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Can Builders Get Spec Home Financing from Arizona Hard Money Lenders?
Finding a loan to fund a speculative home isn't as easy as it used to be, but it's still possible, even if your financial specs are less than stellar. We'll tell you how to do it and give you a few things to consider.
The housing market crash and the subsequent recession did a real number on the lending industry. Shady practices of the past led to new regulations such as the Dodd-Frank Act, and that has left conventional lenders (like the big banks) more than a little gun shy when it comes to doling out money for spec homes. So if you want to start building these days, you're out of luck, right?
Not so fast. While getting Arizona Spec Home Financing the old fashioned way may have gone the way of the dinosaur, there are still private lenders who are willing to wade into the waters. Arizona Hard Money Loans aren't subject to all the complicated underwriting and stringent restrictions of bank loans. They're more concerned with your plans and your collateral.
How to Get Hard Money Arizona Spec Home Financing
If you decide that Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
[email protected]
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
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 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
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