Question 1

Can you lend on more than one property?

Accepted Answer

Yes – commonly referred to as “Blanket Loans” we have done as many as 30 properties under 1 loan – big cost savings for the borrower

Question 2

Can you lend to a business entity (LLC)?

Accepted Answer

Yes, an entity can sign as the borrower on any of our “hard Money” loans.
Non-Prime / Sub-prime loans require an individual to sign.

Question 3

Does A&A Funding lend in other states beside Arizona?

Accepted Answer

No – we are licensed in AZ only.

Question 4

Can I pay down the principle balance of a loan?

Accepted Answer

Up to 3years interest only, or 8 years for amortizing loans ( P+I loans)

Question 5

Do you lend on Raw Land?

Accepted Answer

Yes – Residential or Commercial zoned.

Question 6

Do you lend in rural areas like Prescott, Payson or Pine Top?"

Accepted Answer

Yes.

Question 7

Do you lend on Mobile Homes?

Accepted Answer

Yes – Generally with Hard Money & “Affidvait of Affixture” filed with the county is required.

Question 8

Do your loans have a pre-payment penalty?

Accepted Answer

Full-Term loans on primary residence properties will not have any pre-payment penalty. Private / Hard Money loans will have an “Interest Gaurantee” that will drop of after 3-6 payemtns depending on the loan program.

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