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.
Condo loans throughout Colorado
Currently there is a shortage of lenders able to loan on condos in Colorado. 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.
Denver Hard Money Lenders
I am commonly asked how does a borrower go about selecting a Denver hard money lender? This can be a tricky task in today’s economy. There are many folks on the internet claiming to be a Denver hard money lender that are actually brokers or loan arrangers. The questions to ask are as follows:
1) Do you fund with your own capital? Fairview strictly lends its own money
2) Are you local? Fairview has an office in Denver and can be reached at 303.459.6061
3) Are there upfront fees? Fairview does not charge any upfront fees
4) Have there been complaints against the lender? Google the lenders name and see what comes up, look at various message boards, etc…
5) Does the lender actually fund loans? Talk with the lender and ask them about their recent fundings. It is also a good idea to physically meet the lender.
6) Can you talk with the decision makers? Fairview makes all decisions in house and performs its own property inspections. We live in Denver and understand Denver hard money and hard money transactions throughout Colorado
7) Does the deal sound too good to be true? Do you for example have a 580 credit and a lender offering you a 3% non-recourse loan?
Fairview Lending is a direct Denver hard money lender and Colorado hard money lender. There are no upfront fees or games. We strictly lend our own money and close loans quickly. More information can be found at www.cohardmoney.com, or for Georgia hard money: www.georgiahardmoney.com, or for more info on hard money lending: www.fairviewlending.com