Direct Hard Money Private Lenders
Spec Home Financing in Arizona
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Over $40,000,000 Funded
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Fix & Flip 90% LTV with 100% of Rehab*
If You Are Not Using Level 4 Funding You’re
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We Specialize in Spec Home Financing in Arizona
• No More Begging
• No Jumping Through Hoops
• No Tax Returns
• No Pay Stubs*
• No Credit Required
• No Up Front Fees or Junk Fees
• Flexible Terms From 3 to 60 Months
• Fixed Rate From 7.99% APR*
• Up to 85% As-Is Value, 100% of Rehab Costs
• Commercial/Construction Loans
Hard Money Lender Spec Home Financing in Arizona
Do What Everyone Else Is Doing Start Making Money
If Your’re Not Using Level 4 Funding
You Are Paying Way To Much
Hard Money Rental Purchase
Home Value $946,000
LTV 50% Scottsdale, AZ
Hard Money Cash Out Mortgage
Loan Amount $560,000
Home Value $999,450
LTV 56% Mesa, AZ
Cash Out Hard Money Loan
Loan Amount $1,850,000
Home Value $4,000,000
LTV 46% Scottsdale, AZ
Cash Out Hard Money Loans
Loan Amount $3,000,000 @9%
Home Value $4,850,000
LTV 61% Beverly Hills CA
Apartment Hard Money Loans
Loan Amount $650,000
Value $1,250,000
LTV 52% Phoenix, AZ
Construction Hard Money Loans
Loan $185,000 @ 9.5% 24 Months
Home Value $275,000
Prescott Valley AZ
Rental Hard Money Loans
Loan Amount $300,000
8.25% 60 Months
Sedona AZ
Rental Hard Money Loan
Loan Amount $450,000
8.0% 60 Months
Scottsdale AZ
Hard Money 2nd Mortgage
Loan Amount $42,000
18.9% 12 Months
Avondale, AZ
Cash Out Hard Money Loans
Loan Amount $320,000
12% - Closed in 3 days
Austin TX
Rental Purchase Hard Money Loans
Loan Amount $485,000
50% LTV
Scottsdale AZ
Hard Money for Lodge/Hotel
Loan Amount $1,400,000
8% - 58% LTV
New Braunfels TX
Hard Money For Cash Out/Refi
Purchase/Construction Loans Hard Money
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That’s It! The Stress is Gone
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No Tax Returns, No Pay Stubs
No Credit Required
No UP Front Fees - No Junk Fees
.
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It starts at 7.99% APR*
Our interest rates are very competitive starting at 7.99% APR*.
Why It’s Hard to Get Spec Home Financing in Arizona (And What You Can Do About It)
Got great plans, but struggling to get spec home financing? An alternative lending option can help you get the job done.
The term “spec home” refers to one that is “speculative,” or is uncertain in the sense that the builder does not have a buyer lined up for it before beginning the project. Although a great many houses are custom-built with a specific person in mind, specs are popular in outlying areas that are experiencing rapid growth or existing neighborhoods with demand and empty space.
The fact that there is no buyer lined up ahead of time, and construction expenses are higher than, say doing a fix-and-flip, means these projects are a bit more risky than others. Because of this, it can sometimes be a bit more difficult to get Spec Home Financing in Arizona than other loan types. You are, in essence, selling an idea to the lender. Ergo, you have to think like you’re the one lending out the money.
If you haven’t already selected a property, this is a great place to start. “Improved land,” which is already connected to things like sewers, electricity, and roadways, is usually considered a safer bet than “raw land,” which is not. Depending on the nature of the developments, improved land is usually more valuable as well, which is helpful if you decide to use it as collateral. Oftentimes, banks aren’t overly-excited about lending money to purchase land. Average people don’t often develop it or live on I, which means if the land owner runs into trouble down the line, the bank is getting stuck with an unusable piece of property. Although builders may have the vision that leads to a high-value property and the knowledge to see it through, banks still usually expect them to cover half or all the cost of the land on their own. That’s where alternative funding shines.
If You Can Pay for the Land, You Can Use it as Collateral
If you’re looking into alternative options, Spec Home Financing in Arizona is more easily achieved through collateralization. That means you use the land, which you’ve already paid for, as collateral on a loan to cover construction costs. As an alternative, you can sometimes use another piece of property, such as your own home, as collateral. The big difference with an alternative option like hard money is that loans are for a shorter period of time, so you’ll want to make sure you can have the house built and sold within a small window; typically about a year or two, though some loans extend longer. During this time, you’d likely only make payments toward the interest, which keeps more money in your pocket throughout the construction process. However, it is all due in one lump sum at the end of your term, so most builders try to have the house sold before construction is complete.
Risk less by carrying out a realistic assessment of value and likelihood of a fast sale.
One of the best ways to determine what your finished project will sell for and how quickly it will close is to talk to an appraiser who specializes in homes in the area you want to build. You can also check out property sales for the past 6-12 months to see how much time houses are sitting on the market and how their prices are fluctuating. With this information in mind you can approach a broker about getting Spec Home Financing in Arizona and you’ll likely receive it.