Tag Archives: private money lenders

Arizona Hard Money Construction Loans: Is it the Help That’s Right For You?

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page2-img2If you’re looking to finance a construction project, you may be wondering where to secure financing. If land in your area is scarce, if your planned development is something others consider a pipe dream or if your credit situation is less than ideal then you should consider the benefits of hard money Arizona construction loans.

Yes, traditional banks offer loans for construction projects. However, they avoid risk by applying a rigid bureaucratic checklist to see who qualifies. If you as a borrower don’t tick a box specific box, don’t expect your deal to close. Plus the terms of any agreement you strike with a conventional lender are likely to be as inflexible as the concrete foundations you intend to pour.

Hard money is different. This type of lender is usually an investor or group investors, who are not beholden to government regulations or typical bank bureaucracy. Hard money providers can look beyond a rigid checklist when it comes to you and your project. As investors, they are more interested in your projects potential instead of your credit score. Of course, this type of loan will cost you more than a conventional bank loan, but it offers many advantages.

Ask Yourself these Questions to determine if a Arizona Hard Money Construction Loan is the right help for your situation:

There are three basic questions to ask yourself to determine the right type of financing for your construction project:

  • When do you need the money?  Expect a traditional bank loan to close no sooner than 30 days, after, you have gone through the tedious rigmarole of completing their application process. In the case of hard money, most deals can close within days. This speed can allow you to secure the purchase of an attractive parcel of land before other developers.

  • How much flexibility do you need?  Banks have very rigid loan terms from which they will not divert. They have a one-size-fits-all approach when it comes to construction projects. If your proposed project is, say speculative, a traditional lender is not going to renegotiate the terms of your loan if you run into difficulties. Hard money offers more leeway to speculative developers who might need a bit of deference. As investors, hard money providers might be willing to tailor the terms of your loan and your repayment schedule to meet the needs of your unique project.

  • Can you qualify?  Once again banks have a one-size-fits-all approach when it comes to the type of borrower who is eligible for financing. If a particular aspect of your financial history doesn’t meet the bank’s criteria, you are out of luck. In the case of hard money, if your project has enough potential your personal financial situation is irrelevant.

Arizona Hard money construction loans benefit borrowers who need speed, flexibility or those who are in unique financial situations.

If you need to secure the purchase of a prime piece of land quickly, don’t wait around for a conventional bank, approach a hard money provider first. If your proposed construction project doesn’t exactly fit the mold, hard money providers can work out a deal which can meet your needs. If you have been turned down for conventional financing in the past, hard money can get your construction project off the drawing board and into reality.


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 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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

Private Money Lenders: Finding the Help that’s Right for You

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shutterstock_144470392 smallPrivate money lenders can help take your real estate investment business to the next level. Learn what private money is the most basic sense, how these deal might work and some questions to ask yourself so you can find the help that’s right for your specific situation.

When compared to other types of financing, private money can offer you speed and flexibility. These lenders aren’t tangled in a web of bureaucratic guidelines like traditional banks. As private individuals they set their own rules about who qualifies for financing, how quickly a deal can close and how much a borrower needs to pay in terms of interest and fees. But what is private money exactly?

The simplest way to explain private money is that it’s anyone with the funds on hand to finance your project. There are three levels in the hierarchy of private lenders. The first level includes your friends and family and those closest to you. The next level might consist of your fellow real estate investors, coworkers or colleagues. The third level of private lenders includes accredited investors and hard money providers.

It is important to note that in the case of private money, some financiers might act more as investors instead of actual lenders and it is important to understand the implications.

When it comes to Private Money Lenders you need to know the differences between investors and actual lenders.

When it comes to private money, the first two levels in the hierarchy act more like individual investors rather than actual lenders. Basically, in these deals, the investor finances the purchase of your property upfront and then receives a percentage of the returns.

When it comes to the third level, hard money, these financiers act as lenders, in that they offer loans with preset interest rates and fixed terms. So how can you determine which type of private money provider is best for your specific situation?

With private money lenders ask yourself some questions to find the help thats right for you.

To determine which type of private money provider might be right for your next real estate investment deal ask yourself a few questions.

Does your real estate development project require more flexibility?  If so, then a direct private equity investor might offer you a better arrangement. If your worried that your next deal might suffer due to high vacancy rates or that it might sit awhile on the market, a private investor can offer you a bit of deference. An institutional lender will pretty much always expect you to make payments on your loan, regardless of your situation.

Or do you need a reliable source of financing immediately? Individual investors usually don’t have the funds on hand to fully finance your deal. If there is especially attractive investment property up for grabs, you can’t wait around on your rich uncle to liquidate his various assets in an effort to fund your loan. In these cases you’ll likely want funding right away so a hard money provider is likely your best bet.

Whichever type of lender you opt for, private money offers you flexibility and convenience when compared to more conventional financing.

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 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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions

With Hard Money Lenders, Texas Investors Can Get the Money They Need

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If you’re an actual property investor, you’ve most likely seen that many banks are tightening their restrictions on who they’ll loan money to. This may be irritating and have an effect on you skill to make money, Nevertheless, with hard money lenders, Texas actual property buyers can nonetheless get the money they want, and often get it fairly rapidly.



The housing market is recovering as are most American households from the current financial hardships that confronted our nation. Nevertheless, plainly nobody has knowledgeable the banks. With tightened lending restrictions, extra stringent credit score necessities, and even much less room for for candidates with various revenue sources, about 43% of People will discover themselves unable to acquire a conventional financial institution mortgage. For the common household that is upsetting, for an investor it may be devastating as actual property loans can characterize a significant portion of their revenue.

However, for some buyers there may be nonetheless house. With hard money lenders, Texas buyers can nonetheless get the money they want and so they can often get it fairly rapidly. Like several loan or funding product there may be nonetheless some threat concerned and it’s important that earlier than they become involved with hard money lenders, Texas actual property buyers know what sorts of loans they provide, rates of interest, and what the dangers are.

Sorts of Loans From Hard Money Lenders Texas Investors Can Take Benefit of

Hard money lenders are private buyers or mortgage firms and so they supply primarily what are known as hard money loans. A hard money loan is a specialised kind of asset primarily based loan. The choice on whether or not to loan money relies on the advantage of how the money might be used, not the particular person credit score rating of the one that wants it, or another private monetary particulars.
Qualification time for a hard money loan is quick, some buyers might be certified the identical day and get their money in a couple of days, in comparison with a number of weeks with a financial institution. Additionally, one other benefit of hard money lenders Texas buyers admire is the streamlining of paperwork. There’s a lot much less paperwork with hard money loans which makes them extra person pleasant for buyers who could get a number of loans at a time.

If hard money lenders Texas sound like possibility for you, study extra, together with methods to threat much less and revenue extra!

One in every of the predominant dangers of a hard money loan is that the funding will fail. If you’re a Texas actual property investor, realizing your space and having correct value determinations could make this much less possible. Additionally, you will pay increased rates of interest on hard money loans. You may make this much less of a monetary burden by ending your funding rapidly and promoting for a revenue, or refinancing to a decrease rate of interest loan kind.
Whereas there are dangers, many buyers have discovered that hard money loans are simply what they should keep afloat on this restrictive loan atmosphere. Discover a hard money lender in the present day to debate the professionals and cons on your distinctive scenario.

 

Dennis Dahlberg Dealer/RI/CEO/MLO

Stage four Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:      (512) 516-1177 
dennis@level4funding.com
www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701





 
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About the creator: Dennis has been working in the actual property trade in some capability for the final 40 years. He bought his first property when he was simply 18 years previous. He rapidly discovered about the wonderful funding alternatives offered by trust deed investing and hard money loans. His need to assist others make money in actual property investing led him to concentrate on various funding for actual property buyers who could have bother getting a conventional financial institution loan. Dennis is keen about various funding sources and sharing his data with others to assist make their desires come true.

Dennis has been married to his fantastic spouse for 38 years. They have 2 stunning daughters four wonderful grandchildren. Dennis has been an Arizona resident for the previous 32 years.

 

Risks and Benefits of an Arizona Bridge Loan

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An Arizona bridge loan is a
specialised sort of brief time period loan designed to assist debtors get money quick
and can be utilized that can assist you buy a house. Realizing the dangers, advantages, and
ins and outs of bridge loans might help you make a good move.
An Arizona bridge loan is a
widespread manner for dwelling consumers to provide you with a down cost when they’re shopping for
a brand new dwelling whereas concurrently promoting their present dwelling. Most consumers depend on
the sale of their present dwelling to provide you with the down cost for his or her new
dwelling, nonetheless, it’s not at all times possible or splendid to shut on the present dwelling
first. In an ideal world, you shut on your own home at 9:00 a.m., have funds
out there by 10:00 and shut in your second dwelling earlier than midday. Nevertheless it very
not often works this manner. Extra typically, you shut in your present dwelling and need to
discover a brief time period rental for a month or two earlier than you shut on a brand new dwelling.
This isn’t solely costly, nevertheless it causes you to have to maneuver twice and you’re
actually throwing money away by renting.
One resolution to the issue is an Arizona bridge loan. A bridge loan bridges the hole by lending you the down cost
for a brand new dwelling that you simply then pay again as soon as your own home sells. The bridge loan is
secured to the customer’s current dwelling. The funds from the bridge loan are then
used as a down cost on the brand new dwelling. Bridge loans are gaining in reputation
as a down cost choice as a result of they provide versatile phrases and are comparatively
simple to qualify for. Additionally, many lenders is not going to let you take out a house
fairness loan on a house that’s listed on the market, so in lots of circumstances a bridge loan
is the one choice to provide you with money for a down cost.

5 Things to Know About an Arizona Bridge Loan

Like every loan, a bridge loan has sure dangers and advantages. Realizing
all of your choices and going into it totally knowledgeable will enable you threat much less and
profit extra. Listed below are 5 necessary issues to bear in mind in case you are
desirous about getting an Arizona bridge
loan.
1.
Qualification is normally an simple and painless
course of. Most lenders should not have set FICO scores or debt to revenue ratios for
bridge loans. As a substitute, qualification relies on a whole image of your
funds and whether or not it is sensible to buy a house earlier than you promote your
present one.
2.
You’ll pay a better rate of interest. Like many
brief time period loans, bridge loans have greater rates of interest than 30 12 months loans.
You normally have a grace interval of 1 to four months relying in your loan phrases
and for those who pay the loan again with proceeds from your own home sale, you may normally
keep away from paying rather a lot of curiosity.
three.
You will have to have the ability to qualify for 2
mortgages. A bridge loan might help you with a down cost, however you’ll nonetheless
must qualify for 2 mortgages and be capable to make month-to-month funds on each
if push involves shove. Nevertheless, most mortgages don’t require a cost for the
first month so for those who promote your own home rapidly, you may normally keep away from double
funds.
four.
Bridge loans might help you promote your present dwelling
extra rapidly. A house that’s lived in is at all times more durable to promote than one that’s
vacant and staged. By shifting into your new dwelling, you’ll give your self the
greatest probability of promoting your current dwelling rapidly and for high greenback.
5.
You’ll find your new dream dwelling with out the
stress of having to promote your current dwelling first. You don’t have to attend or
make unattractive contingency provides. You should purchase your new dwelling
instantly which is able to normally get you a greater value and assist ensure you
get the house you need.
If an Arizona bridge loan seems like a very good choice for you, discover a
dealer or private lender at this time to get the method began at this time!
At Stage four Funding we concentrate on bridge loans and different brief time period
loan sorts. Name our workplace at this time to schedule a session to search out out if a
bridge loan is an efficient choice for you. Don’t wait on a gradual market to purchase your
subsequent dream dwelling. Use a bridge loan to get into the house you want at this time.

 

Dennis Dahlberg
Dealer/RI/CEO/MLO

Stage four Funding LLC
Arizona Tel:  (623) 582-4444 

Arizona Tel:     (512) 516-1177 

www.setabay.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112
Phoenix AZ 85027


 
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Crunching numbers on hard money lending Texas

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Crunching numbers on hard money lending Texas

So what are a couple of of the benefits to a hard money Mortgage? Properly, proper right here’s some numbers to your calculator to lick up. Nevertheless first, don’t forget hard money Mortgage is a kind of asset-based borrowing as an alternative that gives with precise property. What half? A really highly effective half, the truth is – the financing. Moreover, some debtors moreover pursue Texas hard money Mortgages when their financing needs are great urgent and additional typical and conventional financing sources cannot reply in time.

Listed beneath are these numbers, as promised:

In a lot of situations a hard money lending Texas will provide a smaller Mortgage dimension based upon a lower “Mortgage To Value Ratio”. This solely means they could determine to Mortgage no more than 65% of the property value. Resulting from this truth it is additional frequent for precise property merchants to provide additional precise property as collateral in order to pay money for an even bigger Mortgage amount. That is named cross-collateralization.

65%? Why that’s nothing! Correct? What would your distinctive typical banker say to that? I’ll wager he couldn’t administration himself.

Moreover, you could know Fees fluctuate from 12%-18%, additional curiosity or origination elements may fluctuate from $700 to 4% of the Mortgage amount; relying on the endeavor, phrases range from Three-24 months and Mortgage to price (LTV) might be as a lot as 80%.

So now that you just’re starting to see the benefits and the additional financial side of points, it is doable you may have to attempt some hard Mortgages and see how they’d work equally and even greater for you than an ordinary, boring Mortgage.

hard money lending Texas
hard money lending Texas

Crunching numbers on hard money lending Arizona

Uncategorized, , ,

Crunching numbers on hard money lending Arizona

So what are a number of the advantages to a hard money Mortgage? Properly, right here’s some numbers in your calculator to lick up. However first, do not forget that a hard money Mortgage is a type of asset-based borrowing as an alternative that offers with actual property. What half? An important half, in fact – the financing. Additionally, some debtors additionally pursue Arizona hard money Mortgages when their financing wants are tremendous pressing and extra conventional and standard financing sources can’t reply in time.

Listed here are these numbers, as promised:

In lots of instances a hard money lending Arizona will provide a smaller Mortgage measurement primarily based upon a decrease “Mortgage To Worth Ratio”. This solely means they might choose to Mortgage not more than 65% of the property worth. Due to this fact it’s extra frequent for actual property buyers to supply further actual property as collateral in an effort to acquire a bigger Mortgage quantity. This is named cross-collateralization.

65%? Why that’s nothing! Proper? What would your unique typical banker say to that? I’ll guess he couldn’t management himself.

Additionally, it is best to know Charges differ from 12%-18%, further curiosity or origination factors might differ from $700 to four% of the Mortgage quantity; relying on the venture, phrases vary from Three-24 months and Mortgage to worth (LTV) will be as much as 80%.

So now that you simply’re beginning to see the advantages and the extra monetary facet of issues, you might need to try some hard Mortgages and see how they’d work equally and even higher for you than a standard, boring Mortgage.

hard money lending arizona
hard money lending arizona