If you’re new to the world of residential hard money lenders in Arizona, it can be tough to know the good from the bad. Use these tips to weed out the poor lenders and end up with the money lender of your dreams.
When it’s your money and your property, don’t mess around. There are some excellent residential hard money lenders in Arizona out there, but with the good always comes the bad. Do your research before working with a hard money lender to ensure they’re a quality, trustworthy company.
Evaluating Hard Money Lenders
Before you commit to a residential hard money lender in Arizona, read over our best tips to help determine how trustworthy they are as a company.
Review the company website
The first step in vetting a company is to simply look over their website. The more organized and professional-looking it is, generally the more legitimate the company. A highly professional and organized website shows that a company cares about their communication and brand image and that they have enough money for an elaborate website. Typos, broken links, and poor graphics could all be red flags on a company website.
Research the company
After reviewing a company’s website, do some research. Have they won awards? Are they recognized by the BBB? It’s a good sign when a company has awards and support from other businesses. Moreover, check to see if they’re in the news. Some company scams have been outed online or in the news to help protect others who may fall into their trap. If you see a company’s name associated with the word “scam,” it may be wise to steer clear.
Look at company reviews
Reviews can tell you what a company won’t, especially regarding business practices and employee attitudes. If someone has a bad experience with a company, they may write about it online as a warning to others. With that being said, it’s more common for people to write negative reviews about products than positive ones. Psychologically, negative results affect us twice as much as positive ones. Dissatisfaction with a product is more likely to prompt a review than satisfaction. Keep that in mind as you read reviews.
Speak with company employees
If the residential hard money lenders in Arizona in question have passed all your tests so far, it may be time to call them. Take note of how you are treated on the phone and how your questions are answered. This can give you an idea of how they are as a company and help you determine if you’d like to work with them on your loan. If Negative Nancy answers the phone, you’ll know you will want to choose a different lender.
Choose a trustworthy hard money lender like Level 4 Funding.
Making sure your hard money lender is trustworthy is important for your peace of mind. Level 4 Funding is a trusted hard money lender based in Arizona that has funded tens of millions of dollars’ worth of projects. If you’re looking for a residential hard money loan, call Level 4 Funding today or apply for a loan online with their quick and easy application.
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
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.
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