Setabay Private Hard Money Lender

Friday, April 5, 2019

Start a Legal Cannabis Business with Arizona Hard Money Loans

The future is green. The sale of legal cannabis in the US is a multibillion-dollar industry poised to become an economic titan. Revenues from medicinal marijuana continue to grow. Take advantage with Colorado Hard Money Loans.

Here’s a quick history lesson: In 1937, the Federal Government passed the Marijuana Tax Act banning recreational use of cannabis, not necessarily medicinal. By 1970, the feds passed the Controlled Substances Act federally banning both recreational or medicinal use of marijuana. Between the 1970s to now, the year of our Lord MMXIX, cannabis laws have seen astronomical changes. Namely, many states have decriminalized, legalized, or medicinally permitted cannabis. Depending upon the states, varying levels of laws may exist ranging from criminal to permissible.

Now that we’ve covered the general scope, let’s talk about the near and dear State of Arizona. Though weed was outlawed federally in 1970, in 1996, Proposition 200 passed allowing doctors to prescribe cannabis to patients. After a few months, this proposition was repealed by state legislation. In 2002, Proposition 203 failed to legalize cannabis with just 42.7% of vote-approval. Finally, by 2010, medical marijuana was made legal with the passing of prop 203 with 50.1% vote-approval. Some argue that recreational use of marijuana is a strong possibility. This is based on the fact that in 2016 Proposition 205, intended to legalize recreational cannabis, failed to pass by just 48.7%. All in all, 50 years has brought a considerable amount of change in Arizona’s cannabis laws.

Welcome to the present. The sale of legal cannabis in the US is a multibillion-dollar industry poised to become an economic titan. Arizona is a medicinal cannabis state possibly poised to become a recreational cannabis state. In the meantime, however the market is medicinal. Being that this is the case, what types of business opportunities are available in this type of market? How do you start?

Arizona Hard Money Loans Help Grow Your Cannabis Business

Set up a business plan and structure. Find out if licensing for a legal marijuana business is available in your state, county, and city. Next, according to cannabusinessplans.com, apply for licensing through the Arizona Department of Health Services to “produce, process, test, and/or retail medicinal cannabis. Dispensaries must be licensed by the ADHS to legally operate. Dispensaries must have … a licensed doctor on staff.” Application fee is $5,000.

“Level 4 Funding offers Arizona Hard Money Loans to get your cannabis business up and running.”

Arizona Hard Money Loans are a means to help you start your medicinal cannabis business in Arizona. With the licensing and approval you need, Arizona Hard Money Loans can help you establish your dispensary, clinic, cultivation, or retail inventory. Get the financial backing you need to secure the licensing and business plan of your dreams. Talk to your broker at Level 4 Funding to secure Arizona Hard Money Loans that 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

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 and 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

Pros and Cons of a Colorado Bridge Loan

Conventional lenders take ages to guarantee financing. Sometimes, a long time is too much time. A Colorado Bridge Loan is acquisition power. Get it—and get it fast!

A Colorado Bridge Loan is a short-term loan. For the most part, it helps individuals secure a new home before their old home sells. For example, in a favorable housing market, the Smiths need to sell their home and move to a new area. They search for new homes. It just so happens, they find the perfect house in the perfect neighborhood. Near work. Next to the kids’ school. Great, right? Maybe. It’s a coveted area –they think. Many other people may be vying over the property. How can they secure it?

Well, the answer is a Colorado Bridge Loan. A Colorado Bridge Loan is acquisition power. Get it, and get it fast! Conventional lenders take a long time to guarantee financing. Sometimes a long time is too much time. The Smiths want that home. They have a good credit score, a considerable amount of home equity, and a seller’s market. They do not have to wait months for the banks to come around—The Force of metaphysical lending is on their side. They talk to a hard money broker or Colorado Private Money Lender. As stipulated, the Smiths use their current home’s equity or cash down as collateral to secure the newer home. Within a week, they have the money and the purchasing power.

The (hypothetical) Smiths understand that a Colorado Bridge Loan is temporary, lasting generally anywhere from 3 to 12 months. A Colorado Bridge Loan is not a means of long-term financing, but rather a means of providing needed and short-term cash flow to complete a financial objective or acquire an asset until conventional lending is made available, most often at a lower rate. Thus, the loan loan “bridges” between short-term and long-term financing, and respectively high-interest to low-interest rates.

Risks of a Colorado Bridge Loan

As stated above, one of the main benefits of a Colorado Bridge Loan is that it’s a quick arsenal of purchasing power. Good deals and hot commodities are coveted. Money is required to lock down assets. Hard money Colorado Bridge Loans are a means to such an end. Along with this, a Colorado Bridge Loan offers comfort—buy a new home, move in to it, and comfortably wait for the old home to sell. This is more appealing than sell, rush out, find temporary housing till the new home’s financing closes. On top of this, homes empty of the clutter of the previous occupant may look better lending possibly to a quicker sale.

A Colorado Bridge Loan is an arsenal of purchasing power.

With the pros in mind, let’s move to the cons. First, time is an issue. If individuals reach the end of your Colorado Bridge Loans finance period without selling the older home, they will need to refinance the Colorado Bridge Loan. Unforeseeable difficulties such as market downturns and local variables can hamper the selling process of homes in a given area and thus use up the limited time of the bridge financing. Second, home value is a market variable, and equity is tied to such a variable. Should you have any questions or concerns, talk to your hard money broker at Level 4 Funding to asses benefit and risk in order to see if a Colorado Bridge Loan is right for you.

How to Get Financing for Cannabis Marijuana Business Loans

The number of borrowers searching for Cannabis marijuana business loans is at an all the high. Understand the market and your options before stepping into this slightly perilous, though very lucrative, market.

If you are a startup business, adequate financing is a requirement to succeed in your target market. If you are a liquor store or restaurant, you may seek financing from a traditional bank or credit union. However, if you are venturing into a marijuana related business and the ambiguous legal status of the marijuana federally, banks have been prohibited to open accounts for these types of businesses. Do not get discouraged, some traditional banks have started offering merchant services and lines of credit and even some Cannabis marijuana business loans. To fill this gap, Arizona Hard Money Lenders have swooped in to offer their lending services.

The Federal Deposit Insurance Corporation (FDIC), a federal agency that guarantees banking institutions, will not insure banks that are providing Cannabis marijuana business loans. Banks would rather avoid making loans to a marijuana business since they view it as aiding and abetting activities that are felonies under Federal Law. Traditional banking institutions accepting deposits from marijuana businesses could be looked at as money laundering. The Department of Justice has decided not to prosecute banks, but if political winds change, as they are prone to do, the banks that have opted to allocate funds for these types of businesses could be in serious trouble.

To fill the space that is left behind by traditional banks that are not willing to provide Cannabis loans, private investors have moved in. Some of these include venture capital and private equity, angel investors, high interest loans provided by private investors, and marijuana consulting firms that offer loans through private funds they manage. And, of course, Arizona Hard Money Lenders. Some of the requirements for private equity firms to offer financing are: be incorporated, have a checking account in the business name, be in the marijuana business as a dispensary or grower for at least six months, monthly gross of at least $10,000, and have a personal credit score of 500. There are a number of public companies that acquire and invest primarily in medical marijuana ventures. A company may take a significant ownership stake (equity) in exchange for funding. The company, after the investment, still maintains operational control. Canada has just approved legislation making all marijuana legal.

Merchant Service

Marijuana businesses need a way to deposit money and write checks to pay bills, pay employees, and distribute profits to partners. If you want to use a traditional bank, you may not want to fully advise the bank what type of business you are in. Of course, do not cover up the type of business by making the banker think you are in some sort of different business as this is bank fraud and you do not need the headache.

Marijuana business financing is difficult, but the rewards are huge. The laws are constantly changing, making it beneficial to contact an attorney to learn the latest laws and any new revisions that have occurred.

At Level 4 Funding, we offer rates as low as 7.99%. We work with hundreds of direct hard money private lenders, some of which specialize in the Cannabis business field. No credit required and no surprise front or junk fees added to the loan. Call us for a no-obligation quote.

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.

Finding an Owner-Occupied Hard Money Loan in Arizona

Whether you want to remodel your current home, make much-needed repairs to a money pit or get some money out of your equity, an owner-occupied Arizona Hard Money Loan might be the right move for you. Here at Level 4 Funding, we've got years of experience providing homeowners in Arizona with the funding they need to reach their goals. If you're interested and you're tired of getting the runaround from the bank, give us a call and let us show you how we can help. Think the Banks Are Your Only Option? Think Again. Residential Hard Money Lenders Can Help.

Many people think jumping through the big banks' hoops is the only way to get the funding they need. We're here to tell you that it's not. Arizona Residential hard money lenders offer viable options that some people don't know exist. Let's look at how they can help.

There are so many reasons people end up going through the bank for a loan and getting turned down. One of the biggest is that they're not deemed credit-worthy. The banks have a bottom-line number for you to qualify. If you're off by a point or two, it's lights out. If you barely qualify, your rates will skyrocket. That's because these lenders are part of a massively complicated system of rules, regulations and "best practices" — if they don't dot every "I" and cross every "T" the buck will come back to stop with them.

Another reason people get turned down is because their income doesn't fit into a box. We live in a gig economy where more and people work for themselves or are independent contractors for smaller companies. Gone are the days of getting a Friday paycheck for 40 years. Banks haven't caught up — they often still want you to show a weekly paycheck and healthy-looking tax returns. Otherwise, you don't qualify and you're out of luck.

Where Residential Hard Money Lenders Differ From Banks

Arizona Residential hard money lenders exist in a whole different world. The money they lend comes from private lenders and they're not as bound by the rules and regulations of the "system" as the banks. In fact, since the funds are secured with an asset (like a property), they're not even that concerned with how much you make, what you've done in the past or how high your credit score is. Yes, they do have standards and you will need to prove your case is worth the risk, but it's a smaller task than fitting in the bank's tiny little box.

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.

3 Reasons to Get a Commercial Bridge Loan in Colorado

Where months of paperwork may be required on the conventional end of the lending spectrum, a Colorado Bridge Loan offers speed and adaptability capable of capitalizing on market fluctuation, supply, and demand. It is the carpe diem loan—Seize your opportunities!

A commercial Colorado Bridge Loan is temporary, with a duration lasting between three to twelve months. Opposed to long-term funding agreements which can span years, a commercial Colorado Bridge Loan is concerned with providing short-term financing for acquiring assets. The word bridge indicates an intermediary period between hard money and conventional lending; since Colorado Bridge Loans are expensive, borrowers tend to enter into such financing agreements with the mindset of paying loans off quickly or bridging to a long-term source of financing.

Though commercial Colorado Bridge Loans may inherently have higher interest rates, contrastingly they offer borrowers quick approval rates, ease of convenience, and dependability. Since a Colorado Bridge Loan is made available through hard money brokers or lenders, the process of acquiring a hard money Colorado Bridge Loan is much shorter than the months needed to secure a conventional loan. Many businesses use hard money Colorado Bridge Loans to capitalize on opportunity typically unavailable using conventional lenders. Hard money Colorado Bridge Loans allow businesses to cut through the red tape, stipulation, and time required by the banks. Where months of paperwork may be required on one end of the lending spectrum, Colorado Bridge Loans offer speed and adaptability capable of capitalizing on market fluctuation, supply, and demand. It is the carpe diem loan—Seize your opportunities!

3 Reasons Businesses Apply for Colorado Bridge Loans

First and foremost, businesses need real estate. Real estate fluctuates. Real estate is legion!! It depends on the government, the economy, local industry, cultural attitudes towards purchasing property, technology, et al. Buying the right piece of property for a business is influenced by all of these factors. Sometimes, buying is difficult, other times the right unit was destined to descend from the heavens at just the right moment. But the window of opportunity is short, and others are capable of buying. The months needed to supplicate the bank for a loan are too long. Your business needs the right plot of land, and the main option available is a commercial Colorado Bridge Loan.

Sometimes, buying is difficult. Other times, the right unit descends from the heavens at just the right moment. Take advantage with a Colorado Bridge Loan.

Second, fix up the old money maker. Your business is a well-oiled machine. It generates profits proven year after year. You have buyers looking to acquire. What comes next? You decide that you should polish up the business in order to possibly increase its value or appeal. Third, Acquiring needed inventory in bulk. Sometimes, the inventory you need comes at reasonable price and a reasonable quantity. Should any of these reasons pique your interest, contact Level 4 Funding today and get the commercial Colorado Bridge Loan that you need.

Tired of the Runaround for the Banks? Try Owner Occupied Arizona Hard Money Loans

When the Dodd-Frank Act passed, it became significantly harder to get an owner-occupied Arizona Hard Money Loan but don't believe people who tell you that they don't exist anymore. Speak with us today to see how you can qualify for one.

After the awful recession this country passed through, politicians passed the Dodd-Frank Wall Street Reform and Consumer Protection Act to close the loopholes and loose regulations that allowed it to happen. It applied to banks and big financial institutions, but, surprisingly enough, it also encroached a bit on an area of lending that traditionally exists outside the system — hard money lending and specifically owner-occupied Arizona Hard Money Loans.

These newfound restrictions on the business sent many hard money lenders running for the hills, leaving the few who are willing to take the risk making it into a niche market. So, yes, they still exist and they're a great option for the right candidate.

Who Are Owner-Occupied Arizona Hard Money Loans Good For?

Even though they've taken up residence in the financial world as a niche loan, these types of loans are still a good option for some people. These include:

● People who may have faced a short sale, bankruptcy or foreclosure in the past and have a blemished record

● People who are buying their first-ever home

● People who need a bridge loan to span the gap until they get a conventional loan

● People with a "money pit" — a property with all sorts of repair problems

● People who need money to rehab their personal home

● Anyone who wants to consolidate debt

● Anyone who has increased equity and wants to refinance

Of course, there are pros and cons to these kinds of loans. They are easier to qualify for and they can come through quickly, but they also typically come with higher interest rates and stricter repayment plans.

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.