Level 4 Funding

Phoenix Arizona Hard Money Lender

A Lender for Every Kind of Buyer

There are many types of Hard money loans, it’s across the board. When it comes to Private Money Lenders California has seen everything from a $70,000 foreclosure to a half-a-million-dollar loan, where somebody just needs so much cash at one time, but can’t verify their income to make it worthwhile for a traditional lender to look at. For instance, recently a private lender did a hard money construction loan for someone building a cabin near Yosemite National Park. Regular lenders balk at such deals because they don’t like financing properties in remote locations or those that aren’t of standard frame, concrete block or other traditional-type construction. Rural buyers in California also sometimes use California Hard Money loans. That’s because conventional lenders get antsy about mortgages for properties that derive a substantial portion of their value from the land rather than the house, which in California account for a large portion of properties. Buyers of expensive properties and those who already own such homes and want to cash out large amounts of their equity via refinance loans also turn to private money lenders. So do real estate investors. These buyers purchase properties on the cheap, fix them up and sell them for profit. They use private loans because the loans come with less red tape and restrictions than bank loans. Lastly, borrowers facing foreclosure make up the last major category of hard money customers. When someone misses a mortgage payment, that person usually has some leeway to bring the loan current. But once a 30-day delinquency turns into a 120-day or 180-day one, the lender will usually start the foreclosure process. At that point, the borrower is so far behind that even subprime lenders are reluctant to come in, refinance the loan and start the clock ticking again. A hard money lender, on the other hand, may be willing to give that person a new loan. The customer can use it to pay off the original lender, gaining enough time to sell the property and find a new place to live. Borrowers who miss payments because of temporary problems, such as a job loss, can benefit, too. They can use the breathing room a hard money loan provides to rebuild their credit. By making payments on time for a year or two, they’ll lay the groundwork for a future refinance into a more favorable loan.


Level-4-Funding-Dennis-Dahlberg-Mort[1] Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel:  (623) 582-4444
Texas Tel:      (512) 516-1177
Dennis@level4funding.com
http://www.Level4Funding.com
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027111 Congress Ave |Austin | Texas | 78701                                   

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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.

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