Understanding the facts about Important Changes to Financial Aid

Greetings, and welcome to the world of real estate investing. Hard money loans Arizona is bringing you this information now. Thank you for joining me. My name is Ryan Wright. Today I’d want to discuss what hard money lenders in Arizona are looking for, since if you know what they’re looking for, you’ll be able to find money for all of your transactions. Here is the official site.

So, I’d like to speak with you about what hard money loan providers in Arizona are searching for when evaluating a proposal. And, in general, hard money loan providers in Arizona want to know that their funds are safe. They want to be certain that they are not losing money and that their funds are not in peril. And in order to do so, they will analyse in a variety of methods.

The After Repaired Value is one of them. This is the property’s resale value once it has been fixed. This is known as the subject to value because something is contingent on something else happening, and you must ensure that it does. The other value is an As Is value, or what the property is worth in its existing location. And what you’ll find is that hard money loan providers in Arizona will look at the property, determine whether it has an As Is or After Repaired Value, and then offer a percentage of that value.

Typical percentages range from 50 to 70%, implying that they will lend 50 to 70% of the As Is or After Repaired Value. Most hard money lenders in Arizona will want to deduct the cost of the repairs if you use the After Repaired Value method. So, if the property is worth $100,000 in After Repaired Value and the repairs cost $10,000, the Adjusted After Repaired Value will be $90,000, and a lender will lend between 50 and 70% of that amount.