Private Money411 Magazine - The Source for Real Estate Finance PRIVATE MONEY411 - BAMF | Page 13
N o t Y o u r A v e r a g e L e n d e r
A z t e c F i n a n c i a l
U n l e a s h e s
N E W P r o g r a m
Original Article by Tim Houghten,
Edited by Lori Peebles
He adds, “If you prefer to use your own rehab funds, then Aztec can do the loan
based on between 80% to 90% of the purchase price.”
Aztec Financial is not your average lender,
far too many lenders attempt to pass
themselves off as offering hard money or
investorfriendly loans, yet they don’t
understand the needs of property rehabbers.
Since 1987, the Californiabased Aztec has
not only offered real estate investors a lineup
of attractive programs, but it has designed
multiple, flexible and unique finance options
just for them.
C
urrently, Aztec Financial is unleashing new
programs with low or no moneydown
options; they also have a nopayment plan
that can provide maximum leverage for
more sophisticated rehabbers.
Founder Joel Hoffman explains, “We have a new
jointventure type loan program as well and we even do
second mortgages for creative investors. If the equity is
there, we may be able to include 100% of the purchase
price, and rehab funds.”
He adds, “If you prefer to use your own rehab funds,
then Aztec can do the loan based on between 80% to
90% of the purchase price.”
FAST FUNDING
Aztec Financial doesn’t just offer great loan programs,
but hyperefficiency too. Hoffman says one of the
reasons he believes the firm has survived and thrived
during many turbulent real estate cycles.
Investors can be confident in trying this lender out
because there are no upfront appraisal or broker fees.
Borrowers can also expect approvals in just 24 hours,
with closings possible in as little as three days. There is
no waiting and hoping, or gambling precious working
capital; investors get approvals fast, and close fast too.
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