Are Arizona hard money loans the way to go when it comes to funding your dream business deal? Despite the little ads that appear saying “Stay away from this—you need to try . . .”, you owe it to yourself to check this funding out.

Times change and when you looked further into the matter—once these lenders had the worst reputation around, short of the loan shark in the old neighborhood. At least he was your uncle and had family connections. Now non-traditional lenders are up there with the regular ones, banker and mortgage firms who’ve been in the business for decades.

You remembered what had happened when you tried the conventional lenders and were pretty well turned down by every one of them. Thinking outside the box and living that way, too, while legal, didn’t seem to be a point in your favor. Having done your homework you had an answer when your cousin and best friend asked, “Well, what did you find out about the Arizona hard money loans?”

“Good things, a few things that bear thinking over,” you replied. “Those types of loans aren’t all bound up with restrictions and qualifiers in the same sense the traditional ones are. They focus mostly on applicants who have some credit issues, such as bankruptcy or a foreclosure, maybe a debt-to-income ratio that is out of balance. I’ve got that last one, but I just know buying that office building and fixing it up will help things because it will sell once it’s had some work done.”

“The people who handle these type loans are much more interested in your ability to pay them back the money they lend you than a lot of regulations. I will need collateral—I hate to put up the house, but it’s all I’ve got. My credit score is middling and I don’t have a steady job that pays every other week. Collateral is how these lenders get their money back in case the lender cannot pay off the loan.”

“The building is in a really good place and someone’s going to get it before I do if I don’t get that money,” you continued. “Arizona hard money loans can be applied for, processed and closed in as little as two to three weeks tops. Better still, I don’t have to produce every bit of business documentation in existence since my first job selling popcorn at the movie theater when I was 16. Waiting lost me a really good deal when I was dealing with that bank over in Milford. On the same day I was told that I didn’t qualify, I went by my-then-planned-for restaurant and there was a Sold sign on the door.”

“Are you going to go down there tomorrow?” Patrice asked. “I mean with all that going for you, what’s stopping you?”

“Well, nothing short of putting my house up really. The interest rates on these loans are higher than the traditional ones, but this funding has a flexible calendar and can gear the payments to your schedule. If you need a longer repayment term, that can be arranged, too.”

If you are interested in a Arizona hard money loan, do like I did, research carefully before making an appointment to see someone. Talk to an attorney. Look long and hard at your entire financial situation, past and present before moving ahead with any decision. It could be, like it was for me, one of the better moves you’ve ever made.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378

22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027

111 Congress Ave | Austin | Texas | 78701

About:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

Could a commercial private loan be what you need for your latest real estate venture? Read further to find out some of the things to consider and discover if this funding is the real deal for you.

In plain terms, these type loans are simply business financing that a corporation or private business other than a bank provides. They are built to cover areas not funded by conventional lenders, which includes most mortgage companies also, whose loan structuring and underwriting rules are tightly composed with very little of what is commonly called ‘wiggle room.’

Without the concrete regulations of conventional lending, Arizona commercial private loans can take care of practically any business financing need. And also without a high risk level for either lender or the borrower.

This advantage tends to be a real standout since around 60 percent of bank loan applications are rejected due to the hard and fast rules governing approval. Even a mid-level credit score can put a glitch in the procedure. A bankruptcy (even an old one) or foreclosure can generate a red negative for applicants, who are now back where they started from and possibly with six months of time lost.

Private loans tend to fall on the upper end of the spectrum with the approval rating reaching as high as an average of 85 percent. Other positive aspects of this type funding include less paperwork to be submitted, fewer covenants and closings that don’t stretch out over six months.

Small business owners tend to be a major portion of the applicants for this type funding, since their capital tends to be small due to the investments, they have already made to just get the business off the ground and running.

A side advantage that most borrowers don’t think of until it’s already done is that private loans can be used for almost any purpose. A worst case scenario of traditional lending can look like this: one applicant presented every document demanded, met all the qualifications, got approved and waited three months for closing—only to be handed a list of things he couldn’t spend his just-signed for money on and one of the three was exactly what he planned to do with the project in mind.

What are the dangers related to Arizona commercial private loans?

The ‘but’ in taking out one of these loans is that you will pay for it—literally. Interest rates are quite a bit higher than mortgage companies or banks due to the higher risk taken out by the lender. The further up the scale the chances are of having no or only some return on the money, the larger the interest rate becomes. Conventional lenders stay within their boundaries, taking few chances and offering lower interest percentage rates. You will need proof that your business can generate revenue also, so make sure it is available for the lender to review.

Do your homework—dig into the all of the aspects involved in commercial private loans. Both you and the lender are looking for this to be a positive experience. After all, you might need a helping hand in the future with another business idea.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378

22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027

111 Congress Ave | Austin | Texas | 78701

About:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

What are private money lenders, you think to yourself after a friend suggested that for solving your current funding problem. How are they different from a bank?

After some research and noting that private money lending falls under the term ‘Arizona hard money lending’, you still are not quite certain it is the answer for you. After all, it was just two years ago that your loan to pay for an apartment building renovation was called in and you didn’t have the funds to pay it off. The doctor had gotten everything, including the last payment. Your credit record will reflect that for certain even if you had since gotten the money and paid off the loan in full. Working for yourself had its advantages, but both of the banks you talked to recently, looked askance when you told them that your office was in the spare bedroom of your home and consults with clients were held on your porch from two comfortable chairs with a coffee pot nearby. Never mind that this setup cut down on expenses so you would have more money to pay the bills and not end up with rotten credit.

Private money lenders in Arizona funding opportunities covered a wide swath of areas, you discovered: bridge loans, commercial loans, and renovation loans just to name a few. Deciding that more investigation would be to your advantage, you ran the term through the computer, checked out the nearest three that sounded like they would be a fit for you and made appointments with them for the next day.

Are these lenders the right choice to fund my project, you thought as you looked over brochures and documents following your appointments. You had never done any business before that went outside of conventional lenders, like banks and mortgage companies. Even your car had been financed through your bank.

Private money lenders in Arizona set up their funding deals via collateral-based loans or secured loans as it was more commonly termed. A large percentage of the loans covered ‘fix and flip ‘projects, where the buyer bought a property in need of work, renovated it, and sold it as quickly as possible. The property normally had a lien attached by the lender in order to protect their interests in the event of the borrower’s being unable, for whatever reason, to pay back the loan. This arrangement, if done correctly, was a boon to both parties’ taxes and the lender’s fee is generally negotiable.

Another advantage stressed was the reason for the term private money lenders—this sprang from the fact that mostly the lenders are personal friends, business colleagues or relatives, thus the term ‘relationship based loan’ was frequently used also. This also covered companies (Arizona hard money or accredited) that had been set for this express purpose.

All of the lenders you talked to emphasized one thing: the borrower needed to check into the fine points of these loans since they are custom-designed for clients. Conditions range from the type of funding and interest charged to the length of time to repay. Normally a down payment is presented, interest payments made through the repayment term (normally a year) and the balance comes due at the end of that period. Occasionally a lender will charge a fee for early payoff.

Try a different road and see where it leads you. Check into private investing and learn if that better life you have been pursuing is closer to becoming a reality than you have thought.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378

22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027

111 Congress Ave | Austin | Texas | 78701

About:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

Why New Borrowers Strike Out with 100 LTV Hard Money Lenders

On the hunt for 100 LTV Arizona hard money lenders and not having luck? There are a few fundamental reasons why this happens.

Oftentimes people just getting into fix-and-flips or real estate in general are all fired up and ready to go. They’ve learned a bit about the industry and either have some expertise in home repair or believe they can manage a crew effectively. All they need is just a little bit of cash to get started. And, they’ve heard that 100 LTV Arizona hard money lenders are the place to get it.

Then, reality sets in. After connecting with a bunch of people who work in lending and scouring forum boards, it starts to look like 100% funding doesn’t exist. People do talk about it, so it must, yet it’s quite elusive for newcomers to the field. What gives?

Generally speaking, it doesn’t really happen. Some companies may use it as a draw to pull people in, while others may provide 100%, but only to borrowers they know incredibly well who have already completed several successful deals with them. The reason is straightforward. If the lender gives you 100% of the value and you don’t come through with your end of the deal, he or she is going to lose bigtime.

Set Realistic Expectations When You Start in Real Estate

Chances are, you will never find true 100 LTV hard money lenders in Arizona. Something more like 80-90 LTV is attainable when you know the investor and they’ve seen what you can do. However, newcomers usually qualify for closer to 50-70 LTV. Investors want you to have some skin in the game and need to see that you’ve got what it takes before they’re willing to bet on your projects.

If you’re savvy, you can increase your eligibility in other ways.

While you may not see true 100 LTV hard money lenders in Arizona, you can put less of your own money on the line by adapting your strategy. For example, you can bring on a partner with more experience, which could get you closer to 90%. You might also be able to leverage multiple properties, which will get you 100% of the funds you need by tapping into your portfolio. Lastly, you can try to negotiate a better deal with the seller. Naturally, the less you pay for the property, the lower your loan-to-value will be. If you’ve tried all these options or none of them work, there are two other avenues to try. First, spend a bit more time learning about the process and offer to work as an apprentice or assist another person doing what you want to do. The information you take away from the experience will prove invaluable and you’ll make new connections. Secondly, have a conversation with a broker. A really great broker will provide you with the information you need to be more successful in the future. It may be hard to hear that you’re not ready to jump in just yet, but the advice you’re given will be pure gold.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378

22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027

111 Congress Ave | Austin | Texas | 78701

About:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

Top 3 Things to Consider When Taking Out Commercial Private Loans in Arizona

Commercial private loans in Arizona come from individuals rather than banks. It’s important to learn the benefits and pitfalls to know if this type of lending is right for you.

1. You’ll probably be looking for a hard money lender. Although Commercial private loans in Arizona can come from virtually any non-institutional source, such as friends, family, acquaintances, and professional connections, chances are these people aren’t breaking down your door to hand you cash. Hard money lending is different in that these investors are actively seeking deals to fund, though you’ll probably have to connect with a broker to find the right one for your needs.

2. Most specialize in real estate. Although you can borrow from an individual under a variety of circumstances, most who work in the commercial sector serve the real estate industry. In these cases, the property being purchased backs the deal. However, businesses can use their buildings and property to secure funding for other ventures too.

3. You’ll need to have some of your own cash to get the deal off the ground. Lenders focus on loan-to-value, shortened to LTV. To get the LTV, you’ll take the amount you want to borrow and divide it by the value of the property. For example, if you have a commercial building you want to leverage or are purchasing a home to flip, its value is $100,000, and you want to borrow $80,000, your LTV is 80%. This is actually a good place to be, but some won’t go higher than 60 LTV and others will provide well-qualified borrowers with solid plans 90 LTV. Either way, you’ll have to have some of your own cash to get started.

Your Eligibility Does Not Rest on a Credit Score

One of the great things about leveraging Commercial private loans in Arizona is that your credit doesn’t always matter. While each potential lender has his or her own requirements, and some do care about credit, you’ll see less of this in the hard money sector. That’s because the value of the property backs your loan. With traditional lending options, the person giving you cash is betting on you and looks at your history to see if you’re the type of person who’s likely to make good on a loan. Obviously, individuals care about this too, but they use different logic. If you’ve got a good deal that’s going to make you money and you’ve put some of your own cash into it, you’re going to stick with it. In the even that you don’t, they’re still protected because the property has value.

If you can prove you’ve got a successful plan, you’re likely to get funded.

When it comes to commercial private loans, a lot of the approval process has to do with examining the plans you’ve made and ensuring the numbers add up and offer a solid profit margin. Particularly when you work on the hard money side, you’ll also need to ensure you can pay off the balance when it comes due. They’re short-term options, so most pay them off by selling the property or refinancing at the end of the term. Lastly, you’ll want to work with a broker who can help ensure you’re matched with the right individual and best possible terms. That way, you’ll keep more money in your business and will have a smoother process overall.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378

22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027

111 Congress Ave | Austin | Texas | 78701

About:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

Why Local Commercial Arizona hard money lenders Can Help You Be More Successful

Working with commercial Arizona hard money lenders is a great way to get a project of the ground. However, it may be more advantageous to go local rather than choosing a national entity.

Commercial Arizona hard money lenders generally fund real estate deals, but there are other applications too. The value of the property backs the loan and allows people who might not otherwise qualify for a loan to get the cash they need. Loans are typically structured as short-term deals, lasting only a matter of months or a couple of years. During the duration of the loan, the borrower usually makes interest-only payments, then pays the full balance off at the end of the term.

As you search for the best financing options for your next venture, you’ll find individuals and organizations which fund deals all over the country as well as those which focus on a smaller area, be it a couple of states, a single state, or even just one major metropolitan area. On the one hand, the reason for this is fairly straightforward. Each region or state will have its own legislation regarding how the loans are processed and the terms involved. It makes sense that someone would want to minimize their potential liabilities, paperwork, and headaches by homing in on one set of regulations to follow. However, it actually goes a bit deeper than this, and the other aspects can be a serious boon for those applying for loans too.

Generally speaking, the investors financing the deals are already tapped into the real estate market they serve with loans. For example, someone who now funds fix-and-flips was probably a flipper before becoming an investor. Someone who funds deals on multi-family properties quite likely has experience managing them and working as a landlord.

When You Know the Area, You Risk Less

Not surprisingly, someone who has been on the other side of the table knows exactly what it takes to make a project successful. Obviously, if an investor amassed enough wealth to be able to lend it out, he or she was pretty good at earning before too. However, knowledge is region and niche specific, meaning commercial Arizona hard money lenders who understand rehabs in a specific city can size up someone’s plans with relative ease. If the deal is in another city or involves a different type of property than they’ve personally worked on before, it’s much harder to assess the risk of the loan. Ergo, they’ll stick to financing what they know best to minimize their risk.

When you risk less, you offer better terms to borrowers.

This in mind, choosing to work with local commercial Arizona hard money lenders means you’re likely working with someone who knows your region or city incredibly well and can therefore tell whether you’re making a pitch that will fly or if you plans could flop. When they choose to get behind you, it’s because they believe your plans are solid. This is an important distinction because a national lender may be able to look at stats, but doesn’t know the market like a local will. Because of this intrinsic knowledge, locals may fund deals national entities won’t and may offer better terms than a national outfit will as well. In other words, by choosing to go local, you’re setting yourself up for better deals and lower rates, while increasing your odds of success and potential ROI at the same time.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378

22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027

111 Congress Ave | Austin | Texas | 78701

About:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

What is a Hard Money Lender?

You’ve seen an ad or a forum discussion and now you’re scratching your head wondering: “What is a hard money lender?” In short, it’s someone who lends based on the value of a hard asset, but there’s a bit more to it than that.

What is a hard money lender (HML)? Well, it could refer to one of two things. Some people use the term to describe organizations which fund loans with private money, such as brokerages or groups of investors, and others use the term to describe the individual people who are providing the funds. In either case, the financing is usually coming from one or more private individuals rather than a bank. Sometimes, the investors pool their money together to fund a deal and other times a single investor funds the whole loan on his or her own.

Whereas many lenders base their decisions upon the person borrowing funds, this form of lending is based upon the value of a hard asset. On a broad scope, it includes physical things like machines, inventory, gold, and real estate. It’s things that can be readily converted into cash or other resources. They’re different from soft assets which cannot be exchanged for cash easily. Stocks and bonds are a prime example here, but if you were referring to a business, it might be things which are valuable to the business, but aren’t reflected on balance sheets, such as brand recognition or intellectual capital.

This form of lending is seen more often in the real estate industry. The property, building, or land is the asset which is used to back the loan. It fills a gap that traditional lending leaves behind. For example, people who want to purchase a property to flip or rent out often can’t get approved by a bank at all.

What Are the Benefits of Working with Alternative Lending?

To understand the benefits, we have to break down, “What is a hard money lender?” a bit more. As noted earlier, they serve niches that the banks don’t. For example, if the bank won’t touch you because you plan to use the property for commercial purposes (non-owner-occupied), an HML will help. The same is true if you’re doing flips and the property is in such disrepair that it makes the bank too uneasy to loan. It’s also ideal for those who need to move quickly. It can take a month or more to close on a traditional loan, but an HML can have cash to you in days. Plus, credit doesn’t matter as much. You can still get approved by an HML with rotten credit, simply because your loan is backed by the value of the property.

Why don’t HMLs get more press?

Now that you can answer “What is a hard money lender?” you’re probably wondering why this is the first you’ve heard of the concept. The reality is, alternative lending doesn’t work for everyone. It’s not a universal solution. Those in the consumer market are usually served by banks unless they’ve got rotten credit. Plus, the individuals funding the deals don’t usually advertise their services. Instead, they work with brokers who find deals for them and oversee the process. That in mind, you’ll often hear terms related to HMLs more on real estate lending sites or within circles of investors and house flippers. If working with an HML appeals to you, you’ll want to find a broker who works with lots of private individuals who fund deals in your niche and will help you get the best terms.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378

22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027

111 Congress Ave | Austin | Texas | 78701

About:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

How to Use Hard Money for your Renovation Loan Needs

You’re ready to take on the project of a fixer upper—so, how do you go about it? While many people may consider banks as their go-to for all of their loan needs, consider how private Arizona Hard Money Lenders literally lend themselves to all your renovation loan needs!

A private hard money lender offers a few things that lend themselves to those working on fixer uppers: speed and flexibility. When you find the perfect property that has the potential for beautiful, modernized renovations under the aesthetic of your eye, the urge to snap it up is a big one. Fortunately, Arizona Hard Money Lenders can get money to you fast. Whether it is the day off or before the end of the week, they can get you the money much faster than banks who may take as long as a month for the loan to be processed and received. Arizona Hard Money Lenders can give you the confidence you need when bidding on a competitive housing market. Additionally, the loan repayment period of hard money is a short one—usually one year. While the loan can be extended depending on your lender, it is the complimentary timeframe to those working on fixer uppers and looking to make an immediate sale and profit.

Differences Between Private and Public Money Lenders

Requirements and regulations are the major differences between private and public money lenders. Private money lenders don’t have as many as public lenders like banks and credit unions do. This means that private money lenders can approve more people—usually. A perfect financial history is not as important to them, as long as you can prove yourself to be a reliable money borrower. Banks will not have as much leeway or be able to work with you on such an individualized basis. The flexibility of private money lenders can be very beneficial, as can their speed. Especially when attempting to score a great property off of a competitive market, speed can make all the difference. You do not want to have to settle on a project—especially one you are renovating. You want the perfect property for your plans and abilities as a renovator. Obtaining your renovation loan in as little as a week, instead of the bank’s general timeframe of a month, can make all the difference!

Making a Profit with Fixer Uppers

The last thing you want when seeking out your renovation loan is a property that falls through with some unexpected surprises, or one that is unable to reap a profit. When seeking out a property (and loan lender), you really want to consider location. Choosing a property that is in an entertainment district, near restaurants, office spaces, and the greater community, will make it more appealable to potential home buyers. Your property should also be “improved.” This means it will already have established key features like sewers and curbs that you won’t have to finance or worry about later. Finally, your property should be in the same general geographic location of your loan lender. Finding both a great property and great lender is key, and they must go hand in hand. As you go on your search for hard money, visit us at Level 4 Funding. We can work with you through all of your renovation goals to ensure you make the most on the housing market. Give us a call today!

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378

22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027

111 Congress Ave | Austin | Texas | 78701

About:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

© 2019 Level 4 Funding LLC. All Rights Reserved.

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What You Need to Know About Spec Home Financing

Seeking out and obtaining a loan is a big step, and it can be hard to evaluate what options are best for you. Before signing the terms to a loan agreement, consider the major differences between traditional and untraditional lenders, and how alternative loan lending options can help you with spec home financing.

The difference between traditional and untraditional money lenders is whether they are public or private. Banks and credit unions are common examples of local public lenders, and probably who you first think about approaching for a loan. However, there are other options you can seek out. Private money lenders are untraditional options composed of individuals and investors. Their standards and regulations are not as high as those as banks, so they can be great options for those struggling to be approved for a loan by a traditional option.

Private lenders offer hard money—this is a fast option that generally features transparency and personalization within the workings of the loan agreements. A private hard money lender in Arizona may be just what you need for your Arizona spec home financing project.

How Hard Money Works

Being successful takes time and research. While hard money is a great option because of the speed and flexibility of the lenders, there are a few further financial aspects you need to consider before knowing if it’s the right option for you. High interest rates dominate Arizona Hard Money Loans. The rates can be as much as five percent higher than other averages on the market. Additionally, depending on who your lender is, there can be fees stacked within the loan. If you are having trouble understanding all the terms to your loan agreement, you can always hire a real estate attorney to help break everything down for you. Confidence in your loan decision is absolutely essential. Some lenders are able to extend the repayment period of the loan, anywhere from two to five years. This may be necessary if the typical repayment period of one year is too fast.

Tips on Making a Profit on the Real Estate Market

Time and research is going to be absolutely essential as you dive into the housing market. It can be extremely competitive, and lots of factors can make or break you—even the professionals on HGTV sometimes make mistakes, or invest in a property with some surprising and undesirable issues. When seeking out a property, consider an improved one that already has major key characteristics like sewers, curbs, and power and water lines. This will save you the trouble and money later. You should also consider the location of the property. There may be a great property in a remote location, but it will be less desirable to buyers who may have more interest in a property near entertainment districts, restaurants, and the working community. It’s not impossible to make a profit in the housing market. Whatever you do, take your time and meet with multiple money lenders until you find the lender that is right for you. Give the lenders at Level 4 Funding a call today to learn how we can help you!

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378

22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027

111 Congress Ave | Austin | Texas | 78701

About:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions

Can You Make Money with Investment Property Loans?

You have been watching HGTV for one too many hours, and the urge to fix and flip is large—but is it reasonable? How do buyers successfully sell fixer uppers? Read more below to learn how to make a profit with investment property loans.

Finding the right property to invest in is key. You need something manageable, with a reliable team and a solid set of plans. When seeking out a property, you should highly consider choosing one that is already improved. An improved property will already have major key features, like sewers and water lines, that you won’t have to worry about investing in later. Additionally, your property should be in an appealing location. It should not be too remote, and close enough to popular entertainment districts, restaurants and businesses, making it marketable in the future.

So, you’ve found the perfect property! What now? You’ll need to consider how exactly you’re going to invest—this involves researching public and private lenders, and determining who can best help you. Truly understanding the differences can make or break you, especially when you are working on making a profit!

Types of Investment Property Loans

When it comes to loans, you have both traditional and untraditional options. Your local bank or credit union is a common option if you are seeking out a public lender. They will be able to help you, but will have strict loan requirements and regulations. Depending on your current and past state of finances, it may be difficult proving yourself to be a reliable lender. If this is the case for you, research a local hard money lender. They are untraditional options, however, they offer speed and flexibility that is unmatched by banks. If you don’t get approved by a bank, there is still a chance you can be approved by a private lender. You will have to prove yourself as a reliable borrower, but not all of it comes from your financial history. Your property and plans will play a large part in whether or not you gain approval. Generally, there are higher interest rates and fees associated with private lenders—in addition to a short loan repayment period. Some borrowers consider the speed and flexibility of a private lender significant enough to outweigh the cons—it just depends on you! Additionally, the short repayment period lends itself to investment properties, especially on ones that come with success and a quick profit.

Choosing a Private Hard Money Lender

Don’t stop searching for a lender after the first one you meet. Choose someone who believes in your project, but who you also believe in! Take the time to truly understand the agreements to their loan and, if necessary, hire a real estate attorney. Nothing is better than moving forward with confidence when making such major decisions, and a real estate attorney is someone who can break down the legal agreements into something more comprehensible. If you are considering a private money lender in Arizona, discuss your options with the lenders at Level 4 Funding. Give us a call today and let us know how we can help you!

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC

Hard Money Lender

Hard Money Loans

Hard Money Loan

Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177

Dennis@level4funding.com

Dennis Dahlberg Broker/RI/CEO

NMLS 1057378 | AZMB 0923961 | MLO 1057378

22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027

111 Congress Ave | Austin | Texas | 78701

About:  Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

© 2019 Level 4 Funding LLC. All Rights Reserved.

Copyright | Privacy Policy | *Terms & Conditions