Arizona Hard Money Lenders

4 Local Arizona Hard Money Lenders

Here are the hard money lenders on our platform that are “local” lenders, based in Arizona…

1. Versara Capital
   Based in Mesa, Versara offers a variety of hard money loans for all types of real estate in Arizona – purchase bridge, equity cash out, 2nd mortgages, fix & flip, rehab-to-rent. They are comfortable with commercial real estate, land, and they love mobile homes. Versara doesn’t require appraisals for most residential property loans. They are not too concerned about credit scores.
2. Private Money Funding, LLC
   Based in Scottsdale, PMF is a true asset-based hard money lending company focused on Arizona. They don’t check credit, don’t require formal appraisals and are fine with rural locations, but they are conservative with their leverage. The majic number is 60% LTV. They lend up to 60% of the property’s value for refinances. For a purchase, borrowers need a 40% down payment. They will lend on many types of real property – residential, commercial, land, manufactured homes, cannabis-use properties. Loan amounts range from $100K to $10MM.
3. Hilton Financial Corporation
   Based in Phoenix and established in 1990, Hilton Financial offers mostly purchase and refinance bridge loans. They do also offer rehab loans. Their maximum loan amount is $700,000. They lend in only 4 other states besides Arizona. We have visited their office.
4. Capital Fund I
   Based in Scottsdale and established in 2009, Capital Fund seems to be the largest hard money lender in Arizona, in terms of loan volume. They specialize in rehab and construction loans for residential properties, but they also provide bridge loans and will consider commercial real estate. They lend in only 4 other states besides AZ. We have met them in person at industry conferences.

Arizona Hard Money Lending Insights from a Local Lender

Phoenix, Arizona has been and continues to be a hot bed for real estate investors. According to Brett Tanner of Versara Capital, many people from different parts of the country have always migrated into Arizona rather than out of it. “If you look at the people coming in and out, there’s always more people coming into Arizona, and that is going to continue to happen,” he says. According to Versara Capital, Mariscopa County in specific, is the ideal environment for real estate investors and hard money lenders. “Mariscopa County has long been the county with more real estate transactions than any other county in the country,” Brett says. Brett also suggests that northern Central Phoenix is a hot market right now with a lot of rehab activity. Investors look for properties built in the 1970s to 1990s that have never been renovated and convert them into more modern homes. “They’re going to go in there and do all the deferred maintenance and make it new. And we see that in a lot of the markets throughout the valley,”Brett says.

In Arizona, the competition among lenders mirrors that of other states. There are small to medium-sized companies that lend using their own capital and assets, like Versara Capital, alongside larger companies with more complex processes that may result in longer processing times.

Another reason Arizona is a popular market for investors is the growth in job opportunities. Brett says, “There are tons of people in the job space, employers are coming in here creating jobs which creates opportunity.”

Watch Brett Tanner’s interview below to learn more about Arizona real estate investing and hard money lending

Versara Capital, LLC, is a hard money lender committed to providing real estate investors and business owners with trustworthy, efficient, and experienced lending services. For the last decade, they have been Arizona’s fastest, most reliable hard money lender. Their primary product is the standard fix and flip project but they also provide loans for purchase, refinance, cash out refi, rehab to rent, residential multifamily and commercial land. Unlike other lenders, they don’t shy away from lending on all types of properties including mobile homes. They are an asset-based lender, who focuses more on the real property than the individual’s creditworthiness, which allows investors to add a quick closing as a value add to their purchase offers.