Beretta Only: hard money

Showing posts with label hard money. Show all posts

Monday, November 26, 2018

Hard Money Arizona business loans: A Tale of Two Businesses

When it comes to Arizona hard money loans you take out for your business, consider carefully, whatever your pledging.
Sally Jones lives in a beautiful picturesque tourist town, where she owns and operates a restaurant. Then the especially ponderous local city council demands Sally make some extensive cosmetic changes to the exterior of her restaurant, “to preserve the historic character” of the neighborhood they say. If she doesn't make these changes, she will have to shutter her business right in the midst of peak tourist season.
She needs money yesterday. She's heard about hard money does a quick cursory search online, to find a "hard money provider," and the one she finds offers her a merchant cash advance instead. She doesn't think much of it, applies, and the money quickly comes in. She makes the necessary cosmetic changes. Business goes well extremely well during tourist season.
However, the loan she took out was paid back with 40% of all her profits. She breathes a sigh of relief ‘at least the loan is paid off,’ she tells herself. But her margins are razor thin, and she has absolutely nothing in savings.
Should be okay right? Well, then the city council demands that the siding on her restaurant isn't the right color and she'll have to change it. With absolutely nothing in savings, Sally has to take out another MCA loan to resolve the issue.
When it comes to hard money Arizona business loans, real hard money providers don’t use your income to secure their loans.
Across the street, Ralph was under similar threat from the city council. He too needs fast money, he goes online and finds a hard money provider. His lender asks him to pledge his restaurant as collateral for the loan, and he's a bit nervous about the interest payments. Nevertheless, he goes ahead and makes the necessary changes. All the extra income he earns throughout tourist season, allows him to pay back the loan he took out and also enables him to save up the additional revenue.
So when the Birkenstock wearing, tofu munching city council demands that he also needs to change the color of the siding on his building he has some extra money on hand and he doesn't need to take out another loan.
Risk less by seeking out real Arizona Hard Money Lenders.
The moral of this story is don't put your businesses long-term income on the line to fix a short-term problem. A real hard money deal allows you to leverage the equity you have your business' real property as collateral. Yes, there's some risk and you'll want to carefully consider whether or not you can pay back the loan. However, if the prospect of quickly paying back the loan is in sight than this type of deal offers little to no danger.
However some there are hard money providers online, that are merchant cash advance lenders. These loans are especially dangerous as seen in the story above because they hamper your business's ability to save income. Your business's cash flow is eroded, and slowly but surely another short-term problem comes up. Because of your MCA, you have little to no savings on hand, and you have to take out another loan.
So when it comes to alternative financing, know precisely what you're pledging. Be sure your hard money provider is the real deal.

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.

Saturday, October 27, 2018

Who are Hard Money Lenders?

When you are looking for hard money, it is not as easy as going to your local bank. It is important that you understand who Arizona hard money lenders are and where to find them.
When you need a traditional loan, all you need to do is go to your local bank and see a loan officer. Or if you work with a national bank, you can often go online and begin the application process there. But finding hard money lenders is not as easy as going to the bank. You will likely want to begin your search on the Internet and then schedule interviews to meet potential lenders.
Hard money lenders in Arizona are private lenders who might not even operate a full office. In other cases, the private lender could be a part of a group of lenders who work out of an office. But the best place to begin your search is the Internet. This will let you find lenders in your area. Having the ability to meet face to face with the lender is a good idea if you are new to the hard money lending process. It allows you to ask questions and will add to your comfort level as you learn the business. Meeting the lender or lenders in person is also a good way to dispel some of the myth about hard money being a less than ethical lending resource and that the lenders are shady.
Another important bit of information to keep in mind is that private lenders have the ability to structure their loans as they see fit, unlike the tight structure that most banks must follow. This can work in your favor if you want to request certain special terms but it can make the process more confusing if you do not take detailed notes regarding each lenders terms.
What to Expect from a Hard Money Lenders
Even with the ability to create tailored terms, most lenders will only extend Arizona Hard Money Loans out to a year and the interest rates can range from around 7% to as much as 15% or more. The level of risk involved in the loan will often dictate the interest rate offered. Some lenders also work with unique repayment schedules where the payment rate changes each month. This can be helpful as the early payments are normally small but the later payments can be much larger.
Know You Project

Before you begin to speak with lenders, it is important that you prepare yourself. Arizona Hard money lenders are not adverse to taking a risk when making a loan, but they do expect to see the money returned as well as the fees and interest. So knowing the details of your property and your project will allow you to answer the lender's questions and also appear knowledgeable and prepared to complete the project on time and on budget. This confidence might end up being the deciding factor for you getting the loan or it might be what gets you a slightly better interest rate. But being professional is always going to offer the best potential.

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

Thursday, October 11, 2018

Can Your Dreams Come True with Arizona Business Loans?

A business loan can lead to huge opportunities for you and your business. Increase capital, widen your inventory or even expand to a new location with the help of a wisely spent Arizona business loan.
If you are hoping to grow your business, a business loan may be the perfect solution. Investing in property, marketing, new equipment, or an expanded inventory can all be possible with the help of a loan. Many business owners are seeing the benefit of investing in Arizona Business Loans at their own companies. When managed the right way and spent correctly, a business loan can be an ideal catalyst for growth at any business or company.
Achieve your dreams and grow your business with a loan:

Expand – Future growth of a business has many associated costs with it. Business owners can use Arizona Business Loans to invest in items such as a new location or renovation. A loan can even be used to hire more staff to help your company or business grown. Take the stress out of spending your operational funds on expansion and instead direct your loan solely towards growth and wowing your customers with exciting new changes.
Grow your inventory – Increasing inventory can lead to a huge rise in capital and other financial earnings. However, growing your business and replenishing a larger inventory can mean huge expenses. A business loan can give business owners the financial freedom they need to cover the expenses of a larger inventory and lead to exciting opportunities.
Purchase innovative equipment – If your business or company is hoping to continue to impress customers and be able to develop a best-selling product, you’ll need equipment that will keep up with demand. Arizona Business Loans can help you fund machinery and even cover the cost of unexpected fees like repairs or unplanned replacements.
With the help of a business loan, your business or company can grow to new heights and reach unprecedented profit margins. If you currently struggle with low credit, a business loan can even give you the opportunity to raise your credit score! With a loan, your opportunities are endless.
Will a Business Loan Really Benefit My Company?
Owning a business is an expensive process, but the help of a business loan can make it possible! Gain the financial freedom your business needs to grow and succeed with a loan. You can even smart small before committing to a large loan. Taking on a smaller loan and seeing how it can benefit might give you the confidence needed to choose a larger loan.
With any investment, it is important to weigh the pros and cons in order to make sure it is the best solution for you and your business.

Taking on debt is not a solution unless it is absolutely necessary, but a business loan can be useful tool to grow your business or company. A loan can give business owners the opportunity to make huge changes that may lead to huge earnings and profit.

Tuesday, October 9, 2018

Arizona Hard Money Lenders: Advice for House Flippers

If you are in the house flipping business, it is in your best interest to steer clear of conventional financing. The poor condition of any property you aim to purchase will likely mean you won't qualify for a traditional loan. Arizona Hard money lenders are perhaps the best financing option for those who are in the flipping business. Learn some things you should look for in your lender and what you can do to maximize the benefits of hard money.
Hard money providers use the value (or potential value) of the property being purchased to underwrite their loans. Therefore, hard money is ideal when it comes to financing flips because this type of lender can look past the current poor condition of your property.
In addition, when it comes to house flipping, hard money offers considerable advantages over other types of financing. In the case of foreclosures (i.e., the properties house flippers most often purchase) banks want buyers who can make full offers right away. Most hard money deals can close in a matter of days. This speed in loan closing makes hard money an ideal way to secure the best investment properties as quickly as possible.
But how do you know which Arizona Hard money lenders are the real deal?
Basically, you want a lender who can understand the potential of your project. Ideally, your lender should have expertise when it comes to renovation projects. If you are in the flipping business, you want a lender who can offer insight into your specific project, who will understand how to value your property after the repairs are carried out and can give you insight into the amount of financing you might need.
You also want to ensure your hard money deal closes as quickly as possible, so you can secure the best investment properties before your competition. So, the ideal lender should be a direct lender, that is someone who has the already funds on hand to fully finance your project.
But when it comes to speed, what are steps you can take to ensure your deal closes as quickly as possible?
What can you do as a borrower to take advantage of the speed offered by Arizona Hard money lenders and increase your eligibility?
In the first place have the numbers and the specific details of your renovation project worked out well in advance before you approach any lender. Know the particular aspects of the property you aim to purchase, the estimated cost of repairs you need to make and have a specific timetable worked out in advance.
Having a sense of the property’s potential gives you a sense of how much it might be worth after repairs, which will give your lender confidence.
Knowing the cost of the repairs you need to make; will also give a sense of how much financing you actually need. Hard money is expensive so have timetable in mind to get perspective on how long you will to carry the loan, as your aim should be to pay the loan off as quickly as possible.
Basically, the better your understanding of your specific project the more confidence your lender will have in you, and the faster your hard money deal can close.

In short, to get a hold of the best houses to flip, hard money is your best option. In the case of hard money, the ideal lender will have insight into your specific project. It is in your best interest to take advantage of the speed offered by this type of financing, so have all the details worked out in advance before approaching any lender.

Evaluating your options when it comes to Arizona Investment Property Financing

If you are just dipping your toes in the water when it comes to investing in real estate, you may be overwhelmed by the multitude of Arizona Investment Property financing options available.
The first option you might consider if you want to invest in real-estate is a conventional investment mortgage. An investment mortgage, is the same thing as a regular mortgage expect that it is used to purchase investment properties.
While an investment mortgage offers the lowest rates, the underwriting process takes a long time. In the worst case scenario, the sale of the property you were considering might go through, as you wait on your conventional lender to review reams of financial documents. So, if a conventional investment mortgage is the only financing option you consider, you could miss out on the best deals.
While conventional financing offers the lowest interest rates, these lenders have exceptionally high standards which many new investors may not be able to meet. The main issue comes down to credit, to get the best conventional investment mortgage possible your credit score should be over 700, the minimum is 620. So if your credit score is lower than 620, there is little to no chance you can qualify for an Arizona investment mortgage.
So if you can't qualify for a conventional Arizona Investment Property financing, can you still finance the purchase of an Arizona Investment Property?
Some investors draw equity from their primary residence to finance the purchase of their first Arizona Investment Property, while others secure loans from crowdfunding websites. Some investors may have friends or family members with deep pockets, who are willing to help and who can finance their first purchase.
Home equity lines of credit, crowdfunding, and personal loans are all options you could consider if you can't qualify for a conventional investment mortgage. However, of course there are drawbacks to consider.
With home equity loans, you put your primary residence at risk if you default. With crowdfunding there are not guarantees your loan will ever be fully funded and borrowing from close friends and family can put a severe strain on your relationships if you run into financial difficulties.
If you can, you should consider hard money which can be an excellent Arizona Investment Property financing option
This type of lender uses the value of the property you aim to purchase as a means to secure the loan. For this reason, hard money providers can look past your financial situation and your personal credit score, making hard money an option if you can't qualify for a conventional investment mortgage.
Unlike home equity loans, with hard money, there is often no need to pledge your primary residence as collateral. Most hard money providers have the funds on hand to fully finance your loan. So with hard money, unlike crowdfunding, there is no need to wait around for your loan to be fully financed. Unlike personal loans, you don’t risk your relationships with hard money.
While hard money is more expensive than other types of financing, it gives you options.
After you purchase your Arizona Investment Property, you can always refinance to a less expensive conventional loan after your financial situation improves.

So if your just getting started in real-estate investment and you can’t qualify elsewhere consider hard money as a potential financing option.

Beretta Only

Monday, November 26, 2018

Hard Money Arizona business loans: A Tale of Two Businesses

When it comes to Arizona hard money loans you take out for your business, consider carefully, whatever your pledging.

When it comes to hard money Arizona business loans, real hard money providers don’t use your income to secure their loans.

Risk less by seeking out real Arizona Hard Money Lenders.

Saturday, October 27, 2018

Who are Hard Money Lenders?

When you are looking for hard money, it is not as easy as going to your local bank. It is important that you understand who Arizona hard money lenders are and where to find them.

What to Expect from a Hard Money Lenders

Know You Project

Thursday, October 11, 2018

Can Your Dreams Come True with Arizona Business Loans?

Will a Business Loan Really Benefit My Company?

With any investment, it is important to weigh the pros and cons in order to make sure it is the best solution for you and your business.

Tuesday, October 9, 2018

Arizona Hard Money Lenders: Advice for House Flippers

But how do you know which Arizona Hard money lenders are the real deal?

Evaluating your options when it comes to Arizona Investment Property Financing

If you are just dipping your toes in the water when it comes to investing in real estate, you may be overwhelmed by the multitude of Arizona Investment Property financing options available.

So if you can't qualify for a conventional Arizona Investment Property financing, can you still finance the purchase of an Arizona Investment Property?

If you can, you should consider hard money which can be an excellent Arizona Investment Property financing option

About Me

Total Pageviews

Blog Archive