Wow! The bank frowns upon financing property without any sound buildings upon it. That’s a problem, because right now, it’s a builder’s market. There are not enough homes in the industry to satiate the needs of the buyers! Whatever are speck home builders going to do? Well, they are going to go to hard money lenders like the usually do to get the financing that they really need.
Banks and credit unions are bound by more rigorous restrictions than hard money lenders. Banks especially have one hand tied behind their back regarding the deals that they can accept and the rates they can give. Hard money lenders save the day when it comes to real estate investing. These lenders can offer financing where none can be found. They can also offer financing until conventional financing can be obtained.
This is especially beneficial for spec home investors who need to buy property in order to build commercial or residential buildings. Hard money lenders are not afraid of land. Some may require that utilities be connected before hand or that the land be locating in a favorable retail area should they need to liquidate. Nonetheless, they lend frequently and help spec home builders earn a profit.
Look no further—Level 4 Funding, your hard money broker, has lent millions of dollars in financing to real estate investors throughout the nation. Time and time again it has acquired spec home financing for its numerous clients. With professionalism, experience, and a favorable track record, Level 4 Funding is here to help you tackle the favorable spec home market.
Call your broker at Level 4 Funding today to find out the spec home financing terms and rates that you qualify for. Speck home financing is here to provide the financing in order to acquire the earnings that need.
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
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 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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.