Are you curious about hard money loans? Find out five reasons people use these loans to help you decide if they are right for you.
Arizona Hard Money Loans are provided by private investors and companies and are secured by real property. People turn to these loans for a number of reasons, but after working with so many clients over the years, we’ve seen the same types of situations come through. We wanted to identify those reasons here in case others find themselves in similar scenarios.
#1: Need Cash Fast
Arizona Hard Money Lenders understand how important it is to get money quickly. They work fast to ensure their borrowers get the funds they need as quickly as possible. Most clients are business owners with suffering businesses, so time is of the essence. After a quick assessment and value calculation, an application can be approved, and money sent.
#2: Crumbling Business
All businesses have their ups and downs, but that doesn’t mean they should close as soon as something hits. To stay afloat, many businesses decide to turn to Arizona Hard Money Lenders to help them. These lenders provide loans based on the value of their property, and can give up to 75% of the value to the borrower.
#3: Bad Business Credit
Bad credit doesn’t just hurt an individual, it can hurt a business as well. When a business owner needs a loan, it can be extremely difficult to get one unless they turn to a hard money one. Credit is taken into account, but only for interest rate determination. At times, this is not as important when considering the life of a business.
#4: Business Mistakes
Everyone makes mistakes, and it shouldn’t cost you a business. If that happens, loans can be a saving grace from a shutdown. Get out of the consequences of your mistake, and move on knowing what not to do in the future.
#5: Seasonal Slowdowns
Most businesses have slow times of the year. Sometimes, these slowdowns can cause businesses to fold unless they prepare for them. Even when people don’t prepare for them, they can turn to Arizona Hard Money Loans to get through that hard time. When business picks up, they pay back the loan and are highly thankful for the financial help they received.
If you’re business is suffering financially in any way, consider turning to a hard money lender. This person can help you with a loan that could save your business from going under. Once you get your head above financial waters, you’ll have some time to build up your business to pay back the loan and move on towards success.
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.