Commercial Hard Money Lenders specialize in meeting the needs of real estate investors. The Loans are legal and legitimate, even though they are called nontraditional Loans.
Real estate investing can present many challenges. And one of the most significant is finding a loan with the terms and in the time frame that works for a real estate investment deal. The solution that many real estate investors, flippers, and property rehab specialists use is offered by Commercial Hard Money Lender. These Loans are asset-based and offer the flexibility that is needed for the fast-paced world of real estate investing. Knowing the benefits of these Loans will help you to use them to grow your real estate business and your personal wealth.
Speed is critical to the funding of an investment loan. As you already know, when you don’t act quickly to secure a great property, the deal is dead. Someone else will beat you to it and turn the profit that should have been yours. But when you work with hard money lenders, your loan request can be evaluated and funded in less than a week. That is just a fraction of the time that it might take a bank to even begin to look at your loan application.
If you have ever tried to jump through all of the hoops required by a bank to secure a loan, then you will appreciate the simplicity of qualifying for hard money. While traditional lenders look at your credit score, work history, payment history, and current debt to income ratio, a hard money lender is really only interested in the value of the property that you are purchasing. Hard money lending is also called asset-based lending because the loan is based on the value of the asset, the property, and not your credit. This means that you can fund a great deal even if you have personal credit challenges or no personal credit history.
Unique Projects Need Commercial Hard Money Lenders
Banks and traditional mortgage companies are in business to serve the masses. They are looking at all of the cookie-cutter borrower’s needs. They have a system that allows them to make their money on the volume of Loans that they can process and fund. And because they need volume, they are not willing to invest the time required to investigate and possibly fund an unusual loan request. This is the wheelhouse of hard money lenders. These lenders are looking for a smaller number of Loans that require some work on the front end, but that pay off great in the end.
Risk Can Be Good!
Commercial Hard Money Lenders are not worried about taking a higher risk if the reward is also going to be more significant. Unlike banks, they are willing to work with a borrower who is credit challenged, needs the money quickly, or is looking at a one-off project. So, when you find a great deal on a fixer-upper, a rehab property, or one that you just want to quickly flip, a hard money lender is going to be your best resource for the loan that you need.
Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis
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.
© 2016 Level 4 Funding LLC. All Rights Reserved.
Copyright | Privacy Policy | *Terms & Conditions