The first part, perhaps the hardest part (no pun intended) is finding the right private money lenders Arizona. They can be anywhere, even someone who hasn’t considered offering a Mortgage like this before so you should want to probably shop around a whole lot. They usually have extensive websites with lots of details on what they’ll be offering you. If they don’t, that makes it harder. The internet is key, right? Then, it’s simply a matter of contacting them with your idea or investment offer. They’ll probably be really friendly and invite you on a lunch date where you can discuss things in a relaxed setting.
Just because hard money lenders will offer a range of requirements on the Mortgage-to-value percentage, type of real estate and minimum Mortgage size for a hard money Mortgage doesn’t mean the everyday Joe can’t qualify. It’d be at least beneficial to look into the whole thing. Who knows, you’re likely to find an even greater deal. Just remember, there are many different types of hard money Mortgages such as fix and flip Mortgages, construction Mortgages and bridge Mortgages, Arizona land banking, Mezzanine financing, land acquisition and development, land Mortgages joint ventures and many more. The variety is just to make sure your particular needs are met.