If you’ve got bad credit and it’s stopped you from chasing your dreams, we’ve got fantastic news for you. Bad credit Arizona commercial mortgage lenders do exist and it’s not as hard to find them as you might think.
We live in a world governed by numbers. The SAT or ACT score you get determines which colleges you can attend. Your income can define you in some circles. Your age is a number, but it dictates a lot about your life. And, when it comes to getting financing, you credit score decides whether you can get a loan or not. And, even if you can, your credit score could determine what interest rates and terms you get.
If you’ve thought about opening your own business and you’ve thought getting funding was impossible, you’re not alone. In fact, in 2017, which was a banner year for banks saying “yes” since the recession, more than half of funding requests were rejected. And much of that rejection has to do with lower-than-threshold credit scores. Here’s a little secret — you can have bad credit and still get funding. How? Read on.
If the system is saying, “no,” then work outside the system. Colorado Hard Money Loans do just that, using private money that’s not regulated to death like the traditional financial juggernauts. Arizona Hard Money Loans are typically secured by collateral, so whereas a bank might ask for a minimum credit score of 700, bad credit Arizona commercial mortgage lenders care about other things. And, they’re not as scared of risk.
In fact, if you come to one with a high-risk, high-reward opportunity, have a solid plan you can communicate, a little bit of experience in the business, and a decent bit of collateral, there’s a great chance you’ll walk out the door with a loan. Keep in mind that this collateral could be the business you are buying, or it could be an existing piece of collateral.
Looking for bad credit Arizona commercial mortgage lenders in Arizona? You’ve come to the right place. At Level 4 Funding, we offer low interest rates and favorable terms on hard money commercial loans. Our process is incredibly simple and can be completed in as little as 24 hours. Give us a call today to see if we can help make your business dreams come true.
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
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.