Hard Money Lenders In Goodyear, AZ

Goodyear, Arizona, is a growing city that offers plenty of opportunities for investors. In the past 19 years, Goodyear has more than quadrupled its population, leading to a demand for many more new homes. In fact, if you visit the Goodyear area, you will see construction sites peppered throughout the city. If you are thinking about taking advantage of the real estate investment opportunities in this city, you may benefit from consulting a hard money lender for financing assistance.

About Goodyear, Arizona

Goodyear is considered a suburb of Phoenix. As of 2020, the population is estimated to be more than 86,800 people. Between 1990 and 2000, Goodyear was the third fastest-growing city in the state of Arizona. The city covers approximately 116.5 square miles of land. Goodyear’s climate is considered subtropical desert, with high temperatures at or above 100 degrees during the summer. In the winter months, highs range from 60 to 75 degrees with lows in the 40s and 50s.

As of the most recent census, more than 70 percent of the city’s population was white. Approximately 6.7 percent of the population was black, and 4.3 percent were Asian. Nearly one-third of Goodyear’s population were between the ages of 35 and 49.

Goodyear offers a variety of amenities and attractions that make it a desirable place to live. Several well-respected school districts serve the area, and post-secondary education is available from Franklin Pierce University as well. The city is often a site for professional baseball teams’ spring training sessions. Residents can also enjoy baseball games at Goodyear Ballpark. In addition, this city is home to Estrella Mountain Regional Park, the Bible Museum and several golf clubs.

The History of Goodyear

The city of Goodyear was born out of the intense need for cotton. In 1917, this land was purchased for the Goodyear Tire and Rubber Company. The cotton in the Goodyear area was used to make rubber tires during World War I, when cotton was in short supply. The town’s cotton supply was also put to good use when the United States became involved in World War II.

The town of Goodyear was not officially incorporated until 1946. At that time, Goodyear had only 151 homes and 250 apartments, along with a grocery store and a few other basic necessities. Goodyear became a city in the 1980s, and it has continued to expand and grow over time.

Real Estate Growth in Goodyear

One of the primary reasons for the current and expected real estate growth in Goodyear is population growth. With so many people moving to the Goodyear region, more houses are necessary to accommodate the increase in population. In fact, Goodyear was the fifth most popular city for homebuyers as of 2019.

Goodyear’s recent increase in housing demand is also related to a growth in industry in the area. Goodyear has become a major center for distribution, aviation, aerospace, medical and manufacturing businesses. As a result, the number of jobs available in the Goodyear area has grown in recent years, leading to an increase in new constructions, as well as a surge in prospective rentals. In fact, according to AZBigMedia, the city of Goodyear has more than doubled the number of multi-family housing units over the past three years. This growth is only expected to continue as more people move to Goodyear to live and work.

Hard Money Lenders in Goodyear

If you are looking to invest in real estate in the Goodyear area, you need to seek out the best hard money lenders Arizona has to offer. Not all hard money lenders in Arizona are the same, so it is important to research your options carefully.

About Hard Money Lending

Hard money lending is the ideal financing choice for borrowers who need capital fast. With a hard money loan, you can qualify for the money you need much faster than you could with a regular real estate loan. You can use this money for residential owner-occupied properties, non owner-occupied properties, land loans, construction loans, business investments, fix and flips, rehab loans, short sales and more
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Even if you have bad credit, you may still be able to qualify for a hard money loan. Unlike traditional real estate loans, hard money loans don’t require you to meet numerous qualifications or jump through hoops. The paperwork is limited, and the chances of approval are considerably higher. In many cases, the loan will be funded solely based on the value of the asset, without the need for proof of income. A variety of loan options are available to meet the needs of almost any borrower.

Hanson Capital is available to fund your hard money loan whenever you need it. We offer competitive rates and terms, allowing you to access the cash you need in as little as 24 hours. Most of our loans will provide up to 85 percent LTV or LTC. In some cases, the LTV can even be extended as high as 90 percent.

Even though your hard money loan won’t require you to meet stringent requirements, you will still be asked to submit to a credit check before your loan will be approved. In most cases, this process will be quick and painless. To get started on your Arizona hard money loan, please contact us today.