Address: 8655 East Via De Ventura, Suite G-170, Scottsdale, AZ
States They Lend In: Arizona
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 an efficient and economical manner. A relationship with the right hard money lenders can make all the difference in the outcome of any given investment. Give us a call and we will show you how.
At Scottsdale Private Lending, we underwrite and close quickly, understanding that speed and efficiency, along with reliability, are critical to the success of our borrowers. We are not credit score driven as in the case of banking institutions and our common sense underwriting is based on the experience and integrity of the borrower and the value of the underlying real estate.
◾Loan terms range from 6 months to 5 years
◾Loan programs with and without prepayment penalties
◾Loan sizes from $75,000 up to $25,000,000
◾Flexible borrowering structures including LLCs, partnerships, trusts, Canadian/foreign nationals
◾No restrictions on the number of properties owned or financed
◾Interest only or amortized payment schedules
Below we have illustrated in more detail the types of loans provided at Scottsdale Private Lending.
Commercial Real Estate
We fund a myriad of existing commercial real estate properties including office, retail, industrial, multifamily, both investment and owner/user scenarios. This includes stabilized property, mismanaged, vacant, turnaround situations, and transitional properties.
Scottsdale Private Lending can quickly navigate through the most challenging projects. This can include funding subdivision improvements, both onsite and offsite. We can fund the project from beginning through vertical construction, which can include entitlements, engineered paper lots, finished lots to model or spec homes. Simply put, we understand this type of lending and can help the borrower get their project out of the ground and on its way to making money.
Residential Real Estate (Investment Only)
We can fund second homes, or investment 1-4 residential properties with no restrictions as to the number of currently owned properties held by borrower. We can also provide holdbacks for minor repairs to complete renovations. Financing can be provided for purchase or refinance, including cash out.
Scottsdale Private Lending has many years experience in this type of lending, which translates to a complete understanding as the challenges that come with owner builder financing , repurpose, build to suit and spec construction. We can help eliminate the bottlenecks that can come with dealing with multiple draw construction loans, complicated budgets, on-site inspections or broken priority construction loans.
Fix and Flips
This shorter term interim financing of fix and flips can range from a simple budget of paint and carpet, to an extensive remodel that takes the home or commercial building down to the studs or includes a major room or entire wing addition. We can customize a term of varying length depending on the complexity of the project, and of course will oversee and disburse all monies with a draw system that makes sense and satisfies all trades involved, namely getting them paid quickly when the work is done. When there are several major subcontractors involved, we will typically write two (2) party checks for additional security.