Beretta Only: Hard money lender

Showing posts with label Hard money lender. Show all posts

Saturday, November 10, 2018

Can Arizona hard money loans Give a Helping Hand when Facing Foreclosure?

People who are facing foreclosure often look for creative ways to save their homes. Arizona hard money loans can help in these situations, but you must know how to evaluate which options are best.
If you’ve found yourself in hot water with your mortgage company, the first decision to make is whether you genuinely believe you can catch up your payments or if the best solution is to give up your home. If your plan is to save your home, you will need to work out a budget and plan for repayment of the past due balances. If you believe you cannot get caught back up, then the best course of action is generally to identify which options will help you move on without sinking your credit.
Ideally, your first point of contact should be to your existing mortgage company. If you already know how much you can afford to pay back each month, they may be able to give you an alternate payment plan that will help you avoid foreclosure to begin with. Sometimes, banks will also agree to a “deed in lieu of foreclosure,” meaning you’ll sign the home over to the bank, or they may agree to a “short sale,” which refers to selling the home for a price that’s short of what is owed. This option is generally only viable if the bank is considering auction and you’ve got a reasonable offer. It can help minimize the impact on your credit, but it can still drop your score 100-150 points. Considering that bankruptcy can reduce a score by 150-240 points and still may not help you save your home, a short sale may be the preferable option. Conversely, speaking to your mortgage company about having someone assume the mortgage, or take it over, could also work, though most contracts specifically exclude this option.
Lastly, Arizona hard money loans can be a viable option to help you bridge the gap, regardless of whether you plan to keep your home or not. Depending on the terms offered, you may be able to qualify for as much as 90% of your home’s value. The funds can then be used to pay off your existing mortgage, buying you some time to sell the home for maximum value, in which case your credit score won’t take the same hit as it would with a short sale or bankruptcy. Or, you may take advantage of reduced/ interest-only payments for some time until you’re able to qualify for a traditional mortgage again.
If You Can Work Out a Strategy, You Can Save Your Home
Whether you’re going with Arizona hard money loans or any of the other options mentioned, having a strategy is paramount. You will need to know what your end goal is and have worked out your financials in advance; do not move forward unless you know you will have the funds to meet obligations. Granted, this is common sense, but the possibility of losing one’s home can cause some to make emotional decisions, such as moving forward with the hope they’ll be able to pay, rather than the knowledge they will.
Set realistic expectations before settling on a plan of action.
When you’re facing difficulties, such as a potential foreclosure, there are no magic bullets. Explore your options carefully and learn the benefits as well as drawbacks of each. If Arizona hard money loans seem like the best possible option for your needs, talk to a seasoned broker to get the best terms possible.

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

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.

Monday, November 5, 2018

Arizona Private Money Lenders: Three Situations Where Private Money is a Win-Win

To truly grown real estate investment business you need two things: You need capital to expand, and you to need close on the best investment opportunities as quickly as possible. Arizona Private Money Lenders offer both. However, there are some specific instances where private money outshines other forms of financing.
When it comes to financing real estate investment there, are, of course, many financing options out there. Yes, you might ponder going to a traditional bank, but the likely outcome is that your deal will choke to death amid all the red tape.
Some consider online crowdfunding platforms, but as smalltime real estate investors ponder the terms of your deal, your loan will sit unfunded. In fact, online crowd funding is perhaps an even less reliable source of financing than a conventional bank.
To really grow your real estate investment business you need cash. No not a suitcase full of money but a readily accessible source of financing that can allow you to make full offers right away on the best investment properties.
Private lenders are perhaps the most convenient, flexible and accessible source of financing out there. They are not bound to rules and regulations like traditional banks, and unlike online crowdfunding sites, they have the means to fund your loan fully.
But there are specific instances where private money really is your best option.
The Benefits of Arizona Private Money Lenders Really Shine in these Specific Situations:
Bad Financial Situations: Private lenders aren't under regulatory scrutiny like banks, and therefore no matter what your credit score is a private lender is at least willing to sit down with you and can thoughtfully consider the terms of your deal.
You need financing "yesterday,": Say you want to make a full offer, but you don't have the cash on hand to close the deal. Better yet you might be in a situation where your latest real estate project will crumble without a quick injection of capital. If this is your situation, you don't have time to wait around for the bureaucratic nightmare entailed by the traditional lending process. Private money providers have the flexibility to close loans in a matter of days.
There is a "bidding war,": If an especially shiny investment property has just come onto the market, your fellow investors might be chomping at the bit to seal the deal. Once again private money can come through quickly, and this can enable you to make a full cash offer before your competition does.
In these specific situations, private money outshines other forms of capital.
Regardless of your specific situation private money offers flexibility, speed and convenience to real estate investors.
Private Money Lenders in Arizona offer many benefits to those looking to quickly grow their real estate investment business.
If you need it fast access to capital, are tired of waiting around on banks to fund your deals, or if your financial situation is less than perfect, take advantage of private money and bring your real estate investment business to the next level.

Sunday, November 4, 2018

Grow Your Financial Future with Hard Money Lenders Arizona

Start your career in real estate investment and grow your income exponentially with the help of a loan specialized in house flipping. The art of flipping houses in Arizona can quickly triple your income if you follow some of the helpful strategies presented in this guide.

The fact is that it is very important for your financial goals and your financial planning that you know and are well are of the pros and cons that can come with flipping a property or purchasing properties purposely for flipping purposes before you begin diving into the real estate game. Purchasing properties is a risky investment. However, with all risks you should know that bigger risks can lead to greater rewards. Diving into the world of real estate can help you quickly achieve your financial goals and expand your financial future to new heights.
Hard money and finding the right hard money lenders to work with gives you a way to begin to borrow money without having to go through the lengthy process of using a more traditional mortgage lender approach or reaching out to a broker that works in a traditional bank setting. The loans that you will acquire from hard money are loans that come from individuals or private investors who are able to lend money based on the property you're investing in as collateral. This is high risk and high reward even though it starts off with a very minimal investment up front and can be done even if you do not have a strong credit rating or previous credit history.
Choosing the Best Hard Money Lenders Arizona for Your Goals
Hard money gives you the perfect opportunity for advancement into the world of real estate investment and flipping homes. Finding a lender that can work with your financial goals and help you find the perfect plan to move forward can take your financial future to the next level. Growth and financial prosperity is achievable if you are able to make the right risks and network with the right people. The right lender can make this and more possible
With any new business venture or investment, it is important to weigh all of the facts into consideration so that you can make the best financial decision for you or your business.
Most hard money loans do require proof that you can eventually repay them but this is still very unique than the typical process of getting a lending opportunity through a more traditional bank setting. Typically at a bank, the lenders there are much more interested in your credit history than anything else as well as your current finances. Hard money loans in Arizona take a much more unique approach. Because of this, you can easily get approved so long as you have proof of being able to repay the loan. Borrowing previously is one example of this. That means that getting started with hard money loans can open doors for even more opportunities in the future for you.

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.

Monday, October 22, 2018

Give Me 30 Minutes and I’ll Tell You All the Secrets About Hard Money Loans

You may have heard about Hard Money loans Arizona but still have some questions about how these types of loans can help you achieve your financial goals. Learn how hard money can help you get started with real estate investing as soon as today.
If you do not have the financial status or credit history required to get a loan from a broker at a traditional bank, hard money can be a better way to get a loan without have to choose a more traditional mortgage option. When you choose to opt for hard money, the property that you invest with is used to serve as collateral rather than through the upfront costs that are associated with a mortgage. If you are hoping to achieve a loan quickly and do not have a good credit score, hard money may be your best option.
Getting approved for a loan from hard money does not require the same financial status as a more traditional approach. Lenders from a bank will analyze your credit score before deciding if you are the right candidate for a loan. When you choose hard money, you only need to show that you are able to repay the loan. This makes the process of getting approved for your loan must more fast than the approval process at a bank. If you are trying to begin investing in real estate as quickly as possible, Hard Money loans Arizona are a great solution.
Hard Money loans Arizona are great due to their:
Speed: Quickly get approved for your loan and avoid the long process of a bank.
Approval Ratings: Be eligible to receive a loan even if you do not have a good credit score or have established a positive line of credit before.
Opportunity for Advancement: Networking with hard money lenders can open more doors for you to achieve further real estate and investment goals.
How Do I Know If Hard Money loans Arizona are Best for Me?
If you are looking to get a loan quickly and do not have a good credit score, hard money is your best choice. This type of loan is also much more flexible than other options and can have terms that work with your budget or financial goals. With more opportunities for approval, hard money can give you opportunities that traditional lenders would otherwise refuse.
With any new business venture or investment, it is important to weigh all of the facts into consideration so that you can make the best financial decision for you or your business.

Finding the right lender is as easy as attending a networking event or reaching out to private brokers in your area. With looser options for approval regardless of your poor credit, hard money makes it possible to begin investing in real estate as soon as possible. The real estate industry is a thriving business venture that can help you achieve financial prosperity and begin turning around your poor credit quickly.

Sunday, October 14, 2018

Arizona commercial loans 101: Benefits and Pitfalls of 3 Common Options

There are many different types of commercial loans in Arizona, each with their own pros and cons. Become familiar with the most common ones to determine which is right for you.
1. Bank Term Loans: The most commonly-sought form of Arizona commercial loans is bank term funding. With these, the bank lends a large sum and the borrower pays it back over a period of years with interest. Most business owners start off going for this choice, but about 75% of applicants are rejected because banks have tough criteria and expect excellent credit.
2. Lines of Credit: Similar to a credit card, lines of credit are sometimes offered by banks. With these, the business owner can take money out as they need it and pay it back over time, typically with a higher interest rate than a term loan. It’s not ideal for those who need large amounts of cash, but can work for someone who wants a cushion to help things run smoothly when cash inflows dwindle. Like the term, options, however, these are reserved for people with excellent credit.
3. Asset-Based Loans: When businesses cannot tap into cash due to bad credit, they can still sometimes get asset-based Arizona commercial loans. That means the lender looks at the value of what’s being purchased or what the borrower has and determines if it can be liquidated if the borrower doesn’t pay. When there’s less risk for a lender because an asset is available, even riskier borrowers can qualify. Equipment loans fall into this category, and work well if machinery or vehicles are needed, but sometimes borrowers can leverage other things as collateral, such as their home.
Startups and People with Rotten Credit Have Better Luck with Asset-Based Commercial Loans
Banks say “no” a lot to people who don’t have strong credit or who are just starting out, which is why alternative funding is so popular. That said, it doesn’t have to be an all-or-nothing sort of deal. Some begin with an asset-based option and later convert it to a term loan through a bank after they’ve built up credit, while others use it to bridge gaps between the time a large order is placed and the customer pays. Some also use a variety of lending forms to cover their needs. For example, a term loan to purchase real estate for the company and an equipment loan to cover the cost of company vehicles. The right mix is different for each company based on its needs, but suffice it to say, asset-based choices fill the gaps well and make it possible for more businesses to get funding when banks turn up their noses.
If you know how to evaluate various forms of lending, it’s easy to choose what’s best for your needs.

With this basic information in mind, choosing the right form of lending for your business needs is simple. That said, it’s also beneficial to work with a broker who is well-versed in all forms of lending who can confirm your decision and help you get the best terms once you’ve made a decision.

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.

The Definitive Guide to Fund your Investment Property with Arizona Hard Money Loans

Why are more and more investors obtaining Arizona hard money loans? There are certain investment strategies that make this type of loan appealing and lucrative.
This is a type of loan that is not obtained from a conventional financial institution. The expense, almost always, is slightly higher than a conventional loan. The points involved can be about 2% to 6% and are the initial compensation to the broker. The interest rates can be between 8% to 12% or more. There are a number of factors affecting the points and interest rates, such as loan duration, borrower credit, real estate type and the market fluctuations.
In the aftermath of the housing crisis in 2007-08, conventional loans came under stricter regulations. If you have good credit, proof of income, and are seeking a 30-year fixed rate loan, a conventional loan may be your best option. These types of loans are, however, under tighter underwriting restrictions and, if the loan officer cannot check all the boxes when you are applying for the loan, you may just be out of luck.
Conventional loans can be denied if you have bad credit, no income, lots of assets, or numerous liabilities. Under various circumstances, you may benefit from Arizona hard money loan. These include:
Unimproved land purchase
Your purchasing an unusual property such as a church or marina
A quick closure is required. You can often close in as little as a week
Personal assets are limited
A hard money loan, in the instances above, may be your best bet. An Arizona hard money lender will step in when a conventional loan will not work. The ability to quickly purchase the property you have located can mean the difference between a successful investment and one that goes nowhere.
Arizona Hard Money Loans that are Flexible
Arizona hard money loans are often more flexible than conventional loans. And once you locate that unique property, timing is of the essence. Typical Arizona Hard Money Lenders close within a week. At Level 4 Funding, we present you with an approval in as little as 24 hours, and with funding in as little as two days. This gives you the flexibility to go after those properties that traditional banks may view as too risky. You may see a higher rate of return with a hard money lender. The hard money lender values the properties themselves and may be willing to loan at a higher loan-to-value ratio as long as you can demonstrate the potential for repair value improvements. When you get into a competitive bidding situation, the hard money lender can offer repair funding which may lead to acceptance of your offer.
Many contractors, real estate brokers, investors and developers have experienced financial distress such as bankruptcy, asset for foreclosures, and delinquent accounts.
Because of the failure to meet the credit score requirement with conventional loans, Arizona Hard Money Lenders are there to fill the gap. To repair your credit rating and convert your hard money loan to a conventional loan, utilizing a hard money lender will assist you to archiving this with positive performance. With few employees and licensed as a real estate broker, a Hard Money Lender is an advantage since you are dealing with the decision maker directly.
Call Level 4 Funding and talk to us directly. We are happy to answer any questions you may have about your potential investment.

How Lines of Credit Work with Arizona Commercial Loans

Commercial lines of credit are very popular with the small business financing of today—and are the most misunderstood. Here, then, are some of the basic facts that can help you decide if this type of Arizona Commercial Loan is right for your small business.
A line of credit allows a company to draw on a predetermined amount of money. To access the funds, the company just needs to draw on the line. Every time you draw on the line, you are reducing the amount of funds you can draw from. The inverse is that you can pay down the line of credit at any time, thus increasing the available funds to draw from. A conventional credit card works much like a revolving line of credit.
When getting the Arizona line of credit, the bank restricts the use of the funds. Since it is a Arizona commercial loan, the funds can only be used for business purposes. Your company can use these funds to cover short term needs such as paying suppliers, covering payroll, and other corporate expenses.
Just like all types of lines of credit, there is an associated cost. The costs vary depending on the size and risk of the line, and the fees are based on the outstanding balance. There are additional fees such as availability and maintenance fees. These fees vary by bank. Most banks require that the full balance of the line of credit be paid down in full once a year.
Lines of Credit: Secured and Unsecured
Secured Lines
Both corporate and personal collateral can be used for this type of line of credit. These assets will be used to secure the repayment of the line of credit. If the business owner defaults, the bank will foreclose on the assets to pay off the loan. Various types of assets can be used such as account receivables, inventory, cash, machinery, securities, certificates of deposits and real estate. The pleaded assets will be secured by the bank filing a UCC.
Unsecured Lines
This type of line of credit does not required collateral such as outlined above. The unsecured line of credit will be personally guaranteed by the business and often includes a personal guarantee by the business owner. In the case of a default, the bank will sue the business owner personally as well as the company.
When applying for a Arizona commercial loan, the bank will examine the company’s income statement (P & L and Balance Sheets). These reports will help the bank determine if you can repay the loan.
Most banks will want to review two years of financial reports. The bank wants to see two years of operating profits. The bank also wants to see assets on the balance sheet such as accounts receivable, machinery, inventory and real estate. This requirement varies by bank. The line of credit based on these assets runs around 50% of the net value of the asset such as the machinery after depreciation.

Beretta Only

Saturday, November 10, 2018

Can Arizona hard money loans Give a Helping Hand when Facing Foreclosure?

People who are facing foreclosure often look for creative ways to save their homes. Arizona hard money loans can help in these situations, but you must know how to evaluate which options are best.

If You Can Work Out a Strategy, You Can Save Your Home

Set realistic expectations before settling on a plan of action.

Monday, November 5, 2018

Arizona Private Money Lenders: Three Situations Where Private Money is a Win-Win

Sunday, November 4, 2018

Grow Your Financial Future with Hard Money Lenders Arizona

Start your career in real estate investment and grow your income exponentially with the help of a loan specialized in house flipping. The art of flipping houses in Arizona can quickly triple your income if you follow some of the helpful strategies presented in this guide.

Choosing the Best Hard Money Lenders Arizona for Your Goals

With any new business venture or investment, it is important to weigh all of the facts into consideration so that you can make the best financial decision for you or your business.

Monday, October 22, 2018

Give Me 30 Minutes and I’ll Tell You All the Secrets About Hard Money Loans

You may have heard about Hard Money loans Arizona but still have some questions about how these types of loans can help you achieve your financial goals. Learn how hard money can help you get started with real estate investing as soon as today.

How Do I Know If Hard Money loans Arizona are Best for Me?

With any new business venture or investment, it is important to weigh all of the facts into consideration so that you can make the best financial decision for you or your business.

Sunday, October 14, 2018

Arizona commercial loans 101: Benefits and Pitfalls of 3 Common Options

There are many different types of commercial loans in Arizona, each with their own pros and cons. Become familiar with the most common ones to determine which is right for you.

Startups and People with Rotten Credit Have Better Luck with Asset-Based Commercial Loans

If you know how to evaluate various forms of lending, it’s easy to choose what’s best for your needs.

The Definitive Guide to Fund your Investment Property with Arizona Hard Money Loans

Why are more and more investors obtaining Arizona hard money loans? There are certain investment strategies that make this type of loan appealing and lucrative.

Arizona Hard Money Loans that are Flexible

How Lines of Credit Work with Arizona Commercial Loans

Commercial lines of credit are very popular with the small business financing of today—and are the most misunderstood. Here, then, are some of the basic facts that can help you decide if this type of Arizona Commercial Loan is right for your small business.

Lines of Credit: Secured and Unsecured

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