Here's the age-old conundrum for real estate investors — how do I move on to my next project if I haven't closed on the current one? The answer? Arizona Bridge Loans.
Fix-and-flippers and homeowners who are ready to move both face a common problem: they're in limbo until they can sell their current property. When the market isn't cooperating, that limbo can stretch into months and even years. For homeowners, that means not being able to move and, for investors, it can mean missing out on other investment opportunities.
Thankfully, there's a fairly simple solution to this problem. Arizona Bridge Loans are loans designed to bridge the gap between one asset and the next. In other words, you can keep your current asset (a home or Commercial property, for instance) while moving on to your next asset. Here are seven reasons you might want to consider an Arizona Bridge Loan:
- You need to move your family to a new area of town (or out of town) for work, but your current home hasn't closed yet.
- You need funds to jump on a can't-miss fix-and-flip.
- You need to stabilize your cash flow to stay on track financially.
- You need a stopgap while you wait for conventional funding to come through.
- You need a better alternative to getting an equity partner.
- You need a line of credit from which you can withdraw funds over 120 days.
- You need to start construction as quickly as possible.
How Do Arizona Bridge Loans Work?
So how do these types of loans work? They are short term — as little as three months and as long as 12 months (and rarely even 24 months). At the end of the terms, you either pay off the loan in full or, more likely, use refinancing to roll it into a longer-term loan. They can come from banks or from private investors. Bank loans typically offer lower interest rates but are more difficult to qualify for, while private loans have higher interest rates but don't have the same strict qualification requirements.
Getting an Arizona Bridge Loan
Need an Arizona Bridge Loan to fund a new home, an investment opportunity, or a construction project? Here at Level4Funding, we've been helping fund real estate dreams for decades and we offer some of the most competitive rates and terms in the country. You'll see loans of up to 90 percent loan-to-value ratio, terms that run between three and 24 months, and rates as low as 7.99 percent.
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
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.
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