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Acquisition & Development Financing

When most people think of real estate investing, they think of buying homes and commercial buildings they will either rent out or flip and resell for a higher price. However, this isn’t the only type of real estate investing you can choose. In fact, acquiring land and developing it into something businesses can use can be a lucrative way to make money in the field of real estate. This often requires a land development loan, which is typically secured by a mortgage to develop an empty lot of land into something that can be used by companies for a variety of purposes.

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What Is Involved

There are a lot of factors when it comes to land development loans. First and foremost, there is the cost of the property that will be purchased and broken up into smaller subsections that will be improved to make room for businesses of all kinds. In addition, there are the hard costs, which refer to the cost of the construction of the buildings that will house the businesses that rent them. These properties are often built in a generic manner so they can be tailored to the needs of a variety of business types. Finally, there are several soft costs that should be included in the lending for this type of real estate investment. These costs include sales commissions, interest reserves and more. Be sure you understand all of the associated costs so you obtain the appropriate amount of funding you require.
HMLAZ
Contact Hard Money Lenders Arizona anytime, to speak with one of our very helpful and highly knowledgeable loan specialists about your property investment funding in Arizona
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Hard Money Lenders Arizona
Based on 218 reviews
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Jason P.
I've been in this business for 25 years, and I can tell you Michael is one of the best when it comes to all things real estate. Whether it's traditional lending, hard money, or investment, he's got you covered.
Response from the owner:Thank you so much for your kind words, Jason. We truly appreciate your recognition of Michael's expertise in real estate. It's always our goal to provide the best service possible, and we’re thrilled to hear that you had such a positive experience. Your support and trust in us mean a lot.
Leonel C.
It was great working with Austin. He’s a great communicating and a very diligent worker. I would use him again.
Response from the owner:Thank you for your positive review, Leonel! We're glad to hear that Austin made your experience great with his communication and diligence. We look forward to working with you again!
Giselle R.
Michael and his team completed our deal incredibly quickly. We are extremely satisfied with the service they provided and highly recommend them!
Response from the owner:Thank you for your wonderful feedback, Giselle! We're thrilled to hear that you were satisfied with our team's quick service. Your recommendation means a lot to us, and we look forward to assisting you again in the future!
Jen S.
Austin was incredible and saved our close!!! Super responsive and was able to get deal closed and funded in 5 days! Highly recommend and he is now our mortgage guy forever!
Response from the owner:Thank you for your wonderful feedback, Jen! We're thrilled to hear about your positive experience with Austin. Your recommendation means a lot to us, and we're excited to be part of your mortgage journey in the future!
Mohamed E.
This review is for Austin, Austin I wanted to thank you for going above and beyond to make this work. I really wish you the best in your carrier. God bless you. BTW even if it didn't work out I still appreciate your effort
Response from the owner:Thank you for your kind words, Mohamed! We're thrilled to hear about your positive experience with Austin. Your appreciation means a lot to us, and we'll make sure to pass on your message. Wishing you all the best as well!
Bret K.
Michael is the man....VERY helpful and organized.
Response from the owner:Thank you so much for the positive feedback, Bret! We're glad to hear that you found our service organized and that Michael was helpful. Hope to serve you again in the future.
Benjamin M.
Absolutely fantastic to work with! Always responsive and helpful. The best hard money lender in AZ, closes fast and has a great passion for getting loans closed! Michael and his team are the best in the business!!
Response from the owner:Thank you so much for your kind words, Benjamin. We really appreciate you taking the time to share your experiences with us and the community. We count ourselves lucky to have customers like you!
Justin V.
Michael took great care of my client I sent his way! It was a very complicated situation for a client in a bad spot and he jumped right on it and took care of them. He ran into a few hiccups during the approval process and didn't stop until he found a solution and got the deal done.

If Michael can't get the deal done, it's not getting done!
Response from the owner:Thank you for your wonderful review, Justin. We're really happy to hear about your positive experience with Michael. Our team is always committed to finding solutions no matter how complex the situation might be. We look forward to working with you and your clients in the future!
Juice J
Man. I'd hit a lot of closed doors and was losing hope, but then i found these guys. They were awesome and got the deal done more quickly and smoothly than i could have hoped. It was a great experience and Austin is awesome.
Response from the owner:Thank you for your fantastic review, Juice! We're thrilled to hear that we could assist you during a difficult phase and that our team, particularly Austin, was able to offer an exceptional service. We hope to work with you again in the future.
Krish S.
I needed a fast, hard-money lender in Arizona for a fix-and-flip. These guys were fantastic! Straightforward process, honest communication, and being super responsive throughout the closing. Highly recommend!
Emiliano Z.
It was quite easy to work with this hard money lender. They responded to all of my inquiries promptly and with remarkable responsiveness. made a difficult issue lot simpler. Strongly advise.
Response from the owner:Thank you!! We ar where to help.
Marco L
The team at Hard Money Lenders made the entire process smooth and stress-free. They were responsive, knowledgeable, and truly cared about finding the best solution for our needs.
Shane R.
Five stars for Michael and his team. They closed our hard money deal for our client so smoothly and quickly, you’d think they used magic instead of paperwork. Efficient, communicative, and competitive. Highly recommend for a stress free hard money experience.
Response from the owner:Shane , it was awesome getting this deal done for you and for your client. I'm extremely grateful for your referrals and looking forward to doing more deals with you in the future!
m H.
Michael and Lara were fantastic to work with. This was our first hard money deal and we had 30 days to close on our Mesa warehouse. We ended up closing in only 18 days, and only because we were delayed in getting proof of building insurance. They could have funded us in around 10 days which is crazy fast! Michael was super friendly, always available by phone, and helped explain and guide us through the entire process. It was smooth and fast from day 1. Entire underwriting process was easy and fast. This will be the first of many deals we'll do with them from now on, so we can make more competitive all cash offers. I really liked working with this group and highly recommend.
Response from the owner:Thank you so much for the kind words. You were extremely helpful as well and allowed us to close it quick because of your communication as well. I am excited to do many many loans for you and this was just the first of many. Appreciate your business immensely !
Harold P.
Worked directly with Michael and let’s just say the approval process exceeded my expectations as far as timing went and frankly the entire process.

The speed at which Michael’s team worked at allowed us to close the deal in less than 3 weeks.

Ready to make the next deal, let’s go!
Response from the owner:Thank you so much Harold! you made it easy and I know this will be the first of many deals!!
Derrick G.
Brought one of my investors to Mike and he did an amazing job. Execution and knowledge was on par. Adjusted to a significant change with the COE and didn’t even hesitate. Great asset to have in your corner!!
Response from the owner:Thank you so much Derrick! You made it so easy and helped so much! VERY much looking forward to doing deals with you and your clients!!!
Daniel P.
Working with Michael has been an extreme pleasure. Michael and his team are truly dependable, true to their word, and efficient, and performed in a manner that was quicker than expected. All requirements were met and we were able to close without delays.

I highly recommend everyone to work with Michael and his team and insist on working with Laura, Michael’s loan processor’ whom without her diligence, our loan probably would’ve been delayed.

Together they are an amazing team.
Response from the owner:Thank you so much Daniel! You were extremely helpful in making this possible!! Looking forward to working with you many more times!
Ray S.
Best in the business...never would use anyone else. Professional and knowledgeable. Honest and informative.
Response from the owner:Thank You Ray! You were very helpful, responsive and super easy to work with. Cant wait for our next deal!!
geoffrey B.
michael was great. his entire team worked seamlessly together to get me funding in record time. a straight up and honest guy, hard to find in todays world. 100% would do business with him again.
Ryan M.
Michael is a winner! Work with him and he’ll for sure do his best to help you and your client close no matter how harsh circumstance becomes. My client now gets to keep his home because of a HardMoney loan. On to the next deal!
Response from the owner:Thank you Ryan. Was a fun one to work on and I appreciate you thinking of me!
Brett H.
Amazing Experience w/ Michael. Very professional Speedy & detailed. Delivered on time & was very great with communication and process.
Response from the owner:Thank you Brett! Can't wait to do more deals with you!!
Sean C.
I had the pleasure of working with Michael to secure a loan for our home. He was able to gather our information, and close, record, and fund the loan within 10 days! the process was the least painful loan process I've experienced. The timing was perfect, we needed the good news and the great experience. Thanks again Michael we really appreciate it.
Response from the owner:Sean, thank you so juch!! Was a true pleasure to work with you. You made me look good! Looking forward to working with you again!!!
John B.
Michael is a pleasure to work with. He strives to make sure every aspect of the lending process is made clear and works hard to make sure things get taken care of ASAP.
Taylor S.
Michael gets it done! If there is a deal that has any obstacles, like one I was recently working, Michael is a true deal saver. Highly recommend.
Response from the owner:Thank you Talyor! This will be the first of many to come!
Levi D.
Absolutely the best lender I have worked with thus far. Straightforward, efficient and personable. I will only be using this lender from now on!
Response from the owner:Thank you so so much. It was great meeting with you and I hope this is the first of many deals we do together!!
Emily M.
We had a wonderful experience with Michael Iuculano. The process for our loan was only about 2 weeks start to finish. They found us the perfect lender for our project with terms that were agreeable to all parties. He was super responsive to all of our questions and understood what we needed from the beginning. We will definitely be working with him again!
Response from the owner:Emily, thank you so much to you and Luke. I am ecstatic to have been able to do this deal for you and very much looking forward to being your go to Guy!!
Jacque M.
Michael was amazing! He closed my transaction in three and a half weeks without any hiccups. Diane Chamberlin, his assistant, was also extremely helpful and expedited the process. I would highly recommend!
Response from the owner:Thank you Jacque, it was a pleasure working with you and glad to have been able to help!
Greg L.
Easy process and quick turnaround. Mike and his team made it easy.
Response from the owner:Greg, Thank you so much for the opportunity to help your clients! We look forward to working with you again soon!
Osiel A.
Tim D.
All I have to say is that Mike is well known and I’ve worked with him in the past, as well. He will get it done. In this case we had 48 hours. He got it out and signed in 24 hours, from the time I brought it to him. Saved customers house. Fantastic job, Mike.
Response from the owner:Tim, we appreciate working with you again and as always. You made it very easy and we are delighted with the result!
David R.
I read Michael's ad in a home buying magazine and after having two other loan "order takers" just give up, I decided to give him a call. Best thing I could have done. Working with Michael is such a great relief because he gets that not every loan is some "cookie cutter, fit the formula" type of transaction. He takes the time to ask questions and find out what the goal of the loan is. In my case it was to unlock equity in other properties so I could better leverage my rentals. Michael had the knowledge and contacts to get my loan completed, and offered a few different solutions .

Michael's assistant Lara made sure everything got done right, and on time. She is great to work with, and responded quickly to any question I had. Together they make a great team and I look forward to working with them in the future.
Response from the owner:David, thank you so much for your reply. We loved working with you and you were extremely prompt and responsive so it's certainly made it easier and faster. We are looking forward to working with you again soon!
Sean M.
Michael Luculano and his team are nothing short of miracle workers in making a complex deal easy.

My wife and I were recently visiting Scottsdale for her birthday and had decided to look at a few homes. Nothing immediate, just getting ideas for the future. Then on the last day we run into the perfect new construction home, only problem is we weren't prepared to buy. Most of our long-term funding was tied up in our home back in Oregon and to complicate things further, the seller had another cash offer on the table and a ridiculously fast 3 week closing requirement to secure the property.

So, we took a leap of faith and called Hard Money Lenders with Barrett Financial and got Michael on the phone. That quickly took us from an impossible deal to closing on our new home in record time. Michael clearly communicated all the terms and numbers up front. And being such a rapid deal with a large amount of escrow on the line, he personally checked in with us daily.

We have worked with a lot of great people in the real estate and mortgage industries for over 30 years and have to say that Michael is one of the top professionals we have ever met. A true expert in mortgage and bridge loans / private lending. Even better, it was clear to us every day that Michael truly cares about his clients. Best phone call we could have ever made.

Thank you, Michael and Lara, for helping us make this North Scottsdale dream a reality!
Response from the owner:Sean, it was an honor to get the opportunity to work with you. I take my clients very seriously and it was awesome to work with you on this and earn the right to share in your joy. You were very responsive to all my calls and you were definitely a contributor in the outcome. I appreciate this opportunity immensely and welcome to Arizona!
Steven S.
I had a great experience working with Michael. He was quick, communicative, and professional. The whole process was easy and I got my funding very fast.
Response from the owner:Steven, we appreciate you so much. You were amazing to work with and super responsive. Thank you so much for the business and the trust! We look forward to working with you again soon!
Cindy D.
Excellent service! Michael was able to close our loan at a lower interest rate than originally quoted, as an added benefit to the already pleasant experience of working with Michael & his team. We closed ahead of time, no suprises, no drama, just positive results. The professional, dedicated staff was impressive as well. For positive results, this should be your mortgage choice.
Response from the owner:Cindy, it was an absolute pleasure to work with you and you certainly made it easier by being so thorough. Thank you so much and we hope to work with you again soon!
Darlene L.
Mike was so very helpful in getting a loan for my new house! THANK YOU!
saleh abd al H.
Michael, thank you so much you made this process so easy, I really appreciate it so much
Saleh.
wyatt A.
Recently used Mike for an investment purchase. Everything went smoothly. All fees were disclosed up front and matched at closing. Definitely using them again!
John H.
Micheal my guy straight handled business in a timely fashion I like to say thanks to you and your staff . Highly recommend
Sabria W.
Pleasant experience very professional and simply gets the job done, I look foward to our next deal.
Doug
Awesome lender that made things really simple to work with. Went above and beyond to get us a higher LTV than most of the other well-known lenders and had a quick close. Highly recommend using them!
Steven R.
Working with Michael was an absolute pleasure. I have done a lot of real estate transactions over the years and appreciate it when someone cares about their customer and getting the deal done on time and at the terms I was quoted. There are many bait and switch lenders out there but Michael and his team were always available when I had a question and when a potential issue popped up he was on it even while on vacation to get it resolved. That’s the type of service I expect and appreciate. Highly recommend if you’re looking to finance a deal.
Steven
Ernest K.
Pablo R.
Michael and Lara were so easy and amazing to work with. On top of that, Michael really values relationships and will make sure what he says is delivered. Anyone looking for a hard money team, THIS IS THE ONE!!
Celly D.
Michael and his team were very professional and extremely proficient and were able to find a solution for my client when no other lender could not! Highly recommend him!!
Jean P.
Michael provided excellent customer service. I would recommend him to anyone. Thanks for your help and fast prompt service.
H R.
Mike and his team are fantastic! Helped save a deal from falling out.
JOE D.
Made loan easy. I love it
Deborah R.
Michael and his team are amazing. I want to tell you that you cannot find a better broker who has the patience of a goat. Michael works tirelessly for his clients. I thought I was getting on his nerves but he is a seasoned professional and got the deal done. He is super fast 48 hours and it was done. He's simply the best. If you go anywhere else the experience will not be the same because Michael is compassionate. Thank you.
Understand the Percentages

If you’ll be working with a hard money lender in Arizona for this type of project, it’s important to understand what you can expect in terms of lending percentages. As a developer, you are likely to be required to put down at least 25 percent of the purchase price of the entire project cost. You will need at least 30 percent of the cost of the land itself. As a general rule of thumb, however, most hard money lenders won’t exceed more than 50 percent of the loan-to-value of refinancing the land. Many reasonable individuals are willing to fund up to 70 percent of this cost as long as the other 30 percent is being paid for in cash. If an investor goes into this project paying for their portion with any other type of loan or with credit toward work that has already been performed, the amount a hard money lender is likely to contribute will fall dramatically. In most cases, it can fall as far 55 percent of the loan-to-value ratio.

Understanding the basics of acquisition, development financing and hard money loans will help you determine if this kind of real estate investing is right for you and prepare you for what you need to make this type of investment happen.

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