Level 4 Funding

Phoenix Arizona Hard Money Lender

A Few Types of Arizona Hard Money


Is Arizona Hard Money Really “Hard”?

If you’re new to the money lending world, the term “hard money” might sound a bit intimidating. I can be the first to tell you that it’s really not. There is soft money and hard money in the world of loans, but without going into extensive detail, let’s just say the two are different. Arizona hard money is based upon hard assets. In all aspects, hard money is essentially the easiest to get approved for.

Arizona hard money loans are equity-based—so it’s about the assets, not your credit, income, or financial history. However, some hard money lenders will want more information about you; but, for the most part, they are more interested in the property you are looking to buy.

A Few Types of Arizona Hard Money

There are a few different types of Arizona hard money loans. First, there are commercial hard money loans. This is for commercial properties, not personal properties.
Then, there are business hard money loans. This is where the loan is based upon the hard assets of a business such as accounts receivables or cash flows.

The other (and perhaps most common) is residential hard money loans. These hard money loans are usually for individuals or families looking to fix up a property or purchase their dream home.
Keep in mind that an Arizona hard money loan is not a signature loan. (A loan without any assets whatsoever, but based on credit score, work history, income, etc.). If you’re looking for a signature loan, talk to your bank about that. The whole purpose of a hard money loan is asking for a loan based on the property you are looking to invest in.

That’s something that you should ask your bank to do and your bank is going to look at your credit, job history and all kinds of stuff and they are going to determine based upon you, not based upon your collateral because you don’t have any.

Talk to your nearest Arizona hard money representative to see if you qualify for this type of real estate loan today!

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This entry was posted on December 31, 2012 by in Arizona Hard Money, hard money Arizona.
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