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Saturday, April 6, 2019

Looking for Fix and Flip Loans in Arizona?

Ready to do a flip in Arizona and need funding? We're here to help. Give us a call and we can answer any questions you have, address your concerns and help get you on the road to profit!

Hard Money Lenders Offer a Wide Range of Loans. Which One is Right for You?

Unlike some banks, Arizona hard money lenders don't just offer a single, one-size-fits-all loan. They offer an array of useful funding options. So which one is right for you?

If you've been turned down by the banks or you just like the flexibility of Arizona Hard Money Loans, you might be ready to try one. Here are some of the types of loans that lenders like Level 4 Funding offer:

Rental property loans. Rental property loans are designed to help you buy a rental property. They're also sometimes called investment loans because they're used to buy investment properties for semi-passive income.
Fix and flip loans. Looking to purchase a home, rehab it and resell it at a profit? Fix and flip loans are perfect for this. They're easier to qualify for, they're fast and they have terms specifically designed for the flipping process.
Bridge loans. Bridge loans are exactly what they sound like — they help you get from one loan to the next. They're most often used for homeowners who want to buy a new home before selling their old one.
Construction loans. Planning to build a spec home or a residence from scratch? Construction loans are the ideal choice; they're tailored to help builders finance everything from the lot of land to the materials and everything in between.
Commercial real estate loans. Commercial real estate is things like offices and retail spaces. In other words, structures that are not meant to be lived in. Buying commercial real estate is a whole different animal than residential real estate and the terms of commercial real estate loans are custom made to meet those unique challenges.
Residential loans. Residential loans help homebuyers purchase a home they intend to live in. This could be a single family home, a condo or a townhome.

Applying for a Loan from a Hard Money Lender

Applying for a loan from a Arizona hard money lender is typically easier than applying for a loan from the bank. Arizona Hard Money Loans use an asset (like a property) as collateral, so there's no begging or jumping through hoops. In fact, you just sit down with a lender, tell them your plans, provide some documentation and the process gets started. Many loans of this type can be approved in a day and some can even show up in your account within a week or so.

Hard Money Lenders in Arizona

If any of those loans sound like a fit for your goals, give us a call here at Level 4 Funding. We're Arizona hard money lenders who have been doing it for decades. We'll listen to your dreams, answer your questions and do everything we can to help you get the funding you need.

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.

Ready to Supercharge Your Income? Fix and Flip Loans Can Help.

Whether you want to supercharge your income by buying and flipping houses professionally or you just want to do some weekend-warrior rehabbing for some side income, a Arizona fix and flip loan may be able to help.

From HGTV stars to celebrities and everyday people, flipping is super hot these days. Find a distressed property, put some money into fixing it up and sell it for a profit. Seems simple, right? While the reality can often be more complicated than this (there are always surprises, hidden costs and market fluctuations), the truth is that you can make good money flipping. In fact, the national average for a flip in America is around $30,000 and in some states, it's much higher. In Pennsylvania, for instance, the average time to flip was 199 days and the average profit was $105,190 per flip, according to CNBC.

Flipping will also bring you a lot of skills. Some flippers hire out the work of rehabbing a home, but most learn how to do much of the work themselves. In so doing, they're learning the ins and outs of installing flooring, putting in new kitchen cabinetry and redoing the landscaping and lots of other useful skills. You'll also learn the market, understanding how the buying and selling process works and knowing what buyers are looking for when it comes to housing upgrades.

How to Finance Your Flip

Here's the tricky part. You need a lot of upfront money to flip a home, including cash for the purchase and plenty of capital to do the rehab. Banks will do traditional mortgages, provided you have a great credit score, lots of money for a down payment and no issues in your past like a foreclosure or bankruptcy.

Here's a better option — hard money Arizona ix and flip loans. They're tailored specifically for flips, so they offer a range of advantages. First, approval is quick. Pre-approval can be done in a day and funds can be in your account in a week or two. Second, their terms are short — usually a year or less — which gives flippers just the amount of time they need to purchase, refurbish and resell a property. Finally, the loan is secured by the property, so there's no extensive checking of credentials, making them perfect for people who less-than-stellar credit or a blemish on their financial history.

Arizona Private Money Lenders Offer an Alternative to the Banks' Red Tape

When they're looking for financing for a home or a basic loan, most people only think of the bank. Well, there's an alternative out there and, for the right borrower, it can be a godsend. Let's take a look at how Arizona Private Money Lenders can ease the pain of the process.

If you've ever gone through the bank for anything — a mortgage, a personal loan, etc — you know the torture it can be. The piles of paperwork. The countless phone calls and meetings. Having your financial past put through the wringer. Waiting weeks to hear any news. Being treated like a cog in a massive, cold system. These are things we just have to put up with, right?

Nope. Thankfully, there's an alternative out there. Arizona Private Money Lenders invest their own money or pool their money with other investors to support projects they believe will be profitable. Because of the way these loans work, they get to operate outside the restrictive confines of the traditional financial institutions. Let's look at some of the pros and cons.

The Pros and Cons of Private Money

Like we mentioned above, Arizona Private Money Lenders aren't bound by the same strict regulations as banks. It's their money and they can reasonably decide where they want to invest it. Loans of this nature are usually secured with a deed to an asset, which covers the investors in case the borrower doesn't pay the loan back.

This means that lenders, unlike banks, don't care as much about your bank account, your credit score and your financial history. It also means that you, as the borrower, can sit down face-to-face and make your case (instead of speaking to one representative at a nationwide bank). Maybe your plan isn't traditional, but if you can back it up with hard data and no small amount of passion, an investor may take a chance on you.

It's important to note that private lenders often charge higher interest rates and the repayment terms can sometimes be stricter than a bank's, depending on what you negotiate at the outset.

Arizona Private Money Lenders in Arizona

Ready to say goodbye to the red tape at the bank and fund your next project? A Arizona private money lender in Arizona may be able to help. Level 4 Funding has decades of experience with private investing. We're here to listen to your plan, give you options and help you realize your real estate dreams. Contact us today!

Friday, April 5, 2019

Residential Hard Money Lenders in Arizona

No more begging, jumping through hoops and paying crazy fees; Level 4 Funding is a Arizona residential hard money lender in Arizona with decades of experience in the game. Qualification is easier than you think, you can get approved in a couple of days and you can get funds in your account in a matter of a week or two. How do you do it? It starts with just a simple phone call — contact us today to get started!

It's a Builder's Market Now — Get Spec Home Financing to Cash In Now

You've probably seen the headlines. The construction industry is struggling to keep up with the demand for new homes across the country. How can you use this to cash in? Arizona Spec home financing!

There's a housing crisis going on in America that's reaching nearly historic proportions. In fact, in the 60 years or so that these kinds of stats have been kept, new home construction is at the lowest level we've ever seen, according to The Wall Street Journal. In 2018, we fell short of the goal by 300,000 units. And it's not for lack of demand; people are looking for new homes and just can't find them. It's just a matter of not being able to keep up.

So there's no question about it, there's plenty of opportunities to make money here. Here's the problem: getting funding for a spec home can be tricky. Banks and big financial institutions like to play it safe so they are hesitant to take a risk on endeavors like that, especially bare lots of land. That's even truer if the builder has any kind of stain on his or her record; a foreclosure, a short sale or bankruptcy will have most traditional lenders turning heel and heading for the hills.

Getting Spec Home Financing from Hard Money Lenders

So who is willing to take a chance on spec home builders? If you're looking to build a spec home and the banks have said no (and even if they haven't), a hard money lender might be your best bet. Since collateral is used to secure these types of loans, your financial history and credit scores are of less concern. What is important for Arizona spec home financing is the current market value of the land, the location of the lot, your experience in the business and what you plan to do with the land.

Spec Home Financing in Arizona

Here's another advantage to going the hard money route for Arizona spec home financing: it's super fast. As a builder, you need to jump on an opportunity and keep to your schedule and hard money lets you do just that. Yes, Arizona Hard Money Loans come with higher rates, but many builders use them as a bridge to get their project off the ground before switching to more traditional funding. If you're looking for financing for your construction project, give us a call at Level 4 today to see how we can help!

How to Get Financing for Cannabis Marijuana Business Loans

The number of borrowers searching for Cannabis marijuana business loans is at an all the high. Understand the market and your options before stepping into this slightly perilous, though very lucrative, market.

If you are a startup business, adequate financing is a requirement to succeed in your target market. If you are a liquor store or restaurant, you may seek financing from a traditional bank or credit union. However, if you are venturing into a marijuana related business and the ambiguous legal status of the marijuana federally, banks have been prohibited to open accounts for these types of businesses. Do not get discouraged, some traditional banks have started offering merchant services and lines of credit and even some Cannabis marijuana business loans. To fill this gap, Arizona Hard Money Lenders have swooped in to offer their lending services.

The Federal Deposit Insurance Corporation (FDIC), a federal agency that guarantees banking institutions, will not insure banks that are providing Cannabis marijuana business loans. Banks would rather avoid making loans to a marijuana business since they view it as aiding and abetting activities that are felonies under Federal Law. Traditional banking institutions accepting deposits from marijuana businesses could be looked at as money laundering. The Department of Justice has decided not to prosecute banks, but if political winds change, as they are prone to do, the banks that have opted to allocate funds for these types of businesses could be in serious trouble.

To fill the space that is left behind by traditional banks that are not willing to provide Cannabis loans, private investors have moved in. Some of these include venture capital and private equity, angel investors, high interest loans provided by private investors, and marijuana consulting firms that offer loans through private funds they manage. And, of course, Arizona Hard Money Lenders. Some of the requirements for private equity firms to offer financing are: be incorporated, have a checking account in the business name, be in the marijuana business as a dispensary or grower for at least six months, monthly gross of at least $10,000, and have a personal credit score of 500. There are a number of public companies that acquire and invest primarily in medical marijuana ventures. A company may take a significant ownership stake (equity) in exchange for funding. The company, after the investment, still maintains operational control. Canada has just approved legislation making all marijuana legal.

Merchant Service

Marijuana businesses need a way to deposit money and write checks to pay bills, pay employees, and distribute profits to partners. If you want to use a traditional bank, you may not want to fully advise the bank what type of business you are in. Of course, do not cover up the type of business by making the banker think you are in some sort of different business as this is bank fraud and you do not need the headache.

Marijuana business financing is difficult, but the rewards are huge. The laws are constantly changing, making it beneficial to contact an attorney to learn the latest laws and any new revisions that have occurred.

At Level 4 Funding, we offer rates as low as 7.99%. We work with hundreds of direct hard money private lenders, some of which specialize in the Cannabis business field. No credit required and no surprise front or junk fees added to the loan. Call us for a no-obligation quote.

Finding an Owner-Occupied Hard Money Loan in Arizona

Whether you want to remodel your current home, make much-needed repairs to a money pit or get some money out of your equity, an owner-occupied Arizona Hard Money Loan might be the right move for you. Here at Level 4 Funding, we've got years of experience providing homeowners in Arizona with the funding they need to reach their goals. If you're interested and you're tired of getting the runaround from the bank, give us a call and let us show you how we can help. Think the Banks Are Your Only Option? Think Again. Residential Hard Money Lenders Can Help.

Many people think jumping through the big banks' hoops is the only way to get the funding they need. We're here to tell you that it's not. Arizona Residential hard money lenders offer viable options that some people don't know exist. Let's look at how they can help.

There are so many reasons people end up going through the bank for a loan and getting turned down. One of the biggest is that they're not deemed credit-worthy. The banks have a bottom-line number for you to qualify. If you're off by a point or two, it's lights out. If you barely qualify, your rates will skyrocket. That's because these lenders are part of a massively complicated system of rules, regulations and "best practices" — if they don't dot every "I" and cross every "T" the buck will come back to stop with them.

Another reason people get turned down is because their income doesn't fit into a box. We live in a gig economy where more and people work for themselves or are independent contractors for smaller companies. Gone are the days of getting a Friday paycheck for 40 years. Banks haven't caught up — they often still want you to show a weekly paycheck and healthy-looking tax returns. Otherwise, you don't qualify and you're out of luck.

Where Residential Hard Money Lenders Differ From Banks

Arizona Residential hard money lenders exist in a whole different world. The money they lend comes from private lenders and they're not as bound by the rules and regulations of the "system" as the banks. In fact, since the funds are secured with an asset (like a property), they're not even that concerned with how much you make, what you've done in the past or how high your credit score is. Yes, they do have standards and you will need to prove your case is worth the risk, but it's a smaller task than fitting in the bank's tiny little box.