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Archive for December, 2011
After last weeks announcement we could still close hard money transactions prior to year end. We had a number of loans inspected and set for closing this week. As always there are no upfront fees/inspection fees, etc.. prior to closing. I’m commonly asked how we can close loans so quickly. First, we do not require appraisals; we personally inspect every property and put our value on the property. This can typically be done in less than a couple of days depending on our schedule. Second, Fairview is a direct lender that lends its own money. We are not brokers and do not have to rely on third parties to make decisions (note: when looking at hard money lenders in Denver and Colorado make sure you are dealing with a direct lender like Fairview as opposed to a broker that will promise the moon and string you along). Since Fairview is a direct lender that underwrites in house we can close your Denver hard money transaction and Colorado hard money transaction quickly. For more information please visit www.cohardmoney.com or call 303..459.6061 to talk directly with the underwriter.
I hope everyone has had a healthy and prosperous 2011. Fairview has closed hundreds of private/hard money loans this year both in Denver and throughout Colorado (below is just a small sample). Since Fairview is privately funded we are able to close loans quickly. All underwriting is done in house and we lend our own funds.
Due to our closing speed, there is still time to close your loan in 2011. Our process is simple. Call (303.459..6061) or e-mail me with details or fill out our one page application at www.cohardmoney.com .
There are no upfront fees or appraisals required. We can handle all credit situations since we underwrite on the property. We’ll give you an honest yes or no in 24 hours or less. Below are just a few of the hundreds of loan transactions we have funded.
. Denver, CO $250,000, warehouse. Borrower owned property free and
clear, he had cosigned on a loan with an associate and the transaction went south (took borrowers credit below 500), borrower needed funds quickly to take care of back taxes and credit card bills. Fairview funded a 5 year loan with no prepayment
. Englewood, CO $125,000, retail/office, Borrower needed working
capital funds quickly to buy merchandise for the holiday. Her current bank was unable to respond quick enough. Fairview closed the loan in under 10 days and gave the borrower a 3 year loan with no prepayment
. Evergreen, CO 205,000, single family home with acreage, borrower
owned a cabin on acreage near Evergreen. Borrower needed cash quickly to take care of other financial obligations. Borrower had credit in the low 400s. Fairview funded the 3 year loan in under a week
. Fort Collins, CO 175,000, single family investment townhome.
Borrower had negotiated a settlement with the IRS and needed funds quickly in order to obtain the discount. Fairview funded to loan and the borrower saved over 50,000 in fees/penalties
Above are just a few of the many hard money transactions we have closed in Colorado recently. We are able to fund on both investment single family homes as well as commercial properties. I look forward to assisting
you and your clients with their funding needs. Have a great Holiday
Season.
Regards,
Glen
Fairview has recently closed a number of Denver Hard Money and Colorado Hard Money transactions. Below are just a few of our recent closings:
1) Evergreen, CO: small cabin on large acreage, borrower owned free and clear, needed money in order to pay past due taxes and get caught up on other bills
2) Centennial, CO: free standing commercial building, borrower had credit issues due to some prior late payments, needed money for working capital and inventory, structured loan as a 5 year loan with no prepayment penalty
3) Englewood, CO: investment single family home, borrower had bought as an investment, needed funds to get property ready for new tenant
4) Broomfield, CO: investment town home, borrower’s credit poor due to messy divorce, needed funds to settle with a creditor for a discount
Above are just a few of the hundreds of loans Fairview has closed both in Denver and throughout Colorado. We are a local lender with extensive knowledge of both the Denver market and markets throughout Colorado. Fortunately there is still time to close your loan before year end. Call us today at 303…459..6061 or visit us at www.COHardMoney.com
