An Arizona Bridge Loan helps individuals, developers, businesses, investors, and buyers receive funds in order to secure desirable property for investment or residential purposes, needed equipment for commercial expansion, or sufficient materials to renovate. This type of loan is temporary, lasting generally anywhere from three to twelve months. An Arizona Bridge Loan is not a means of long-term financing, but rather a means of providing needed and short-term cash flow to complete a financial objective or acquire an asset until conventional lending is made available at a lower rate. Hence, the word bridge indicates an intermediary period between hard money and conventional lending.
Though possessing innately higher interest rates, the benefits of An Arizona Bridge Loan are speed, accessibility, and reliability. Since An Arizona Bridge Loan is made available through hard money brokers or lenders, the process of acquiring a hard money bridge loan is much shorter than the months needed to secure a conventional loan. This speed is due to the fact that a hard money bridge loan is backed by collateral, usually real estate. An Arizona Bridge Loan is accessible via hard money brokers who able to secure the rates and terms in a reliable and comfortable time frame.
Conventional lenders may offer the lowest available rates, but they are slow, very slow. Conventional lenders are the optimal long-term method of financing, which is great. However, it is not always a simple process jumping into a long-term conventional loan. Credit analyses, screenings, federal regulations, and hordes of stipulations stand guard. Sometimes, the months needed to secure this kind of financing are not available. Unforeseeable business demands, life events, or market opportunities materialize out of nowhere. Action may be needed, and quick. Right now, you have the power to secure the cash flow to acquire the assets you need. Get financed through the banks later.
5 Common Bridge Loan Scenarios
1. Businesses needing to buy real estate or purchase equipment quickly and at a high interest rate until they can secure low interest financing through conventional lenders.
2. Individuals seeking to purchase and move into a new home before their original home sells. In this case, the equity of the original home is used as collateral to acquire a hard money bridge loan to secure the newer home.
3. Developers who need a loan to continue construction while preparing to meet long-term financing stipulations.
4. Investors needing the funds to secure, purchase, and renovate real estate.
5. Buyers needing quick money to purchase an ideal piece of real estate.
Should any of these categories describe your current financing needs, talk to your broker at Level 4 Funding today. Take hold of the commercial or residential assets you need with a hard money bridge loan.
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.