Hard Money Lenders Arizona has always been committed to helping investors like you secure the financing needed to pursue both residential and commercial real estate opportunities. We proudly serve a number of cities across Arizona, ranging from Avondale and Fountain Hills to Paradise Valley and Peoria. One of the most popular cities where we see investors flocking, however, is that of our state capital: Phoenix.
With a population of well over 1.6 million people, Phoenix is currently the most populous state capital in the country. Situated in Maricopa County, Phoenix is also the geographically largest city in Arizona at more than 517 square miles in size. First settled in 1867, Phoenix has since earned such nicknames as “The Valley” and “Valley of the Sun.”
There’s a lot to love about living in Phoenix, and the city’s 1.6 million dedicated residents are a testament to that. With its location in the middle of The Sonoran Desert, which is surrounded by beautiful mountains and jutted by the Salt River, there is no shortage of natural wonders here. The city’s residents enjoy easy access to all kinds of outdoor activities, ranging from hiking and mountain climbing to river rafting and nearly everything in between. Combine these activities with the hot and dry desert climate, and it’s easy to see why so many active Americans enjoy living in this bustling city.
Aside from natural wonders and recreational activities, Phoenix is also home to such arts and culture destinations as the Phoenix Art Museum, Historic Heritage Square, and the beloved Phoenix Zoo. Meanwhile, the city’s robust public transportation system makes it easy for residents to get around; even those living outside the city will enjoy easy access to all it has to offer from nearby connecting highways.
Perhaps the best part about living in Phoenix, however, is the relatively low cost of living—especially when compared to other major cities in the United States. In fact, according to a study by Payscale.com, the cost of living in Phoenix is a full 5% below the national average.
If you’re looking to make a real estate investment in Arizona, then the great capital city of Phoenix can be a great place to start. Both residential and commercial real estate opportunities carry a great deal of promise in this hot spot, with experts predicting that the housing marking in Phoenix will continue to climb throughout 2020.
According to The Home Buying Institute, “the median home price within the Phoenix real estate market rose by about 6% over the past year.” This is reassuring news for those who may have been concerned about the effects that the early-2020 recession would have on the real estate market.
There are many reasons as to why Phoenix is such a smart place for real estate investors to spend their money. For starters, the past decade has seen intense population growth in Phoenix, with the city’s population rising about 15% from 2010 through 2019. This influx in residents has also resulted in heavy demand for housing—a demand that is currently not being met. Currently, there is not nearly enough inventory of homes in Phoenix to meet the demand. As a result, there is a massive sellers’ market occurring that real estate investors are beginning to take advantage of.
Whether you’re thinking about going for a commercial real estate investment or would like to throw your hat into the residential real estate ring, there are opportunities abound here in Phoenix. The key is securing the right capital when you need it most.
Not sure where to begin when it comes to getting the financing you need for your Phoenix real estate investment? Our team at Hard Money Lenders Arizona is ready to help. We offer hard money loans that make it easy for you to purchase a residential or commercial property right here in Phoenix without all the hoops that you’d typically have to jump through with a traditional investment loan.
Whether you’re interested in a short sale, fix-and-flip, rehab, commercial loan (or just about anything in between), we’ve got you covered. In many cases, we can get you approved for a hard money loan in as little as 24 hours with competitive rates and favorable terms.
What if you have less than perfect credit? Don’t sweat it. Our financing terms do not require a specific credit score in order to get improved, and we’re able to fund your loan based on the asset value alone. And because we’re able to accept stated income, you won’t have to deal with the hassle of submitting pay stubs, tax returns, bank statements, or other in-depth documentation in order to secure your financing. At the end of the day, our goal is to make sure that you can get the investment loan you need for your Phoenix property without having to jump through all kinds of hoops.
Some examples of common investment loans we fund for Phoenix investors include:
• Rehab loans
• Private money loans
• Construction land loans
• Buy and hold loans
• Commercial hard money loans
Ready to get involved in the hot Phoenix real estate market? Hard Money Lenders Arizona is here to help you get funded. Contact us today to find out more about what we can do for you as you embark on your next investment!
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