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Receiving loans can be extremely difficult if you live in a precarious financial situation or have a history of bad credit. Fortunately, there are alternative options for people in need of financial help when a bank isn’t the answer.

When working with a bank, many requirements may stand between you and your loan. Credit score, income, debt, and current loans are a few things that may make borrowing difficult. Banks are traditional, public lenders that evaluate past financial performance before agreeing to a loan. Requiring good credit ensures them that their borrowers are capable of making deadlines on a strict repayment period. However, not all people in every financial situation meet banking standards, and there are alternative options funded by private investors for those in need of financial aid but can’t receive it traditionally.

Arizona Hard Money Lenders are often recommended to people who don’t meet bank standards. Instead of zeroing in on personal finances, Arizona Hard Money Lenders first consider the value of the property. Possible collateral is seen as a way to evaluate the loan’s profit and potential. While Arizona Hard Money Lenders will look at your credit score, it won’t be the determining factor of the loan. An appraisal of the property will determine the LTV, or the loan-to-value ratio. It’s possible to get as much as 75% from a hard money lender.

Arizona Hard Money Lenders consist of private companies and investors. By taking a chance on someone with less than superb credit, they are taking somewhat of a risk. It is because of this that they require high interest rates. Rates can be as high as 10 percent, and sometimes there are fees within the loan agreement.

Benefits of Hard Money Eligibility

Being able to acquire Arizona Hard Money Loans can be the difference between obtaining the winning bid on a property, or saving a home and preventing foreclosure. People who use Arizona Hard Money Loans usually need to act fast. They usually consist of fixer uppers and households. Sometimes lenders are able to lend as soon as the day of—this beats the loan process for banks who, in addition to a selective process, may only be able to lend money a month or more after the loan proposal.

How to Know if Hard Money Loan is a Win-Win Solution for You and Your Lender

Drawbacks of Arizona Hard Money Loans are the high fees and interest rates. Immediately, that may pose a question to people not on solid financial ground. Because of this, it is important to read over the terms of your loan agreement and seriously consider any additional fees. Real estate attorneys can be helpful in this process, providing advice and recommendations. Researching your lender is also important, because it is not uncommon for predatory characters to try to take advantage of people in these scenarios. Investing in a real estate attorney can help ensure the legitimacy of your agency, but also help you to understand the logistics of all the involved fees and terms of the loan. Starting off by finding a lender in your area can come down to a basic search of local lenders, if you believe they are the right decision for you.


                                                                                                                                         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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