Finding the Perfect California Private Loan

 

So you found the perfect investment property, now it’s time to get a loan. Before you do this it is good to know what the terms are when dealing with a Hard Money Lender California has many options. So surely, after some homework, you will be able to find the one that will fit your needs. Here are some of the terms you can expect to see so you can prepare accordingly. Typically they will only loan you up to 70% ARV (after repaired value). This means that a hard money lender can loan you up to 70% of what the home is worth in repaired condition. So if you find a home worth $45,000 in the condition it's in, and needs $20,000 in repair work, and after it is repaired the current fair market value is worth $100,000, then typically they can lend you up to $70,000, which would cover the cost of the house and the repairs. This is what makes California Hard Money loans the perfect option for investing in a fixer-upper or a property you plan to flip. Other terms you can expect are high interest rates. Interest rates vary from 12% - 20% annually and terms can last for 6 months to a few years. Many times these rates vary depending on your credit score and experience. In most cases, there will be closing costs or fees to use hard money. Typically hard money lenders will charge anywhere from 2-10 points just to use their money. One point equals one percent of the mortgage amount. So charging 1 point on a $100,000 loan would be $1000. These are all important things to consider when choosing a hard money lender.

Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com
www.Level4Funding.com
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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

 

Technorati Tags: california hard money lender,private hard money california

Benefits Commercial Hard Money Lender: How You Can Make Them Eager To Sign YOU!

 

If you’re ready to apply for a loan with a commercial hard money lender, you may want to review the following advice. While you don’t have to be perfect, these characteristics may have a helping

hand in making your dreams come true.   As experienced commercial hard money lenders, we try our very best to make the loan application process and approval easy for you at Level 4 Funding. However, there is a lot that you can do even prior to the start of the loan application process. Here’s the key–you don’t have to be perfect or have perfect credit history–you just have to have a plan for success!

BE PREPARED:  Be sure to “come to the table” having done your homework. Spell everything out for your commercial hard money lender; making it easy for him or her. After all, they hold the key to your outcome of your future. From a business plan including a apped-out marketing strategy to financial records including cash-flow statements– get everything organized, up-to-date, and ready to professionally present.

BE AUTHENTIC:   Good credit or bad credit –commercial hard money lenders just need to know. Don’t “walk into” the loan application process without being ready to explain your history and state your case. Yes, it’s wonderful that you may have been able to consistently make payments during good and bad business times, but if the latter, just document your story and be ready to effectively explain and share it.  

One Final Quality That May Help Determine Your Eligibility In Securing A Loan With A Commercial Hard Money Lender

   So, you’re organized and forthright with your business plan and financials; in-hand. Take it one step further and get a little proactive before engaging with your commercial hard money lender. A final thought is loan collateral. If you have a down payment with respect to the potential purchase of property, be ready to know what it is and be ready to put it down. Anything you can offer helps looming loan-to-value requirements.  

A Commercial Hard Money Lender Wants You To Be Successful–Being Prepared, Authentic, And Proactive Is Only Going To Help Your Chances For a Win-Win Solution!

  Look to Level 4 Funding when applying for your first or next commercial mortgage loan. Our commercial hard money lenders are experienced and are here to help. We focus on speed of service and offer more flexibility than traditional banks. We want to work with you! If you happen to be prepared, authentic, and even a little proactive–it will only make things that much easier all-the-way-around!

 

Dennis Dahlberg 
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com
www.Level4Funding.com

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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

 

Technorati Tags: private hard money,commercial hard money lender

Getting a Private Money Lender with help from your California Mortgage Broker

It’s so easy to get a private money lender it’s crazy that anyone should ever get a traditional bank loan. Not that they can. Right now, it’s next to impossible to get a bank loan. Purse strings are tight and there’s a lot of paperwork to sift through before you get an answer- and that answer might be no!

If you need cash right now for your real estate property, then you might want to talk to your California mortgage broker about getting a private money lender loan because you can get this loan super fast and you can stop worrying immediately.

Why are these private money lender loans great? Well, for one, if you have some bad credit, you can stop worrying because with hard money lenders in Califronia it really doesn't matter what your credit score says. You can get an offer anyway that’s fast and probably closer to the amount you need to escape the looming foreclosure on your property.

Moreover, because you don’t have to deal with a lot of paperwork, you can get this private money lender loan really fast. You don’t have to worry about the possibility of a California hard money lender saying no because there’s no reason they would want to. A private money lender wants to get some returns on their investment and you want it fast. In that fair trade deal, everybody gets what they want.

Don’t hesitate to look into getting a private money lender California today. It could just be the best thing you’ve ever done and more than likely, going to ensure that the property you have is saved. All the private money lender wants to know is if you have enough income to pay back the loan. It’s that easy! Speak to your California mortgage broker and look into private money lender loans today.

 

Arizona Hard Money Arizona Mortgage Broker

Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Tel:  (623) 582-4444 | Fax: (888) 279-6917
www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

BuzzNet Tags: california hard money lender,california mortgage broker,hard money lender in california

Benefits of an California Bridge Loan

An California bridge loan is a specialized type of short term loan designed to help borrowers get cash fast and can be used to help you purchase a home. Knowing the risks, benefits, and ins and outs of bridge loans can help you make a smart decision.

 

An California bridge loans is a common way for home buyers to come up with a down payment when they are buying a new home while concurrently selling their current home. Most buyers rely on the sale of their current home to come up with the down payment for their new home, however, it is not always feasible or ideal to close on the current home first. In a perfect world, you close on your home at 9:00 a.m., have funds available by 10:00 and close on your second home before noon. But it very rarely works this way. More often, you close on your current home and have to find a short term rental for a month or two before you close on a new home. This is not only expensive, but it causes you to have to move twice and you are literally throwing money away by renting.

 

One solution to the problem is an Califronia bridge loan. A bridge loan bridges the gap by lending you the down payment for a new home that you then pay back once your home sells. The bridge loan is secured to the buyer's existing home. The funds from the bridge loan are then used as a down payment on the new home. Bridge loans are gaining in popularity as a down payment option because they offer flexible terms and are relatively easy to qualify for. Also, many lenders will not allow you to take out a home equity loan on a home that is listed for sale, so in many cases a bridge loan is the only option to come up with cash for a down payment.

 

5 Things to Know About an California Bridge Loan

 

Like any loan, a bridge loan has certain risks and benefits. Knowing all your options and going into it fully informed will help you risk less and benefit more. Here are five important things to keep in mind if you are thinking about getting an California bridge loan.

 

1. Qualification is usually an easy and painless process. Most lenders do not have set FICO scores or debt to income ratios for bridge loans. Instead, qualification is based on a complete picture of your finances and whether it makes sense to purchase a home before you sell your current one.
2. You will pay a higher interest rate. Like many short term loans, bridge loans have higher interest rates than 30 year loans. You usually have a grace period of 1 to 4 months depending on your loan terms and if you pay the loan back with proceeds from your home sale, you can usually avoid paying a lot of interest.
3. You have to be able to qualify for two mortgages. A bridge loan can help you with a down payment, but you will still need to qualify for two mortgages and be able to make monthly payments on both if push comes to shove. However, most mortgages don’t require a payment for the first month so if you sell your home quickly, you ca
4. Bridge loans can help you sell your current home more quickly. A home that is lived in is always harder to sell than one that is vacant and staged. By moving into your new home, you will give yourself the best chance of selling your existing home quickly and for top dollar.
5. You can find your new dream home without the stress of having to sell your existing home first. You don’t have to wait or make unattractive contingency offers. You can purchase your new home immediately which will usually get you a better price and help make sure you get the home you want.

 

If an California bridge loan sounds like a good option for you, find a broker or private lender today to get the process started today!

 

At Level 4 Funding we specialize in bridge loans and other short term loan types. Call our office today to schedule a consultation to find out if a bridge loan is a good option for you. Don’t wait on a slow market to buy your next dream home. Use a bridge loan to get into the home you need today.

 

Dennis Dahlberg
Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444
Texas Tel:     (512) 516-1177

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027

  

 

 

 

 

What kind of California Hard Money Loan Do You Want?

There are two different kinds of California hard money that is available to you. Both are exceptionally similar, but they each have different benefits to the borrower. The two types of California hard money are Hard money lender California and private money lender. It is easy to get confused by the two, they are both practical kinds of loans, but the following will explain how they are different. 

It shouldn’t surprise you to find out that hard money lender California and private money lender California are both based on assets and have more to do with the real estate you want to invest in than with your credit score. These are both also loans that are not bank affiliated, so they are easier to obtain than your traditional bank loan.

However, hard money lender California and private money lender California do have some differences. For example, hard money lender California happens to be a group of people, while private money lender California is just one individual who gives out the loan. Typically, with a private money lender California, you know the person loaning you money, but that isn’t always the case with the group of investors in a hard money lender.

Both loans have quick turnaround despite their higher interest rate, but because of this quick turnaround, the interest rate makes little to no difference. The loans are also more flexible than your traditional bank loans, especially when you use a private money lender California.

Consider these types of loans as you decide on rehabbing a property. It could make all the difference to your project and stress you out far less in the interim. Consider the flexible and safe Arizona hard money loans. Whether you go private money lender California or hard money lender Califonia, you will be happy with the outcome.

 

California Hard Money

Califronia Mortgage Broker

Level 4 Funding LLC

23335 N 18th Drive Suite 120

Phoenix AZ 85027

 

623-582-4444

 

How to Make Money With a California Fix and Flip: Renovation Tips From Hard Money Lenders California Investors Trust!

If you are looking to do a renovation on a fix and flip house and want to make a profit, you need to know that certain renovations will get you more bang for you buck than others. Take it from the experts, hard money lenders California rehabbers trust!

Most real estate experts know that Texas hard money lenders are there when investors need to purchase a fix and flip property. With liberal lending practices and little emphasis on FICO scores or personal finances, it is hard money lenders CAlifornia investors turn to to purchase investment properties.

Hard money loans are short term, asset based loans that can be used to purchase investment properties. Most commonly, they are used to buy foreclosure or auction properties at a good price that are then fixed up and sold for a profit. With years of experience in the fix and flip business, hard money lenders know what will help a property sell and what will not.

Top 3 Renovations Recommended by Hard Money Lenders in California

If you are looking to get the most bang for you buck, here are the top three ways to spend the cash from your hard money loan to make the most profit on your fix and flip.

 

1. Fix any major problems. When it comes to buyers looking for a turn key home, take it from hard money lenders California experts trust for loans and more, no one wants to see work. If you buy a home and it needs a new roof, make sure to put one on. The same goes for major systems like the HVAC or water heater.

 

2. Paint. Pick a nice neutral paint color and it will help attract buyers. If you need ideas on color, anything from beige to grey can look great. Don't pick anything too taste specific because, according to the  hard money lenders California pros turn to, you want to home to appeal to a broad base of buyers.

 

3. Home staging. Investing a little in staging a home can pay you back big time. Staging makes the house look like a home and helps buyers picture themselves living there.

Take it from the hard money lenders California flippers trust, these small improvements go a long way!

When you are ready to take the plunge and buy a fix and flip, make sure you turn to Texas hard money lenders to help you along the way. You will be glad you did!

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
dennis@level4funding.com
www.L4f.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120 | 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 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

 

Benefits of Finding the RIGHT California Hard Money Lender

Researching California Hard Money Lenders

Discovering an California hard money lender can seem like an intimidating task. In reality, you could be so deep in financial hardship, it's taking all your strength to keep your head above water. When you don't have anywhere to turn, California hard money lenders are there for you. After you locate the appropriate hard money lender for you, they could loan you the money you need in as little as 24 hours and set you on the course to economic freedom. There are a couple of methods to find the appropriate Arizona hard money lender and it is your responsibility to find the right one for you.

Initially, you have to determine the kind of hard money you are looking for. Are you a business owner wanting hard money? Or are you an individual who is thinking about a residential hard money loan? Choosing which class you belong to is the first step to take into consideration before looking more.

At that point, you need to crunch the numbers and decide exactly how much money you are in need of. Bear in mind that California hard money lenders will loan you up to 80 % LTV (loan to value), yet this quantity will probably be closer to 65 %. Keep your expectations somewhere in between that area and then begin your research. You most likely already have your investment in mind, so do the math. Don't request more than you actually need so you can keep your debt as limited as possible.

Finding the RIGHT California Hard Money Lender

What better way to begin than with everybody's tried and true method of research? You do not even need to get off the sofa-- just start with the internet. Use a search engine such as Google or Bing and enter the words and location you are looking for a hard money loan in. For instance, if you planned to find a lender in your region, you might type "California hard money lenders." Undoubtedly, several hundred (if not thousand) internet sites will pop up. This could be kind of frustrating if you are wanting to find the right lender quickly. Click on some of the websites near the top of Google and compare and contrast what you see. Make a few lists of items that seem legit to you and also keep track of those that seem a little sketchy. It isn't a lot of to ask to have your hard money lender have a legitimate looking internet site if they are going to be managing your funds.

One of most crucial things to bear in mind is that if it appears too good to be true, IT IS! Don't do anything you feel uncomfortable with, even if it looks like an excellent offer. Rely on that gut feeling of yours, even if it lender you select has somewhat greater interest fees. Don't allow your financially troubled circumstances lead you down a course that will be wrong in the long run.

When you find a usable lender, look up some client reviews. You could discover a lot about a lender by merely reading what other individuals' encounters have been like with them.

Dennis Dahlberg

Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444

Texas Tel:      (512) 516-1177 

Dennis@level4funding.com

www.Lff.info

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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.