Best West Direct: February 2020

Saturday, February 29, 2020

Conventional Arizona Construction Loans Vs. Hard Money Arizona Construction Loans

Getting a traditional loan for a construction project has become increasingly difficult over the last decade so more and more contractors are turning to hard money Arizona Construction Loans. Read on to see a comparison of the two and decide if they're a good fit for your project.

First, let's look at conventional loans from banks and big financial institutions. There are a number of pros. Banks are established entities backed by the FDIC (the Federal Deposit Insurance Corp.), so they're typically reliable and uniform in their services. You could compare them to a nationwide chain restaurant — you know exactly what you're getting, and you'll see the same menu and level of service almost anywhere you go. Because of their size and standing, banks also typically offer relatively low interest rates.

However, while the sheer size of banks lets them offer some pros, it's also what leads to their cons. Banks aren't very flexible; if you or your project don't fit into their box, there's often little hope of getting approved or tweaking the terms. The same goes for a financial hiccup or a credit score that doesn't match their predetermined threshold. Even if you're approved, getting a bank loan can take at least a month because of all the complicated underwriting and federal regulations.

Comparing Hard Money Arizona Construction Loans

Conversely, hard money comes from private investors; they sometimes come with higher interest rates but they also offer a range of advantages:

● It's Quite a Bit Faster. Hard money Arizona Construction Loans can be approved in a day or two and funded within a week. Banks might take a month or more to get your money.

● It's Way More Flexible. Rather than fit into the bank's box, you and the lender can fit the loan to work for your unique situation.

● Qualification is Much Easier. Since these are asset-based loans, lenders don't need to know every detail of your financial history or dive into every aspect of your income. They may look at these things, but you, your project and your collateral are the biggest deciding factors.

Which Loan Fits Your Needs?

Not sure which of these Arizona Construction Loans is right for you? We can help because we've funded a wealth of different projects over the course of decades of experience. Come to us with your construction project and we can sit down, talk about your needs and help you decide how to get it funded.

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: 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.
© 2019 Level 4 Funding LLC. All Rights Reserved.

Orchard Funding 11333 N Scottsdale Rd #293, Scottsdale, AZ 85254 (602) 252-1500

Hard Money Lenders Phoenix Arizona 40 N Central Ave #1400, Phoenix, AZ 85004 (480) 999-6183

SFG of Arizona, LLC 7272 E Indian School Rd #540, Scottsdale, AZ 85251 (480) 455-5047

Capital Fund 1 14555 N Scottsdale Rd Ste 200, Scottsdale, AZ 85254 (480) 889-6100

Prime Plus Mortgages - Phoenix Hard Money Loans 7137 E Rancho Vista Dr b05, Scottsdale, AZ 85251 (480) 788-357

Brad Loans by eMortgage Inc. 6011, 7522 E McDonald Dr C, Scottsdale, AZ 85250 (480) 948-0880

Geoff Ball | Hard Money Loans 3003 N 73rd St, Scottsdale, AZ 85251 (480) 808-8687

Hilton Financial Corporation 11024 N 28th Dr #170, Phoenix, AZ 85029 (602) 375-8951

LM2 Investment Group 9160 E Bahia Dr #105, Scottsdale, AZ 85260 (480) 444-2242

Setabay Loan Trust Deed Investing - Private Lender 23335 N 18th Dr #120, Phoenix, AZ 85027 (623) 869-6854

Kenwood Mortgage Investments 7950 E Redfield Rd # 110, Scottsdale, AZ 85260 (480) 783-8800

Hard Money Loan Services 916 E Baseline Rd #106, Mesa, AZ 85204 (480) 820-5070

Arizona Private Lender Association – APLA 11811 N Tatum Blvd #4020, Phoenix, AZ 85028 (520) 269-6585

A&A Funding Corporation 10031 E Dynamite Blvd Suite 230, Scottsdale, AZ 85262 (602) 494-8980

Capital Market Funds 8442 E Chaparral Rd, Scottsdale, AZ 85252 (480) 351-4472

Hard Money, LLC -- Hard Money for Arizona bruc.robinson@gmail.com, Gold Canyon, AZ 85118 (559) 967-5582

Clear Mortgage 9399 South Priest Drive

xmantothemoonisgoing good today at all

Friday, February 28, 2020

The Pros and Cons of Using a Commercial Hard Money Lender

If you've never used a commercial hard money lender before, it's good to know some of the pros and cons involved. Here's why it might be a great option for some investors and not the best option for others.

Hard money loans are loans that are secured with collateral, not with the borrower's credit score or financial history, as is the case with banks. These lenders operate outside the typical regulations to which big financial institutions must adhere. This offers them several advantages over a traditional commercial bank loan:

● The Approval Process is Much Quicker. While bank loans can take 30 days to several months to come through, a commercial hard money loan can be approved and funded in days or weeks. Private investors can look over the project and make a decision; no need for complicated income verification or lengthy background checks.

● You Don't Need Great Credit. Since the property is put up as collateral, your financial history, credit score and income aren't as big a concern.

● Asset-Based Loans Are More Flexible. Commercial hard money lenders don't have a one-size-fits-all approach. They can look at each transaction and judge its merits individually. This means the terms can be molded to fit the project.

● They're Perfect for Flippers. These loans are designed to fund short-term projects with set goals, a solid budget and a completion date — all of which work perfectly with commercial flips.

The Cons of Commercial Hard Money Loans

Of course, these loans aren't ideal for everyone. There are some drawbacks that might make them a better fit for some than others. For instance, hard money often comes with a higher interest rate than you might get at the bank. This can be anywhere from 1% to 10% more, depending on the project. In addition, the loan terms might be shorter. Whereas a bank loan could range from five years to 20 years, asset-based loans are usually in the range of three to 60 months. For flippers, this is ideal; for ultra-long-term investors, it might not be the right fit.

Getting a Commercial Hard Money Loan in Arizona

Look for a commercial hard money lender in Arizona? You've come to the right place. Level 4 Funding offers highly competitive rates, interest-only payments and flexible terms for multi-family, office, warehouse and industrial projects. Give us a call or send us a message to find out how we can fund your next project.

Orchard Funding 11333 N Scottsdale Rd #293, Scottsdale, AZ 85254 (602) 252-1500

Hard Money Lenders Phoenix Arizona 40 N Central Ave #1400, Phoenix, AZ 85004 (480) 999-6183

SFG of Arizona, LLC 7272 E Indian School Rd #540, Scottsdale, AZ 85251 (480) 455-5047

Capital Fund 1 14555 N Scottsdale Rd Ste 200, Scottsdale, AZ 85254 (480) 889-6100

Prime Plus Mortgages - Phoenix Hard Money Loans 7137 E Rancho Vista Dr b05, Scottsdale, AZ 85251 (480) 788-357

Brad Loans by eMortgage Inc. 6011, 7522 E McDonald Dr C, Scottsdale, AZ 85250 (480) 948-0880

Geoff Ball | Hard Money Loans 3003 N 73rd St, Scottsdale, AZ 85251 (480) 808-8687

Hilton Financial Corporation 11024 N 28th Dr #170, Phoenix, AZ 85029 (602) 375-8951

LM2 Investment Group 9160 E Bahia Dr #105, Scottsdale, AZ 85260 (480) 444-2242

Setabay Loan Trust Deed Investing - Private Lender 23335 N 18th Dr #120, Phoenix, AZ 85027 (623) 869-6854

Kenwood Mortgage Investments 7950 E Redfield Rd # 110, Scottsdale, AZ 85260 (480) 783-8800

Hard Money Loan Services 916 E Baseline Rd #106, Mesa, AZ 85204 (480) 820-5070

Arizona Private Lender Association – APLA 11811 N Tatum Blvd #4020, Phoenix, AZ 85028 (520) 269-6585

A&A Funding Corporation 10031 E Dynamite Blvd Suite 230, Scottsdale, AZ 85262 (602) 494-8980

Capital Market Funds 8442 E Chaparral Rd, Scottsdale, AZ 85252 (480) 351-4472

Hard Money, LLC -- Hard Money for Arizona bruc.robinson@gmail.com, Gold Canyon, AZ 85118 (559) 967-5582

Clear Mortgage 9399 South Priest Drive

xmantothemoonisgoing good today at all

Thursday, February 27, 2020

How Rehab Loans from a Hard Money Lender Can Fund 100% of Rehab Costs

If there's one constant in the rehabbing business, it's change. Adapting to these changes is what can make or break a project; learn how to use rehab loans from hard money lenders to keep your refurb project on target.

Hey, we've been there, too — you're on schedule and under budget on a refurb and the universe has other ideas. You find asbestos or lead paint. An act of god threatens to derail a major project. A redesign ends up costing more than you anticipated. You're out of cash and you've got deadlines and bills looming. If you can finish the project, you can sell for a profit and be out of the woods and onto the next one.

The banks might not want to deal with you at this point, especially if you're already struggling to pay off what you've borrowed, or you don't have near-perfect credit and an unblemished financial record. You could throw up your hands, give up on the rehab or leave projects unfinished and sell (possibly for a loss).

Or, you could get a hard money rehab loan.

How Hard Money Rehab Loans Work

Hard money lenders use private money to fund projects they care about. Unlike the banks and big financial institutions, these lenders aren't hand-tied by major federal regulations. If they think the project has merit, they can get the money and, since there's no complicated underwriting, they can often do it in just days or weeks.

With hard money loans, you put up a property or asset as collateral. With a loan for a fix and flip, this could be the property you're working on or it could be an unrelated property. It's a simple transaction; if you can use the money to finish your projects and sell your flip for a profit, you pay off the loan and pocket the gain. If not, the lender has an insurance policy. In essence, you're betting on yourself.

Get a Hard Money Loan for a Rehab Property in Arizona

If you're looking for a rehab loan in Arizona, you're already in the right place. Level 4 Funding has loans that can cover up to 90% of the cost of the property and up to 100% of the rehab costs. Interest rates are as low as 5.99% and terms can be as few as 3 months and as long as 60 months. Click the chat button, give us a call or shoot us an email to get your project funded.

Orchard Funding 11333 N Scottsdale Rd #293, Scottsdale, AZ 85254 (602) 252-1500

Hard Money Lenders Phoenix Arizona 40 N Central Ave #1400, Phoenix, AZ 85004 (480) 999-6183

SFG of Arizona, LLC 7272 E Indian School Rd #540, Scottsdale, AZ 85251 (480) 455-5047

Capital Fund 1 14555 N Scottsdale Rd Ste 200, Scottsdale, AZ 85254 (480) 889-6100

Prime Plus Mortgages - Phoenix Hard Money Loans 7137 E Rancho Vista Dr b05, Scottsdale, AZ 85251 (480) 788-357

Brad Loans by eMortgage Inc. 6011, 7522 E McDonald Dr C, Scottsdale, AZ 85250 (480) 948-0880

Geoff Ball | Hard Money Loans 3003 N 73rd St, Scottsdale, AZ 85251 (480) 808-8687

Hilton Financial Corporation 11024 N 28th Dr #170, Phoenix, AZ 85029 (602) 375-8951

LM2 Investment Group 9160 E Bahia Dr #105, Scottsdale, AZ 85260 (480) 444-2242

Setabay Loan Trust Deed Investing - Private Lender 23335 N 18th Dr #120, Phoenix, AZ 85027 (623) 869-6854

Kenwood Mortgage Investments 7950 E Redfield Rd # 110, Scottsdale, AZ 85260 (480) 783-8800

Hard Money Loan Services 916 E Baseline Rd #106, Mesa, AZ 85204 (480) 820-5070

Arizona Private Lender Association – APLA 11811 N Tatum Blvd #4020, Phoenix, AZ 85028 (520) 269-6585

A&A Funding Corporation 10031 E Dynamite Blvd Suite 230, Scottsdale, AZ 85262 (602) 494-8980

Capital Market Funds 8442 E Chaparral Rd, Scottsdale, AZ 85252 (480) 351-4472

Hard Money, LLC -- Hard Money for Arizona bruc.robinson@gmail.com, Gold Canyon, AZ 85118 (559) 967-5582

Clear Mortgage 9399 South Priest Drive

xmantothemoonisgoing good today at all

Wednesday, February 26, 2020

Here's Why December is the Best Time to Get a Fix and Flip Loan

It might sound crazy but getting a fix and flip loan in December or January is a perfect time. Read on to find out why.

Most people think about taking on a flip in the so-called "hot" months of the spring and summer. While any time of year can be a good time to do a fix and flip, there are many good reasons why December is the best month to find a project, get your funding secured, and start working. Here are just a few of them.

1. Prices Are Low. Real estate is traditionally a bit cold in the winter months. People don't relocate as much during the winter and this is especially true during the holiday season (November and December). The people who are selling are often desperate — maybe they have to move because of a job or a reassignment, or they're underwater on their loan and have to get out. Whatever the reason, homes that do hit the market during this time period tend to be cheaper.

2. The Timing is Perfect. It's the oldest adage in the book: buy low and sell high. The average time to complete a rehab in Phoenix, Arizona is 151 days according to Atom Data Solutions. That's just about five months, which puts your completed project on the market right as things are heating up. By timing it this way you might be able to put another 5-10% in your pocket when the deal is struck.

3. Competition is Lower. Many rehabbers use the holidays to relax or go on vacation, waiting until the new year to jump on a new project. You can use that to your advantage and snag a great property while they're "sleeping."

Fix and Flip Hard Money Loans Can Help You Strike at the Right Time

Convinced to grab a hot deal in the cold months? A hard money fix and flip loan can help. Unlike the banks, hard money lenders can approve you and get you your funding within a matter of weeks, which can mean the difference between striking at the right time or waiting until the wrong time.

Get a Loan at Level 4 Funding

Level 4 Funding offers a variety of options for fix and flip loans for your needs including 100% rehab cost loans. You'll find rates as low as 5.99% and terms that range for 3 months to sixty months. Fill out a quote form or give us a call to get started.

Orchard Funding 11333 N Scottsdale Rd #293, Scottsdale, AZ 85254 (602) 252-1500

Hard Money Lenders Phoenix Arizona 40 N Central Ave #1400, Phoenix, AZ 85004 (480) 999-6183

SFG of Arizona, LLC 7272 E Indian School Rd #540, Scottsdale, AZ 85251 (480) 455-5047

Capital Fund 1 14555 N Scottsdale Rd Ste 200, Scottsdale, AZ 85254 (480) 889-6100

Prime Plus Mortgages - Phoenix Hard Money Loans 7137 E Rancho Vista Dr b05, Scottsdale, AZ 85251 (480) 788-357

Brad Loans by eMortgage Inc. 6011, 7522 E McDonald Dr C, Scottsdale, AZ 85250 (480) 948-0880

Geoff Ball | Hard Money Loans 3003 N 73rd St, Scottsdale, AZ 85251 (480) 808-8687

Hilton Financial Corporation 11024 N 28th Dr #170, Phoenix, AZ 85029 (602) 375-8951

LM2 Investment Group 9160 E Bahia Dr #105, Scottsdale, AZ 85260 (480) 444-2242

Setabay Loan Trust Deed Investing - Private Lender 23335 N 18th Dr #120, Phoenix, AZ 85027 (623) 869-6854

Kenwood Mortgage Investments 7950 E Redfield Rd # 110, Scottsdale, AZ 85260 (480) 783-8800

Hard Money Loan Services 916 E Baseline Rd #106, Mesa, AZ 85204 (480) 820-5070

Arizona Private Lender Association – APLA 11811 N Tatum Blvd #4020, Phoenix, AZ 85028 (520) 269-6585

A&A Funding Corporation 10031 E Dynamite Blvd Suite 230, Scottsdale, AZ 85262 (602) 494-8980

Capital Market Funds 8442 E Chaparral Rd, Scottsdale, AZ 85252 (480) 351-4472

Hard Money, LLC -- Hard Money for Arizona bruc.robinson@gmail.com, Gold Canyon, AZ 85118 (559) 967-5582

Clear Mortgage 9399 South Priest Drive

xmantothemoonisgoing good today at all

Tuesday, February 25, 2020

Can You Calculate Your LTV? An Easy Guide to Real Estate Math

Here’s how to do the math on your next hard money investment so you know if it’s going to be the right choice for you.

Is that home going to be a cash cow? Will that fix and flip line your pockets for your next project? You may not be a big fan of math, but you can’t be a great investor without knowing the basics to real estate calculations.

Let’s go over some of the big numbers you’ll need to know for an investment!

Loan Amount

This one is pretty easy to determine and the most important one to know. How much are you going to be able to put down on the home? That is going to feed into the next equation because to get an Arizona hard money loan the lender will look at the loan to value. Are you going to need higher than 70% LTV to make your deal work? It’s important to know this going forward because different lenders have different max LTVs that they’ll loan on.

LTV – Loan to Value

This calculation is pretty simple! You’re going to divide the amount you’re borrowing by the appraised value of the home. To get the appraised value it’s good to speak with someone keen to real estate if you aren’t familiar with home values in the area.

Here’s an example: If you’re investing in a home worth $100,000 and you’re going to borrow $90,000, you’ll have a LTV of 90%. Now just add the data for the home you’re interested in and see what your LTV is which is an important number to know when securing a hard money loan.

Hard money lenders like Level 4 Funding will often times go up to a 90% LTV, depending on the project. If you’ve got a proposal for an investment opportunity that you think is going to be a money maker, needs to happen quickly, or you’re worried about getting funded through a traditional lender, an Arizona hard money loan may be just what you need.

Call us today to schedule an appointment to present your proposal and get started on your next project in as little as a few days!

Orchard Funding 11333 N Scottsdale Rd #293, Scottsdale, AZ 85254 (602) 252-1500

Hard Money Lenders Phoenix Arizona 40 N Central Ave #1400, Phoenix, AZ 85004 (480) 999-6183

SFG of Arizona, LLC 7272 E Indian School Rd #540, Scottsdale, AZ 85251 (480) 455-5047

Capital Fund 1 14555 N Scottsdale Rd Ste 200, Scottsdale, AZ 85254 (480) 889-6100

Prime Plus Mortgages - Phoenix Hard Money Loans 7137 E Rancho Vista Dr b05, Scottsdale, AZ 85251 (480) 788-357

Brad Loans by eMortgage Inc. 6011, 7522 E McDonald Dr C, Scottsdale, AZ 85250 (480) 948-0880

Geoff Ball | Hard Money Loans 3003 N 73rd St, Scottsdale, AZ 85251 (480) 808-8687

Hilton Financial Corporation 11024 N 28th Dr #170, Phoenix, AZ 85029 (602) 375-8951

LM2 Investment Group 9160 E Bahia Dr #105, Scottsdale, AZ 85260 (480) 444-2242

Setabay Loan Trust Deed Investing - Private Lender 23335 N 18th Dr #120, Phoenix, AZ 85027 (623) 869-6854

Kenwood Mortgage Investments 7950 E Redfield Rd # 110, Scottsdale, AZ 85260 (480) 783-8800

Hard Money Loan Services 916 E Baseline Rd #106, Mesa, AZ 85204 (480) 820-5070

Arizona Private Lender Association – APLA 11811 N Tatum Blvd #4020, Phoenix, AZ 85028 (520) 269-6585

A&A Funding Corporation 10031 E Dynamite Blvd Suite 230, Scottsdale, AZ 85262 (602) 494-8980

Capital Market Funds 8442 E Chaparral Rd, Scottsdale, AZ 85252 (480) 351-4472

Hard Money, LLC -- Hard Money for Arizona bruc.robinson@gmail.com, Gold Canyon, AZ 85118 (559) 967-5582

Clear Mortgage 9399 South Priest Drive

xmantothemoonisgoing good today at all

Monday, February 24, 2020

Give Me 30 Minutes and I’ll Change Your Perspective on Hard Money Loans

Hard money loans are the way to go for some investors who need fast cash and can’t qualify for traditional loans – here’s why.

In the world of finance, hard money loans can get the short end of the stick when it comes to reputation. We’re aware! But what I’m here to tell you is why we may be the right choice for you.

First and foremost, we offer an opportunity for investors who can’t secure traditional loans – we’re the fairy godmother for those who have poor credit and can’t wait for a loan to fund for weeks on end.

Some of what you’ve heard is true. Yes, we do have higher interest rates and yes, we do scrutinize your project plan, but that’s because we’re taking a risk. We’re taking a risk on your project and on you as an investor.

We Don’t Avoid Risk, We Welcome It!

But that’s a risk we are not only willing, but happy to take! It’s why we’re in the business of hard money loans! We’ve seen investors miss out on opportunities because they can’t get the cash fast enough. We’ve seen investors be shunned by traditional banks because of their credit score. We won’t stand for it!

We Want You to Succeed

Our success is your success. We thrive on helping your investment come to life and that’s why we’re here to listen to your proposal whether it’s for a fix and flip residential home or you want to secure a commercial property for long-term income. We’re a one stop shop when it comes to real estate investment. There’s no project too big or small for us to consider lending.

An Arizona hard money loan can mean the difference between success and failure on your next project. The real estate market is HOT right now and deals are flying off the shelves before investors can submit their loan requests to traditional lenders. Allow us to fill that need for you by funding quickly and getting your name on the title of your next investment opportunity.