The reasons behind Fastest Funding by Hard Money Loans Arizona and other Hard Money Lenders

Welcome to Real Estate Investing Today brought to you by hard money loans arizona. My name is Ryan Wright and I am excited to talk to you today. Today we are going to talk about how hard money lenders provide the fastest funding for real estate investors.

You see hard money lenders are very specific in their lending processes because they are looking for the asset. So their lending is based upon the value of the property. So when you are talking to a hard money lender you want to know how they value property. If they are looking towards the value of the property or if they are looking towards the borrower as collateral and most hard money lenders are actually looking towards the value of the property and not looking towards the credentials of an individual.

And let’s talk about speed, hard money lenders are notorious for speed in transactions for making things happen in a very fast manner. Because as you know, as a real estate investor deals happen really fast and you are going to jump on them and hard money lenders are able to jump on opportunities fast and provide funding in a fast manner.

Why they are able to provide that for you because they are not conventional. Because in most cases it is private financing and they are able to make decisions on a fast manner and they do not have to go through a long process with lots of interrogations or go through a corporate ladder. So hard money loan providers typically make decisions in a fast manner. They know what they are willing to do and what they are not willing to do even before the phone rings and they are looking towards value of the property not towards the borrower.

So hard money lenders are not happening to look at borrower’s credit information or look at their job history or bank statements. They are not evaluating the borrower’s propensity to pay the loan back. They are evaluating the value in the property and so when hard money lenders are looking it doing alone they do not have a long drawn up process because they are just looking towards the value of the property not having to evaluate the borrower, which is a much faster process when you are just saying what is the property worth and how much we are willing to loan amount versus how you can get information about the borrower and their tax returns, their job history and their previous employers and what happened with this and if there is a charge off to get paid and any thing that may happen, the weight on credit report so the lender is more worried that is how a conventional type situation works.

But hard money lenders are able to provide funding based on asset not based on the borrower. The asset meaning the piece of property and they are not looking towards the borrower for the collateral. So I hope that helps.