The Timeline of California Hard Money

Like we have mentioned in so many of our previous posts, no two California Hard Money Loans are alike. That’s the beauty of Hard Money—it is based on you. Your Hard Money lender will work with you to ensure the lowest rates possible, but there are really no across the board answers on Hard Money Loans.

However, many of you are asking about the timeline to expect on California Hard Money. Undoubtedly, the sooner you get your money, the happier you will be. But what can you expect from your lending institution? How soon is too soon and how long is too long to wait?

One of the most important things before making a loan application is to have the property under contract.  It’s really hard to get financing on something, which is not under contract.

Begin the California Hard Money Process Today

If you get started today, you could have your money tomorrow. It’s entirely possible and it happens all the time. Again, that is not the case for all California Hard Money Loans. The whole process starts with you getting the ball rolling.

Many lending institutions will require you to fill out a loan application right away. At Level Four Funding, we try to keep the paperwork to a minimum so we don’t do that. The first step is for you to contact us and tell us your information.

Then, we take a look at the property you are looking to take out a loan on. We may send evaluators out to look at the property, or we may just go with the information you provide us. We need to know the value of the property in order to provide any sort of funding. Believe it or not, we can get you your loan approval within thirty minutes and your funding within 24 hours. This is significantly faster than most lending institutions, and that is because we have an entire team of professionals and experts working to approve you today.

All in all, the process could take up to a few days, but no longer than a week. Don’t stress if yours takes a bit longer—that certainly doesn’t mean you are going to be denied California Hard Money.

 

 

Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com
www.Level4Funding.com
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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

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