Category Archives: Phoenix Hard Money

How to Find Hard Money Lenders

There are various reasons that people turn to hard money lenders, but knowing the benefits is only half of the challenge. Now, you have to find the one that is right for you.

Hard money loans are often issued by individuals or companies. At one time, they were considered “last resort” loans for people or businesses with imperfect credit. In today’s world of fix & flip investors and contractors in need of quick funding, they are a part of most businesses and individuals lending portfolios. People often turn to hard money lenders when they are in need of a bridge loan that keeps them afloat until a property sells or is renovated. Other’s use this type of loan due to time constraints and when initial capital is required in a matter of weeks instead of months, such as when a hot property hits the market.

So, just where do you go to get these quick-to-fund loans? Ideally, it’s best to work with a lender that specializes in your specific business model or real estate segment. For instance, a hard money lender that understands construction loans will offer monthly quick-payout draws as well as interest-only payments, both of which are designed to take the stress off you and your company as you progress through the building process.

There are also hard money lenders that specialize in the fix & flip or buy-and-hold real estate segments as well as multifamily, office, warehouse and storage complexes. If you do not have a direct reference from a fellow business associate, you can turn to the many listings on the internet. If using this approach, be sure to look for recommendations from established businesses and don’t be shy when addressing your concerns. If you find a qualified lender that you can trust and has a large rolodex of private lenders to draw on, you will most likely find yourself turning to this funding source time and again for many of your capital needs.

Things to Consider When Interviewing Lenders

There are a few basic questions that you will want to address when undergoing an interview with a potential lender. One of the most important is their loan-to-value ratio (LVR). Because hard money loans are asset based, the loan value is determined by the appraised value of the property. Some lenders will use the potential value of the property once renovation has been completed, otherwise known as the after-repair-value or ARV. This approach, however, is very risky and, for those lenders willing to take this chance on you and your abilities, will often mandate a higher-than-average interest rate. Many lenders stick to about a 70 percent loan on the value of the property.

At Level 4 Funding, our loan-to-value goes as high as 90 percent with 100 percent of rehab for fix & flippers.

Of course, loan-to-value is just part of the equation. The other all-important consideration is the interest you’ll be paying on your loan and the terms the lender offers. At Level 4 Funding, our interest rates start at 7.99 percent with terms anywhere from 3 months to 5 years. Call us today for a no-obligation quote.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
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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.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Process for Obtaining Commercial Loans


There is really no shortcut when you are seeking commercial loans. But following a tried and true process can help to expedite the response to your application.

Most borrowers fail to understand that a great deal of the success or failure of their commercial loan application rests on their amount of effort in preparation. There is a huge amount of research and due diligence that a borrower must invest in the process in order to be successful when applying for commercial loans. Understanding the loan application process, the desires of specific lenders and their loan approval criteria are all very important and should be researched long before you begin to search for a commercial property to purchase.

Many borrowers are in awe of commercial lenders and fail to see them as a business partner or vendor. They get too caught up in the “bank” aspect and feel as if they are being judged. The lender is making a judgement but only from the perspective that they want to verify that you can afford the loan. They are just making smart business decisions. In that vein, you should also be making smart decisions about who you are interested in borrowing from. There are many options for commercial loans which you should explore including large national banks, medium sized regional banks, a small local bank, a private lender or a mortgage company just to name a few. If you are not familiar with any major lenders or to gain information about your options, begin with a meeting at your current bank to learn about their commercial loan products.

Each lender is going to have a slightly different set of criteria for approving a loan. Learning these requirements can help you to determine which lenders you will actually apply to. Set up a few appointments to speak to loan officers to learn about the lenders and what they have to offer you. Be prepared to discuss your business, the reason you are requesting a loan and how you plan to meet the financial responsibility of repaying the loan. These conversations can glean some very helpful free advice for you from seasoned lending professionals.

Select Lenders Who Best Meet Your Needs

Not all lenders are going to be a great fit for you or even a fit at all. If you are looking for a small loan then a national bank might not be interested in your application. Likewise, if you are seeking a very large loan, then a small local bank might not be your best choice. Try to determine which lenders specialize in the type of commercial loans that you are seeking and then apply only to those lenders. There are costs involved in commercial loan applications as well as a commitment of time. Don’t waste either by applying to a lender who will not be interested in your business.

Make a Great First Impression

Other than a brief introductory meeting, your loan application will be your first contact with many lenders. This is your only opportunity to create a positive and professional first impression. Invest all of the time that you need to research your options and the criteria that each lender uses to evaluate loan applications. Only then should you begin to compile your documentation and complete the loan application. This dedication to completing a high quality loan application and documentation packet will pay great dividends when you learn that you have multiple loan offers at very competitive rates.

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC  Private Hard Money Lender
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701
clip_image002clip_image004clip_image006clip_image008

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.

Technorati Tags: commercial loans,commercial lending,commercial mortgage

Benefits of Using a Private Lender for a Self Employment Home Loan

 If you’re self-employed, it may be difficult to qualify for a dwelling loan
because of debt to earnings ratios and enterprise losses. Using a private lender can
make the method simpler and has many different advantages in terms of qualifying for a self employment home loan.

For a lot of People, proudly owning their very own enterprise is a dream come true. If
you might be self-employed you take pleasure in many advantages each monetary and in any other case.
Most certainly you’ll be able to set your individual schedule and also you reply to your self.
You’ll be able to do business from home or no matter surroundings you might select. You’ll be able to set your
personal gown code and hours and take time without work once you want it. You may as well take
benefit of many tax deductions to jot down off most of what you are promoting bills.
Every little thing from massive gear purchases to pens for you dwelling workplace may be
tax deductible which might help you save large come April.
When you could take pleasure in your tax financial savings most of the time, it may be a
double edged sword, particularly in terms of qualifying for a dwelling loan.
Many instances, people who find themselves self-employed have tax returns that don’t
precisely mirror their precise earnings because of deductions. Generally it may even
make it appear to be you misplaced money once you actually had a good yr. Throw in any
debt you could have for enterprise or private purchases and your debt to earnings
ratio could make you appear to be a enormous legal responsibility to a financial institution.
For these causes, many enterprise homeowners discover it troublesome to safe a
conventional mortgage from a financial institution. Nonetheless, there are a lot of different choices to search out
a self employment home loan that
will work for you. One key to discovering a loan is to assume outdoors of the
conventional financial institution or mortgage broker and discover a private lender like Degree 4
Funding to finance your loan.

Execs and Cons of Using a Private Lender
for Your Self Employment Home Loan

For a lot of enterprise homeowners, a private lender is their finest probability of
securing a self employment dwelling loan.
Nonetheless, like several main monetary resolution, there are professionals and cons that want
to be fastidiously thought-about earlier than making a resolution.
·

Professional: A private lender typically has a very quick
approval course of. Banks and public lenders can take wherever from 30 to 45 days
(and typically extra) to approve and fund a loan. When you want a fast loan to
purchase a property, this may be too lengthy. Additionally, in terms of a self employment home loan, conventional
banks will seemingly have points throughout underwriting and are available again to you many
instances asking for extra paper work, extra proof of earnings, extra documentation. A
private lender can have you ever funds in as little as 1-2 weeks with considerably
much less paperwork.

·
Con: Private loans are normally extra of a threat
for the lender. As such, you possibly can count on to pay a larger rate of interest for the
loan.
·
Professional: Simple to qualify. A private mortgage lender
has extra flexibility than a financial institution in phrases of who they lend money to. Debtors
who’ve very bad credit, a excessive debt to earnings ratio, or are trying for a self employment dwelling loan could have an
simpler time qualifying with a private lender than with a financial institution.
·      
      Professional: Geared in the direction of investments and funding
properties. If you’re self employed, you already know the profit of having your money
work for you to make extra money. Private lenders have quick time period loans which can be
geared in the direction of funding properties and repair and flip homes.
When you consider the professionals and cons, it’s simple to see that in lots of
circumstances, a private lender is the best choice for your self employment dwelling loan. Like all brokers, private lenders have
to be licensed and so they do have pointers to observe to guard you and your
funding. So long as you already know that it is possible for you to to make your month-to-month
funds there may be comparatively low threat and a excessive reward for the self employed
borrower.

Once you are ready to risk less with the best private lender, call us at Level 4 Funding to start your loan process today.

Cease ready for a financial institution to provide the dwelling loan you want. Take
issues into your individual fingers and make your desires come true at this time!

 

Dennis Dahlberg

Dealer/RI/CEO/MLO

Degree 4 Funding LLC
Arizona Tel:  (623) 582-4444 

Arizona Tel:     (512) 516-1177 

www.SETABAY.COM


NMLS 1057378 | AZMB 0923961 | MLO 1057378

23335 N 18th Drive Suite 120

Phoenix AZ 85027


 
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Self Employment Home Mortgage: A Win-Win For Business Owners

 

If you’re self-employed, a self employment home loan may be a very good choice so that you can buy an
funding property. Contact a mortgage broker to be taught extra about your choices
and loans immediately!

 

 If you might be self-employed, the advantages of getting your money
give you the results you want. One rmark gowlovech.jpgelatively straightforward and painless solution to make investments is with actual
property. Though there have been ups and downs, specialists agree that actual property investing has been general secure and a solution to enhance your property. Actual
property has persistently appreciated in worth over time and since it’s a
bodily funding, you all the time have one thing to fall again on, even when the
worth goes down.
Though actual property investing might have many perks, it could additionally current
distinctive challenges in case you are self-employed. Because you personal your individual enterprise,
you possibly can reap the benefits of many tax write offs that may prevent large in your
taxes. The whole lot out of your workplace house to your paper clips are tax
deductible. These deductions could make it appear to be what you are promoting is just not making
as a lot money because it really is, and in some instances it could even appear to be you
misplaced money.

 

Whereas usually having a detrimental earnings stream is just not an issue (as
lengthy as it’s momentary, if it goes on too lengthy, the IRS might object), it could
current challenges if you need to make an actual property funding. This
is very true in the event you already personal a property that you simply use as a major
residence. The financial institution might take one take a look at your tax returns and debt to earnings
ratio and ship you to the door, empty handed.

Being rejected for a loan can sting, however don’t be discouraged.
As a substitute, say good bye to the financial institution and whats up to a licensed mortgage broker or
private mortgage lender. Brokers and private lenders have entry to completely different
self employment house loans than banks
do and might typically work with you round mortgage necessities to discover a loan to
suit your wants. There are various choices, particularly in case you are searching for a
quick time period funding property like a repair and flip or quick time period rental.

 

3 Types of Self Employment Home Loans That Can Help You Make Money

 

 

iStock_000004004971_Large.jpg Upon getting discovered a mortgage broker or private lender, you’ll be
given many alternative
self employment
house loan
choices. Like anything in life, you will need to keep in mind
that every one loans should not created equal, and the most effective loan for you’ll rely upon
your final funding targets. A few loans to look into are:
  1. Laborious money loans. A hard money loan is a good self employment home loan in case you are
    searching for a brief time period funding. A hard money loan is just not backed by a financial institution
    however as an alternative by an fairness agency or group of traders. They consider the property
    you might be buying based mostly on its funding potential. This makes your earnings or
    different money owed much less necessary as a result of their funding is protected by the
    bodily collateral of the property in query. As soon as they resolve a property is
    a sound funding, they provide the money and also you pay curiosity on it. The
    rate of interest is often fairly excessive so a hard money loan is greatest used as a
    quick time period loan to repair up a property and promote for a revenue rapidly. When you
    promote the property, you repay the traders and any extra earnings is yours.
  2. Adjustable Fee Mortgages. An adjustable charge
    mortgage is an efficient choice for a long run funding. An adjustable charge
    mortgage or ARM has an preliminary fastened rate of interest that’s often very low.
    The low rate of interest means decrease funds so it’s simpler to qualify for, even
    when you have different mortgage debt or a low earnings on account of enterprise deductions.
    After a interval of 1 to 7 years, the speed resets to the next charge and your
    cost goes up. An ARM is an efficient choice if you will lease out a
    property for a couple of years or do a long run repair and flip. An ARM may also be a
    good choice in the event you anticipate your earnings rising and can have the ability to
    refinance earlier than the speed resets.
  3. Said earnings mortgages. A said earnings
    mortgage doesn’t use W2’s and tax paperwork to confirm your earnings however reasonably
    goes by what you state it’s. This could be a good choice in case your taxable earnings
    and precise earnings are vastly completely different. Simply needless to say chances are you’ll pay a
    larger rate of interest and you will need to not over-extend your self.

 

With a wide range of self employment home loan choices, don’t let a financial institution preserve you out of
the property funding market. Name a mortgage broker and get began immediately!




Dennis Dahlberg

Dealer/RI/CEO/MLO

Stage 4 Funding LLC
Arizona Tel:  (623) 582-4444 

Arizona Tel:     (512) 516-1177 

www.SETABAY.COM


NMLS 1057378 | AZMB 0923961 | MLO 1057378

23335 N 18th Drive Suite 120

Phoenix AZ 85027


 
 You TubeFace Book Active Rain
 Linked In


Phoenix Real Estate Is Booming Once more. Get Prepared. Good Times Are Forward.

Get Prepared for the New Real Estate Growth In Arizona.

Builders are beginning to transfer dust and that’s the starting of the following increase.

With low stock and too many patrons the Phoenix Real Estate Market is on the verge of a new boom in real estate values. ‘This boom is going to be different,’ according to Dennis Dahlberg, Level 4 Funding  Hard Money Lender .

‘The final increase was fueled on greed of the patron; this time it is going to be a provide downside. Over the previous 6 years there was little construction or motion of dust, leaving the Phoenix housing market ravenous for brand new properties. Moreover, house values are elevating dramatically, and as soon as the present house homeowners get above water (have fairness) they will wish to transfer up. We’ll have a trifecta or the right storm-no properties, pent-up demand, and document low rates of interest. And should you throw somewhat inflation on high of the combo — be careful! Bam! its going to be a wild experience — a wild west experience!’ http://youtu.be/ikWM0TnINAU





Dennis Dahlberg
Stage 4 Funding LLC
23335 N 18th Drive
Phoenix Az 85383
Dennis@SETABAY.COM
Http:/www.SETABAY.COM
Www.SETABAY.COM


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What is a hard money loan Arizona?

arizona hard money
arizona hard money
If you’re wanting into private financing however you’re confused about what Arizona hard money means then you have got come to the correct place. You would possibly say that the best solution to clarify what a hard money lender Arizona or a private money lender Arizona is can be that they’re each individuals who have entry to money that’s simpler to get to than making use of for a financial institution loan. Their money is then used nearly solely for actual property. Nevertheless, hard money lender Arizona is often a group of individuals whereas private money lender Arizona is only one particular person. Arizona hard money might be a nice choice for somebody who doesn’t need a financial institution loan as a result of often, you don’t have the loan lengthy sufficient for the excessive curiosity to make a very huge influence. Hard money Arizona is nearly at all times a short-term loan.
There are  three foremost explanation why Arizona hard money is termed Arizona hard money and none of them need to cope with difficultly in acquiring the loan as a result of in actual fact, an Arizona hard money loan isn’t troublesome to acquire. As a substitute, it’s known as Arizona hard money for these causes:
  1. Greater rates of interest, however you have got a quick turnaround time.
  2. Arizona hard money lenders decide what a property is price in its greatest situation, however underneath some circumstances, will finance as much as a hundred percent.
  3. Hard money lender Arizona provides money primarily based on the worth of the property however embrace restore prices into the loan. This is very not like most conventional lenders who don’t embrace the restore prices into the loan. Take into account this is a nice choice for individuals who are planning on rehabbing the property.
Consider all of those nice advantages as you contemplate Arizona hard money on your subsequent rehab undertaking.
Private Hard Money Lender in Arizona
Large Daddy Dennis Hard Money Lender
Degree 4 Funding LLC
23335 N 18th Drive Suite 120
Phoenix AZ 85027
623-582-4444

Hard Money Lending Arizona Questions Answered

arizona hard money
arizona hard money
Have you ever been questioning what a hard money lender Arizona and private money lender Arizona do? You may need even questioned if they’re the identical factor. Lots of people use the 2 phrases interchangeably and that may be completely discover as a result of the 2 do have fairly a little bit of similarities, however when you look intently, hard money lender Arizona is just a little completely different from private money lender Arizona.  As soon as instance of this may be  private money lender Arizona may be anybody. It may be somebody that or perhaps a full stranger. It doesn’t matter as a result of if a private money lender Arizona needs to offer you some Arizona hard money, you shouldn’t complain!
On the flip-side, hard money lenders Arizona isn’t one particular person individual; it’s a gaggle of people that normally perceive the way to be nice at being a hard money lender Arizona. Most of the time this hard money lender Arizona group has a protracted roster of purchasers that they’ve assisted all through the years; serving to them buy the form of actual property alternatives that they need.
Each Hard money lender Arizona and private money lender Arizona normally have the expertise that you really want and want when you find yourself gearing as much as buy some actual property. Your hard money lender Arizona or private money lender Arizona will assist to information you to the proper location, title corporations, and even appraiser that’s greatest fitted to you and your property. Along with your hard money lender Arizona and your private money lender Arizona, you possibly can all the time really feel assured that the job is getting completed appropriately. 
You get to determine between hard money lender Arizona and private money lender Arizona to determine which class most closely fits your wants however it’s nice to know that both one will aid you together with your Arizona hard money wants.
Private Hard Money Lender in Arizona
Massive Daddy Dennis Hard Money Lender
Stage 4 Funding LLC
23335 N 18th Drive Suite 120
Phoenix AZ 85027
623-582-4444

What is a hard money Mortgage Arizona?

arizona hard money
arizona hard money
If you’re wanting into private financing however you’re confused about what Arizona hard money means then you might have come to the fitting place. You would possibly say that the best strategy to clarify what a hard money lender Arizona or a private money lender Arizona is can be that they’re each individuals who have entry to money that’s simpler to get to than making use of for a financial institution Mortgage. Their money is then used nearly solely for actual property. Nevertheless, hard money lender Arizona is normally a group of individuals whereas private money lender Arizona is only one particular person. Arizona hard money may be a nice possibility for somebody who doesn’t need a financial institution Mortgage as a result of normally, you don’t have the Mortgage lengthy sufficient for the excessive curiosity to make a very huge influence. Hard money Arizona is nearly at all times a short-term Mortgage.
There are  three principal explanation why Arizona hard money is termed Arizona hard money and none of them must cope with difficultly in acquiring the Mortgage as a result of in reality, an Arizona hard money Mortgage isn’t troublesome to acquire. As an alternative, it’s referred to as Arizona hard money for these causes:
  1. Larger rates of interest, however you might have a quick turnaround time.
  2. Arizona hard money lenders decide what a property is value in its finest situation, however underneath some circumstances, will finance as much as a hundred percent.
  3. Hard money lender Arizona offers money based mostly on the worth of the property however embody restore prices into the Mortgage. This is very not like most conventional lenders who don’t embody the restore prices into the Mortgage. Contemplate this is a nice possibility for many who are planning on rehabbing the property.
Consider all of those nice advantages as you contemplate Arizona hard money in your subsequent rehab challenge.
Private Hard Money Lender in Arizona
Large Daddy Dennis Hard Money Lender
Stage 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Hard Money Lending Arizona Questions Answered

arizona hard money
arizona hard money
Have you ever been questioning what a hard money lender Arizona and private money lender Arizona do? You may need even questioned if they’re the identical factor. Lots of people use the 2 phrases interchangeably and that may be completely discover as a result of the 2 do have fairly a little bit of similarities, however if you happen to look intently, hard money lender Arizona is somewhat completely different from private money lender Arizona.  As soon as instance of this could be  private money lender Arizona could be anybody. It may be somebody that you realize or perhaps a full stranger. It doesn’t matter as a result of if a private money lender Arizona needs to present you some Arizona hard money, you shouldn’t complain!
On the flip-side, hard money lenders Arizona isn’t one particular person individual; it’s a gaggle of people that normally perceive easy methods to be nice at being a hard money lender Arizona. Most of the time this hard money lender Arizona group has an extended roster of shoppers that they’ve assisted all through the years; serving to them buy the sort of actual property alternatives that they need.
Each Hard money lender Arizona and private money lender Arizona normally have the expertise that you really want and wish if you find yourself gearing as much as buy some actual property. Your hard money lender Arizona or private money lender Arizona will assist to information you to the proper location, title firms, and even appraiser that’s finest fitted to you and your property. Along with your hard money lender Arizona and your private money lender Arizona, you may at all times really feel assured that the job is getting completed appropriately. 
You get to resolve between hard money lender Arizona and private money lender Arizona to resolve which class most closely fits your wants however it’s nice to know that both one will enable you to along with your Arizona hard money wants.
Private Hard Money Lender in Arizona
Large Daddy Dennis Hard Money Lender
Degree 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

623-582-4444

Less than perfect Credit Has a Chance With Arizona Hard Money

hard money lender arizona
hard money lender arizona
In case you are troubled by your much less than perfect credit score and also you want some money in your property, then it is perhaps greatest to begin interested by some non-traditional loan lenders. In case you have heard of Arizona hard money loans earlier than, however haven’t actually regarded into it, now could be positively the time.
Arizona hard money is not like conventional loans in that these lenders is not going to ask you to reveal all of your credit score scores from the previous six years. As a substitute, Arizona hard money loans are primarily based on the property that you’re coping with. There isn’t half as a lot problem or half as a lot paperwork. Every little thing is quick and simple. You possibly can have your money a lot sooner than what you’d with a conventional financial institution loan.
In case you really feel such as you is perhaps confused between hard money lender Arizona and private money lender Arizona, don’t get flustered. Whereas these phrases are used very often interchangeably, there’s a slight distinction.
Hard money lender Arizona is a group of people that want to spend money on your property with hard money Arizona. In the meantime, private money lender Arizona is one one that needs to spend money on your property. You may know this individual as they is perhaps somebody you’ve invested with earlier than, however there’s a chance they might simply be a new investor fascinated by supplying you with your Arizona hard money. 
Whichever route you select, you can be delighted that you simply went the Arizona hard money method. That is the easiest way to get the money you want quicker than any form of financial institution loan and with out half of the paper work and even the trouble. Say sure to Arizona hard money as we speak. It might simply be the perfect factor you ever did for you, your checking account, and your property. Don’t hesitate to look into Arizona hard money proper this minute. 
Private Hard Money Lender in Arizona
Huge Daddy Dennis Hard Money Lender
Stage 4 Funding LLC
23335 N 18th Drive Suite 120
Phoenix AZ 85027
623-582-4444