Tag Archives: Hard Money Lender Texas

Dallas Texas Hard Money Loans

July 11, 2018UncategorizedHard Money Lender Texasbigdaddydennis

Looking for Private Hard Money Loans in Dallas Texas for you real estate investment, development or need funding fast.

Level 4 Funding LLC is an Texas top Hard Money Lender Commercial Lenders for Dallas, Houston, Austin.

We are brokers and can find you the best possible hard money loans

for your Commercial, Construction,

Hard Money Loan in Dallas Texas.

Yes we work state wide and have years of experience as Private Hard Money Lender for Dallas Texas. If you need a quick decision and a quick loan, we can deliver Low Rates and Great Terms on Private Hard Money.

We look for the best possible deal on rate and terms and

will provide you an underwriting decision

within 24 hours.

Level 4 Funding provides hard money loans to real estate investors and developers who need Hard Money Loan quickly. We are a direct private money lender – this term is synonymous with “hard money lender” – hard money broker who looks at applications and finds an outside lender to provide funds for the Private Loan.

We lend statewide and have extensive experience in Dallas Texas, Austin Texas and Houston Texas.

We can make decisions on your loan applications quickly and we underwrite loans in-house, cutting out the middleman and helping us to minimize the time and processing costs by creating as few steps in the Hard Money Loan Application process. We can provide Hard Money Loans in Dallas for Commercial, Residential, Office Multi Family, Warehouse, Storage Complex, Student Housing, Raw Land, Construction. We offer:

· Investment Property Financing for Commercial and Residential

· Funding in as little as 24 hours

· Rates as low as 7.9%* (8.4% APR)

· No upfront prepaid fees in advance

· Terms from 6-60 months*

· No pre-payment penalties, no back-end points, no hidden fees*

As an asset-based lender, we are mostly concerned with the real estate used for the Hard Money Loan. As an Dallas Texas -based lender, we work with Texas real estate investors in Dallas, Houston, Austin and other Texas markets, making us ideal to work with thanks to our understanding of the state’s market as well as being easy to reach during hours that work for you.

Level 4 Funding Has the Experience in Hard Money Loans in Dallas Texas to Help You Today

We look for the best deal for you. Our team is built to see the potential in a property and provide a financing solution that can bring value to your project and save you profit! We have taken the time and care to understand Dallas Texas Market unique real estate market to ensure that we can create a customized Private Hard Money Loan fit for any property or project in the area.

When Your Loan Can’t Wait and Need a Dallas Texas Private Hard Money Loans

Level 4 Funding has assisted with financing a variety of investment properties. we have the experience and knowledge to get you to the next stage of your project from purchasing a property to either hold onto while it appreciates in value or to turn it into a monthly cash flow asset in your portfolio, to fix and flips, to full scale residential subdivision construction, We make asset-based lending a quick, simple and easy-to-apply-for process.

If you’re looking for a private loan, don’t wait –

start you application today.

We look forward to working with you.

We do them all! Give us a quick call to discuss your situation and your project. We can provide you with an answer over the phone with no obligation or pre-paid fees in advance. If we can help we will, if not we can tell you the course of action you need to take to get your project funded. Yes we do them all, give us a call today for a Private Hard Money Lender for AZ, CA, CO, FL, ID, OR TX and WA! Give me a call at 623-582-4444 or for Texas Hard Money Loans call us at 512-516-1177.

Technorati Tags: hard money lender,hard money loans california,hard money texas

What Hard Money Lenders Arizona Are Looking For

May 28, 2018UncategorizedArizona home loan for bad credit, Arizona home loan home loan, hard money lender, hard money lender california, Hard Money Lender Texasbigdaddydennis

Understanding what hard money lenders Arizona require to fund a loan will make your application process fast and easy so you can move forward with your real estate investment deal.

Most people feel a great deal of apprehension when they are requesting a loan. There are mountains of paperwork as well as many lofty qualifications that must be met. And even after attempting to meet all of the criteria, many potential borrowers are turned down. But knowing what hard money lenders Arizona require to fund a loan request can turn a difficult situation into a very successful investment deal.

Unlike traditional loans which are based on your creditworthiness and ability to repay the loan, hard money loans are based on the value of the real estate being used to secure the loan. This collateral is really the deciding factor on loan approval and the amount of the loan. So credit issues or no credit will not eliminate your chances of securing a hard money loan.

You also need to understand that hard money lenders Arizona are in business to make money. So even though they are not imposing the credit qualifications that a traditional lender would use, the hard money lender Arizona is going to protect his or her investment. This is done by only funding a loan that is between 65% and 75% of the value of the collateral property. This ensures that if the borrower defaults on the loan, the lender is still able to sell the collateral property to recover the full balance on the loan.

Hard Money Down Payments

Because hard money lenders offer less than the full purchase price of a property, buyers need to furnish the remaining funds in the form of a rather substantial down payment. This actually is a second form of security for the lender as buyers have their own funds tied up in the deal and will work even more diligently to make the deal a success and repay their hard money loan. Lenders look at the borrower having “skin in the game” as a great source of motivation.

A Good Option When Used Correctly

Hard money loans are a good option for many borrowers as long as they understand the process of the loan and how to use the money correctly. Paying a higher interest rate on a short term hard money loan can often be the difference between closing a deal and losing out to someone else who is already funded. Then circling back to a traditional lender to refinance at a lower rate and a longer term is the smart move. But this entire process hinges on borrowers knowing how a hard money loan works and being prepared to work within the terms of this type of loan.

Being prepared to provide the large down payment and being willing to use the full value of the property as collateral on the hard money loan are two steps that each borrower much take to benefit from a hard money loan.

Try These Tactics if You Want to Get Your Hard Money Business Loans to Close Quickly

May 7, 2018Uncategorizedhard money lender in arizona, Hard Money Lender Texas, hard money lenders California, hard money lenders dallasbigdaddydennis

There is nothing like the painstaking process of waiting to see if your loan application has been approved by a conventional lender. Instead of playing the waiting game, Level 4 Funding offers ways to get your hard money business loans to close and fast!

Traditional loan applications are known for being super-complicated to complete, and then the process for the bank or lender to approve can be an even longer, more complicated process! When you’re in need of a loan, time of often of the essence, which is why hard money business loans are the way to go if you need cash in hand and you need it… like yesterday! There are some things you can do to ensure the process goes even quick and more smoothly, even with a short-term loan application which are known to be less cumbersome than conventional loan applications.

For example, being prepared can help get the process off on the right foot. Be prepared to put up some collateral. That is typically one of the most important things you can do to ensure your hard money business loans get approved, and fast! If you are prepared to show that you have the value of the loan (or more) in personal assets (such as a home or car) or you can use the property or business that you are intending to use the loan for as the collateral, that is usually a sure-fire way to ensure a quick process, too. While you likely won’t need to have you credit report, score or a lot of financial statements, it’s a good idea to have those items in order, just in case that documentation becomes needed for the application process.

Working together with your lender to get your hard money business loans approved is another way to ensure a quick turnaround. Remember that although the process can seem daunting, unfamiliar or even a little intimidating, your lender is on your side and there to help you get the loan you need. So work together to get all you ducks in a row or provide the proper documentation he asks for to move the process along. If you are helpful and make the process easy for him, he’ll want to make the process as easy and successful for you, too.

Find a reputable lender

It’s also a good idea to take some time to research some lenders to ensure that you are starting the process of right – with the right lender. You would hate to get down the line with an untrustworthy lender only to have to scratch the process before the loan is approved and start fresh with another lender. Work smarter, not harder! Find the right lender, and the right loan will follow.

Finally, call Level 4 Funding!

Level 4 Funding offers the professional, experienced lenders that will help make the loan process quick and easy. We know that time is crucial when waiting for a loan approval and we do our best to ensure a smooth and simple process!

Why Hard Money Lenders Are So Helpful For Investors

May 3, 2018Uncategorizedbe your own boss, hard money lender, Hard Money Lender Texas, Hard money Texas, Texas Hard Money, Texas hard money lenderbigdaddydennis

There are many benefits to using hard money lenders when purchasing an investment property. Level 4 Funding shares reasons this type of loan can benefit you.

While many beginner investors typically want to go the route of seeking a loan from a traditional lender such as a bank or other financial institution, they may not realize hard money lenders can help them obtain short-term loans that are much simpler, faster and a great way to get a loan without having perfect (or close to perfect) credit.

For real estate investors, hard money lenders are looking at one main thing — collateral. So instead of having to complete a complication application, provide a lot of personal financial statements and documentation for conventional lenders, these lenders offer a quicker and less stressful way to obtain the funding they need.

These lenders are mostly interested in the property, which is many times used as collateral for the loan. This is a much more direct way to get the loan because it sometimes takes weeks (or longer) for traditional lenders to verify credit scores, reports and history and approve the loan application.

The property’s current market value is the main thing.

The lender is going to want to help the investor make the purchase if the loan amount is approximately 70 percent less than the value of the property in question to purchase. If that is the case, hard money lenders will typically look at this as a good investment and ready to create a contract and repayment schedule agreement.

This type of loan is a win-win situation for the borrower and the lender.

Everyone involved typically benefits from this type of short-term loans. For investors that are looking to “fix and flip” buildings or homes, for homebuyers that will need to make a lot of home improvements on their new abode or for first-time investors, these loans are the way to go. And for those that have poor credit or dings on their history, this does not really even factor in to whether or not their loan will be approved. They get cash in hand, fast, and with few complications. The borrower can even opt to secure a conventional loan with lower interest rates once they own the property outright. The lender benefits as well because the repayment schedule is short, and the interest is generally higher than a typical long-term conventional loan, so they begin to see the return of investment almost immediately. All in all, this is a great type of loan and really does offer a multitude of benefits for all parties involved. Level 4 Funding is available to help investors with a variety of loan needs. With a bit of help and advice from an experienced and professional lender, borrowers can make their investment dreams come true and start building an investment career that can be very financially lucrative – making any future loan needs in the future much easier to obtain.

How to Understand Hard Money Loans

May 3, 2018Uncategorizedhard money lender, Hard Money Lender Texas, Hard money Texas, Texas hard money lenderbigdaddydennis

If you learn about the process of hard money loans, you can figure out how to get the best loan to suit your business needs. Level 4 Funding shows you how.

When it comes to learning about hard money loans, it helps to start at the very beginning, with what they actually are. These are unconventional loans that are not reliant on banks or traditional lending institutions for funding. Private sources fund these types of loans, whether it be an individual or a group that helps assist with the funding. Most often, these loans have a short repayment term cycle and are typically used by the borrower to purchase investment properties.

The qualification process for hard money loans it totally different than applying and approval for a traditional loan. In the latter, a borrower needs to complete and submit an application process to the bank or other conventional lender. The process is often very detailed and lots of documentation is required of the borrower. The borrower must also share credit score and history, and provide details about their financial status in order to be considered for the loan.

For unconventional loans, the process is based upon collateral, and the current market value of whatever collateral the borrower is able to provide. Collateral is the value the borrow puts up as a way to offer the lender security of the loan. This could be a car, the person’s home, another building or event the building/property that is being purchased, for example. The lender requires this as security that if for some reason the borrower can’t make payments, than the lender takes over the collateral and can sell it to recover their funds. In this type of loan, the funding individual or group is less interested in the borrower’s credit score or even their currently financial situation. It’s all about collateral.

This is important for borrowers that have less than ideal credit scores or have a ding in the credit history somewhere along the line that makes it difficult for them to obtain a conventional loan. The value of the collateral or the property in mind to purchase needs to have value equal (or likely higher) than the amount that is being requested to borrow. This gives people breaking into the world of investment property purchases a good place to start.

Now that you know…

This is a huge benefit of hard money loans that people don’t often realize at first. While conventional lenders can often be intimidating and the loan applications very challenging, the process of this type of loan is very straightforward. Investment properties, fix-and-flip homes and other property purchases are all great for this type of loan. It offers the cash upfront (and fast!) to make the purchase happen. Then it’s up to the borrower to take their investment purchase to the next level in order to profit to the maximum.

Working with this type of loan has great potential

For those without stellar credit or even those that are just starting to establish their business credit scores, these loans are the way to go. A private lender such as Level 4 Funding can help beginner investors with a short-term loan to build their investor career.

Alternative Business Loans Arizona Entrepreneurs Best Option

April 14, 2018UncategorizedCalifornia Hard Money lender, california hard money lenders, hard money lender, Hard Money Lender Texas, Hard money Texasbigdaddydennis

Exploring alternative business loans, Arizona start up and small business owners could be surprised by their options. There are many reasons that an alternative loan could be your best choice.

Traditionally, when a business owner needs money to fund a startup or to grow a fledgling business, the first stop is their local bank. But there can be many hurdles to overcome when seeking a loan from a traditional lender. Alternative lenders provide business loans Arizona small business owners actually have a chance of securing and that is just one of the many benefits that they offer.

There are two main benefits to working with an alternative lender. The first is that the approval rates are much higher than a traditional lenders and the second is the fast approval and funding time frame. As an independent entity, there is not the mile of red tape to slog through with most alternative resources so borrowers enjoy a much better customer service experience for the most part and a higher success rate.

When alternative lenders offer business loans, Arizona borrowers will discover that the lenders tend to be more flexible on terms as well as qualifications for the loans. Alternative loans are therefore a good option for a business looking to finance inventory or for working capital which is not something that banks will approve. In addition, the alternative lender is not as likely to require that the business owner use personal assets as collateral for the loan. Which offers the borrowers more confidence in the lender and personal security as well.

Personal Credit is Not an Issue

Poor personal credit is often a factor that will derail business loans Arizona business owners are seeking. Banks are not willing to process a business loan without a deep dive into the personal financial status of the company owners and even some of the other major officers of the company. That is not an issue for alternative lenders as they are primarily interested in the merits of the business and not the owner’s personal finances.

Time is On Your Side

Anyone who has applied for any type of loan from a bank knows that the process can be long and arduous. A personal mortgage loan can take weeks to process. But a business loan application can actually drag out for more than three months. By the time a bank is willing to fund a business loan, the need for the money could be gone, the opportunity could be lost and the business could even be floundering. Business deals are often time sensitive, but traditional lenders tend to overlook that fact. Great opportunities to grow a business don’t appear every day, so business owners need to be prepared to act when the opportunity arises. Securing a loan from an alternative lender is a great way for an Arizona business owner to maximize an opportunity to expand, diversify or land a huge client that might otherwise have gotten away.

About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Hard Money Lenders: What Rehabbers Need to Know

April 13, 2018Uncategorizedcalifornia hard lenders, california hard money, hard money lender, Hard Money Lender Texas, Hard money Texasbigdaddydennis

You find a house that you would like to rehab and flip, but you have never done this type of project before. This is what you need to know when considering getting a loan through a hard money lender.

Time is of the essence when purchasing a property. Especially in today’s market when many sellers are faced with multiple offers. It’s important to have a lender you can work with in a moment’s notice and one that you can develop a long-term relationship with. Various lenders have different requirements. Hard money lenders will either loan on appraised value after repairs or others will loan on the purchase price. You want to find the lender that will loan on the appraised value. A breakdown of the fees will be given to you by the lender, some of them are loan points; closing fees that can include escrow amount, document fees and notary fees; and the interest amount.

Once the hard money lender decides to proceed on your opportunity, you will have a response such as: “We will lend you 60% of the ARV (appraised repair value), 5 points, 500 document fees, 6-month balloon payment loan at 10%.”

Assuming the property is appraised at $200,000, then your loan will be 60% or $120,000. Upfront costs are $6,000 points plus $500 doc fees. $1,167.60 is the loan payment until the property is sold or 6 months is up.

The Lending Process

1) Talk to the lender to see what they require and what you will need

2) Find a proper deal and put it under contract

3) Contact the lender again and inform them about the property you found, repair costs and what you think the ARV is

4) Have the appraiser value the property, either from the loan company or a list that the lender has supplied you

5) If the lender requires, place the documents they need in Escrow

6) The lender will inform you if they will or will not fund the loan, at what amount, and under what terms

7) You set the date to close the loan, either at the title company or the lawyer’s office. The loan company will issue the checks. If the buyer has cash coming back, the loan company will issue this check as well

In recapping, a hard money loan can be used to acquire distressed properties. The speed of the loan is much faster than conventional financing, usually 2-3 days compared to 30-60 days.

The hard money loans are for terms of 1 to 5 years with interest rates of between 10% to 20% and points between 4% to 7%. The advantage of using a hard money lender is that there is a low threshold for the securing of the loan. It is based mainly on the property value and not your credit or income. A drawback is that, with some lenders, you will need to have the cash to do the repairs and either flip the house or rent it within 6 months. Contact Level 4 Funding to talk with the people who know how to guide you through the process. It’s important to consult with experts as you move forward, especially if this is your first adventure into rehabbing.

Why some hard money lenders in Texas will turn you away

April 1, 2018UncategorizedHard Money Lender Texas, Hard Money Lenders Texas, hard money loans Texas, Hard money Texas, Texas Hard Money, Texas hard money lender, Texas hard money lendersbigdaddydennis

When Casey moved to Texas, he had dreams of making a name for himself in the real estate industry. He quickly realized it was not as easy as the shows on Bravo make it look. Hard money lenders in Texas are not the only ones that are on the chopping block when it comes to loaning money.

If you have been following Level 4 Funding for a while, you probably have read a few times that it is fairly easy to borrow a hard money loan. This is true, for the most part, when you are looking for a potential lender you are free to pick and choose who you want to borrow from. If a certain lender is offering an interest rate that is out of your range, then find another. If the lender you are talking to is not willing to lend you the money are seeking, you do not have to work with them.

For some borrowers, like Casey, the lender may turn you away if they feel the property is not going to return their money. There are usually certain standards that hard money lenders in Texas look for when they are considering lending someone money for a property.

Someone that is playing to win

The real estate business can be extremely unforgiving if you are not prepared and careful when you are looking at properties. Many lenders will not lend to you if you are not risking anything for the investment. Most lenders expect you to pay a large enough down payment on what you plan to purchase.

This is a sign of good faith that you are willing to stick your neck out for the property so you can recoup your money. In Casey’s situation, he was not willing to put a large enough amount that would suffice the risk that the lender was taking. He could have gotten another person to invest with him, but this was his first property. The down payment was the least of his problems.

When in doubt know, your way out

Most people that get into the business try to look for homes that will have a higher resale value during closing. When experienced investors are looking for a property they can flip for a profit, they make sure they have a plan to pay back the loan if all else fails. Hard money lenders in Texas look for borrowers that have an exit strategy if the property fails to make a positive return.

Casey did not think of this when he was planning on purchasing the derelict duplex in a fairly rough neighborhood. Since many people were moving out and Casey did not have enough money to buy the rest of the city block, it was unlikely the building would have a positive return.

Setting yourself up for success counts in real estate

Planning accordingly with allow you to seek out any lender you choose. For Casey being new to Texas and not knowing how things worked he ultimately failed. Take a page from Casey’s book and remember this: do not be like Casey. Take the extra hour to look up potential investors, and forget about being frugal when it comes to a down payment.

Learn How to Select Hard Money Lenders

April 1, 2018Uncategorizedbe your own boss, hard money lender, Hard Money Lender Texas, Hard money Texas, Texas Hard Money, Texas hard money lenderbigdaddydennis

For many borrowers working with hard money lenders is a new concept. Borrowers are not familiar with the process or how to select a good lender.

Many borrowers are facing the challenge of less than perfect credit or a low credit score. And sadly, these people are under the assumption that they have not alternative to traditional lenders and banks. They are unaware of the service which is provided by hard money lenders. Though these loans are called non-traditional, they are still a very viable option for anyone who is unable to qualify for a traditional loan. But it is critical that a borrower learn how to select a good private lender to work with.

The first step might sound overly simplified but it is valid. Select a firm or individual who specializes in lending hard money. This ensures that you are working with a knowledgeable lender and one who can offer you terms which will fully meet your needs. You can learn a great deal about a lender by reading comments from other borrowers and investigating the lenders reputation. Any reputable lender will do what is best for his or her clients.

If you are new to private lending, it will also be helpful to limit your search to local resources. Working in-person will allow you to ask questions and establish a good working relationship with the lender as you learn the processes and intricacies of hard money. In addition, it will be much easier for you to check out the licensing information for local hard money lenders. This is an important step that should never be overlooked even if the firm is large and appears to be well known.

Seek Openness

As with any business, there will be certain privileged or proprietary information that the lender might not be willing to share with you. But all parties should have access to the loan information during the origination process. Be sure that your lender is willing to provide this transparency and that you are not getting a higher rate than originally promised. As you invest more time in speaking to the lender, you should not feel like some questions are being skirted or that there are aspects of the loan process the lender is not willing to discuss fully and openly.

Due Diligence Pay Dividends

Learning any new process takes time and effort. And working with hard money lenders is no different. You need to be willing to invest your time in learning the process as well as getting to know the lenders. Working with local lenders allows for a shorter learning curve and also gives you more peace of mind as you have been able to actually meet the lender and their staff. As you progress into more loans, seeking national lenders is a viable option to increase your opportunities and to locate more diverse loan options and offers. Be certain to carefully evaluate all of the lenders and all of the loan offers that you receive. Look for a lender who you feel comfortable working with and find very trustworthy.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Invest 5 Minutes to Learn How Hard Money Loans Can Work for You

March 31, 2018Uncategorizedhard money lender, Hard Money Lender Texas, Hard money Texas, Texas Hard Money, Texas hard money lenderbigdaddydennis

By understanding the process of hard money loans, you will see the benefits that they offer. Then you can use this financial tool to make money.

Hard money loans are non-traditional loans, meaning that they are funded not by banks or lending institutions but by private sources. These sources can be a private individual or a group of people who are working together to fund loans. In most cases, the loans are short term and are used to purchase investment properties. The other key feature for these loans is the qualification process.

In the case of a conventional loan, a borrower must complete a loan application and submit it to the traditional lender. This document can be very in depth and tedious to complete. And then the lender begins the process of verifying the information to determine if the borrower is a good risk. The lender considers the borrowers credit score, credit history and overall financial well-being to decide if they will grant the request for funds. In short, the approval is based on the borrower’s current finances. But for hard money loans, the lender is basing the approval on a totally different criteria. The lender is only interested in the current market value of the collateral being offered for the loan. Collateral is something of value which is pledged as a form of security on the repayment of a loan. In this case the collateral is most often the property being purchased. If the borrower fails to make the payments on the loan then the lender is able to sell the collateral to recover their money. The lender is not even really interested in the borrower’s credit or financial position, only the collaterals value.

Understanding this single point is critical to making money using hard money loans. What this means is that you do not need to have great credit or a strong credit history to be able to fund an investment property. You only need to have found a property which has a value greater than the amount that you need to borrow. This single fact opens up investment real estate to an entire segment of the population who might not qualify for a traditional loan due to past credit issues.

Use This Knowledge

Knowing that private lenders are willing to extend loans to borrowers without perfect credit means that anyone can invest in real estate and benefit from this potentially huge profitability. Fix and flip purchases have become very popular in the past 5 years. Buying a property which needs work is a great way to buy cheap, invest sweat equity and then sell for a large profit. Using hard money allows anyone who is willing to invest the time and work needed to improve the property to make a profit on this short term investment.

Invest in Your Future

Not everyone has great credit or can qualify for a second traditional mortgage for an investment property. But using a private lender is a great way to get a short term loan to begin your path to financial freedom as a real estate investor.

Technorati Tags: commercial loans,commercial lending,commercial mortgage