Category Archives: private money lenders in california

The Benefits of Working with Private Money Lenders in California

 

2page_img1If you are like most borrowers and investors, you have probably asked yourself at least once, what the big deal is when it comes to private money lenders in California? Well, the big deal is really about the benefits that come from working with private money lenders in California.

Private money lenders in California are more than just great local lenders. The reasoning being that you do not have to necessarily live in California in order to take advantage of all the benefits they have to offer. Nevertheless, one of the major benefits of these particular California lenders is that they are local, which means they are not some worldwide or national financial institution. Instead, they are reputable lenders that value their potential borrowers as well as their investors just as a family-owned and operated business would.

Of course, that is not to say that all private money lenders that are based out of California are small or have humble beginnings. In fact, many reputable private lenders are well-seasoned individual and large financial institution with deep roots in the community. Therefore, the point here is simple, local California lenders care about your success and do not look at you or your business venture as just another number.

In addition to being able to put a face to a name when dealing with your California-based lender, there are several other benefits that are well worth the trip if you are not native to California. For starters, your chances of getting approved are much greater and here is why. Number one, you are more than likely dealing with a niche lender who understands your particular vision and specific circumstances. This goes back to the idea or rather reality that there are dozens of California-based lenders, but they make it a point to specialize, which is why you have a better chance of being approved.

Additional Benefits Private Hard Money Lenders in California

Moreover, when dealing with California lenders, you also allow for faster processing and quicker financing. Think about it, if you are dealing with an individual, he or she can quickly approve and fund your loan—sometimes on the same day or at least within a few days. Other benefits include a lower risk associated with your investment and as briefly mentioned a lender that has experience in your particular market. You have a lower risk on your investment because California-based lenders of private money tend to be more involved in the process (appraisal, assessments and so on), thus they make it a point to ensure everyone’s success as much as allowed. Lastly, these lenders’ niche-mentality is what keeps California lenders of private money thriving—they know your market plain and simple.

Private Hard Money Lender in California – The Real Deal

Thus, as you can see, there are a few substantial benefits that come from working with California-based lenders. Therefore, if you have considered working with these particular lenders already, what exactly are you waiting for? Remember, there is no time like the present and it never hurts to step outside your comfort zone to try something new.

Level-4-Funding-Dennis-Dahlberg-Mort[1]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
http://www.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 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.


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Private Money Lenders in California—Approval Basics

1page_img1Now that you have decided to work with private money lenders in California, it may be helpful to know what you need to do in order to get approved or to have a better understanding of what happens after you choose one lender in particular.

Private money lenders in California are not shy when it comes to the approval process. In other words, private money lenders in California typically will lay out what they need from you and the rest is really up to. Consequently, once you have found a few good private money lenders, the next thing you need to do is find the right loan. Of course, this may sound pretty straightforward, but the reality is that no two lenders are alike. Thus, you need to go over long terms, interest rates and repayment options with a few lenders.

You will be doing yourself a favor by going over everything with a fine-tooth comb because just as no two private lenders are alike, no two private loans are alike. This means you really need to take some time getting to know your potential lenders and take even more time discerning if the terms of your potential loan truly meet your project needs and requirements.

Besides doing everything you can to find the right lender and right loan for you, you have a few other things to consider before you can even begin the approval process. For instance, you should ask yourself if your potential lender does not have a high rate of foreclosures. Sure, it is never any fun to think about what will happen if your project goes south or if you cannot meet your loan payment, but it is a necessary evil. Therefore, let us get back to discussing that high rate of foreclosures if your potential lender has a significant number of foreclosures underneath their belt you should be concerned. Generally, when a lender has a high rate of foreclosures, more than likely your potential lack flexibility or the willingness to work with their borrowers when it comes to loan terms. Thus, if the lender you find seems too good to be true, such out-of-box questions should come to mind.

Eager to Understand the Process from a Private Money Lenders in California

After you have asked the hard questions (if you like the answers you get), then it is time to start the approval process. As you know, just like any other kind of financing, you need to submit ab application. With private lenders, it helps have an in-depth picture of your financial and credit situation to increase your chances of approval as well as to decrease your wait time. Once you submitted your application, next comes the real waiting game. But, the good news is that private lenders tend to move quickly, therefore you will most likely get an answer in a few days.

Regulations and Eligibility of a California Private Hard Money

Once you qualify, it is time to choose a loan program that meets your needs, order a title report, get an appraisal and set an escrow account with a neutral third party. All the meanwhile, your lender will be reviewing the necessary documentation you provided in order to approve your loan. Upon approval, you can sign closing package and get your loan funded (you will also need to record your documents and eventually make payments.

 

Level-4-Funding-Dennis-Dahlberg-Mort[1]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
http://www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701

 You TubeFace Book Active Rain Linked In 

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.


 Free Report The 8 Things You Must Do To Be A Successful Home Flipper