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Monday, February 25, 2019

Construction Loans: The Benefits of Short to Permanent Financing

Construction loans are a confusing issue, a Frankenstein of sorts among real estate financing, as they usually come in the form of two loans in one. The first covers the cost of construction while the other loan is a long-term, conventional-type mortgage. You risk less when you have refinancing built as part of your loan package.

Let us call the ideal form of construction financing "short to perm."

You have the option to get a loan that purely covers the cost of construction, but a short to perm loan with refinancing is better. Many articles on the internet cite vague, if not trivial benefits in the case of short to perm loans. Some of these benefits include you only need to pay closing costs once, which results in lower loan fees. Some talk up the fact that with refinancing built into your loan package your interest rate is locked in.

These are all nice benefits when it comes to short to perm loans. But it's safe to say loan fees are a minor expense in the context of a construction project. Also if you think about it, how likely are interest rates going to go up drastically throughout a 6-month construction project? Barring an economic meltdown, it is unlikely that this is going to happen.

The real advantage of having refinancing built into your loan package is that it protects you from risk should your project face an unexpected disaster, after construction finishes.

Singular construction loans may cover the cost of construction, but what if things don't go quite according to plan?

Say a developer gets a single short-term construction loan. He aims to construct a post-modern apartment building complete with a pool a gym, a sauna, and all sorts of other yuppie amenities. The initial monthly rent offered is pretty high as a result of all these features. After construction ends, potential tenants fret over the $2,000 initial rent, but this is the absolute lowest rent he can offer to break even and maintain all those shiny amenities.

Before his loan comes due his beautiful apartment complex lingers at roughly 15 percent occupancy, and bank after bank denies him the opportunity to refinance for this reason. The initial lender who financed his construction calls his loan, and he'll have to pay the full balance himself, and we can only hope this didn't ruin him.

Risk less in the case of construction loans by having refinancing worked out ahead of time

If our developer had refinancing worked into his initial loan, his project would still suffer as a result of low occupancy, and yes he'd still have a loan to pay. But by securing refinancing ahead of time, he would have time to maneuver and secure more tenants. Instead, he had to make a massive balloon payment to pay off his construction loan, without much in the way of additional money coming in.

In short, the main benefit of a short-term construction loan with refinancing built is that it assures you that you'll be covered if things don't work out according to plan.


Dennis Dahlber Broker Ri CEO Level 4 Funding LLCDennis 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

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions
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Sunday, February 24, 2019

Spec Home Financing: Why Private Money is the Real Deal

It's doubtful that any builder has the cash in on hand to construct a spec home out thin air. Most developers need some form of capital to bring their visions into reality, and like any other form of real estate financing, there are a variety of options. When it comes to spec home financing, there are three broad classes, banks, credit lines, equity loans, and private money. When it comes to spec homes, private money is almost always your best bet.

The great recession still haunts conventional banks. Come in with a word like "speculative" attached to your application and expect a few raised eyebrows. In the case of spec homes, banks only offer loans to the most experienced developers, but there is a catch. Even if you qualify at a traditional bank, the loan they give you is based on a set percentage of the lands appraised value. Will 90 percent of a $50,000 plot cover the cost of constructing a $300,000 home? Probably not.

Credit lines are another option, but qualifying for a $300,000 line of credit is no easy feat. Another option might be leveraging your personal assets to finance your next project. Yes, you put your real house on the line to construct a home based purely on speculation. No matter how much you might believe in your project, this is not a sound idea.

None of these options are exactly great choices when it comes to financing the construction of a spec home, but never fear. Not all hope is lost.

Private money advantages when it comes to spec home financing

Private money usually refers to individual investors or lenders who act more like investors in the upside potential of your property (i.e., hard money). Private money offers an advantage over banks in that the loan terms are flexible, as draw schedules and interest rates are up for negotiation. But above all, these lenders are willing to offer funds as a percentage of a home’s projected value, which means your loan can actually cover the cost of construction. Private money might be more expensive than a home equity loan, but putting your actual house on the line to build a house on speculation is not a very sound strategy.

However, private lenders don't just give money away. These are individuals or groups with their own interests, and you will have to prove to them that your project is worthwhile.

Tactics to increase eligibility for spec home financing

You need to convince private investors and lenders to get on board with your project. Below are some excellent strategies for increasing your eligibility for a hard money loan:

• Plan to develop an improved lot. It's going to be hard to convince a seasoned investor to get on board if you intend to build an architectural gem in the middle of a desert landscape, a la Frank Lloyd Wright. Plan to develop your project on land that comes pre-connected to water, sewer lines, thoroughfares, and the basic conveniences of modern life. Building on land in an urban area assures private investors that your property will sell quickly.

• Plan a project that can be finished quickly. Private lenders and investors don't want to wait out a plodding construction project. Investors want to get a return, ideally as soon as possible, so have a clear plan to build your spec home with construction preferably lasting no more than six months. The shorter the timeline, the more imminent the promised return and the more likely you'll be able to get private investors and lenders on board.

• Develop a story: convince investors of the possibility involved with your spec home project. Spec homes are called spec homes because they are constructed based on speculation, after all. Your speculations should be based on market realities and not pure fantasy. Research patterns of supply and demand in the immediate area. Say a university campus is expanding in an area with limited apartment availability and you plan to build low-cost housing for students. Citing real market trends like these will help convince private investors your project is worthwhile.

Using specific details like these will help convince private investors and lenders alike to get on board. With private money, you can get your spec home off the drawing board and into reality.


Dennis Dahlber Broker Ri CEO Level 4 Funding LLCDennis 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

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions
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Construction Loans: The Dangers of Going Off-Budget

Construction loans present a risk to both borrowers and lenders. As a borrower, you don't have any assurance that your project will go according to plan and your lender has nothing to fall back on besides a hole in the ground and the sky above it if you default. For these reasons, construction financing is distributed piecemeal in the form of draws as construction proceeds.

The draw process has all sorts of exciting risk factors to building projects, the main one being that you have to have a plan and stick to it.

Because construction financing is given out in stages, you as a borrower need to do everything in your power not to divert from your initial budget. Any diversion on your part and you might not have enough money to finish your project. If you don't stick to your budget, disaster might be around the corner, as the following purely hypothetical scenario will clearly illustrate.

What not to do when it comes to construction loans

Our borrower is in the middle of building his dream home: a glass box perched over a beach. He's had a clear budget thus far, but he feels the initial 5 x 5, floor-to-ceiling windows won't adequately capture the view, so he orders, new 20 x 5 windows which have to be shipped from Italy and cost $20,000 apiece. No matter; he ignores the pleas of his grumbling architect who now has to reframe that whole section of the house to accommodate the new windows. "There's enough in the budget this month," the borrower says, and he is right about that, to a point.

Construction proceeds over the next few months as only a bit of minor work is needed, but then, sure enough when it comes time to install the drywall, our poor builder can't afford the cost of installation.

He asks his lender to increase his loan balance because he just needed to have those new windows, but it's safe to say the lender rejects his request for more money. Work ceases on his glass villa. Until he can get another loan, the house will remain empty and unfinished. Worse yet, he's still on the hook to pay the loan for his unfinished dream home.

The best way to risk less when it comes to construction loans is to stick to your budget.

The above story may seem far-fetched, but such situations are not uncommon. If you change your mind on a whim in the middle of construction, you can run out of money and your lender might not agree to give you more.

Do yourself a favor and have a plan and stick to it, unlike our hypothetical builder. Cost overruns are inevitable in any construction project. Most reasonable lenders are willing to work out some contingency if an unforeseen expense comes up, but few lenders are going to give you more money just because changed your mind on a whim. Staying as close to budget as possible is the best possible way to ensure you will have the funds needed to complete your construction project.


Dennis Dahlber Broker Ri CEO Level 4 Funding LLCDennis 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

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions
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Saturday, February 23, 2019

Hard Money Lenders: Finding the Help That's Right for You

Hard money lenders offer real estate investors the flexibility needed to finance deals that other lenders avoid like the plague. Of course, not every lender is cut from the same cloth. Learn some of the traits of the ideal hard money lender so you can find the help that's right for you.

When it comes to hard money, you want to look out for hidden costs. In the case of rehab projects, sometimes the loan is given to the borrower bit by bit in the form of draws. Don't get ripped off by making interest payments on money that you haven't received yet. These hidden interest payments can cost you thousands of dollars. Seek out lenders who only charge interest on money as it is drawn if you plan to use hard money for a rehab or construction project.

If you can seek out direct hard money lenders, do so.

A direct lender is someone who already has the funds on hand to close your deal and typically has more room to negotiate. Direct lenders raise the capital to fund their loans themselves. In contrast, indirect hard money providers fund their loans from a pool of accredited investors. In most instances, these investors have a guaranteed rate of return on their investments. Due to this fact, indirect lenders have no wiggle room when it comes to the interest rate they can offer you.

Hard money is all about flexibility, and you want as much room to negotiate the terms of your deal as possible. Even a one percent reduction in interest rate could save you tens of thousands of dollars depending on the size of your loan, so seek out a direct hard money provider who has more room to negotiate the terms of your deal.

You can seek out hard money lenders that offer you the ability to write off interest payments on your taxes.

Say you're a regular real estate investor. Perhaps throughout a given year, you've rehabbed three properties, taking out loans of around $300,000 at a 14 percent interest rate. In this case, throughout the year you've paid about $10,500 in interest.

Would you like to write that off that very healthy sum on your taxes? Then you need to seek out a hard money provider who can provider a 1098 mortgage interest form. Not every hard money provider can do this due to inexplicable and opaque regulations far beyond the scope of this article. If you are a regular real estate investor being able to deduct your mortgage interest payments could save you thousands of dollars each year.

In short, the ideal hard money provider saves you money in the following ways:

• They don't rip you off with hidden expenses (i.e., charging interest on money they haven't given to you)

• They're able to save you money because they can offer you a lower interest rate

• The interest on the loans they provide can be deducted from your taxes every year


Dennis Dahlber Broker Ri CEO Level 4 Funding LLCDennis 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

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions
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Friday, February 22, 2019

Loans for Flipping Houses: The Dangers of Hidden Costs

Hard money lenders are the go-to source for financing when it comes to flipping houses. These lenders overlook the distressed condition of a property while giving loans as a percentage of a property’s potential value, but it is essential to carefully consider the cost structure of any hard money deal.

Some hard money deals are structured in two parts. The first portion of the loan secures the purchase of distressed property and the second portion of the loan covers the cost of renovations. The rehab portion of the loan is often distributed bit by bit as work proceeds, and this has important implications when it comes to the cost of hard money financing. The following examples will show why it is crucial to analyze the terms of any hard money deal.

In the first instance, our prospective house flipper goes to a hard money provider and proposes a two-month rehab project. The cost of closing on the ramshackle home will be $80,000, and the cost of renovations will amount to $30,000. Our first borrower takes out a loan for a total $110,000 with the rehab budget given out in two successive draws totaling $15,000 apiece. The lender offers a standard hard money interest rate of 14 percent. Work proceeds on the house things go smoothly, and our flipper resells his home earning a handsome profit of $55,320.

It seems like things worked out pretty well in this case, or did they?

You can save money by carefully considering the cost structure of hard money loans

Another flipper sees a similar property sale a block away from our first. She must have been spying on the first borrower because her proposed project is the exactly the same. The purchase price of the house is $80,000 and the rehab budget is $30,000. This borrower approaches a different hard money provider. They agree to a loan of $110,000 with a $30,000 rehab budget distributed over two draws at a 14 percent interest rate.

Suspicious glances are exchanged between the two investors as they pass each on the way to their respective work sites. Let us assume they finish work at the same time, and they resell their properties at the same sales price.

But, for some reason, our second flipper earned a profit of $56,020 while the first earned $55,320. Why? Because the second flipper carefully considered the terms of her deal. What was the critical detail in the term sheet the first flipper missed?

The first lender charged full interest on the total loan amount up front through the whole two month period, while the second lender only charged interest on the money as it was given out in draws. This tiny detail saved the second flipper $700.

Don’t make unnecessary interest payments on hard money loans

This hidden cost of hard money is something that is often overlooked, and it could cost you thousands in unnecessary interest payments. In the context of a house flip, $700 might be a small amount of money.

Let's change the situation. What if our first house flipper's project went on for 6 months and they had to pay that 14 percent interest rate on the full loan amount? They'd pay roughly five thousand additional dollars in unnecessary interest payments. In the context of a flip, $5,000 is a lot of money.

Don't make interest payments on money you don't have. Carefully analyze the cost structure of your hard money deal. If you don't receive the full loan amount up front, ask your lender if they will charge you interest on the entire loan amount or just on the funds you've received from them. Analyze the terms of your hard money deal to avoid making unnecessary interest payments.


Dennis Dahlber Broker Ri CEO Level 4 Funding LLCDennis 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

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions
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Wednesday, February 20, 2019

5 Simple Upgrades To Boost Your Home Value

Did You know that improving your home value can be done in a few brush strokes?
It’s true, it has never been easier to improve home value than now.
House flippers and hard money lenders in Phoenix shared the simple upgrades that can seriously boost your home value.
In fact, you can improve your home value by thousands with some simple repairs.
If You are looking to seriously improve your home value and do a bit of home improvement start here!
Hard Money Lender Tip:
House Flippers and hard money lenders talk a lot about ARV and ROI. Flip your house smarter with the insider tricks.
Use these to budget for your upgrades and save you money.
“ARV stands for after repair value, meaning your homes value AFTER the repairs.
ROI means return on interest, or, how much money you get in your pocket after your do the repairs.” - Loren Howard, Hard Money Lender, Prime Plus Mortgages
1. Landscaping
Those with a green thumb can rejoice!
It turns out that one of the easier and simple ways to boost your home value can be done with simple landscaping.
While power-washing, and cleaning up the yard does help your curb appeal, it will take a bit more work to get the most of your yard.
To truly get the most out of landscaping, and curb appeal, you’ll need some mature plants, an clean cut design.
Mature Gardens, and landscape design, can add anywhere between an extra $16,500 to $38,100 in value on a $300,000 home. An ARV of $316,500!!
So Make sure you spend the time to truly plan out, and care for your landscaping. Do Regular Curb appeal boosts, and watch your home value boost.
2. Energy Efficient Upgrades
For those looking to help the planet and boost their home value these upgrades are just for you
A Simple Upgrade, like using a programmable thermostat, can save you 10% on your energy bills.
To get the most of your energy efficient home, consider replacing and upgrading your home windows.
So If you spend about $1000 dollars on new windows, you can expect a return up to $780 added to your home!
New Windows will also dramatically increase the interior and exterior of your home, cut your energy costs, and the list goes on.
Not only are these upgrades good for the planet write you can also write them off for your taxes!
3. Kitchen
The kitchen is the heart of the home.
Home makeover shows make repairing your kitchen look like a nightmare, but a small kitchen rehab can actually be quite easy.
A small kitchen rehab can see an ROI of 83% and add a ARV $83 per $100 spent on your rehab in home value.
So what consists of a minor kitchen upgrade? New Paint, updated finishes, updated appliances.
A Fresh coat of paint and breathe new life in a kitchen, but try to stay with time tested colors, and a modern approach that won’t be outdated in a few years.
Grey and White, are super trendy and easy to upgrade and make beautiful.
Other easy repairs to make to your kitchen are, upgrading cabinets and finishes.
Tie your room together, with matching handles, straight cabinets, and of course a fresh coat of paint.
Adding a pop of color can also improve your home value and leave a wow factor to your space.
Get inspired for your kitchen rehab here.
4. Smart Home Upgrades
We are all familiar with Alexa, and nest, but did you know that these features will improve your home value!
Some Easy Upgrades You can and to your home are Ring, Nest, and Alexa.
RIng doubles it’s value, as not just a smart feature but a security feature. Making it easy to monitor your home from your phone.
Nest is a smart thermostat that makes it easy to control your energy, save money, and go green. It’s energy efficient and makes climate control easy. It programs itself and monitors itself.
Alexa is a great way for people to keep up with current and local events all hand-free. It is easy to program into regular household functions and add a futuristic feel to your home. Alexa can control your lights, music, temperature, clock and more!
5. Painting
Break out the paint brushes and start rolling.
Did you know that the right pop of color to your home with wow your guests and can seriously improve your home value?
No wonder that house flippers in Phoenix are always painting!
Picking the right colors can add even more home value.
Neutral colors, like gray, white, and tan never go out of style. And pair wonderfully with a accent piece.
Other great colors to use are, navy blue, mint green, yellow, and some pastels such as baby pink and baby blue. A paint rule of thumb: warm colors (red, yellow, orange) make a space feel more welcoming.
While Cool colors (blue, green, grey) make a room feel more calming.
Accent walls are here to stay as well, so don’t be afraid to try a new color!
Summary
There are many easy ways to improve your home value. You also don’t have to spend big money in order to see big ROI.
Any of these simple upgrades will boost your home value, can even save you money.
Landscaping: Spend time to plan out your garden, and take time to nurture your plants. Quick fixes like power washing and mulch will dramatically increase your curb appeal.
Energy Efficient Upgrades: You and your wallet can go green with these upgrades, a new thermostat and save you hundreds in energy bills, and improve your home value.
A Small Kitchen Upgrade: The kitchen is the most important room in your house, so take time to give it a minor facelift. Painting your kitchen, fixing cupboards is all you need to start seeing some home value improvements.
Smart Home Upgrades: Adding smart features can improve your home value by 11%. Security features like Ring, make securing your house easier than ever.
Painting: Adding new paint to your home can improve home value by $2000! Make sure you pick the trendy colors, or even use a accent wall to make a splash!
What’s your Favorite way to improve home value?
BIO
Catherine Way Is an Digital Marketer and Content Creator. She graduated from Michigan State University Advertising Program with a specialization in Graphic Design. Growing up in a chaotic and fun childhood in a large family, she loves finding new mediums to to help bring people together. You can see her newest creations here.

Sunday, February 17, 2019

Help Your Capital Needs with Commercial Hard Money Loans

Investors use hard money when an opportunity arises and they need to jump on it quickly before someone else grabs it or when they need to bridge a gap between where they are right now and where they want to go.

Hard Money Loans in Arizona can be referred to as many things— one such thing being a bridge loan. They are called this because in essence they are bridging an investor from one opportunity into another. These are the same type of loans that investors take out when they are flipping homes or commercial real estate—such as a mall or an office building.

When you apply for a traditional loan at a bank they generally look at the last three years of your businesses financing to see if there is enough collateral and cash flow to satisfy their lending requirements. When these requirements are not met or when a business has not existed long enough this will result in non-approval of the loan. This is why there are Texas Hard Money Lenders.

COMMERCIAL HARD MONEY LOANS OPEN UP OPPORTUNITY FOR BUSINESSES

When a bank turns down a borrower for either not being established long enough or has insufficient cash flow a borrower can turn to a hard money lender. These business owners can use hard money. This is money that is used to transform a business to where it needs to be in order to obtain traditional financing.

Hard Money Loans in Arizona are short-term, interest-only loans that typically have loan terms from six months to three years. The terms are short because these loans are intended to only be a short-term fix. Once the business owner has the capital to bring their business up to par, they can secure long-term financing.

A good example of when hard money lending may be useful is when an investor wants to purchase an office complex that is vacant and needs to be rehabbed. Because there is no income being generated from this property a bank will not approve the loan. However, a commercial hard money lender will approve the loan and use property as collateral to secure the loan.

A hard money lender can explain many different hard money scenarios that can work for an investor’s unique situation.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLCDennis 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

NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701

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.

© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions
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