Whether your business is in need of a long-term loan to purchase a building, an equipment loan for machinery or other equipment, or a short-term loan for cash fast, commercial hard money lenders can help you find approval success. But first it’s important to know what you are getting into when you set out to work with these types of financiers.
These lenders often handle just a sole property type, which means that you will probably be dealing with a specific niche lender when you are seeking hard money funding. If you are looking to obtain short-term commercial loan financing, it’s important that you find a lender that works specifically with businesses of your same caliber or in your general industry. It is crucial that they understand the ins and outs of your market in order to best help you navigate your loan application.
These lenders do not operate in the same way as a traditional bank might when it comes to your loan process. They can be much more flexible in the case of a foreclosure, less than desirable credit or dings on your credit history, so that can be very beneficial for new businesses that have yet to establish credit history or for businesses that have experienced some growing pains or rough patches that left their credit history a bit tarnished.
If your company has special circumstances that you think may prohibit you from obtaining a conventional bank loan, these lenders are the way to go. They can help you in your particular niche. They have all the expertise about specific types of loans that would best benefit your company, and they can help you understand the terms of the loan you need. They have the ability to negotiate better terms as well.
Take some time to research the right financing partner for your business. This is an individual who you need to trust with your personal and business financial history, as well as the future success of your business, so now it not the time to take short cuts in your research or due diligence in finding the right lender for your business needs. Once you find the right lender, you will know and that will put you at ease as you begin the loan application process together.
Level 4 Funding LLC Private Hard Money Lender
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis@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.