Loan Programs
We offer flexible Arizona hard money loans for fix and flips, short sales, REO purchases, construction, land, commercial properties, and cash-out refinances. Get funded in as little as 24 hours with competitive rates and terms tailored to your deal. We lend based on asset value and LTV, not your credit score, and accept stated income with no tax returns or W-2s required. Many loans fund up to 85% LTV or LTC, with select programs available up to 90%.
Important Considerations for Borrowers
For those who are thinking about taking out a hard money loan for real estate in Arizona, there are some important considerations to keep in mind throughout the process. Perhaps the most important is to ensure your personal guarantee on the loan, which is essentially your promise to the lender that you will pay the loan back on the terms upon which you have agreed. Keep in mind that if you don’t repay your loan according to those terms, you will likely default on it and may need to give up your personal assets or be brought to court.
This is another reason why taking the time to carefully research hard money lenders is so important; by doing so, you can make sure you’re entering into an agreement with a lender you can trust and who you can find agreeable terms to sign off on. Unfortunately, there are some dishonest lenders out there who will try to scam people out of their money, so it’s important to do your due diligence as a borrower to ensure you don’t end up in such a situation.
Getting Approved for a Hard Money Loan
For those who are thinking about taking out a hard money loan for real estate in Arizona, there are some important considerations to keep in mind throughout the process. Perhaps the most important is to ensure your personal guarantee on the loan, which is essentially your promise to the lender that you will pay the loan back on the terms upon which you have agreed. Keep in mind that if you don’t repay your loan according to those terms, you will likely default on it and may need to give up your personal assets or be brought to court.
This is another reason why taking the time to carefully research hard money lenders is so important; by doing so, you can make sure you’re entering into an agreement with a lender you can trust and who you can find agreeable terms to sign off on. Unfortunately, there are some dishonest lenders out there who will try to scam people out of their money, so it’s important to do your due diligence as a borrower to ensure you don’t end up in such a situation.