Arizona Hard Money Loans

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Start building the relationships with hard money lenders in Phoenix as early as possible. The other thing that you need to consider is something called a pre-payment penalty. A prepayment penalty can increase the cost of refinancing your loan. Hard money loans have a number of benefits over conventional bank financing.

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Hard Money Lenders Canada How to get a hard money loan. And, as you would expect, interest rates are considerably higher, usually ranging from 12% to 21%. Most hard money lenders also charge points upfront, where 1 point equals 1% of the loan. From three to six points is typical for a hard money loan.Hard Money Loans In Texas Better than Hard Money. Use these Private Lenders instead! – Real Estate Investors: Avoid expensive hard money loans! Borrow from these private money lenders at 6% to 12% interest with no points or fees.

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LendingOne – Fix and flip loans in Arizona LendingOne is a private money lender offering short-term mortgage loans to real estate investors for investment properties across the state of Arizona. Locating Fix and Flip lenders in Arizona that understand your market is very important.

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Some of the most common types of exit strategies for a private money loan include refinancing using a long-term conventional loan or to sell the property to recoup the money loaned. A private money lenders Arizona company is typically going to have a higher interest rate than more traditional 30-year bank loans.

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