Colorado is different than many states on how Colorado property values are assessed. The assessments are done on a two year cycle, so the value we receive in May 11 will be based on sales from 1/1/09 to 6/30/10, the current taxes we are paying are last years taxes based on 08 to 6/09 sales. Many areas in Colorado did not see substantial property declines until late 09 and 2010 so therefore there has likely not been much impact on the tax bill for this cycle. Here is a link to a Denver Post Article that discusses this topic more: Property values lagging behind economic slump, assessors say
http://www.denverpost.com/news/ci_17223038#ixzz1CMNmvlKF
Fairview Lending is a private Colorado Hard Money lender. We make Private loans both in Denver and throughout Colorado. For more information please see: www.cohardmoney.com or call 303..459..6061
Recent Condo loans throughout Colorado
Traditional lenders are having a hard time funding condo loans in Colorado. Fannie/Freddie will no longer fund unapproved condo complexes (too high of a ratio of renters, nightly rental pools, etc…). Unfortunately most condos throughout the Colorado high country are no longer qualifying for traditional bank financing. Fairview is an alternative to traditional lenders. Fairview is different than other lenders. We strictly lend our own money and are not bound by traditional bank underwriting. We are able to lend up to 50% of the current value of a condo (first mortgage only) that is not a primary residence (second home, rental property, etc… qualify). We can lend in Denver and throughout the various ski resorts in Colorado (Vail, Breckenridge, Telluride, Crested Butte, Steamboat, Keystone, Aspen, etc…). There are no upfront fees. Fairview is a local direct lender. We have closed hundreds of condo loans throughout the state and look forward to closing your next Colorado condo loan. Please fill out our one page application at www.fairviewlending.com and/or call 303…459.6061 to discuss your particular loan scenario. More details can also we found on www.cohardmoney.com . When you call, you will talk directly to the lender and get an honest answer quickly.
Fairview has recently closed condo loans in Breckenridge, Telluride, Steamboat Springs, Vail, Aspen, Keystone, Basalt, Evergreen, Gunnison, Crested Butte, and everywhere in between. Fairview is a local lender and can fund your Colorado condo transaction quickly whether it is in the high country or Denver metro area. Fairview is also able to fund loans on non owner occupied single family home and commercial properties.
Colorado Private Lender: Recently closed loans
Many banks are no longer lending to borrowers without perfect properties, credit, income, etc… Even well qualified borrowers are having trouble getting loans from Banks in Denver and throughout Colorado. With all the doom and gloom in the economy, Fairview is still making Private loans/ hard money loans in Denver and throughout Colorado. Fairview is a specialist in lending both in Denver and the various resort areas throughout Colorado including: Aspen, Breckenridge, Keystone, Vail, Telluride, Crested Butte, and everywhere in between. Below are some of the recently closed Colorado hard money transactions:
Telluride Hard Money/ Telluride Private Money transaction:
- Borrower owned condo in Telluride, Colorado: investment property; not primary residence
- Self-employed borrower needed quick cash
- Unable to obtain conventional loan since he was self employed and not fully showing income after all the deductions
- Needed cash quickly for other ventures
- Fairview closed loan quickly without the drama of other lenders
Denver Hard Money/ Denver Private Money transactions:
- Non Owner single family home in Denver
- House presently listed for sale
- Borrower needed short term loan for other transactions
- Fairview closed the loan quickly to enable the borrower to take advantage of other opportunities
What properties can Fairview make a hard money loan on in Colorado?
Non owner occupied single family homes and income producing commercial properties (office, retail, and light industrial properties). More information on our hard money lending guidelines in Colorado: http://www.cohardmoney.com/lending.php
How can I learn more about Colorado hard money lending & Denver Hard Money Lending?
Fairview has multiple websites with an abundance of information on Colorado hard money loans and Colorado hard money lenders: www.cohardmoney.com
What areas can Fairview make loans in Colorado?
Fairview is a local Denver Hard Money Lender and Colorado hard money lender. We have made hard money loans throughout the state including: Vail, Aspen, Basalt, Carbondale, Glenwood Springs, Montrose, Grand Junction, Pueblo, Colorado Spring, Fort Collins, Denver, Evergreen, Conifer, and everywhere in between. Since we are local Colorado hard money lenders, we understand the various markets / submarkets throughout Denver and the state of Colorado. Call us locally to discuss your next Colorado hard money transaction: 303..459…6061
www.fairviewlending.com : General information on hard money lenders; hard money questions, and hard money information
www.cohardmoney.com: Denver Colorado hard money lenders and information about hard money lending in both Denver and throughout Colorado
www.georgiahardmoney.com: Atlanta Georgia hard money lenders and information about hard money lending in the Atlanta metro area