Hard money lenders Arizona – the easy way to financing your projectJune 11, 2012
Speaking the language of hard money lenders.June 11, 2012
Real estate flippers – you’ve got some ‘splaining to do about Arizona hard money!
Hey, I Love Lucy fans, did you catch that pun? Well, in the more serious, tedious and doldrums of work life, you really, seriously need to be able to explain your position to a multitude of people. Your little pet project, where you want to turn a former prison into a preschool (same difference, no?) won’t be approved by the major banks or mortgage companies. At least, it’s not likely.
SO YES, YOU’LL HAVE TO CONSIDER ARIZONA HARD MONEY, BUT WHILE IT SEEMS A LITTLE MORE STRAIGHT FORWARD, YOU NEED TO BE AS CLEAR AS GLASS.
Always be clear with your information as most lenders will require an executive summary of some sort before you even begin. What’s included in this summary depends on you and the situation, but usually it’ll be cost estimates, due dates, time frames and what you expect to pay for monthly payments.
All of which means that you’re going to have to do some amount of explaining as to why you or your client deserves such and such a Mortgage and how the Mortgage structure will provide a win-win scenario for borrower and hard money lender Arizona
. Not providing information that’s clear and concise can be an absolute deal breaker, especially when the deal is more complicated, as many commercial scenarios are.
If you feel your project is really worth going through with, simply make your plans as clear as possible. This will make any ship sail that much more smoothly.
arizona hard money