Apple Wood Private Hard Money Lender

When it comes to Arizona hard money loans you take out for your business, consider carefully, whatever your pledging. Sally Jones lives in a beautiful picturesque tourist town, where she owns and operates a restaurant.  Then the especially ponderous local city council demands Sally make some extensive cosmetic changes to the exterior of her restaurant, “to preserve the historic character” of the neighborhood they say. If she doesn't make these changes, she will have to shutter her business right in the midst of peak tourist season. She needs money yesterday. She's heard about hard money does a quick cursory search online,  to find a "hard money provider," and the one she finds offers her a merchant cash advance instead.  She doesn't think much of it, applies, and the money quickly comes in. She makes the necessary cosmetic changes. Business goes well extremely well during tourist season. However, the loan she took out was paid back with 40% of all her profits.  S...

How an Airbnb Business in Arizona may let you tap into rental income. In the beginning there were normal rental businesses, and normal rental businesses were the way to run things. Then God spoke. Airbnb emerged from the darkness, and its opportunities were good. Ground control to Major Tom—analog is dead, digital is here to stay. Airbnb has overwhelmed the traditional rental methods. It is now worth roughly 24 billion dollars!! A fancy app, a clean UI, and a myriad of positive ratings have seduced users into booking low-cost, well-placed, and amenity-packed locations. Are you willing to harness its power and tap into the money? Wait? You can make money using another business? You could, say, purchase a conveniently located property and then, you know, rent it out on an app to people who want to stay there? Sure. You can just as many other people have. So, how do you do it? Well, Arizona Hard Money Loans appear to be the answer to funding your side business because conventional lender...

Arizona Hard Money Loans can build your credit score and get you back on your feet. Welcome to—The Information Age—an era where the IRS, government, and banking system—even Facebook and Google—are keen at storing away personal data. Your credit score, social security number, and private information, as well as your most frequented websites and purchases, are all categorized within a vast array of databases.  Like it or not, due to this, you are being judged based upon your data, and when it comes to getting a loan, most likely, you are being judged upon your credit history: good, bad, or ugly. While credit history may not concern an individual with flawless credit, it tends to concern individuals currently building, rebuilding, or acquiring it. Frequently, people in need of loans want to form or bolster their own security. Despite this, a low credit score or a troublesome credit history may create stress because credit directly influences a person’s ability to build security in th...

Who are Arizona Hard Money Lenders ? What part do they play in the finance industry? Arizona Hard Money Lenders are private or individual investors providing asset-based funding. When considering granting a loan, these lenders focus on collateral value and equity rather than creditworthiness. For the most part, Arizona Hard Money Lenders use real estate as collateral, which must be appraised for the lender to ascertain value. Upon determining a property’s value, Arizona Hard Money Lenders evaluate and mitigate risk by establishing interest and loan-to-value LTV. As an example of LTV, consider that a property’s market value is $100,000, and that the lender is willing to loan money at 60% LTV. This means that the borrower must provide $40,000 to receive a loan of $60,000 at a given interest rate. By requiring a percentage of the property’s value, Arizona Hard Money Lenders are buffered should the debtor fail to make payments. In exchange for cash down, the debtor is granted an asset-ba...

People who are facing foreclosure often look for creative ways to save their homes. Arizona hard money loans can help in these situations, but you must know how to evaluate which options are best. If you’ve found yourself in hot water with your mortgage company, the first decision to make is whether you genuinely believe you can catch up your payments or if the best solution is to give up your home. If your plan is to save your home, you will need to work out a budget and plan for repayment of the past due balances. If you believe you cannot get caught back up, then the best course of action is generally to identify which options will help you move on without sinking your credit. Ideally, your first point of contact should be to your existing mortgage company. If you already know how much you can afford to pay back each month, they may be able to give you an alternate payment plan that will help you avoid foreclosure to begin with. Sometimes, banks will also agree to a “deed in lieu o...

What type of down payment do I need for a hard money loan?  Is a down payment required? The answer is, no a down payment is not always required. However, there is a difference between needing your own money for a down payment and being prepared to use some of your own money towards your potential property. Certain lenders will require a certain percentage as a down payment— that percentage can be calculated from your credit score and/or your real estate investing experience. Don’t get nervous; Arizona hard money lenders are not as concerned about your credit as they are your hard assets. You DO NOT have to have perfect credit to be approved for a loan. Most Arizona hard money lenders will work with you if you have a FICO score of at least 550. However, depending on the lender, you may have to put a little more of your own money down. Lenders that require a down payment usually will ask for between 10%-20% down with decent credit and around 25%-30% for bad credit—remember this is SO...