Address: 935 E Main St, Ste 102, Mesa, AZ 85203
The original Not So Hard MoneyTM Lender and the oldest private money lender in Arizona! For over 60 years their parent company, American Savings Life Insurance Company has been making Not So Hard Money loans. Since American Savings Life Insurance Company is the source of funds, their loans are funded, underwritten, and serviced by American Savings Life Insurance Company. "Not So Hard Money" loans are not sold on the secondary market.
Not So Hard MoneyTM Loan Details
- Asset based, direct lender
- Rates as low as 8.99%
- No pre-payment penalties
- Non-Recourse available
- 65% on general use properties & 55% on special use
- Loans amounts from $250,000 up to $3mm
- Terms: 5, 10, or 15yr balloon with 20-25yr amortization or 2yr interest only.
- Loans in AZ, CA, CO, ID, MT, NM, NV, OR, TX, UT, WA, & WY.
General Use Properties
Most office, warehouse, retail, auto-related, multifamily, & rental residential properties.
Special Use Properties
Single use or limited use such as restaurants, hospitality, schools, self-storage, RV/MH parks, etc.
Properties NOT Eligible
Bars, night clubs, raw land, owner occupied residential, gas station or any properties with USTS, churches, energy related properties, mines, or car washes.
Janice rabdolph says
Trying to get the backing I need to start flipping houses. I am reaching out for help in trying to get started. Need Helps