When you are looking for a hard money loan it is not as simple as walking into a bank. But these tips will help you to locate reliable Arizona hard money lenders.
When fast turnaround time is critical, hard money can be a great option. But to make use of this financial tool, borrowers need to know how and where to find Texas hard money lenders. And unlike traditional loans, hard money is provided by a private lender. This means that a borrower does not just walk into a hard money bank and get the loan in one quick stop. But the good news is that there are a lot of Texas Hard Money Lenders out there once borrowers know where to look for them.
Not all lenders work in hard money. And because these loans are different from traditional loans, it is always best to seek and lender who focuses on hard money. This will ensure that you are working with a lender who is very familiar with the legalities of hard money and is also very accustomed to dealing with the terms and conditions and terms of hard money.
Looking for a local lender is also a good idea. This allows you to meet face to face and discuss the potential terms of the loan as well as providing added ease throughout the lift of the loan if you need to meet with the lender for any reason. This can be especially critical for a borrower who is new to the world of hard money and would like to learn the process from a local professional who can answer questions and be a resource for learning as well as lending.
Get To Know Your Lender
Texas Hard Money Lenders should be licensed within their state by the Department of Real Estate and should have a current Real Estate Brokers License. This is the first step in determining that you are working with a professional and not someone who is out to scam you and never provide you with the money that you need. In addition, verify that the lender offers full transparency into the loan process and the terms of the loan prior to signing any documentation. A legitimate lender will provide you with a written breakdown of all fees and charges associated with the loan that you are requesting prior to asking you to sign the loan docs.
Know What You Need
Not all Arizona Hard Money Loans are the same and not all deals are a good match for any type of hard money loan. It is important that you know what your needs are before you begin to search for a lender. Many lenders specialize in a certain type of Arizona Hard Money Loans such as land purchase, commercial property or only single-family residential loans. Knowing this will save you a great deal of time when you are looking for the perfect lender to meet your needs. Also, never rush the process of selecting a lender when you are uncomfortable about any of the loan terms or the process of securing the loan. A reliable lender will patiently work through all of your questions and concerns.
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
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.