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Hard Money Request Denied, Now What?
Rework your Arizona hard money loan request to make sure it gets accepted by a lender and you can begin your project.
Let’s face it – rejection hurts! Especially when it’s your livelihood on the line. If you’re a real estate investor, securing your Arizona hard money loan can mean the difference between success and failure because snagging a deal as soon as possible is KEY!
When you approach a lender for your Arizona hard money loan, they will ask for a project plan for two reasons:
       They want to see your plan to ensure you’ve thought out your project from inception to completion.        They want to know how they’ll make their money back. If you’re not providing that information in an easy to understand way, or you’re simply lacking pieces of the puzzle that make the lender uneasy to fund your project, you may face losing out on a deal because you can’t get your funding quick enough.
That doesn’t mean it’s time to give up! Once you present your project, the lender may offer some advice, but if they don’t there are some things you can do to make sure you have covered all the bases before your Arizona hard ... more

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