What is a hard money loan in Arizona?

A hard money loan in Arizona is a short-term, asset-based loan secured by real estate — not your credit score. Grand Funding evaluates the property value and your exit strategy, not your tax returns or employment history. This makes it ideal for Arizona investors who need fast financing for fix & flip, bridge, or construction projects.

How fast can I get a hard money loan in Arizona?

Arizona hard money loans can be approved within 24 hours and funded within 3-5 business days. Grand Funding provides decisions upon receipt of a complete application. For straightforward deals, we've closed in as little as 48 hours.

What Arizona cities does Grand Funding serve?

Arizona coverage spans the full state: Phoenix, Scottsdale, Tempe, Mesa, Gilbert, Chandler, Glendale, Peoria, Surprise, Tucson, Flagstaff, Sedona, Payson, Prescott, Yuma, and Lake Havasu City.

What is the minimum and maximum loan amount in Arizona?

Grand Funding offers Arizona hard money loans from $70,000 to $5,000,000. This range covers single-family fix & flips, small commercial deals, multi-family, and large construction projects.

Do I need perfect credit to get a hard money loan in Arizona?

Credit is considered but is not the primary qualifying factor. Grand Funding focuses on the property's value, your equity position, and your exit strategy. Arizona borrowers with credit scores as low as 550 may qualify depending on the deal structure.

What is the maximum CLTV for Scottsdale second position loans?

We typically go up to 75% Combined Loan-to-Value. If your first mortgage is at 50% LTV, we may lend up to 25% in second position.

When does a second position beat a cash-out refi in Scottsdale?

When your first mortgage has a rate below 5-6%, refinancing in today's environment destroys the economics. A second position loan preserves the first and accesses equity on just the incremental balance.

SCOTTSDALE · 2ND POSITION LOAN

Scottsdale 2nd Position Loans

Keep your low-rate first. Add a junior lien up to 75% CLTV. Funds in 7-10 days. Better than refinancing if your first is sub-5%. Funding Scottsdale investors from North Scottsdale, Old Town, Paradise Valley, McCormick Ranch and across Arizona.

Call Logan: (602) 935-0371 Get Pre-Approved →

2nd Position Loans built for Scottsdale investors

Scottsdale's luxury property values have created significant equity positions for long-term investors and fix-and-flip operators. A second position loan lets you access that equity without disturbing your existing low-rate first mortgage — ideal for Scottsdale investors who locked in rates before 2022.

Market context: Scottsdale luxury properties routinely carry 40–60% equity for investors who bought pre-2022. A second position loan unlocks that equity at a fraction of the cost of a full cash-out refinance.

Who this loan is built for

Investors who have a low-rate first mortgage they don't want to touch, but need capital for a next deal, renovation, or bridge transaction. Common Scottsdale use cases include down-payment funding for the next acquisition, renovation capital, and bridge financing.

Loan terms at a glance

→ Loan range: $70K-$2M
→ Rate from: 11.99%
→ Maximum LTV/ARV: 75% CLTV
→ Term: 12-24 months
→ Approval: 24-hour term sheet
→ Funding: 3-5 business days standard
→ Income docs: None required (asset-based)
→ Coverage: Statewide in Arizona, including Scottsdale

Common questions from Scottsdale investors

What is a second position loan?

A second position loan (also called a second mortgage or junior lien) sits behind your existing first mortgage. It lets you access your equity without disturbing your low first-rate loan.

What's the maximum CLTV?

We typically go up to 75% Combined Loan-to-Value. So if your first mortgage is 50% LTV, we may lend up to 25% in second position.

How fast can I fund a second position loan?

7-10 business days is typical — slightly longer than first-lien deals due to subordination review with your first-lien lender.

When does a second position beat a cash-out refi?

When your first mortgage has a rate below 5-6%, refinancing destroys the economics. A second position loan lets you keep the first and access equity on just the incremental amount.

What Scottsdale properties qualify for a second position loan?

Most Scottsdale residential and investment properties qualify — single-family, townhomes, condos, and small multi-family. We evaluate CLTV and exit strategy, not just credit.