that come with borrowing. Reputable and honest lenders will discuss with you what will happen if you decide to pay off the loan early. In this case, you may be responsible for some fees. If you are open and honest with your lender from the beginning, then you will not be hit with any hidden terms or hidden fees.

Interest rates will also vary when it comes to commercial real estate loans. It will depend on many things like your credit history, financial situation and type of business. These loans will usually come with higher interest rates than compared to other types of loans. The interest rates can fluctuate, but the average rate will most likely be between 3.5 percent and 6 percent.

Be prepared to now only pay higher interest rates, but also higher additional fees.

Upfront fees and additional costs aren’t that uncommon for commercial real estate loans. Just like with interest rates, these additional fees are going to be higher with these type of o loans. Some of these fees could include: legal costs, loan application fees, survey fees, property appraisal or even an annual fee.

Higher interest rates and higher fees can be difficult, but working with the right lender will make it worth it in the end.

There are many reasons for why you may need to extra funding. And even though it takes some time, work and a little bit of stress to apply for extra funding, if you work with the right lender and are prepared with what to expect throughout the process, then all of your hard work will pay off.

.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

How to Avoid Phony Hard Money Lenders

Some phony hard money lenders have ruined it for a lot of lenders in the industry, as now many are looked at as money sharks. It is important to steer clear of the fake lenders and only deal with the real ones that you can trust.

There are many respectable hard money lenders out there and you can easily spot the fakes one if you pay attention to the red flags. Nothing can be a bigger sign than poor grammar and misspellings in the actual documents. This is one of the biggest signs that you are probably not dealing with a lender in the United States. It is always a smart move to work with a local lender. Also, be cautious of the number of types of loans they offer. You want to find a lender that specializes in hard money. It is usually a scam when a lender offers multiple types of loans like business loans, personal loans, home loans and car loans all in one place.

When it comes to a hard money loan, it usually requires some form of collateral to secure the loan. If you get an unsecured loan, that could be a sign of trouble. You never want to deal with those and also be wary of having to pay any large upfront payments. A large amount required at the beginning of the process is always a bad sign. Usually, only a small amount should be required as upfront payment.

A very low interest rate, ranging between 2 percent to 4 percent, along with no requirement of monthly payments, is also a sign that you should probably not deal with those hard money lenders. There is such a thing as too good to be true and these types of terms is usually what that means. Also, avoid lenders who do not have any websites or establish company emails. Scammers are known to use generic emails like Yahoo, Gmail or Hotmail. There should be no reason that you need to search hard for any proof of their reputation.

All reputable lenders will have a website that contains basic information about them.

It is always a good idea to do your research and homework on any company that you decide to work with when it comes to dealing with finances. The website should always include information about where their physical location is, contact information, information about recent loans they have closed on and reviews. Scammers will often not have a website at all, or try to include as little information as possible. If you are still unsure, you can always check on their licensing. It is not a requirement to be licenses with the Better Business Bureau, but it is always a good sign when they are.

Pay attention to all of the documents and offerings.

Reputable hard money lenders will always be upfront about the programs they offer. They usually provide a sheet listing their terms along with a commitment letter. If you are being pressured on the spot to make a decision right away, then you should probably look for another lender. You will usually be given enough time to do your own research to make the right decision.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

How to Buy and Sell a House With an Arizona Bridge Loan

When you find yourself needing to transfer, shopping for a new house whereas promoting your
current house will be a hectic and difficult course of.  A Brief time period Arizona bridge loan will be a helpful took
to guarantee you’re able to purchase the house you need and promote yours extra simply.
 While you purchase your
first house, you in all probability don’t suppose an excessive amount of concerning the timing aside from
points like nobody needs to transfer in the summertime or when your lease is up at your
present rental. Nevertheless, as soon as you’re looking to improve out of your starter house
to one thing bigger, timing develop into important. Most consumers want to use funds
from their present house to fund the down fee on their new house. In an perfect
world, you’d have the option to shut on your private home within the morning and shut in your
new house the afternoon of the identical day. This sounds perfect however it hardly ever
occurs. Due to market situations and the stress of displaying a house, attempting to
promote and purchase on the identical time can appear virtually unattainable.You could discover
your self caught between a rock and a hard place. Though you possibly can qualify for
each house loans, you possibly can’t produce a down fee for the brand new house with out
promoting your current house. Your property will not be getting any affords as a result of a lived
in house doesn’t present in addition to a vacant or staged house, however you want
someplace to reside till you should buy a new house. An Arizona Bridge loan is a specialised kind of brief time period loan that may
assist.

Arizona Bridge loans are brief time period loans meant
to assist bridge the hole between promoting your private home and shopping for a new property. A
bridge loan is a brief time period loan that you may get as well as to a house
mortgage to cowl the down fee. You’ll make funds on the bridge loan
till you promote your first property and pays the loan again in full. The
bridge loan is contingent on the fairness within the house that you’re promoting. An Arizona Bridge Loan has low debt to earnings
ratios and no set quantity of paperwork for closing. Moderately than being based mostly on a
FICO rating or earnings quantity, bridge
loans
are based mostly on what is sensible for every monetary scenario.

Advantages of  An Arizona Bridge Loan

Bridge loans
have a number of advantages for the borrower. Specifically, they permit them to put their
current house in the marketplace with out being inconvenienced with appointments for
showings. As a result of the homeowners have already bought and moved into their new
house the house in the marketplace will be de-cluttered and staged for optimum displaying.
Staged houses promote extra rapidly and for increased greenback quantities that houses that
are lived in throughout showings. If getting prime greenback in your house is your aim,
a bridge loan might show you how to transfer into your new house in order that your current house
exhibits at its greatest.
 
One other good thing about a bridge loan is that many don’t
require funds for a couple months. Some mortgage brokers can get offers the place
you gained’t make funds on a bridge loan for up to 4 months. If you’re ready
to promote your private home throughout that point you gained’t ever have to make a month-to-month
fee on the bridge loan as you should utilize the money you get from promoting your
house to pay it off.

If
a an Arizona bridge loan seems like a good possibility for you, discover a mortgage dealer in
Arizona to get began on the appliance course of. 

Bridge loans may also help you discover and purchase “the one” earlier than your private home sells. You may all the time make a contingency provide, which means that you’ll buy the house when yours sells. Nevertheless, if you’re in a a number of provide scenario or a vendor’s market, having a contingency provide accepted will be tough. A bridge loan offers you the money you want to purchase the house earlier than your private home sells.



Name our workplace at this time to study extra about how bridge loans may also help make your desires come true!


 

Dennis Dahlberg Dealer/RI/CEO/MLO

Degree four Funding LLC
Arizona Tel:  (623) 582-4444 

Texas Tel:      (512) 516-1177 

dennis@level4funding.com

www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120 | Phoenix | AZ | 85027

111 Congress Ave |Austin | Texas | 78701    




 
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In regards to the creator: Dennis has been working in the true property trade in some capability for the final 40 years. He bought his first property when he was simply 18 years outdated. He rapidly discovered concerning the wonderful funding alternatives supplied by trust deed investing and hard money loans. His want to assist others make money in actual property investing led him to specialise in various funding for actual property traders who might have bother getting a conventional financial institution loan. Dennis is captivated with various funding sources and sharing his data with others to assist make their desires come true.
Dennis has been married to his great spouse for 38 years. They’ve 2 stunning daughters four wonderful grandchildren. Dennis has been an Arizona resident for the previous 32 years.

 

3 Ways an Arizona Bridge Loan Can Lend a Helping Hand

If you end up in a scenario the place there may be a hole between anticipated earnings and present bills, an Arizona bridge loan  will help. Designed to be a quick time period loan, there are lots of ways in which bridge loans can lend a serving to hand when you end up in a monetary bind. 



An Arizona bridge loan is a quick time period loan that’s designed to “bridge” the hole between anticipated earnings and a present expense. Bridge loans are a little identified loan sort that may be very useful in a number of monetary conditions. Listed here are three ways in which an Arizona bridge loan will help you.

1. You want a down cost. In case you are promoting a dwelling whereas concurrently buying a new one, you might be most likely counting on the sale of your present dwelling to finance your down cost. This makes it unimaginable to maneuver earlier than you dwelling sells, even if you happen to can qualify for each mortgages. You should utilize an Arizona bridge loan to borrow your down cost. You’ll use the fairness in your present home (the one in the marketplace) to safe you bridge loan. The loan would then be used as a down cost and paid again after your private home sells. This lets you transfer earlier than your private home sells.

2. You personal a enterprise and have an expense earlier than anticipated earnings is available in. In case you are ready on a huge test however have an fast expense, a bridge loan could be a nice quick time period choice to pay money owed you owe. As soon as your earnings materializes, you utilize it to pay again your bridge loan.

3. You expect a windfall however have bills earlier than it will get there. Whether or not it’s an fairness cost, lottery cost, and even an inheritance, a bridge loan will help you pay what you have to whilst you look forward to it to come back in. As soon as it does, you utilize the funds to repay the loan.

If you end up in a scenario the place you’d profit from an Arizona bridge loan, name a mortgage dealer at present!

We will help you with all your bridge financing wants. Name our skilled loan officers to get began at present!

 

Dennis Dahlberg Dealer/RI/CEO/MLO

Stage four Funding LLC
Arizona Tel:  (623) 582-4444 

Texas Tel:      (512) 516-1177 

dennis@level4funding.com

www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120 | Phoenix | AZ | 85027

111 Congress Ave |Austin | Texas | 78701    




 
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In regards to the writer: Dennis has been working in the true property trade in some capability for the final 40 years. He bought his first property when he was simply 18 years outdated. He shortly discovered concerning the superb funding alternatives supplied by trust deed investing and hard money loans. His need to assist others make money in actual property investing led him to concentrate on various funding for actual property buyers who might have bother getting a conventional financial institution loan. Dennis is obsessed with various funding sources and sharing his information with others to assist make their desires come true.
Dennis has been married to his great spouse for 38 years. They’ve 2 lovely daughters four superb grandchildren. Dennis has been an Arizona resident for the previous 32 years.

 

3 Things You Need to Know About an Arizona Bridge Mortgage

In case you are attempting to promote your private home whereas concurrently shopping for a brand new one, an Arizona bridge mortgage could be an possibility that you just want to look into. A bridge mortgage is a brief time period loan that may assist you buy a brand new dwelling whereas yours remains to be available on the market. 



Promoting a house whilst you nonetheless stay there may be demanding. Many owners really feel they don’t have the choice to purchase a brand new dwelling earlier than they promote theirs as a result of they’re counting on the sale of their dwelling to finance the down fee on a brand new dwelling. If you end up on this scenario you might have considered trying to consider the dangers and advantages of an Arizona bridge mortgage.

A bridge mortgage, or bridge loan, is a brief time period loan that’s designed to bridge the hole between an expense (like a brand new down fee) and anticipated earnings from the sale of your private home. Bridge loans are rapidly gaining recognition amongst debtors as a result of they’re low threat and excessive reward. With an Arizona bridge mortgage you may borrow the down fee on a brand new dwelling utilizing the fairness within the dwelling you presently personal. It’s comparable to a house fairness loan however it may be taken out on a house that’s actively available on the market.

One of many key benefits of an Arizona bridge mortgage is that it permits you to transfer whereas your private home remains to be available on the market. That is splendid for households with youngsters whose properties could not present nicely, or can be splendid when you want to transfer rapidly for work. As soon as your private home sells you employ the proceeds to repay your bridge loan.

What You Need to Know If You are Contemplating an Arizona Bridge Mortgage

In case you are interested by getting a bridge loan, there are some things you want to know to be able to make an knowledgeable selections.
1. A bridge loan has larger rates of interest. Brief time period financing like bridge loans are excessive threat loans for lenders, that means you’ll pay extra for them. Nonetheless, many lenders supply grace durations of up to three months. When you can promote your private home and repay your loan in that period of time you will not find yourself paying any curiosity.
2. You have to have good credit score. Not to get a bridge loan per say, however you have to to find a way to qualify for each mortgages since you’ll personal each properties, at the least for a short while.
3. There are charges. All in all, a bridge mortgage will find yourself costing about $2,000 for value determinations, lender charges, and shutting prices. Hold this in thoughts when you find yourself budgeting so you are not caught off guard.

Upon getting evaluated the dangers and advantages of an Arizona bridge mortgage, discover an Arizona private lender to get the loan course of began right now.

Name our certified employees at Degree four Funding to get your bridge mortgage authorised right now!

 

Dennis Dahlberg Dealer/RI/CEO/MLO

Degree four Funding LLC
Arizona Tel:  (623) 582-4444 

Texas Tel:      (512) 516-1177 
dennis@level4funding.com

www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120 | Phoenix | AZ | 85027

111 Congress Ave |Austin | Texas | 78701    




 
 You TubeFace Book  Active Rain  Linked In
About the creator: Dennis has been working in the true property trade in some capability for the final 40 years. He bought his first property when he was simply 18 years outdated. He rapidly realized concerning the wonderful funding alternatives offered by trust deed investing and hard money loans. His want to assist others make money in actual property investing led him to specialise in various funding for actual property buyers who could have hassle getting a standard financial institution loan. Dennis is keen about various funding sources and sharing his information with others to assist make their desires come true.
Dennis has been married to his great spouse for 38 years. They’ve 2 lovely daughters four wonderful grandchildren. Dennis has been an Arizona resident for the previous 32 years.