Looking for hard money loans Phoenix AZ?
Applewood Funding Inc. is the leading Phoenix AZ Hard Money lender specializing in private lending on real estate transactions. We provide private capital for real estate transactions that don’t fit conventional funding sources. Applewood Funding Inc. lends funds throughout the Phoenix AZ metro area.
“Residential hard money” in terms of real estate financing, is a non-bankable money loan on an investment single family home (or duplex). Residential hard money loans are often synonymous with “no-doc” private loans. For a residential hard money loan, the underwriting decisions are according to the borrower’s hard assets. In these cases the residential investment real estate is used as the collateral for the transaction. Residential Hard money closes quickly compared conventional funding.
With commercial hard money loans, underwriting decisions are based on the borrower’s real estate assets. In a commercial hard money loan, lending decisions are based on commercial asset rather then relying on a borrowers credit. By utilizing assets, private lenders are able to fund transactions that do not fit the traditional money lending guidelines.