Category Archives: Arizona hard money home loan

How to Use Spec Construction Loans for Investing in Real Estate

Are you thinking about purchasing an existing property or rehabbing a property in need of repair? If you are, you’ll want to investigate builder or spec construction loans. These loans are used to finance single property, multi-unit residential properties or commercial buildings to sell for a profit.

A number of projects with high Return on Investments (ROI) are passed up because the builder/speculator cannot secure a conventional construction loan from a bank. Hard Money spec construction loans can be used for new builds, rehabilitated older property to be sold for a profit, a group of homes, a multi-family dwelling or a commercial property. If the project makes sense, and you can cash flow the higher interest rates for the loan, then a hard money loan is right for you. They are easier and quicker to secure with little concern about credit or income details, so long as the project makes sense and the builder/developer has sufficient experience. A concern will focus on the profitability of the project.

Hard money loans are short term in nature. These loans can be used for the purchase of a new property or refinance an existing project. These loans usually do not cover the carry cost during construction but you can fold into the loan cost of construction/renovation plus a short period for selling or renting the property. At closing these loans (spec construction or rehab) will have an escrow established and disbursements (draw) for each stage as the project is completed, pay for the property or refinance of an existing one. Payments on the interest are often due fro the first month. Borrowers will need enough cash reserves or cash flow to pay the holding costs, including but not limited to the payment on the loan, taxes and insurance.

The construction loans are draw loans, in other words, as the stage of construction is completed and the city/county and loan company’s inspector signs off, the lender will pay (issue a draw) for that stage of the project. You need to have enough funds to float these expenses until these funds are released.

Some of the Different Types of Loans

Fix and Flip: Do not miss an opportunity. Hard Money loans offer you the opportunity to purchase the property, rehab and sell for a handsome profit. You will need to demonstrate that you have the experience and expertise to buy, rehab and sell for a profit. Purchase and Rehab: If you have a property that is old and rundown, you will need to demolish it and rebuild to the expectations of today’s buyers or renters. Spec Construction Loan or Purchase and Build: If you have a lot and want to build a home or multifamily project, then this loan is your vehicle to begin the project. No owner occupied and only for resale or rental income.

In order to qualify, consider the following: Underwriting based on asset, no proof of funds or seasoning required, no 4506’s, foreign nationals are welcome as well as most credit scores. Having experience in building/marketing real estate is also an important consideration.

You’ll find terms up to 20 months interest-only payments, minimum loans that vary, but can start at about $350,000, and 4 to 7 points with interest rates that are typically around 10 percent. If you are considering proceeding with a purchase or rehab of a property, contact Level 4 Funding to team up with you and guide you to the loans that best fit your needs.

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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What is Hard Money?

Many people have heard the term hard money but they do not have a good understanding of what it is or how to use it. Having this understanding can open up many opportunities for borrowers.

Hard money is a type of loan which is offered to a borrower based on the value of the collateral and not the personal financial position and history of the borrower. This type of loan is sometimes referred to as asset-based loan financing. The collateral is normally real property as opposed to personal funds in a retirement account or other material goods.

Because of the unique nature of a hard money loan, the lender is not the traditional bank or credit union that most borrowers are familiar with. These types of loans are offered by private investors or private investment companies. Being that the loan is from a private entity, the terms, conditions and processing time of the loans is quite different from the traditional bank loan application and process. Lenders are free to tailor each loan as they see fit and to meet the needs of the borrower. This is because the lenders are not regulated by state or federal law as traditional banks and lenders are. But these private lenders are still in business to make money so there are best practices which most hard money lenders follow.

As mentioned before, the loans are secured with collateral which is real property. To assure that the investment is protected, lenders use what is called loan to value when evaluating a loan request. The amount of the loan is determined by the value of the collateral property. Most lenders are willing to loan 65% to 75% of the value of the collateral. This insures that the collateral will always be more valuable than any outstanding balance on the loan.

There are Pro’s and Con’s

Asset based lending offers a borrower opportunities based on criteria other than personal credit and financial standing which can be very helpful. In addition, the terms can be very flexible to meet the borrower’s needs. But the lender is also seeing some benefit from funding the loan. The interest rate on these private loans is normally higher than that of a traditional bank loan. In most cases these private loans offer interest rates above 8% and they can range up to as much as 25%. But borrowers are willing to pay the higher rate to secure the loan that they need.

Shop Around

Just as when applying for a traditional loan from a bank or mortgage lander, it is always a good idea to shop around for the best rate and terms available. There are more private lenders out there than most people are aware of. With the higher interest rates of private loans it is even more important than ever to secure the best rate possible. Investing a little time to find an appealing interest rate on a private loan can save you a great deal of money over the life of the loan.

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
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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 Develop an Exit Strategy When Obtaining a Hard Money Loan

An exit strategy is, in essence, your plan for paying off your hard money loan. It is a plan that you will want to develop before you sit down with a lender.

Exit strategies are crucial for obtaining a hard money loan. Many of these lenders offer interest-only payments as you develop or renovate your project. They obtain the big payoff upon completion when you have succeeded in your “exit strategy” and can repay them in full. For those of you in the fix & flip model, your exit strategy is fairly easy to define. You rehab and then sell the property.

Selling the property, then, is your exit strategy. Because timelines can change in the world of construction and rehab as well as finding qualified buyers, it will be important that you look for a hard money lender that does not charge a prepayment penalty. You’ll also want to come to the table with improvement plans that include costs and potential market value as well as comps and average time on the market.

If your real estate segment falls into the buy-and-hold model, selling will, obviously, not be an appropriate exit strategy. A strategy that does work is refinancing. Many traditional lenders that offer lower interest rates with longer terms will not loan on properties in poor conditions. Once you have the property renovated and a suitable tenant, your chances of obtaining a traditional loan are greatly elevated. It could be that you needed a loan quickly to jump on a property that just hit the market. Many investors obtain funding from their hard money lender in order to accomplish a quick buy and then refinance at a later date.

The Sale of Assets

The sale of other assets such as real estate or accessing additional funds such as money from IRAs, the stock market, or business interests is another exit strategy. You may wonder why, in this case, the borrower wouldn’t just dip into their additional assets and bypass the loan process all together. For many investors, time is a crucial component in their investment strategies and waiting while other assets sell may cause them to miss a prime property or opportunity. In essence, you are obtaining a bridge hard money loan. These types of short-term loans simply “buy some time” and act as a “bridge” from either one loan to the next or one property to the next.

Don’t feel like you have to stick with one exit strategy. Blended strategies can often be the best solution depending on the situation.

And just what is a blended strategy? This type of exit strategy utilizes a combination of all of the above to create a strategy that works the best for your particular situation. For instance, if you cannot obtain the full loan amount upon completion of the project, you can sell an asset and reduce the LTV so that a traditional lender will consider financing. Whatever your exit strategy, be sure to check with Level 4 Funding before obtaining your hard money loan. We have years of experience and can help you develop an exit strategy that works well for your project.

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
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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

Commercial Lenders

Before you go in search of your first commercial lender, you need to determine just which sector of this lucrative investment strategy you are going to invest in. Let’s look at one of the most popular CRE investments—offices—and find out what’s hot for 2018 and where savvy investors are plunking down their chunk of change in order to increase their ROI.

And once you’ve developed a plan, stick to it. Many an investor has let their limbic system, the emotional overriding component of their brain, waylay them from their chosen investment strategy. So, let’s take a look at offices and see if this might just be the CRE investment strategy that you’ve been looking for.

The office building asset class accounts for about 20 percent of the total CRE market. This segment of the market can be volatile, so it’s important to know just what to look for in this arena. The overall economy is an important consideration as well as the projected job growth when choosing a particular market. Look for a declining vacancy rate and a rising absorption rate. Include the surrounding communities in your assessment as they will have a strong impact on your strategy and market. According to Statista, vacancy rates in office space are forecasted to decline from 12.9 percent in Q4 2017 to 12 percent in Q2 2019. In the first quarter of 2017, office space beat out every other segment in commercial construction starts including retail, warehouse, hotels, amusement and parking garages with a whopping 6.6 billion.

Office assets are usually assigned a quality rating, similar to multifamily units. Their standards can vary depending on the local market, but will be important to your commercial lender.

· Class A: These high-end properties are usually recently built or extensively remodeled. They usually have high visibility and are within easy access to major amenities. Core focused REIT and pension funds tend to veer towards this type of office investment.

· Class B: These are usually older buildings that may require some minor renovation. These are fairly popular among commercial lenders, particularly turn-around investors and private equity groups.

· Class C: These generally require some major capital investment for improvements. They are also not in very desirable locations and are typically used for redevelopment opportunities.

And just what cities have the highest rents? Hong Kong is king with a price of $255.50 per square foot. New York City comes in second with a price of $153, San Francisco in fifth with $105 and Los Angeles edging into 10th place with a price of $73.

Co-Working Spaces is a growing consideration in this market.

While this type of office space was once considered the go-to for freelancers and small corps, times have changed. Big businesses are using this type of workspace in order to get their feet wet in a community before relocating. According to U.S. News, CBRE reported that co-working in America is experiencing an approximate five-year compound average annual growth rate of 21 percent.

Some investors are turning to REITs in order to get into this segment of CRE. Both Vornado Realty Trust and Boston Properties include co-working in their portfolio.

There are alternative commercial lenders who can help you get the funds you need for your project. At Level 4 Funding, providing capital for office projects is one of our specialties. We offer loans up to $50 million, 90 percent LTV, competitive loan rates and quick funding. Call us for a no-obligation quote.

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
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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

Tactics to use a hard money loan for commercial real estate investment

A hard money loan ( or asset-based loan) can act as a bridge to traditional financing and can help you get your next project off the ground.

This type of loan is typically a non-bank loan secured by the value of a”hard” asset. With a conventional loan, a borrowers credit score is usually the main factor that a lender considers. In contrast, asset-based lenders are more concerned with the value of the underlying property.

This type of lending is ideal to finance speculative projects an ordinary bank would consider too risky. Forgoing extensive credit checks allows these lenders to close loans sometimes within a matter of days.

Asset-based lenders can charge loan fees up to three times higher than a traditional lender. Borrowers will usually need more money up front to fully finance a project because this type of lender rarely underwrites the full cost of a project.

An asset based loan may be expensive initially, but their speed and ease in getting approved makes them a great resource to get a project off the ground.

Hard money loans can be the help you need to get your project started and act as a bridge to conventional financing

An asset-based loan can help you get your next investment project off the ground. Say there is a condominium with a purchase price of 400,000 dollars and an estimated repair cost of 50,000. A comparable property recently sold for 650, but the condo you want to purchase sits half empty.

A traditional lender would note the low occupancy and would in most cases avoid financing your project. With an asset-based lender, you could probably qualify for a loan of 60 percent of the projects total cost. You would still need 180,000 dollars of your own money, but with the initial hard money loan, you can get your project started.

Once you have made the repairs and the building reaches full occupancy, in most cases you could now qualify for a regular mortgage. You could then refinance to a mortgage for 75 percent of the property value of 650. Refinancing would then allow you to pay off the hard money loan and in this case leave you with 217,500 left over.

In the end, a hard money loan gives you options down the road and the funds you need to get your project off the ground. After your project is finished, you could sell the property, pay off the initial loan and still achieve a profit. After you refinance you can improve the property, raise rents, lease the property long term or sell the property for a profit.

If you are an Arizona based real estate investor consider Level 4 funding as your go-to

hard

money lender

If you are finding it to qualify for financing an asset based loan is a great way to get your real investment project started. Consider Level 4 Funding if you are an Arizona based real estate investor. Level 4 Funding offers short-term loans with a comparatively low APR of 9.6 to 12.5 percent.

Depending on your project you may qualify for a loan of up to 85 percent of the total project cost (or LTV). The LTV Level 4 offers can help you avoid the high up-front costs usually associated with asset-based loans.

Level 4 Funding can close your loan in as little as 1 to 3 days, which allows you take advantage of immediate opportunities. Level 4’s loans have flexible terms, with a minimum term of less than a month, which means you can the off at your convenience.

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
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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

How to Know What to Expect When Applying for Commercial Real Estate Loans

If you are looking for a loan for your real estate property, then you need to know what to expect when applying for commercial real estate loans. There are many important components that you should be aware of during the application process.

Commercial real estate loans are not given to individuals, but to corporations, developers and other business entities. The funds can be used for a number of things for their business. It can be used for remodeling, adding more locations. If your business doesn’t have a strong credit history, then some lenders might be looking at the owner’s individual credit scores. To be sure of approval, it is best to have an excellent credit score, usually of around 700. So, make sure to keep that in mind before applying.

Be prepared to pay higher interest rates than those compared to residential loans. On top of higher interest rates will also be extra costs for the fees. These fees can include: legal fees, appraisal, loan application and survey fees. Keep these fees in mind when you ae shopping around for the best deals. You want to take these into consideration along with interest rates and other terms.

Also, be aware that you could face prepayment restrictions. Most of the commercial real estate loans come with certain regulations and terms. These will pop-up if you decide to pay off the whole amount of debt before the payment due date. This could result in having to pay penalty fees. This is actually a very common thing among lenders. It is usually calculated by multiplying the current outstanding balance by a certain penalty amount or interest guarantee. If the balance is paid off early, you may be responsible for paying a fee to the lender.

There are many different types of terms offered for commercial real estate loans.

The terms usually range from 5 years to 20 years, but the amortization period could end up being much longer than the actual term length of the loan. For example, a loan term could only be 7 years, but the amortization could be for 25 years. The length of the loan and amortization could affect the rate of the fees and the interest rate. But remember that most terms are negotiable. Just keep in mind that the longer period of the loan length, the higher interest rate.

Always take into consideration the factor of loan to value ratio.

The loan to value ratio measures the value of the loan compared to the value of the property that the loan is being used for. This is calculated by the lender and the category of the loan does play a role in this. If the loan to value ratio is high, then it is usually common for loans to be approved. Always talk about this with your lender before making any final decisions.

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 Get a Loan With Bad Credit (Hint, You Need Arizona Hard Money Lenders)

 

When you have very bad credit however want money quick for a actual property funding, Arizona hard money lenders have a number of specialised loan merchandise that could be for you. Be taught your choices and the way hard money loans will help very bad credit debtors.



Bad credit score can occur for a variety of causes. The whole lot from a few errors whenever you have been youthful, to divorce, or job loss may cause your FICO rating to dip down beneath a prime rating. When you have very bad credit, you most likely assume that you simply will be unable to get a loan for an funding property. When you’re working with Arizona hard money lenders, you’ll discover that this isn’t true. So long as you may have a job and supply of revenue, you may get a hard money loan.

A hard money loan is an funding loan from Arizona hard money lenders that’s secured by actual property. You discover a property you need to buy as a quick time period funding and promote your self and your funding to your lender. You want to give you a strong sport plan on how your funding will make money for each your self and your Arizona hard money lenders. In case your lender agrees that your funding has advantage, they are going to lend you the money to buy the property. The very best half? Normally your FICO rating has no bearing on whether or not or not you’re authorised for a loan, solely the advantage of your funding.

A Few Issues About Hard Money Loans You Arizona Hard Money Lenders Need You To Know

If a hard money loan seems like a nice concept, there are a few belongings you want to know so that you’re knowledgeable about your loan product. In the beginning, know that you can be charged a greater rate of interest. Your Arizona hard money lenders are taking a threat on you and since you may have very bad credit, your loan will price extra. Rates of interest range by lender and could be anyplace from about eight% to 15%. Additionally, you want to do not forget that a hard money loan is a quick time period loan. You ought to plan your loan timeline in months, not years. It will reduce the quantity of curiosity you pay and enable you to make extra money in the long term. Lastly, you additionally want to know that you simply will be unable to borrow the total worth of the house your are buying. Loan to worth ratios are anyplace from 70% to 90%, relying on the lender. Hold this in thoughts so it can save you up for a down-payment.

Upon getting determined to transfer ahead with a hard money loan, contact Arizona hard money lenders

Your hard money lender will likely be there to reply all of your questions and enable you to by means of the loan course of. They’re there to assist make your desires come true!

 

Dennis Dahlberg Dealer/RI/CEO/MLO

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

Arizona Tel:      (512) 516-1177 
dennis@level4funding.com
www.setabay.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027

111 Congress Ave |Austin | Arizona | 78701






 
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In regards to the writer: Dennis has been working in the actual property business in some capability for the final 40 years. He bought his first property when he was simply 18 years previous. He shortly discovered concerning the superb 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 focus on different funding for actual property traders who might have bother getting a conventional financial institution loan. Dennis is enthusiastic about different funding sources and sharing his information with others to assist make their desires come true.

Dennis has been married to his fantastic spouse for 38 years. They’ve 2 lovely daughters four superb grandchildren. Dennis has been an Arizona resident for the previous 32 years.

 

How to Make Money With a Fix and Flip: Renovation Tips From Hard Money Lenders Arizona Investors Trust!

If you’re wanting to do a renovation on a repair and flip home and need to make a revenue, you want to know that sure renovations will get you extra bang for you buck than others. Take it from the specialists, hard money lenders Arizona rehabbers trust!



Most actual property specialists know that Arizona hard money lenders are there when traders want to buy a repair and flip property. With liberal lending practices and little emphasis on FICO scores or private funds, it’s hard money lenders Arizona traders flip to to buy funding properties.

Hard money loans are quick time period, asset based mostly loans that can be utilized to buy funding properties. Mostly, they’re used to purchase foreclosures or public sale properties at a good worth which are then fastened up and offered for a revenue. With years of expertise within the repair and flip enterprise, hard money lenders know what’s going to assist a property promote and what is not going to.

High three Renovations Really helpful by Hard Money Lenders, Arizona

If you’re wanting to get essentially the most bang for you buck, listed here are the highest 3 ways to spend the money out of your hard money loan to take advantage of revenue in your repair and flip.
1. Fix any main issues. When it comes to patrons in search of a flip key house, take it from hard money lenders Arizona specialists trust for loans and extra, nobody desires to see work. For those who purchase a house and it wants a new roof, be sure that to put one on. The identical goes for main programs just like the HVAC or water heater.
2. Paint. Decide a good impartial paint coloration and it is going to assist entice patrons. For those who want concepts on coloration, something from beige to gray can look nice. Do not choose something too style particular as a result of, in accordance to the  hard money lenders Arizona execs flip to, you need to house to attraction to a broad base of patrons.
three. Residence staging. Investing a little in staging a house will pay you again massive time. Staging makes the home seem like a house and helps patrons image themselves residing there.

Take it from the hard money lenders Arizona flippers trust, these small enhancements go a great distance!

When you find yourself prepared to make the leap and purchase a repair and flip, ensure you flip to Arizona hard money lenders to show you how to alongside the way in which. You’ll be glad you probably did!






Dennis Dahlberg Dealer/RI/CEO/MLO

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

Arizona Tel:      (512) 516-1177 
dennis@level4funding.com
www.setabay.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027

111 Congress Ave |Austin | Arizona | 78701






 
 You TubeFace Book Active Rain
 Linked In

Concerning the creator: Dennis has been working in the true property business 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 need to assist others make money in actual property investing led him to specialise in different funding for actual property traders who could have hassle getting a conventional financial institution loan. Dennis is keen about different funding sources and sharing his data with others to assist make their goals come true.

Dennis has been married to his fantastic spouse for 38 years. They’ve 2 lovely daughters four wonderful grandchildren. Dennis has been an Arizona resident for the previous 32 years.