Phoenix Arizona Hard Money Lender
The first part, perhaps the hardest part (no pun intended) is finding the right private money lenders Arizona. They can be anywhere, even someone who hasn’t considered offering a loan like this before so you should want to probably shop around a whole lot. They usually have extensive websites with lots of details on what they’ll be offering you. If they don’t, that makes it harder. The internet is key, right? Then, it’s simply a matter of contacting them with your idea or investment offer. They’ll probably be really friendly and invite you on a lunch date where you can discuss things in a relaxed setting.
Just because hard money lenders will offer a range of requirements on the loan-to-value percentage, type of real estate and minimum loan size for a hard money loan doesn’t mean the everyday Joe can’t qualify. It’d be at least beneficial to look into the whole thing. Who knows, you’re likely to find an even greater deal. Just remember, there are many different types of hard money loans such as fix and flip loans, construction loans and bridge loans, Arizona land banking, Mezzanine financing, land acquisition and development, land loans joint ventures and many more. The variety is just to make sure your particular needs are met.