Setabay Private Hard Money Lender

Tuesday, March 12, 2019

Pitfalls of Traditional Commercial Loans

Traditional commercial loans can be difficult to obtain and take a long time to fund. Arizona Hard Money Commercial Loans can help bridge the gap and get you funded quicker to turn a profit from your commercial real estate.

Retail spaces, office buildings, warehouses…. The list goes on and on. Commercial investment properties are a hot commodity in Phoenix, allowing investors to maximize their income potential. The return from commercial properties can blow residential investments out of the water, but that’s because they come with a big price tag.

In order to afford that commercial investment property you’ll need to have the cash to make the purchase. If you’re familiar with Arizona Hard Money Commercial Loans they can be a great way to secure funding. Here are a few reasons why traditional commercial loans may not be the way to go for your investment.

Must-meet requirements

Traditional commercial loans will come with similar requirements to traditional residential loans where the borrower will have to meet certain requirements that can be based off of things like credit score and payment history. If you don’t fall into the category of people with great credit, that can be a road block for you. Arizona Hard Money Commercial Loans will offer an alternative by looking at other factors so you don’t have to spend time and money fixing your credit.

Your repayment schedule will be strict

Traditional lenders are very strict about their repayment schedules, not allowing for flexibility so that the borrow can tailor the loan to their needs. That’s where Arizona Hard Money Commercial Loans have a leg up. The terms can sometimes be negotiable, allowing the borrower and lender to work together to come up with the most beneficial terms for that particular loan.

You’re running on their time

Commercial investment has a hefty price tag and can come with some hefty unexpected expenses. If your commercial property needs a big ticket repair, how long do you think it would take a traditional lender to help you get that money? Because Arizona Hard Money Commercial Loans have the flexibility that traditional lenders don’t offer, there’s the potential for alterations to the loan that can help you with large fixes such as roofing or heating/cooling.

Quick response is NOT the name of the game with traditional lenders so if you’re looking to make a move on a commercial property, going with a hard money commercial loan that will be serviced with a company like Level 4 Funding. Call us today to learn more!

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@level4funding.com
Dennis Dahlberg Broker/RI/CEO

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.

Sunday, March 3, 2019

Finding 100 LTV Commercial Real Estate Financing Near You

100 LTV commercial real estate financing isn’t always easy to find from lenders. Use these tips to locate a hard money lender near you that offers these loans.

Many hard money lenders nowadays offer commercial real estate loans, but not as many will give you 100 LTV. We wanted to give you tips on finding money lenders that offer 100 LTV commercial real estate financing. Really, it’s as easy as knowing where to look.

Do an initial scan of your options.

It can help to first see what hard money lenders are out there before choosing one. Search for hard money lenders that lend in your area. At least one of them is bound to offer 100 LTV commercial real estate financing.

Check out the company websites.

After you’ve got the names of a few hard money lenders, take a look at their websites. Do they have testimonials? Look at those, too. See what kinds of loans they offer and if they’ll be able to give you 100 LTV on your commercial property. You should be able to get an idea of the trustworthiness of the company from the website, as well, which can be helpful moving forward.

Look for company reviews.

If there are reviews on Google, Yelp, or other websites, they will definitely be useful. Reviews can tell you what the company website will not from the perspective of past borrowers. As a potential borrower, it’s worth it to read what other customers had to say. However, keep in mind that reviews can be slightly biased. If someone had a bad experience with a company, they’re more likely to take the time to write about it than someone who had a good experience. If company ratings are skewed on the low side, take it with a grain of salt.

Give your top companies a call.

After you’ve found companies and seen their reviews, you should be able to narrow your list down to a few companies that have the best chance of giving you 100 LTV commercial property financing. Call each company and get a better feel of what they’d be able to offer you and ask any other questions you might have.

Don’t be afraid to negotiate.

One of the advantages of hard money lenders over banks is that they can work with you on rates and payment plans. When you’re talking with hard money lenders, don’t be afraid of negotiation. If you’re determined to get 100 LTV and their website says 95, see if they’ll give you the extra 5%. You never know unless you try.

Level 4 Funding has financed many commercial real estate projects, and they could help you, too.

Level 4 Funding of Phoenix has experience lending to help fund projects in many areas of the American West, including Arizona, Texas, and California. Visit their website for more information about their commercial real estate loans and see if their services are right for you.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLC 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@level4funding.com
Dennis Dahlberg Broker/RI/CEO

How to Choose the Best Spec Home Lot on the Block

Not all lots are the same. Taking the time to find a quality lot to purchase with Arizona spec home financing can be the difference between profit and loss.

Building a spec home can be an excellent source of income if you do it right, so it’s important to consider every element of your potential home to ensure the greatest profit. Design, choice of contractors, and neighborhood location all contribute to a home’s value, not to mention the lot it’s on.

When choosing a lot for your spec home, there’s a lot to keep in mind. Think about the following when searching for a spec home lot:

1. Lot size Will the lot comfortably accommodate your floorplan? Try to choose a lot that will fit your floorplan while leaving some breathing space between your home and neighboring houses.

2. Location in the neighborhood Is it by the main road or off in the back? Is it on a main street or in a private cul-de-sac? Think about the best spots in the neighborhood and find a lot as close to them as you can get. Some areas have parks or walking paths within earshot of a lot, which can be useful in selling a home.

3. Upcharge Make sure you’re aware of any extra charge for the lot you’re looking at. If there is an upcharge, consider whether the lot warrants that upcharge. Is the lot worth what it costs, or could you find a comparable lot with no upcharge?

4. Neighboring homes/areas What’s next door? Lots next to parks, walking paths, or golf courses tend to cost more, but they will produce the most profit. If none such lots are available, lots on street corners tend to be larger and have no neighboring homes, which can make them more appealing to buyers. Consider any upcharges your premium lot may have and see if it’s worth it to choose compared to a standard lot.

Think about each element carefully in relation to your ideal clientele. If the neighborhood in which you’re building is marketed toward families, think about that when you’re choosing your lot. Which lot would be the most ideal for a family moving into that neighborhood: on a corner or near a park? The better the lot you choose, the more potential offers you could get.

Arizona spec home financing

With construction, lot costs, and more, Arizona spec home financing can be hard to come up with. Hard money loans are great alternatives to traditional bank loans, as they can get you money both easier and faster. Hard money lenders often deal with real estate funding like Arizona spec home financing, and therefore have a lot of expertise in the real estate industry.

Level 4 Funding is a trustworthy hard money lender that can help you finance your next spec home.

Level 4 Funding is a Phoenix-based hard money lender that has funded projects all over the Western United States. Run by two lenders with extensive experience in real estate, Level 4 Funding can give you the Arizona spec home financing you need at the rates you want.

Benefits of Tiny Homes, the Next Trend in Rental Properties

Traditional rental properties have met their tiny match. Finance a tiny rental home of your own with Arizona rental property loans.

Rental homes like Airbnb’s and VBROs can be excellent hobbies that double as investments. Setting up your rental home with Arizona rental property loans can be enjoyable and add to your yearly income. One of the biggest trends in rental properties right now are tiny homes.

More and more people are choosing tiny homes to rent out and even to live in. And no, tiny homes aren’t merely small homes. They are categorized as homes so small that they can be towed if need be, though some are put in permanent locations.

Tiny homes are all about maximizing use of space, eliminating wasted areas and giving you just what you need in a living environment. They’re usually similar in size to hotel rooms but give you the amenities of a full-size home, making them cozy and comfortable. Tiny homes are perfect for short or long-term stays and can make excellent getaways for couples.

Compared to traditional homes bought with Arizona rental property loans, tiny homes have a few advantages. First, they’re much less expensive. Less square footage equals less cost. Secondly, they take less effort to renovate, clean, and upkeep. Think lower costs and less reno time. A smaller space means less fixtures to buy, smaller appliances, and fewer decorations.

Not to mention that they’re adorable. Honeymooners looking for a weekend away don’t need that much space. Tiny homes give guests the best parts of a home in a compact size that wastes no space. Every space in a tiny home is used to its full potential.

Tiny homes also tend to leave less of an environmental footprint since they are so small, making them ideal if you like to stay green.

Where to Find Your Tiny Home

With their rise in popularity, tiny homes can be found many places nowadays. Just some of the celebrated tiny home builders in the U.S. are Custom Container Living, Al Tiny Homes, and Mini Mansions Tiny Home Builders.

Really, there are so many tiny home builders out there that there’s more than one option for every price point. Because of their small size and general low cost, tiny homes also offer the chance to go as extravagant or simple as you want based on your taste and budget. Just search for tiny home builders online and you’ll come across some of the most beautiful tiny homes in the nation for great prices. If you’re feeling ambitious, you can even build a tiny home yourself.

Finance your tiny home purchase with Arizona rental property loans.

If you’re looking for tiny home financing, Arizona rental property loans could be just what you need. They’re offered at hard money lenders nationwide and will help you fund your tiny dreams.

Saturday, March 2, 2019

Benefits of Private Money Lenders

Life can be expensive, but Arizona private money lenders can help. Private lenders can finance your next real estate purchase and get you the home of your dreams.

Know that banks are not your only option for loans. Hard money lenders and Arizona private money lenders can give you the loans you need without some of the hassle you’d get from a bank. Where banks fail, Arizona private money lenders succeed. Here are the top benefits of choosing private lender for your next loan.

1. They’re fast. A bank’s loan process can take a long time. Bank loan applications can be extensive, and bankers need to comb through your financial history in great detail to make sure you qualify. Private lenders do not have such long application and approval processes because they are not as concerned with your financial history as banks are. Private lenders like hard money lenders have streamlined application processes that are meant to get you your loan fast.

2. They make it easy. Banks make your jump through hoops, revealing each and every detail of your credit and loan histories. Private lenders, on the other hand, place less emphasis on your financial history, making the process a whole lot easier.

3. They don’t require great credit. Private lenders are less focused on your credit because they care more about your collateral. Banks dive into your financial history because it is their way of ensuring you will pay back your loan, but Arizona private money lenders ensure their payment with collateral. You can have poor credit, but if you have good collateral, you could still get a loan from a private lender.

4. They’re flexible. If flexibility in payment options is important to you, private loans could be the way to go. Arizona private money lenders are able to work with you on an individual basis to come up with a loan strategy and payment plan that works for you, allowing you to build a personal relationship with your lender.

5. They offer a variety of loans. Arizona private money lenders tend to focus on real estate loans, but there are many different types of real estate loans that can be offered. Level 4 Funding, for example, offers fix and flip loans, bridge loans, investment loans, and commercial real estate loans, just to name a few. Just by surfing the web, you can find a loan that works for your specific situation

Choosing Your Private Money Lender

To find the money lender that is best for you, make sure you do research. Find a company that is legitimate and trustworthy and that fits your personal needs. Everyone is different, so the private lender that works for someone else might not work for you. However, company reviews can be very helpful in determining the legitimacy of a lender and be a deciding factor in your lender choice.

Find a lender that cares for your individual needs.

You’ll be working closely with your private money lender throughout the duration of your loan, so it’s important that you find one that fits you well. Level 4 Funding of Phoenix has qualified, helpful lenders that will guide you every step of the way and ensure a rewarding lending experience.

Friday, March 1, 2019

Uses of Commercial Hard Money Loans

Arizona commercial hard money loans have more uses than you may think. Discover how and why your business could benefit from hard money loans.

Loans can be useful in many aspects of life, from real estate to education. Real estate loans come in many forms, the major categories being residential and commercial. Residential loans are meant for properties that will be occupied by a resident, while Arizona commercial hard money loans are made for business-related properties. Residential properties are mainly homes and condos, but what, then, are commercial properties?

A commercial property is a property that will be used to generate profit for its owner. Restaurants, retail stores, apartment complexes, and office buildings all fall under this category. If you’re looking to start a business and need financing, Arizona commercial hard money loans are where to get it.

Commercial money loans are taken out from hard money lenders like Level 4 Funding and can help you fund your next business venture, whether it be a lot, building, or other form of property. The benefit of taking out a commercial hard money loan is that you will be able to use the money made on the property to pay back your loan. Profits from your restaurant or retail store can be put forth to pay back your loan, letting you pay it off in no time flat.

Why Choose a Hard Money Lender for Your Loan?

You may be wondering where to go for your loan, a bank or a hard money lender. Although banks have their advantages, hard money lenders can offer things banks cannot.

For instance, banks’ application and approval processes can take what seems like forever. If you’re eager to get your business up and running, consider choosing a hard money lender. Hard money lenders are ideal for fast cash, which can work in your favor if you see a commercial property you want that could fly off the shelf. Hard money lenders don’t take your financial history as seriously as banks do, allowing for faster approval and quicker money to purchase your property.

Moreover, hard money lenders tend to work with clients on an individual basis, which banks cannot always offer. As many hard money lenders are private individuals or companies, they can more easily personalize your loan experience. If you need a unique payment plan or special attention, hard money lenders can help you.

Consider Level 4 Funding for your hard money loan.

There are many hard money lenders out there, but for your Arizona commercial hard money loans, think about Level 4 Funding. This private lender offers commercial loans at great rates and is run by experts in the real estate industry that can give you excellent property advice. Their expertise shows in their work. They’ve funded over $40 million dollars and counting. When you think commercial property loans, think Level 4 Funding.