Colorado Hard Money Lending Guide
Fairview Commercial Lending, with offices in Denver, Colorado, is different than banks and traditional lenders. We are privately funded and hold all loans in our portfolio. We solely lend our own funds and underwrite all deal in house. As a result, we can quickly close difficult Colorado hard money loans that most other lenders would turn down. Since we are local we understand the various submarkets throughout the state of Colorado and can structure the lending transaction to fit your specific needs.
HARD MONEY PROGRAM DETAILS
Borrowers
- Individuals, Corporations, Trusts, Estates LLC’s, Partnerships, etc.
- Credit Impaired
- No income verification
- Foreclosure Ok / Bankruptcy Ok
Properties
- Residential and Commercial Properties
- Commercial hard money property types: Mixed-Use, Office, Apartment, Retail, Light Industrial, Warehouse, Mini-warehouse, Others considered
- Residential hard money property types: strictly non-owner occupied
- Non-cash flow producing properties okay
- Owner occupied Commercial properties okay
Parameters
- Unlimited cash out for any reason – up to max LTV (60%)
- Borrow against properties listed for sale or currently in default
Portfolio Lender
- Creative approaches to Colorado Hard Money Lending
- In-house common sense underwriting
- Quick turn-around without the headaches of traditional lenders
- In depth knowledge of the various markets and submarkets throughout the state of Colorado
Loan Specifics
- Loan Amounts: 75k Up to $5m
- Loan to Value Max 60%
- Interest rates: flexible depending on LTV and collateral
- Points: Start at 2
- Loan Term: Flexible amortizations (Up to 30 years) and interest only
- Lien Position: First Only
- Prepay: Flexible
