Phoenix Arizona Hard Money Lender
With financial assistance for the country’s small businesses locked in a congressional imbroglio and bank loans still tough to get, many smaller firms are turning gleefully to hard money lenders California of last resort. Across the nation, small businesses are paying private lenders annual rates of up to 36 percent plus fees to get the cash they need to buy inventory, pay their mortgages and meet payroll. Those private money lenders California say they’re supporting small businesses at a time when credit is scarce. But the extra cash can come at great cost. The struggle for credit has led business owners who had never ventured outside the highly regulated world of banks and credit cards to seek often-expensive relationships with all kinds of other lenders. Among them, so-called “hard-money lenders” take personal property or the business itself as collateral. Others function like payday lenders, offering cash advances against a business’ anticipated revenue. There are also independent brokers, who put together applications for customers and seek loans from a variety of sources.
When you’re out of options, it may seem scary to go for a hard money loan, but don’t fret. Many people do this or this type of business wouldn’t be successful. It’s more a matter of knowing what you’re getting into before hand, so if you were to say, try and flip a property, you’d want to have estimates of repairs, a timeline for things to fall into place and clear goals so that when you presented everything to your chosen loan person, it doesn’t seem half come together. It’s a complete thing
Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
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 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.