Tag Archives: california hard money lenders

California Hard Money Lenders—A Helping Hand

February 23, 2017UncategorizedCalifornia Hard Money lender, california hard money lendersbigdaddydennis

California hard money lenders are not your ordinary lenders. If you have not had much experience working with California hard money lenders, it can be very easy to forget or rather overlook all the wonderful things you can accomplish when working with these lenders.

So often, when you read about California hard money lenders, you find out that they are great for business endeavors or for borrowers with less than perfect credit. Of course, these things still hold true, but you have really only hit the tip of the iceberg. In other words, these particular lenders are that helping hand that everyone needs.
Think about it this way, how many lenders do you know that are willing to lend to a borrower who is in foreclosure or are willing to assist a buyer of high-value properties refinance?

Moreover, how many lenders do you know that are willing to work with borrows who still need a little more time to get all these paperwork and appraisals together? Well, the answer is not many. The reality is that securing financing is still a business— no matter who your lender is or what kind of financing you secure. Thus, as you probably know firsthand, lenders can be fickle if you are coming with your A game.

Yet, lenders who offer hard money financing, are more willing to see the potential in your project or business venture. They are also more interested in you and building the right kind of business relationship. This means, that your top lenders of hard money financing are just as interested in finding the right match as you are. What’s more, unlike traditional and large non-traditional lending institutions, these particular lenders are flexible with their terms as well as rate, which leaves room for everyone to benefit from this newly formed business relationship.

Meeting Everyone’s Expectations

In addition to helping borrowers do the next to impossible, lenders who offer hard money are not afraid to see potential where others simply will not. For example, hard money financing is often used for rural properties and non-traditional construction properties. As you probably guessed, banks, traditional and other lending institutions more than shy away from properties like these for a variety of reasons, but often it is because they just are not willing to see the potential or future return. Of course, that is not to say there will not be any additional risks with unique borrowing scenarios such as the above-mentioned, but lenders of hard money are truly here to help you succeed.

Successful Borrowing

Ultimately, the takeaway here is that lenders of hard money financing do not shy away from a challenge nor do they write borrowers off for past mistakes and bad credit. Consequently, if you are in need of a temporary fix loan or financing to make what seems like the impossible into a reality then you know where you should start. Just remember, that these particular lenders do come at a price so make sure your venture is truly feasible before looking for a helping hand.

Happy senior business man making his notes at work 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


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.

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Becoming Financially Secure With The Help Of California Hard Money Lenders

February 23, 2017UncategorizedCalifornia Hard Money lender, california hard money lendersbigdaddydennis

The ultimate dream for everyone is to be able to live without the fear of running out of money. Everyone wants to be financially secure, and California Hard Money Lenders can help people do just that.

California Hard Money Lenders–When I got my first job out of college, the economy had just started to take a turn for the worse. For me, that ended up being a good thing because when I added money to my company’s 401K more could be done with it since prices were so low. My co-workers, however, were not so happy. Most of them had been with the company for years and had just seen half of their retirement fund disappear because the market had declined.

To the man, each one complained about not being more involved in the decision to do certain things with their money. The investment firm said they could have been; all they had to do was ask. But no one knew that was an option. They just knew they were going to be facing retirement in a few years and they didn’t know how they would be able to afford it.

A Lesson Learned

As the fresh-faced, youngster in the group I was not concerned about the crashing market since I didn’t have a 401K that could be gutted. I wouldn’t need it for another 35-45 years anyway. But what the experience told me was that I better make sure that I exercise as much control and power over my money as I can.

Where these guys went wrong was trusting someone else to do it all or them. This told me that I needed to be more proactive with my investments. I needed to keep an eye on my 401K and shift money before something crashes too far.

I also needed to make sure I’d have enough on my own—and to accomplish that I contacted a couple of California Hard Money Lenders.

I couldn’t use the money from my 401K, but they said I could use it as collateral along with the property I was buying to secure the loan. With that loan, I purchased a duplex that needed a lot of work. After getting a little help from friends and co-workers, I was able to fix the place up within the budget I had projected.

When it was done I put that sucker back on the market, sold it, and went back to the couple California Hard Money Lenders I had talked to before and said,” That was fun. What’s next?”

California Hard Money Lenders Are My Friends

Since the economy has improved, my 401K is doing fine, but my associates will never get back to what they had before the downturn—unless they don’t retire. I don’t want to be in that situation when my time comes. I want to be able to retire early and go on some ridiculous vacations in my golden years.

To make sure that can happen, I am going to keep working with the California Hard Money Lenders I know to find and invest in the right properties so that my nest egg can grow. I am not going to trust an investment firm that gets paid whether I make money or not. I’m going to trust myself (and my California Hard Money Lenders) to make sure I am financially secure when it is time to retire.

Happy senior business man making his notes at work 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

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.

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California Hard Money Lenders Should Beware The Pitfalls Of The Cannabis Industry

February 13, 2017Uncategorizedcalifornia hard money lendersbigdaddydennis

When it becomes legal to sell and tax the sale of recreational marijuana in California in 2018 there will be a tremendous opportunity for California Hard Money Lenders to make money—but there will also be some serious pitfalls to be wary of.

When Proposition 64 passed in California during the November elections, many celebrated it as the right thing to do. They firmly believe that by legalizing recreational use that the world they live in could be a better place. There would be less of a burden on the legal system, and people could have access to something that could be beneficial to them.

Oh yeah—and there would be a ton of money to be made once it becomes legal to sell (and tax) next year.

For now, people 21 and older are allowed to possess up to six plants and possess about an ounce of marijuana. So, or now, the law will likely result in fewer people being arrested. But come January 1, 2018, when the sale and taxation of marijuana for recreational use becomes legal, there will be an opportunity for California Hard Money Lender to make some serious money.

Beware The Deal That Looks Too Good

When that fateful day comes, there will be a mad scramble among investors looking to cash in. They will want to do whatever they can to set up shop and open the doors as quickly as they possibly can. It will be interesting to see if banks decide to approve loans for a cannabis shop, but if they do not, California Hard Money Lenders will be more than happy to fill the void.

First—he or she will need enough capital to open shop. California Hard Money Lender will likely get a good percentage of that business since they are more forgiving than traditional loan sources, easier, and quicker to approve. However, they may want to be wary of who they get into business with due to some potential legal ramifications:

– Criminal liability: Under the Controlled Substances Act, financing a marijuana business can open up the possibility of criminal prosecution. A federal court has blocked the Act from being applied to the state’s medical marijuana industry, but there is no guarantee that the recreational one will be protected as well.

So, basically, invest at your own risk.

– Money laundering: many financiers have expressed concern over federal anti-money laundering laws being applied and leading to prosecution. Should a financial institution step up and agree to follow the Financial Crimes Enforcement Network’s regulations, they could end up becoming the bank of the cannabis industry in California.

Is There A Future For California Hard Money Lenders In Pot?

It is hard to tell exactly what government entities are doing or are sometimes planning, but maybe Proposition 64 required investors to wait until 2018 for a reason. Maybe the idea behind the delay was to give lawmakers chance they need to set up the proper and necessary regulations before business are ready to open their doors.

Happy senior business man making his notes at work 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

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: california hard money lenders,california hard money lender

California real estate investors beware: Common issues with trust deed investing

November 11, 2016Uncategorizedcalifornia hard money, california hard money lenders, california hard money loan, california private hard money, california private hard money lender, california private money, trust deed investingbigdaddydennis

When you are investing in commercial real estate risk and reward are words to live by. You have to be able to roll with whatever the market throws at you. Trust deed investing is no different, there will be ups and downs that you have to face. This brief will shed light on some things you may encounter.

Real estate can be a tumultuous and tiresome profession if you let it. The market consistently goes through a feast and famine period. There could be a time when you have revenue coming in from multiple ventures. There could also be times when you have to claw and gnash for a small investment. It is enough to make you not want to be in the industry.

Trust deed investing is not without its faults, however, there are still some cons that you will have to face. One thing that you need to keep in mind is the margin of safety. Basically, the margin of safety is the difference between the loan amount and the actual value of the property that you are investing in. For example, the value of a home that you are looking at has a low value and your loan is relatively high you may run into issues you were to default.

Many investors face complications when they misjudge the market and the margin of safety associated with it. The property that you had high hopes for is in foreclosure because no one could be convinced that this was a good investment. Now you, as the owner of the deed of trust, have to take on sole responsibility for repayment of the loan until the lender can sell it. Trust deed investing can sneak up on you if you are not careful.

One of the biggest drawbacks that trust deed investing poses is it not being FDIC insured. For example, if you were to go to your local bank and get a loan for a home that you are interested most likely you would be able to have the loan insured by the FDIC. In regard to trust deeds, however, the safety of your investment relies solely on the value of the property that you are trying to turn a profit.

You have a lot more work that needs to be done before taking on trust deed investing.

We have said before that for you to be successful in the commercial real estate business paying attention to the details is paramount. Trust deed investing comes with confusing documentation just like the rest. The deed of trust, along with all documents should be double and triple checked to make sure that there are no errors. In some cases, the borrower you are lending to could have ample right to sue you for having invalid documentation. This will end up costing more money in the end.

In rare cases, if you are not diligent in you bookkeeping you could be stuck footing the bill of the investment. Depending on the market and value of the investment it could be months that you would wait to see your money again.

There is no guarantee with trust deed investing.

With trust deed investing the capital appreciation could be very low if you are not careful, as well. When if you are lending someone a loan for an investment most of the time the profit that you will receive will most likely come from the interest the will incur on said loan.

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.

The Real Deal with Trust Deed Investing

November 10, 2016Uncategorizedcalifornia hard money, california hard money lenders, california hard money loan, california private hard money, california private hard money lender, california private money, trust deed investingbigdaddydennis

When you are investing it is paramount that you have many different options to make the most out of your capital. Trust deed investing is a great way to build multiple relationships while bringing in great business. This brief article will show you the basics.

First and foremost, what is trust deed investing? Trust deed investing is defined by the investor having their name on the deed of trust for a property. So what do you, as the investor need to do to be successful in trust deed investing? Research is the biggest thing that needs to take place before you do anything.

Why is this the best option for you? What are your other options in regard to investing in a property? What makes this a better option in lieu of hard money investing? Trust deed investing basically allows you to invest in a loan that is backed by real estate. Most of the time these types of loans only last for about five years. Usually, there is a promissory note that states the intent to pay back the money owed. Some can be paid off in as little as two years. Typically the interest of the loan that is issued is around 7 to 12 percent.

If you are trying to invest in California there is a document, called the deed of trust, that verifies the owner of the property. This is useful when payments are not being made to the lender. Once everything is varied the deed of trust becomes public record. When you are considering trust deed investing any form of payment is accepted for the loan that you are applying for.

Why would trust deed investing be the right choice for you?

So why should you consider trust deed investing? If you are borrowing, trust deed investing challenges you to find the highest quality real estate as possible. This means you have to do your due diligence when looking for the right property. If you are looking into buying a home it should be one that you can see making a profit fairly quickly. This pushes you to make better decisions when you are looking for a potential investment. If you are lending the funds for the investment, trust deed investing gives you the power to foreclose on the property to recoup your money.

When you take this type of investment there is more transparency as well. For example, when you are applying for a loan depending on the value of the property that you are trying to resell determines your loan. Lenders also have a lot more control over what happens is the borrower were to default on the loan.

So will you make any money in trust deed investing?

Short answer yes you will. But with all commercial real estate investing there are certain things that you have to look out for. In some cases, it may be better for you to apply for a traditional bank loan or a hard money loan from a reputable lender. Always way your pros and cons when attempting any type of investments.

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.

How To Get Your Construction Loan Approved For Private Hard Money In California

November 7, 2016Uncategorizedcalifornia hard money, California Hard Money lender, california hard money lenders, california hard money loan, california private hard money, california private hard money lender, california private moneybigdaddydennis

When you are applying for a construction loan there are certain tips a borrower should keep in mind if they want to get approved—especially if you are trying to get private hard money in California.

If you are looking to invest in flipping houses, California is not a bad place to do it right now with a population of 39 million and growing. According to studies, California is the 17th fastest growing state in the country at .9 percent a year. Tack on the state’s natural beauty, space, and favorable climate and it is not hard to see why people want to live there—and in houses.

This, of course, means that lenders are going to be kept busy, traditional and private. With private hard money in California easier to come by and quicker for construction loans it can be helpful to know some tips that will help get your application approved faster.

Five Tips That Will Help You Get Your Construction Loan Approved

When it comes to getting your construction loan approved—whether its private hard money in California or elsewhere—you want to do whatever you can to make sure nothing holds up your loan. The following are five tips that can help you get your loan approved:

• Location: When choosing a lender, it helps to get one that is local to you or to the area where your construction project is. That way you are more likely to get someone who has a connection to the community and is emotionally invested in seeing the area improved.

• Down Payment: Private hard money lenders are going to want to know you’re invested in the property as well, and since you are getting a private loan rather than a traditional one, the requirement is going to be higher. Do your homework before choosing a lender, and make sure you can meet the equity requirements the lender has before applying.

• Lot Lien: It’s a good idea to ask your lender if they want some of the lot’s costs included in the loan or not. Most prefer to have the construction loan exclusive from the lot or at least subordinated to the first position private-money deed of trust. Make sure you talk to the lender before applying to find out what they prefer or are comfortable going with.

• Builder’s/Subcontractors Draw Process: be familiar with it. On some occasions, lenders like to pay builders directly once they complete a site inspection. In such cases, they will often require a title company be involved, and lien waivers acquired before they pay the builder and any subcontractors involved.

• Rate and Fees: Be familiar with what they are and what they can be. Talk to your builder before applying for a loan with anyone to make sure he or she is comfortable with it.

In Short…

What you will need to do to get approved for private hard money in California is be able to prove that you bring value to your side of the table. Lenders want to feel like they are going to get their money back and that confidence will come mostly from how much they believe in the borrower.

The more knowledgeable the borrower appears, the more confidence the lender will have in them.

Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
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

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.

How Do I Find A Lender That Works In Private Hard Money In California?

November 4, 2016Uncategorizedcalifornia hard money, California Hard Money lender, california hard money lenders, california hard money loan, california private hard money, california private hard money lender, california private moneybigdaddydennis

The bank has just turned down your application, but you don’t want to give up on the dream just yet. So you need someone who deals with private hard money in California. How do you find that someone?

You’ve been a good boy for most of your life. You are honest on your tax returns, you stop at traffic lights in the middle of nowhere even if there is no one in sight, and you keep your word. But you haven’t always paid your bills on time.

So your credit rating is not the best. This, when combined with what the bank described as “insufficient employment history” caused your loan application to be denied. But the clerk sympathizes with you and can see how much starting your business means to you, so they tell you to find a lender who works with private hard money in California. The interest rate will be a lot higher, but at least you’ll get approved.

There is just one problem.

How Do I Find Private Hard Money In California?

Finding conventional lenders is easy, but it can be a little more challenging to find a private hard money lender. It’s not that there are so few of them and it’s hard to locate one. It’s quite the opposite. There are plenty of options out there. You just have to know where to look to find one—like the internet.

Everything is online these days. Run a search for whatever you need and thousands of options are likely to pop up. Going that route can be confusing though since you’ll get options from all over the world and anything that can relate to your search word. If you want to use the internet, you’ll have better luck searching for investment forums and chatrooms. There you will find people that will be more than happy to recommend someone (or warn you to stay away).

However, you don’t want just to pick someone off the internet because you can’t ever know for sure how good they are. Reviews are faked all the time so you can’t trust them to be 100 percent accurate. Companies will pay people to write false reviews on Yelp and other places.

Probably the best way to find a private hard money in California would be to ask someone or ask multiple someones. Talk to the people that often work with lenders who approve loans for private hard money in California:

• Mortgage Brokers: They probably have a few that they prefer to work with and can recommend when asked

• House Flippers: if there is anyone that will know of a good hard money lender, it will be someone that has used one or two themselves—like a house flipper.

• Real Estate Agent: Who works with more lenders and investors than a real estate agent? Few people do (if any). Like brokers, they probably have a few that they have developed a relationship with and feel comfortable recommending.

Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
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

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.

If Your Hard Money Lenders in California Are Compared to Ezuabo—That’s Not A Good Thing!

November 2, 2016Uncategorizedcalifornia hard money, California Hard Money lender, california hard money lenders, california hard money loan, california private hard money, california private hard money lender, california private moneybigdaddydennis

Hard money lenders California—For every success story and for every honest lender there is a story about a dishonest one. The story of Ezuabo is one of the dirty ones.

When people talk about—well, just about anything, they will compare it to something else. It’s like by comparing one thing to another thing, which people are more familiar with, we can understand how beautiful or terrible something is.

For example, how many times have you heard a tired person talk about drinking a good cup of coffee and how the “fog suddenly lifted?” Have you ever heard something that just walked into the room, joined a conversation, or been hired on described as a “breath of fresh air?” Or how about the teacher that’s as mean as the Wicked Witch of the West?

Get the idea? So—with that in mind—if any of the hard money lenders in California you are considering going with have been described as “similar to Ezubao”—run away. Run far away.

The Story Of Ezubao

At first, the story of this hard money lender in China was your typical rags to riches kind of story. It’s founder, Ding Ning, was a 34-year old high school dropout. He opened the company in numerous cities and took out some expensive ads to promote the venture. It wasn’t your typical lending company, though. No, it focused on working with individuals with poor credit histories that could not get approved for a traditional loan.

With over 1.3 billion people living in China, it is safe to say that there were thousands if not millions of people seeking out loans in China that fit perfectly into the segment of the population Ezubao wanted to target–or at least that was what Ning wanted his investors to believe.

Ning could justify the insane number of borrowers he claimed the company had because his interest rates were not higher than the banks like the typically are for hard money lenders in California, China, or anywhere else. They were lower than the banks.

So it was easy to imagine people flocking to Ezubao. If you could get your money faster and for less, why wouldn’t you go to them? Except people were not. Approximately 95 percent of the borrowers Ning claimed the company had were fake. In the process, over 900,000 investors lost $7.6 billion.

Could There Be A Hard Money Lender In California Like Ezubao?

Investors and lenders alike always have to be on the lookout for potential scams. These days they have become more and more elaborate and can be hard to pinpoint. But that is why there are as many regulations as there are for hard money lenders in California and across the country.

Could a scammer get his or her hands on the appropriate licenses to appear legitimate? That is always going to be a possibility, but if ever in doubt, refuse to take their word for it. Call the appropriate local or state agency that issued their license. If you still aren’t sure—go with someone else.

Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
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

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.

New Trends In California Private Hard Money Loans Making It Easier For Dreams To Come True

October 28, 2016Uncategorizedcalifornia hard money, California Hard Money lender, california hard money lenders, california hard money loan, california private hard money, california private hard money lender, california private moneybigdaddydennis

If you have been thinking about going into business for yourself or flipping houses some of the new trends in California private hard money lending may encourage you to quit thinking about it and do it.

We all want to make more money. We want to be able to say we don’t depend on anyone to provide for you and your family. We all want to be good providers and not have to worry about whether we will be able to buy food for our families.

However, for many of us, if we lose our jobs we may be okay for a few weeks or a couple of months, but if we don’t get a new job quickly, we are going to be in trouble. That possibility makes the thought of going into business or investing in something like house flipping more appealing.

But then we know that our bad credit is going to keep conventional lenders from approving our loan application. That is where the friendly, neighborhood California private hard money lender comes in handy. With some of the new trends in hard money loans, the option is becoming more appealing.

New Trends in Hard Money Loans

Getting a loan from a traditional lender or bank is often preferred, but they can take a long time and if you have questionable credit or insufficient income history chances are good you’ll get rejected. Thanks to California private hard money lenders, the dream doesn’t have to die. Yes, it may cost you a little more, and you may need more money of your own upfront, but you can get approved in spite of the issues a bank may have with you.

With some of the new trends in hard money loans, the option is looking better:

• Decreasing rates: What keeps many from even considering applying for a hard money loan is the higher interest rate. But as the housing market stabilizes and interest rates go up, the rates for private hard money lenders will go down (because more people will find success with bank loans). They will still be on the high side, but they will be lower than what they have been.

• International Lenders: More and more international-based lenders are starting to get involved in the U.S. loan market. They see an opportunity and want to cash in. For investors, it means more competition among lenders for your business which translates into better terms for you.

• Commercial Loans: If people are finding success with California private hard money loans for individual purposes, it stands to reason that they could work for business purposes. This, of course, means you take out a larger loan at a higher interest rate. But if the bank says no, what other choice do you have? With more lenders willing to take that chance, why shouldn’t investors?

• Crowdfunding: While not exactly private hard money lending, it is pretty similar and becoming more common. However, the option may go away in the near future depending on how lawmakers deem regulations apply to it.

Don’t Let Fear Of Rejection Hold You Back

It can be very hard to handle the thought of being rejected for a loan. You go through all the work that it takes to get to the point where you need the money only to get rejected—it’s devastating. But with hard money loans becoming a better option, there is no reason to let the dream die because the bank doesn’t see it.

Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
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

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.

Private Hard Money—California is Calling

October 19, 2016Uncategorizedcalifornia hard money, California Hard Money lender, california hard money lenders, california hard money loan, california private hard money lender, california private moneybigdaddydennis

By now, you know that lenders that offer private hard money are everywhere. Moreover, you may have realized that you can decide which lender is best for your project in-state as well as out-of-state therefore if you curious about private hard money, California may be the place to start asking questions.

If you are like most business savvy individuals, you are probably asking yourself when is the best time to use private hard money. California lenders can tell you the best time to acquire private hard money financing is when you need to act quickly. In fact, you should be inclined to obtain this particular type of financing for such major projects as land loans, constructions loans, fix and flips, rehabilitation ventures, in the case of credit issues—this is all in addition to simply need to act quickly.

In addition to what types of deals or projects you should use private hard money for, it is also important to know why you are using this particular financing in the first place, right? Well, the truth is commercial real estate investors and trust deed investors, in general, have can list a number of good reasons for using private hard money. California investors, nevertheless, that it is mainly about time being of essence when it comes to their business ventures.

But, do not take their word for it instead just look at the facts. Traditional or rather conventional financing typically takes anywhere from 30 to 45 days to be funded. In that time, your particular business opportunity could have come and gone. What is more, is you are more than likely to lose that commercial venture to the next investor who chooses to use private money. Sadly, this happens time and again with less experienced business investors. Ultimately, if you are a seasoned investor, you already know what to do and if you are new to the game then it is definitely time to take notes.

How to Move Quickly on Investments

As you can see, moving quickly on an investment tends to be the name of the game. Moreover, with most investment properties you are dealing with multiple bids and high risks. Thus, going with traditional or conventional funding not only means you have to wait longer for your potential funds, it also means that you may not even be approved. Most borrowers, especially self-employed, have a colorful income history. Your income history may be colorful for a variety of reasons—maybe its credit issues or simply an insufficient income history. The reality is a colorful history does not sit well with banks. Thus, you should get ahead of this problem by knowing from the very start who you need to work with in order to obtain financing.

Advice

In the end, no matter what you decide or what the specific details of your particular situation are, you have to do your due diligence. So, make it a point to do your homework on your private money lending options as well as the other options available to you out-of-state.

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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