What are private money lenders, you think to yourself after a friend suggested that for solving your current funding problem. How are they different from a bank?

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What are private money lenders, you think to yourself after a friend suggested that for solving your current funding problem. How are they different from a bank?

After some research and noting that private money lending falls under the term ‘Arizona hard money lending’, you still are not quite certain it is the answer for you. After all, it was just two years ago that your loan to pay for an apartment building renovation was called in and you didn’t have the funds to pay it off. The doctor had gotten everything, including the last payment. Your credit record will reflect that for certain even if you had since gotten the money and paid off the loan in full. Working for yourself had its advantages, but both of the banks you talked to recently, looked askance when you told them that your office was in the spare bedroom of your home and consults with clients were held on your porch from two comfortable chairs with a coffee pot nearby. Never mind that this setup cut down on expenses so you would have more money to pay the bills and not end up with rotten credit.

Private money lenders in Arizona funding opportunities covered a wide swath of areas, you discovered: bridge loans, commercial loans, and renovation loans just to name a few. Deciding that more investigation would be to your advantage, you ran the term through the computer, checked out the nearest three that sounded like they would be a fit for you and made appointments with them for the next day.

Are these lenders the right choice to fund my project, you thought as you looked over brochures and documents following your appointments. You had never done any business before that went outside of conventional lenders, like banks and mortgage companies. Even your car had been financed through your bank.

Private money lenders in Arizona set up their funding deals via collateral-based loans or secured loans as it was more commonly termed. A large percentage of the loans covered ‘fix and flip ‘projects, where the buyer bought a property in need of work, renovated it, and sold it as quickly as possible. The property normally had a lien attached by the lender in order to protect their interests in the event of the borrower’s being unable, for whatever reason, to pay back the loan. This arrangement, if done correctly, was a boon to both parties’ taxes and the lender’s fee is generally negotiable.

Another advantage stressed was the reason for the term private money lenders—this sprang from the fact that mostly the lenders are personal friends, business colleagues or relatives, thus the term ‘relationship based loan’ was frequently used also. This also covered companies (Arizona hard money or accredited) that had been set for this express purpose.

All of the lenders you talked to emphasized one thing: the borrower needed to check into the fine points of these loans since they are custom-designed for clients. Conditions range from the type of funding and interest charged to the length of time to repay. Normally a down payment is presented, interest payments made through the repayment term (normally a year) and the balance comes due at the end of that period. Occasionally a lender will charge a fee for early payoff.

Try a different road and see where it leads you. Check into private investing and learn if that better life you have been pursuing is closer to becoming a reality than you have thought.

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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