For those who are unfamiliar with what Hard Money is, a basic definition is this: Loan approval is weighted mostly on the value and borrowers "equity" of the "hard asset" used as collateral with a lesser concern given to the borrower's credit rating. I hope that this gives you a good sense of what a Hard Money Loan consists of. California Hard Money Lenders in California can provide you the loan you need for your business or personal use. To get you ready, here are some tips to focus on when decide to take out a loan. Upon receiving your application, they consider the following:
· Condition of the property
· Length of the loan
· Location of the property
· Ability of the borrower to complete the project
· Amount of work to fix the property
· Amount of assets the borrower has to finish the project
· Current and projected value when finished
· Borrower’s information.
As long as you feel comfortable with where you stand with the above advice, then you will stand a good chance of receiving a Hard Money Loan.
More information about Hard Money Lenders in California.
Remember, Hard Money Lenders in California do not go by your credit rating in order to qualify you for a loan, but rather it is equity-based. Thank goodness! Right? Many people today have bad credit scores and still deserve a loan for their dreams to come true.? Another term this concept is referred to is “Private Money” or “Equity Loans.” These type of loans are unlike your typical loan from the more traditional route of a bank, but they are from methods such as private sources such as investor's personal funds, pension plans and other non-traditional sources. California Hard Money Lenders in California are spread all over California and other places around the United States to help you qualify for a loan.
Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@level4funding.com
www.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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Posted Yesterday by Dennis Dahlberg
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