Category Archives: hard money lender arizona

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
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444 NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

Traditional Bank Loan or Arizona Hard Money Loan

You probably have observed currently that conventional financial institution loans are getting increasingly more troublesome to get relating to your actual property wants, you then aren’t alone. Actually, based mostly on paperwork alone, you’re quite a lot of time wasted. It is perhaps price your time to look into Arizona hard money loans for the true property investor.
This may appear complicated. Most individuals don’t even know that you may get a loan with out a financial institution, however with Arizona hard money loans, you completely can. And the quantity of paperwork you don’t should do will completely stun you. Banks made an enormous mess on the market, giving loans to individuals who should not have them and now they’re actually cracking down and making it actually troublesome to get a loan in case your credit score is not in tip-top form and that’s the place Arizona hard money loans are available.
Not will it’s important to bounce when the financial institution says bounce, as an alternative you’ll be able to have the money you want proper once you want it. Think about the kinds of Arizona hard money loans that you may get. You will have Private money lender Arizona or you’ve hard money lender Arizona. Each may also help you make the fee it’s essential to get the property that you really want. Whether or not you want to repair up a property or you want to put some money down earlier than another person buys the property, Arizona hard money may also help you get the money that you just want. You received’t even should show your credit score rating. 
Your private money lender Arizona or hard money lender Arizona would not thoughts what it’s. Your credit score rating has nothing to do with the property you need the money for. Take the time to consider getting Arizona hard money on your subsequent funding.

Dennis Dahlberg

Degree four Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112
Phoenix AZ 85027

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Why Get A Hard Money Loans?

Why Texas Hard Money Loans?

Often, a loan that you simply get from the financial institution relies in your monetary historical past and your credit score ‘worthiness.’ This may be painstaking to the everyday Texas hard money borrower. To closely depend on credit score for some implies that their loan is not going to be issued by a financial institution. When that occurs, what are they to do? That is the place Texas hard money is available in.
With Texas hard money it’s a lot simpler to acquire a loan as a result of it isn’t primarily based on the shopper’s previous credit score rating or debt. As a substitute it’s primarily based on the worth of the property they need to flip or purchase. Whereas this might make the loan greater in curiosity, the fast turnaround means this does not make a lot of a distinction and the Texas hard money loan could possibly be nicely well worth the likelihood that it prices additional money. Particularly since Texas hard money loans are really easy to accumulate than a standard financial institution loan what with their paper work and lengthy wait to see in case you even qualify- and also you may not- so it could possibly be an enormous waste of time to even attempt.
Usually, Texas hard money loans go to buyers who have to snag a property pretty rapidly for one motive or one other and both want to not do a standard loan or they will’t get a standard loan.  Those that want money rapidly are the right candidates for Texas hard money as a result of the loan comes quick and might immediately flip somebody’s monetary scenario round. That is nice if you have to keep away from foreclosures or if you wish to snatch up a property quick.
With two kinds of Texas hard money loans out there; private money lender Texas and hard money lender Texas, a borrower definitely has their choices open. Both kind of Texas hard money will get them again on their ft and their property again into their arms.
Dennis Dahlberg
Degree four Funding LLC
Tel:  (512)-516-1177 Austin Texas | Fax: (888) 279-6917
NMLS 1057378 | AZMB 0923961 | MLO 1057378
111 Congress Ave Suite 400
Austin TX 78701