Setabay Private Hard Money Lender

Saturday, April 6, 2019

Arizona Private Money Lenders Offer an Alternative to the Banks' Red Tape

When they're looking for financing for a home or a basic loan, most people only think of the bank. Well, there's an alternative out there and, for the right borrower, it can be a godsend. Let's take a look at how Arizona Private Money Lenders can ease the pain of the process.

If you've ever gone through the bank for anything — a mortgage, a personal loan, etc — you know the torture it can be. The piles of paperwork. The countless phone calls and meetings. Having your financial past put through the wringer. Waiting weeks to hear any news. Being treated like a cog in a massive, cold system. These are things we just have to put up with, right?

Nope. Thankfully, there's an alternative out there. Arizona Private Money Lenders invest their own money or pool their money with other investors to support projects they believe will be profitable. Because of the way these loans work, they get to operate outside the restrictive confines of the traditional financial institutions. Let's look at some of the pros and cons.

The Pros and Cons of Private Money

Like we mentioned above, Arizona Private Money Lenders aren't bound by the same strict regulations as banks. It's their money and they can reasonably decide where they want to invest it. Loans of this nature are usually secured with a deed to an asset, which covers the investors in case the borrower doesn't pay the loan back.

This means that lenders, unlike banks, don't care as much about your bank account, your credit score and your financial history. It also means that you, as the borrower, can sit down face-to-face and make your case (instead of speaking to one representative at a nationwide bank). Maybe your plan isn't traditional, but if you can back it up with hard data and no small amount of passion, an investor may take a chance on you.

It's important to note that private lenders often charge higher interest rates and the repayment terms can sometimes be stricter than a bank's, depending on what you negotiate at the outset.

Arizona Private Money Lenders in Arizona

Ready to say goodbye to the red tape at the bank and fund your next project? A Arizona private money lender in Arizona may be able to help. Level 4 Funding has decades of experience with private investing. We're here to listen to your plan, give you options and help you realize your real estate dreams. Contact us today!

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

Friday, April 5, 2019

Residential Hard Money Lenders in Arizona

No more begging, jumping through hoops and paying crazy fees; Level 4 Funding is a Arizona residential hard money lender in Arizona with decades of experience in the game. Qualification is easier than you think, you can get approved in a couple of days and you can get funds in your account in a matter of a week or two. How do you do it? It starts with just a simple phone call — contact us today to get started!

It's a Builder's Market Now — Get Spec Home Financing to Cash In Now

You've probably seen the headlines. The construction industry is struggling to keep up with the demand for new homes across the country. How can you use this to cash in? Arizona Spec home financing!

There's a housing crisis going on in America that's reaching nearly historic proportions. In fact, in the 60 years or so that these kinds of stats have been kept, new home construction is at the lowest level we've ever seen, according to The Wall Street Journal. In 2018, we fell short of the goal by 300,000 units. And it's not for lack of demand; people are looking for new homes and just can't find them. It's just a matter of not being able to keep up.

So there's no question about it, there's plenty of opportunities to make money here. Here's the problem: getting funding for a spec home can be tricky. Banks and big financial institutions like to play it safe so they are hesitant to take a risk on endeavors like that, especially bare lots of land. That's even truer if the builder has any kind of stain on his or her record; a foreclosure, a short sale or bankruptcy will have most traditional lenders turning heel and heading for the hills.

Getting Spec Home Financing from Hard Money Lenders

So who is willing to take a chance on spec home builders? If you're looking to build a spec home and the banks have said no (and even if they haven't), a hard money lender might be your best bet. Since collateral is used to secure these types of loans, your financial history and credit scores are of less concern. What is important for Arizona spec home financing is the current market value of the land, the location of the lot, your experience in the business and what you plan to do with the land.

Spec Home Financing in Arizona

Here's another advantage to going the hard money route for Arizona spec home financing: it's super fast. As a builder, you need to jump on an opportunity and keep to your schedule and hard money lets you do just that. Yes, Arizona Hard Money Loans come with higher rates, but many builders use them as a bridge to get their project off the ground before switching to more traditional funding. If you're looking for financing for your construction project, give us a call at Level 4 today to see how we can help!

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!

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.

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.

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.

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.