Are 90% Arizona Hard money loans worth your time and effort?

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Are 90% Arizona Hard money loans worth your time and effort?

Read on to find out that while these particular loans can take some hard work to obtain, they may be exactly what you need.

Your current project can be partially financed instead of having the entire effort funded through a lender. There are certain types of loans out there designed for investors who possess the ability to work with the rules and regulations attached to them. Make certain you do all the background work on a 90% hard money loan in order to not only know the outer lying picture, but the smaller details as well.

Termed Loan-to-Value (LTV), these loans are at the fix and flip area’s uppermost level, and while everyone’s situation is different, a set of basic structures and requirements cover most. An applicant for this particular loan needs a FICO credit score of 600 or above and to be very certain that the desired property in mind will sell within a year’s time. From there on it can look like this:

–You may apply for a loan beginning at $75,000 (although there are companies who start out at $25,000). The figure can be as high as $2M. If approved, the state of your real-estate portfolio will be one you can proudly show in future deals.

–Have a property appraisal done, not one that is costly and over detailed, however. Most percentage lenders concentrate on the value after repairs and improvements have been made as opposed to the startup value.

–Financing generally is for 12 months, but the repayment period can be longer—again it depends on the situation and the client. An added attraction is if you pay off the loan early, no prepayment penalty is attached.

The loan application process is usually completed within a short time and once approved, closing can be done in around a month on average.

What are the application requirements for a 90% hard money loan?

Unlike other unconventional financing, the documentation required for these loans is more similar to traditional loans made by mortgage companies and banks. The following things must be brought forward: tax returns for the past two years, the sales agreement, two months’ bank statements outlining savings and checking accounts, a report of your present-day commercial and residential properties and the proposed construction budget.

Other documents may be requested as well, but those listed above are the basics demanded by companies who provide this type financing.

While these loans do not cover owner-occupied properties, being mainly designed for the fix-and flip areas, they do stretch over a large number of investments in the real estate field, both residential and commercial.

Although the requirements are more difficult than some other areas of lending, if you have credit that is less than perfect and have tried the traditional loan companies with little or no positive result, looking into 90% Arizona Hard money loans may be the road you should check out. Talk to people you know and whose word you can trust. Then set up a few appointments with lenders who are in this type financing and find out if your on-paper dream can become a brick-and-mortar reality.



Dennis Dahlber Broker Ri CEO Level 4 Funding LLC
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

Dennis@level4funding.com

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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