Simplifying Hard Money Loans in Arizona

Money lending is a difficult business to really understand. Have you been trying desperately to understand all the jargon being used around you when you try to figure out money lending? We are here to help. We understand that money talk is difficult and it can be hard to understand and that can leave you feeling not only confused but upset and overwrought. Here’s what hard money lenders in Arizona are all about.

Hard money lending is a unique process because it is real estate backed instead of being

Hard Money Loans Arizona

based on your income or financial past, so it doesn't matter what your credit looks like to a hard money lender in Arizona, that makes no difference. Usually, these loans are short term and tend to range anywhere from six to thirty-six months. A majority of the loans end up being even less time than that.

Usually, hard money lenders in Arizona is a loan only for property or real estate investments. That might sound a little limiting to you, but it actually is not. Hard money loans can be used for the purchase of your dream home, for an investment in a “fix and flip” project, or for a residential property investment. These are funded relatively easily and quickly as well. That means that you can get your money and get on with life in a timely manner.

How to snag that Hard Money Lenders in Arizona

The hard money lenders in Arizona want you to succeed. Just know that with any money lending institution, you need to be careful. You can’t trust anyone so you need to make sure you do all your research and have all your finances in order. You can’t trust just anyone. Know what you are getting yourself into by knowing the estimated value of the purchase you want to make and come up with a ball park figure of what amount of money you think will be lent to you. Do not ask for more money than you actually need. That would be a huge mistake.

Also remember that hard money lenders in Arizona are going to charge you a bit more interest than a regular loan, but keep in mind that a hard money loan is a significant risk on their part because they are lending to you without pay stubs, tax information, or any knowledge of your financial past.

If you feel that you may not be able to qualify for a traditional mortgage loan, maybe it is time to look into hard money loans.

Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Is Arizona Hard Money Really “Hard”?

You might be new to the term “hard money” and it might sound a little intimidating. Don’t let this scare you. It really isn’t, even though ‘hard money’ sounds a lot harsher than ‘soft money.’

In the world of loans, you may have figured out already that there is soft money and hard

hard money lenders Arizona

money. Without going into extensive detail, let’s just say the two are very different. One thing that is different is that Arizona hard money is based upon hard assets and not credit score or credit history. In all aspects, hard money is essentially the easiest loan for you to get approved for.

Remember that Arizona hard money loans are equity-based, not credit based, so it’s about the assets, not your credit, income, or financial history. It doesn’t matter how bad your credit is. Usually. However, some hard money lenders are going to want more information about you, just to make sure you can repay the loan, however, for the most part, they are more interested in the property you are looking to buy, not your history.

What Kind of Arizona Hard Money Loan is Right For Me?

There are a few different types of Arizona hard money loans. Of course, the first is a commercial hard money loans. This is for, as you might have guessed, commercial properties, not personal properties.

The second type of loan is a business hard money loan. This is where the loan is based upon the hard assets of a business such as accounts receivables or cash flows. Again, not about credit.

The other (and perhaps most common) is a residential hard money loan. These Arizona hard money loans are usually for individuals or families looking to fix up a property or purchase their dream home.

Please remember that an Arizona hard money loan is not a signature loan, or rather, it is not a loan without any assets whatsoever that’s based on credit score, work history, income, etc. If you’re looking for a signature loan, talk to your bank about that because that is not what hard money loans are. The whole purpose of a hard money loan is asking for a loan based on the property you are looking to invest in and getting that loan in a timely manner.

Talk to your nearest Arizona hard money representative to see if you qualify for this type of real estate loan today!

Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Do you want a reasonable rate from a hard money lender in Arizona?

Hard money loans are great, but if you are doing your research, you know that their interest rates are high. This could be a definite turn off for you, but don’t let this deter you if you struggling and need the money. Just remember that getting a loan from a hard money lenders in Arizona is entirely different than getting a loan from a conventional lending institution.

There are no low interest rates in an Arizona hard money loan unfortunately. You may as why, so let us tell you; while Hard money lenders in Arizona do want to lend to you, you do have to keep in mind that they are taking a significant risk in doing so because they do not base their decision on your credit or ability to pay. It’s true, you can have absolutely terrible credit and still get a hard money loan. However, you will never see yourself get a hard money loan with a 3% interest rate. Ever. That is said without hesitation. Hard money loans are mainly short term and contain higher interest rates. The typical loan is anywhere from three to nine months—never the 30 year traditional mortgage. 

Don’t Let This Discourage You! You can still get a loan from a Hard Money Lender in Arizona!

It is true that the entire loan process is entirely exhausting and frustrating process. However, if you do everything correctly and see it to the end, you can be rewarded with a loan so you can keep your house or your property and your peace of mind. You don’t have to let the higher interest rates deter you from pursuing a loan, but do keep in mind that you don’t pay all that much in interest because the length of the loan is so incredibly short. This doesn't make a hard money loan any better than a soft money loan or vice/versa. You just won’t be spending tens of thousands of dollars on interest with hard money. Comparing the two types of loans is like comparing apples and oranges—just plain different. For the most part, hard money lenders in Arizona will likely not be offering you single digit interest rates. That can be a harsh reality to face, but it’s good to know.

Hard money lenders in Arizona tend to lower the interest rates for experienced investors, so if you’re new to the game, you may just want to hang in there for a while and feel it out and do your research!

Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Never Get turned down by Hard Money Lenders in Arizona

Do your research so that you never have to be turned down by a hard money lender in Arizona again.

While getting approved should not be a problem with a hard money loan since loans are based off of equity and not by your credit or credit history as it is with a bank loan, there could be some trouble getting approved. This can be very upsetting, but please don’t give up. There are ways for you to adjust your approach and get the money you need.

Make sure you do a few things that could help you get approved the next time you look into a hard money loan in Arizona. First, you need to keep your deals at our below 65% LTV. That means that you are not asking for an amount that is more than 65% of your property’s value. But, that’s just the start. There is a lot that goes into hard money lenders in Arizona and their decision to help you out.

So, while it is important to keep that LTV at a reasonable amount, keep in mind that many lending institutions send out evaluators and appraisers to inspect properties on their own terms. They can do that because it is a private lender and not a bank. Don’t take it too personally. It’s not that they don’t trust you or your appraiser’s judgment, they often just need to see it for themselves before making their decisions.

Are you still getting rejected by Arizona hard money lenders in Arizona? Here are some reasons why that might be:

It can be upsetting to be turned down by a harsh money lender when you’re in a circumstance that seems terrible and never ending. However, they are doing their best to try to work with you. These hard money lenders in Arizona want to help you! It is just that they have to protect themselves as well.

It could be that you want money for a property in a shady or sketchy neighborhood. This is one thing hard money lenders in Arizona tend to shy away from and you will sometimes see this when you want money to fix and flip houses.

Remember that several factors are taken into account when assessing a neighborhood: crime rates, cleanliness, the real estate market in that area, percentage of ownership vs. rental, etc. This means you shouldn't plan on getting a large loan to fix up a mansion in the ghetto. It just won’t work.

Why not? Well, because Hard money lenders in Arizona want to see a return on their investment. That’s why they’re in the business in the first place; makes sense, doesn't it? The funds available for these loans come from private investors looking to make a profit on the money they aren't needing at the time. They need to know you can pay; if you can’t, you may not get approved.

Hard money lenders in Arizona are there to help you out, so understand their risk, do your research, and keep pursuing your loan until it works out.

Know Before you Borrow Arizona Hard Money

Try not to jump directly into an Arizona hard money loan even if it does sound tempting. We know that you might be in a desperate situation and in dire need to get some money for your home. However, as with any other investment dealing with a large amount of money, there are a few things you need to know before pursuing the loan.

An Arizona hard money loans is a great way to get quick money for a short term, and they can even be quite profitable for those borrowing the money. You may not know that usually, hard money loans are for residential or commercial properties, but can also be used for fix and flip projects and other real estate investments. Here are a few things to keep in mind before you pursue hard money:

Five Things to Think about with Arizona Hard Money

1. Be ready to negotiate. Research and understand what you are getting into. Then research every dollar, every penny, of the loan before you sign the agreement. There is a reason hard money lenders don’t post flat interest rates on their site—these loans are negotiable and no two loans are alike! Make sure to have all your papers in order and negotiate in a reasonable manner so that you can get the best deal for you and they can get the best deal for them.

2.  Before you borrow, shop around. Like buying a new pair of shoes, remember that you need to shop around. You definitely need to do your research before borrowing Arizona hard money. Don’t just push forward with the first lending institution you call. They may not be right for you. Explain your financial situation to a few lenders and see what they are willing to do for you. Find a lender with a good reputation!

3. Consult with professionals. While you can often feel at ease in the hands of an Arizona hard money lender, I would suggest consulting with more experts and people than that. Remember, lenders are in this business to make a profit, you need to know what kind of person you are dealing with, so make sure to seek out someone who is objective and eager to help you plead your case. An attorney or real estate agent can help you find lower interest rates.

4. Only borrow what you need! It can be tempting to ask for more than what you need to help you with some of your other bills. This can be a bad idea! You will always regret it in the long run if you have to struggle to pay bac the loan. More money results in more spending and more debt. Calculate the numbers, know what you need, and stick with it.

5.  Be honest with the loan officer. But, also remember that they are making a profit from you, so protect yourself. Don’t lie your way into a loan, however, that could lead to big, big problems for you down the line. Most Arizona hard money lenders are willing to work with you, so share your financial information with them and try to get the lowest rates.

Hard money is a great way to get money for property and real estate quickly, easily, and efficiently.

Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Financial Worries in these hard times might mean you should talk to an Arizona hard money lender

You can get your big money with hard money lenders in Arizona.

There are thousands of Americans who are struggling to make payments on their mortgages. This can cause a lot of stress and heartache for people who already work hard and try their best. Remember it is not your fault. These are difficult times.  However, there is good news for you. You can attain a loan of money to help you get back on your feet with hard money lenders in Arizona. Even as you read this, there are many lenders in Arizona just waiting to hear from you and help you get your feet back on the ground! They understand what you are going through, and they derive satisfaction with helping you overcome your financial troubles.

Hard money or “private money” is much different than soft money. Unlike soft money, this

Arizona Hard Money

type of loan is comes from private sources such as a private investor's personal funds, pension plans, and other non-traditional sources. Possibly the best thing about hard money lenders in Arizona, however, is that they don’t base your qualifications of getting a loan by your credit score or credit history, but instead by the value of your equity.

You should definitely take advantage of hard money lenders in Arizona and apply today for a loan.

Don’t wait around. If you are currently having financial difficulties, then you should call immediately and get your head out of this water. Hard money lenders in Arizona wants to help you. The process of being approved for a loan is rather simple. Just make sure to have your financial records handy. All you have to do is the following:

1-      Call a hard money lender in your local area and explain to them your intentions.

2-      Once a time is arranged, they will come to your property and will give you an evaluation. Within 30 minutes after they have evaluated your situation, they will have your answer for you.

3-      Once approved, there will be some paperwork to fill out. Make sure to have your financial records handy.

4-      After you have that taken care of, you will have your loan within a time period of 24 hours.

See how easy that is! Hard money lenders in Arizona are there when you need them and want you to succeed. Don’t wait until it is too late though, many people are seeking their help and funds go quickly.

Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

How to get money for your new home through hard money lenders in Arizona.

America is struggling. If you happen to be one of the thousands of Americans who are struggling to make payments for your mortgage, don’t stress! Try not to let your home go. Your financial stress is not your fault. Things happen. That’s part of life. However, if you are struggling, there could be some good news for you. Getting money for your home could be easier with the help of a hard money lenders in Arizona. With this hard money loan, you can get yourself back up, feel better, and keep your house. There are a slew of lenders in Arizona that are waiting to hear from you and help you! These Arizona hard money lenders understand what you are going through, and they derive satisfaction with helping you overcome your financial troubles.

hard money lending arizona

You may be confused by what exactly a hard money or “private money” loan is. This is a type of loan is derived from a private source or private investor’s personal funds, pension plans, and other non-traditional sources. The other great thing about  hard money lenders in Arizona is that they don’t base your qualifications of getting a loan by your credit score/history, but by the value of your equity. So you can rest a little easier.

Take advantage of hard money lenders in Arizona and apply today for a loan.

Going through a financial struggle can be scary and upsetting. But believe us when we say that if you are going through a financially difficult time, there is a way out of it. You must never give up! Hard money lenders in Arizona won’t let you! And really, the sooner you call, the sooner you will have a loan. The process for obtaining a loan and being approved is only twenty-four hours total. That’s a lot faster than any bank! All you have to do is make sure you have your financial records handy and follow these steps:

1-      Call a hard money lender in your local area and explain to them your intentions.

2-      Once a time is arranged, they will come to your property and will give you an evaluation. Within 30 minutes after they have evaluated your situation, they will have your answer for you.

3-      Once approved, there will be some paperwork to fill out. Make sure to have your financial records handy.

4-      After you have that taken care of, you will have your loan within a time period of 24 hours.

See how easy that is! Hard money lenders in Arizona are there when you need them and want you to succeed. Don’t wait until it is too late though, many people are seeking their help and funds go quickly.

Big Daddy Dennis Hard Money Lender

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-444

What should you know about Arizona hard money loans?

You may already know the difference between soft money and hard money. Soft money is an easier loan to obtain than an Arizona hard money loan because hard money is typically private money and that tends to come from less traditional areas, such as a private investor, whereas soft money is merely the opposite. With Arizona hard money, you are paying for the ability to get a loan based on the property itself, which your lender will come by and inspect before giving you the loan. Arizona hard money lenders are making loans to people based on properties that a bank would never consider lending money to because they believe in you. Additionally, remember that with a hard money loan, you are paying for money in a timely manner. If you need to close a property in any time between a week to two weeks, you will need that money fast. An Arizona hard lender knows that.  Your bank could never lend

Hard money lenders Arizona

that fast- if you were even approved.

What to know about Arizona Hard Money Loans -It isn't cheap!

Arizona Hard Money Lenders generally allow Real Estate Investors to borrow a certain percentage of the purchase price and rehab costs (usually around 70%). But don’t get too excited. Before you consider any particular lender in Arizona, make sure that you become familiar with their terms and rates and conditions. There are some things you will have to contribute money to; closing costs and of course, the ability to pay your debt monthly.  Moreover, a lot of these loans are asset-based loans. However, there are a growing number of Hard Money Lenders looking at your credit score. The main reason being that lenders are discovering many loans that they have made over the last 2 years took longer to get paid off than the initial term they were issued for.  It makes sense now that lenders would want to know up front if paying back the loan would be a problem.

Remember to do some more research on Arizona hard money before you commit to them. They also have their advantages that can benefit you and fulfill your needs.

Big Daddy Dennis

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444