In a recession, Arizona Hard Money Lenders typically experience an uptick in their businesses. This is largely due to borrowers taking their business elsewhere. In a recession, defaults on loans and mortgages typically increase.
This may not seem like a big problem at the macro level and scale, but with the size (what with many of the major banks in the United States reporting $800B to even $1T in assets in 2001) of many of the big box banks, losses are taken seriously. And in order to save the house, what many top level managers will insist on doing is tightening up on borrowers across the board, even if the economic and financial problem’s that’s causing the defaults are relatively confined to a segregated and isolated part of the economy.
And when this treatment of the borrowers by the big banks happen, what happens, psychologically, for the customer and client is a little perverted, perverted in the sense that when they’re turned away, what many individuals and households assume is, “There’s something wrong with me, with my credit, that’s why I was rejected and turned away by my banks.” This is hardly the case of course. Then what happens is that these customers begin to look for “alternatives,” and that’s how they come to inquiring with Arizona Hard Money Lenders (when this niche of the financial sector sees that uptick in business).
But Arizona Hard Money Lenders aren’t an alternative in any way that really deems the financial services and products of this company to be any less sufficient or somehow of anything of a lower quality. In fact, these firms are fast turning around this misconception. Many borrowers, disenfranchised with the traditional banking system and the financial sector’s status quo, are finding that the independent element of these hard money lenders in Arizona are attractive (in the same way that many borrowers are now finding credit unions more attractive than traditional big box banks).
And as it turns out, Arizona hard money arrangements offer borrowers a good deal of more customization than what can be found at an international banking, financial services and products firm. With a traditional bank, mortgages and loans practically all look the same, save for a few basis points in difference. But with hard money firms, periodicity for one, is a dimension of the arrangements that are more varied than what can be found at the big box banks. There are many more advantages to the hard money loan arrangements that are really drawing borrowers to stay with these firms, even after an economy’s recovered well.
Scottsdale Private Lending, LLC is a private real estate lender based in Scottsdale, Arizona. Our specialty is making loans on investment real estate within Arizona. When the traditional lending institutions fall short in terms of speed, underwriting and out of the box solutions, we offer common sense alternatives in [...]
Address:8655 East Vía de Ventura, Scottsdale, AZ, United States, Scottsdale, Arizona, USA85258
Brad Gilbertson, the President and Principal of eMortgage Inc., has been involved in Arizona real estate since 1972. He graduated from Arizona State University in 1975 with a Degree in Business and a specialization in Real Estate. Read what Brad has to say about his studies, both at ASU [...]
Address:7522 E McDonald Dr, Scottsdale, AZ 85250, United States, Scottsdale, Arizona, USA85250
Clear Mortgage is a Phoenix hard money lender, not a broker. That means we loan money which is secured by real property. Our typical customer already has one or more properties in mind. They see an opportunity to buy at a good price – making good money after their [...]
Address:9399 South Priest Drive, Tempe, AZ 85284, United States, Tempe, Arizona, USA
Located in the Arizona and Texas as a Private Hard Money Lender that funds private hard money loans for real estate investors and professionals and home owners. Level 4 Funding LLC has a great team of professionals that can help get the most challenging, hard money loan mortgage approval [...]
Address:22601 N 19th Ave Suite 112 Phoenix AZ 85027, Phoenix, Arizona, USA
Kenwood Mortgage is one of the oldest and most respected hard money lenders in Arizona. Based in Scottsdale, Arizona, we fund all types of Arizona hard money investment real estate including residential, commercial, multi-family, and land. Our loans range in size from $50,000 to $25,000,000 with rate and [...]
Address:7055 W. Bell Road, Suite B-22 Glendale, AZ 85308, Glendale, Arizona, USA
We have been a DIRECT Hard Money Lender in the Phoenix area since 1985. A&A Funding Corporation was founded in Scottsdale, Arizona over 30 years ago, in 1982. We have provided direct private lending as well as bank financing since our beginning. Click here to learn more about our [...]
Address:11811 N. Tatum Blvd, Suite P137 Phoenix, AZ 85028, Phoenix, Arizona, USA
The LM2 Investment Group was founded by three investors with over 30 years of mortgage and real estate experience.
We offer hard money, private loan funding for up to 2 years.
We know not all transactions are alike and consider each transaction separately using an equity based foundation.
With the tightening of [...]
Address:9160 East Bahia Drive #105 Scottsdale, AZ 85260, Scottsdale, Arizona, USA
Fast, experienced, reliable, and trustworthy hard money lenders in Arizona.
We offer local Phoenix hard money for your next fix and flip, rehab, commercial property, buy and hold, or new construction project.
We are an established Phoenix based hard money lenders provider with the sole focus on helping clients obtain the [...]
Address:40 N. Central Ave. Suite #1400 Phoenix, AZ 85004, Phoenix, Arizona, USA
Northern Arizona's premier Title Loan and Third-Party Motor Vehicle Services Provider. One stop for all your needs. Fast and friendly service.
Need money? In usually less than 30 minutes, seven days a week, we can provide you and your family a short-term auto title loan to provide the little [...]
Address:4401 N. US Hwy 89, Suite 3, Flagstaff, Arizona, USA86004
Our loan programs provide opportunities for every borrower and project. Now celebrating our 42nd year, Madera Financial has provided billions of dollars to many satisfied borrowers. Our NNN leased taxable bond program is at the forefront of our non bank financing alternative that features long term low interest rates [...]
Address:6890 E Sunrise Dr, Tucson, AZ, United States, Ste 120-194, Tucson, Arizona, USA85750