If you are one those investors whose leanings still are in the direction of conventional funding, a 90% Arizona hard money loan may be the best answer for you.

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If you are one those investors whose leanings still are in the direction of conventional funding, a 90% Arizona hard money loan may be the best answer for you.

These type loans are more difficult to obtain, but your project will be partially funded as opposed to having your entire effort wrapped up with one lender.

The documents required of a potential borrower are more in line with those requested by banks and mortgage companies. Basically the following items must be presented to your lender of choice: bank statements for past two months showing both your checking and savings accounts, your sales agreement, tax returns for the past two years, the proposed construction budget and a list of your current residential and commercial properties.

Depending on the lender, other documents may be asked for, but these are the ones generally requested by companies who provide this type financing.

Defined as Loan-to-Value, 90% Arizona hard money loans are the fix-and-flip area’s top-tiered lending. Requirements are stricter, despite their being in the non-traditional ranks of funding. This funding area does not cover owner-occupied loans, but does branch out over a large range of real investments other than this one.

A would-be borrower must have a FICO credit score of at least 600 and be very certain that he or she can sell the property within a year’s time. The down payment is set by looking at the borrower’s credit scores and past experience in the real estate field, ending up mostly at around 20 to 30 percent up front.

The average interest rate falls between 10 and 15 percent for these loans, depending on the lender and the perceived risk involved

You must have a property appraisal in hand. It does not need to be expensive or extremely detailed, just filled with correct information about your project. Most lenders in this field are more interested in the property value following the needed renovations and improvements than the basic value beforehand.

Application can be made for amounts beginning at $25,000, although most companies start with $75,000 and the figure can reach $2M. Figures like those are real assets to an investor’s portfolio later while trying to get other projects funded.

Each lender is different, but most set the repayment period for a 90% Arizona hard money loan at around 12 months, although some are longer. The clients’ needs also can be factored in here as well.

An added advantage is that if the loan is paid off early there is no prepayment fee attached.

A little hard work never hurt anyone, especially if it pays off in the end. If you have areas where traditional funding is unable to help you out and you need funding, a 90% Arizona hard money loan is a good area to check into. Do your homework; talk with people who are knowledgeable in this area. Finally make appointments with several companies that you feel might be a good fit for you and discover if this is the way you should go.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC

Dennis Dahlberg


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:  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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