Sunday, July 17, 2016

Announcing a new and improved way to finance your property investment: California Hard Money

Have you heard the news? California Hard Money is becoming more and more popular among buyers trying to find a financially feasible way to invest in a new home or property. So what is California Hard Money? Let me enlighten you, my friend.

Essentially, there are two types of Hard Money Loans. The first is a residential investment. This is personalized for the individual and the property being purchased is used as collateral. That’s why the value of the home becomes an essential ingredient in the approval process.

The second type of Hard Money Loan is for commercial investors. Usually, this type of Hard Money Loan is for companies looking to invest in “fix and flip” projects which can often be turned around and sold for profit. Since the values are figured a little differently on this type of property, a Hard Money lender might accept interest in your company as a way to determine approval, etc.

Is California Hard Money Right for You?

If any of the above information sparked your interest, California Hard Money might be just right for you. Keep in mind that it is a pretty hefty commitment, but one that so many buyers benefit from. While the high interest rates and payments seem a little steep, it really can be worth it in the long haul.

In order to qualify, the lender will need to more about the property than they do about you. Again, the loan is equity-based so how valuable your property is matters most. If you have poor credit, low income, etc. that doesn’t mean you won’t qualify. Talk to a Hard Money lender to see what you can do to prove your ability to pay and they will work out a deal with you.

If you’re looking into a Hard Money Loan for a fix and flip project, keep in mind the considerations Hard Money Lenders take in approving you. They will consider the current value of the property, the cost of renovations, and the value of the home after the renovations are complete. Usually, these considerations work in your favor, but you will still want to do all that you can to make the process easier.

California Hard Money could be just the ticket to get you your dream property quickly! Contact your nearest Hard Money lender to get started today.

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: califronia hard money loans,california hard money

Friday, July 15, 2016

Advice for Hard Money California seekers

If you’ve looked into the various types of Hard Money Loans, you may be feeling a little lost and overwhelmed. It can be an exhausting process to find a lender, fill out the paperwork, and then wait to get approved and receive your money. In fact, by the time this process happens, your potential home or property could be bought out from underneath you! With Hard Money California, this is not the case. Here are a few things you need to know about Hard Money California:

You can be in and out within 24 hours. Don’t worry about scheduling things weeks in advance and collecting tax information, pay stubs, etc. This loan isn’t based on income (in fact, you don’t even have to prove that you have an income), but is more collateral based. That’s why they can get you your money so quickly. There are no loan forms and many of the other logistics to worry about with Hard Money California.

The loans tend to be shorter than traditional loans. Perhaps for your last mortgage (or your current one) you have done a 15 or 30 year finance. With Hard Money Loans, that is not the case. For the most part, you can count on your loan being somewhere around six months (plus or minus a few).

You will probably get a loan anywhere from 50-70% of the property value. Of course, this number is different from person to person. However, when you are planning the purchase of your home or property, you can estimate that the dollar amount of your loan will be somewhere in this price range.

The Hard Money California Loan Process

Like I said before, the process is quick and easy. The team of loan specialists will get you in and out as quickly as possible. A few of the items Hard Money California considers when approving your loan are:

1. The location and condition of the property

2. Your ability to complete the project (if the funding is for a fix and flip)

3. Current and projected value when complete

4. Your information

5. The amount of assets and resources you have available to complete the project

These are just a few of the considerations, and all loan institutions are going to be different. Keep these things in mind when considering a Hard Money Loan.

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.

Hard Money for the First Time California Fix&Flip Investor

So many first time investors are curious about hard money lenders. Who are they? What is it? How do I get some? Is it beneficial? Well, here some of the basic principals about California Hard Money lenders, in particular, if you are thinking about investing in property in the state of Arizona, but have never done it before. First of all, let’s determine what the term "hard money" means. When money is discussed between investors, it is considered to either be "soft" or "hard". Typically soft money is easier to qualify for and the terms are flexible. Hard money, on the other hand, is just the opposite. It is much more restrictive. Not in that it's more difficult to obtain, but the terms are very specific and much stricter. They have to be, because most hard money comes from private individuals with a great deal of money on hand at the moment. This is why hard money is also referred to as "private money", the two terms are interchangeable. Since the money used for investment purposes comes from individual people, just like you and I, not a typical lending institution, their first priority is to protect their investment capital. This is why the terms have to be so strict. So what are some of the terms of "hard money lenders"? Obviously it varies from lender to lender and from an California Hard Money lender to one in another state. It used to be that hard money lenders would lend solely based upon the deal or property at hand. They would only lend up to a certain percentage of the fair market value of the property, that way in the event of default, the hard money lender would profit handsomely if they had to foreclose or sell to an end buyer. Now, you will find that many hard money lenders, if they want to stay in business, require more than just equity to qualify. This is because the laws now are favorable for consumers instead of the lender. Consumer protection laws, time consuming and expensive court procedures, have forced some hard money lenders to become even harsher when applying for a loan, but don’t get discouraged. Hard money loans are there to create opportunity for the first time investor and should not be looked over without giving them serious thought.

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: california hard money lender,private hard money california

Finding the Perfect California Private Loan

So you found the perfect investment property, now it’s time to get a loan. Before you do this it is good to know what the terms are when dealing with a Hard Money Lender California has many options. So surely, after some homework, you will be able to find the one that will fit your needs. Here are some of the terms you can expect to see so you can prepare accordingly. Typically they will only loan you up to 70% ARV (after repaired value). This means that a hard money lender can loan you up to 70% of what the home is worth in repaired condition. So if you find a home worth $45,000 in the condition it's in, and needs $20,000 in repair work, and after it is repaired the current fair market value is worth $100,000, then typically they can lend you up to $70,000, which would cover the cost of the house and the repairs. This is what makes California Hard Money loans the perfect option for investing in a fixer-upper or a property you plan to flip. Other terms you can expect are high interest rates. Interest rates vary from 12% - 20% annually and terms can last for 6 months to a few years. Many times these rates vary depending on your credit score and experience. In most cases, there will be closing costs or fees to use hard money. Typically hard money lenders will charge anywhere from 2-10 points just to use their money. One point equals one percent of the mortgage amount. So charging 1 point on a $100,000 loan would be $1000. These are all important things to consider when choosing a hard money lender.

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: california hard money lender,private hard money california

Wednesday, July 13, 2016

Characteristics Commercial Hard Money Lenders Are Eager To Find With Loan Applicants

If you’re ready to apply for a loan with a commercial hard money lender, you may want to review the following advice. While you don’t have to be perfect, these characteristics may have a helping hand in making your dreams come true.

As experienced commercial hard money lenders, we try our very best to make the loan application process and approval easy for you at Level 4 Funding. However, there is a lot that you can do even prior to the start of the loan application process. Here’s the key–you don’t have to be perfect or have perfect credit history–you just have to have a plan for success!

BE PREPARED: Be sure to “come to the table” having done your homework. Spell everything out for your commercial hard money lender; making it easy for him or her. After all, they hold the key to your outcome of your future. From a business plan including a mapped-out marketing strategy to financial records including cash-flow statements– get everything organized, up-to-date, and ready to professionally present.

BE AUTHENTIC: Good credit or bad credit –commercial hard money lenders just need to know. Don’t “walk into” the loan application process without being ready to explain your history and state your case. Yes, it’s wonderful that you may have been able to consistently make payments during good and bad business times, but if the latter, just document your story and be ready to effectively explain and share it.

One Final Quality That May Help Determine Your Eligibility In Securing A Loan With A Commercial Hard Money Lender

So, you’re organized and forthright with your business plan and financials; in-hand. Take it one step further and get a little proactive before engaging with your commercial hard money lender. A final thought is loan collateral. If you have a down payment with respect to the potential purchase of property, be ready to know what it is and be ready to put it down. Anything you can offer helps looming loan-to-value requirements.

A Commercial Hard Money Lender Wants You To Be Successful–Being Prepared, Authentic, And Proactive Is Only Going To Help Your Chances For a Win-Win Solution!

Look to Level 4 Funding when applying for your first or next commercial mortgage loan. Our commercial hard money lenders are experienced and are here to help. We focus on speed of service and offer more flexibility than traditional banks. We want to work with you! If you happen to be prepared, authentic, and even a little proactive–it will only make things that much easier all-the-way-around!

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 HARD MONEY LENDERS,PRIVATE HARD MONEY

Tuesday, July 12, 2016

Getting a Private Money Lender with help from your California mortgage broker

It’s so easy to get a private money lender it’s crazy that anyone should ever get a traditional bank loan. Not that they can. Right now, it’s next to impossible to get a bank loan. Purse strings are tight and there’s a lot of paperwork to sift through before you get an answer- and that answer might be no!

If you need cash right now for your real estate property, then you might want to talk to your California mortgage broker about getting a private money lender loan because you can get this loan super fast and you can stop worrying immediately.

Why are these private money lender loans great? Well, for one, if you have some bad credit, you can stop worrying because with hard money lenders in Califronia it really doesn't matter what your credit score says. You can get an offer anyway that’s fast and probably closer to the amount you need to escape the looming foreclosure on your property.

Moreover, because you don’t have to deal with a lot of paperwork, you can get this private money lender loan really fast. You don’t have to worry about the possibility of a California hard money lender saying no because there’s no reason they would want to. A private money lender wants to get some returns on their investment and you want it fast. In that fair trade deal, everybody gets what they want.

Don’t hesitate to look into getting a private money lender California today. It could just be the best thing you’ve ever done and more than likely, going to ensure that the property you have is saved. All the private money lender wants to know is if you have enough income to pay back the loan. It’s that easy! Speak to your California mortgage broker and look into private money lender loans today.

Arizona Hard Money Arizona Mortgage Broker

Happy senior business man making his notes at work

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Tel: (623) 582-4444 | Fax: (888) 279-6917
www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

BuzzNet Tags: california hard money lender,california mortgage broker,hard money lender in california

Five Benefits of an California Bridge Loan

An California bridge loan is a specialized type of short term loan designed to help borrowers get cash fast and can be used to help you purchase a home. Knowing the risks, benefits, and ins and outs of bridge loans can help you make a smart decision.

An California bridge loans is a common way for home buyers to come up with a down payment when they are buying a new home while concurrently selling their current home. Most buyers rely on the sale of their current home to come up with the down payment for their new home, however, it is not always feasible or ideal to close on the current home first. In a perfect world, you close on your home at 9:00 a.m., have funds available by 10:00 and close on your second home before noon. But it very rarely works this way. More often, you close on your current home and have to find a short term rental for a month or two before you close on a new home. This is not only expensive, but it causes you to have to move twice and you are literally throwing money away by renting.

One solution to the problem is an Califronia bridge loan. A bridge loan bridges the gap by lending you the down payment for a new home that you then pay back once your home sells. The bridge loan is secured to the buyer's existing home. The funds from the bridge loan are then used as a down payment on the new home. Bridge loans are gaining in popularity as a down payment option because they offer flexible terms and are relatively easy to qualify for. Also, many lenders will not allow you to take out a home equity loan on a home that is listed for sale, so in many cases a bridge loan is the only option to come up with cash for a down payment.

5 Things to Know About an California Bridge Loan

Like any loan, a bridge loan has certain risks and benefits. Knowing all your options and going into it fully informed will help you risk less and benefit more. Here are five important things to keep in mind if you are thinking about getting an California bridge loan.

Qualification is usually an easy and painless process. Most lenders do not have set FICO scores or debt to income ratios for bridge loans. Instead, qualification is based on a complete picture of your finances and whether it makes sense to purchase a home before you sell your current one.
You will pay a higher interest rate. Like many short term loans, bridge loans have higher interest rates than 30 year loans. You usually have a grace period of 1 to 4 months depending on your loan terms and if you pay the loan back with proceeds from your home sale, you can usually avoid paying a lot of interest.
You have to be able to qualify for two mortgages. A bridge loan can help you with a down payment, but you will still need to qualify for two mortgages and be able to make monthly payments on both if push comes to shove. However, most mortgages don’t require a payment for the first month so if you sell your home quickly, you ca
Bridge loans can help you sell your current home more quickly. A home that is lived in is always harder to sell than one that is vacant and staged. By moving into your new home, you will give yourself the best chance of selling your existing home quickly and for top dollar.
You can find your new dream home without the stress of having to sell your existing home first. You don’t have to wait or make unattractive contingency offers. You can purchase your new home immediately which will usually get you a better price and help make sure you get the home you want.

If an California bridge loan sounds like a good option for you, find a broker or private lender today to get the process started today!

At Level 4 Funding we specialize in bridge loans and other short term loan types. Call our office today to schedule a consultation to find out if a bridge loan is a good option for you. Don’t wait on a slow market to buy your next dream home. Use a bridge loan to get into the home you need today.

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

Technorati Tags: bridge loan in california,private hard money,hard money lender in california

Beretta Only

Sunday, July 17, 2016

Announcing a new and improved way to finance your property investment: California Hard Money

Is California Hard Money Right for You?

Friday, July 15, 2016

Advice for Hard Money California seekers

The Hard Money California Loan Process

Hard Money for the First Time California Fix&Flip Investor

Finding the Perfect California Private Loan

Wednesday, July 13, 2016

Characteristics Commercial Hard Money Lenders Are Eager To Find With Loan Applicants

If you’re ready to apply for a loan with a commercial hard money lender, you may want to review the following advice. While you don’t have to be perfect, these characteristics may have a helping hand in making your dreams come true.

One Final Quality That May Help Determine Your Eligibility In Securing A Loan With A Commercial Hard Money Lender

Tuesday, July 12, 2016

Getting a Private Money Lender with help from your California mortgage broker

Arizona Hard Money Arizona Mortgage Broker

Five Benefits of an California Bridge Loan

5 Things to Know About an California Bridge Loan

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