A Few Pitfalls To Avoid With Hard Money Lenders Arizona Institutions

A Few Pitfalls To Avoid With Hard Money Lenders Arizona Institutions

THERE ARE REALLY TWO DIFFERENT KINDS OF HARD MONEY LENDING COMPANIES. THE FIRST ARE DIRECT HARD MONEY LENDERS ARIZONA WHO WILL DO ALL THE WORK.

They will underwrite, fund and service your loan. The second are brokers who just shop your loan out to a direct lender. You have to be careful when dealing with companies that only broker hard money loans. Many of them are simply fee collectors that will require you to put up anywhere from a few hundred dollars to a few thousand dollars before they will give you a hard money lending decision. These types of places may or may not have the intention of funding your application, but if they don’t, they will keep your money! There is a direct hard money lender that can fund in 13 states. However, they have nosey partnerships with other direct hard money lender Arizona so that they can fund deals in states that are not our primary lending states. That way you get the best of both worlds because if you have a good deal, they will get you funding!

The hard money for funding your real estate investment deals has to come from somewhere. Hard money investors are people who believe in real estate and understand how important it is to driving our economy and building long term sustainable wealth. These people put up their own capital to fund real estate investment deals. Now they don’t do this simply out of the kindness of their heart, they are looking to make a profit off the interest they charge on the loan. However, it’s a win/win scenario because you make money on buying and selling a property, they make money on the interest from your hard money loan.

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