Colorado Hard Money Loans – Lower Rates and Fees
- Fast! (originate in days or weeks, not months)
- Experience the benefits of dealing directly with a local private lender
- No application fee and no upfront lender fees (we/lender only receives fees if a loan is originated)
- No Prepayment Penalties (Pay interest for only the time used)
- We can look past temporary income or credit issues
- Business and Investment Properties (No owner-occupied residential)
Standard Colorado Hard Money Loan ProgramsUses: Bridge Loan (quick short financing) or Fix and Flip Loan
|Interest Rate*||Loan To Value**|
|-Single Family Detached: up to 70% of est. after repair value
-Condos & Townhomes: up to 65% of est. after repair value
|-Commercial (excluding Office): up to 65% of est. current market value
-Industrial: up to 60% of est. current market value
|-Investment residential: up to 70% of est. current market value
-Commercial (excluding Office): up to 55% of est. current market value
-Industrial: up to 50% of est. current market value
-Office: up to 45% of est. current market value
|-Investment residential: up to 50% of est. current market value
-Commercial (excluding Office) and Industrial: up to 45% of est. current market value
-Office: up to 35% of est. current market value
|-Investment residential: up to 30% of est. current market value
-Commercial and Industrial: up to 25% of est. current market value
* Interest is on a 360 day basis. You only pay for the days you use.
** Loan to value percentages based on Lender or loan servicer estimates of value. If purchasing and the net purchase price is less than the est. current market value, the net purchase price may be used for the est. current market value.
$1,000 Documentation Fees (only charged if the loan is originated)
Origination Fees with Standard Loan Programs:
2.00% for 6-month loans
2.25% for 9-month loans
2.50% for 12-month loans
3.00% for 18-month loans
Borrowers are responsible for all paying all title and 3rd party closing costs (e.g. title insurance, taxes, recording fees, HOA transfer fees, etc.)
Other Loan Programs
Only need a short loan? 30-day loan program with no prepayment and 1% origination fee (click for more info).
If there is a default, there may be additional interest, fees, and charges on any loan. Loan documents provides substantially more detail.
We look for triple win projects: Owner-borrowers profit; We profit; and a Colorado community wins. Colorado communities win through people investing in the community. In the case of commercial or industrial property, owners are often making a commitment to be part of community and/or investing in the property or business or preparing for a new business.
We are a private Colorado hard money lender. There are no 3rd party underwriters or fund investors (that can complicate or slow the process, or increase the costs).
Good Funds Lending, LLC is a transparent lower rates & fees asset-based private lender, or a “hard money lender”, that provides real estate bridge loans and fix & flip loans in the Denver Metro area (including Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, El Paso, Jefferson, Larimer counties).
|Bridge Loans||Fix And Flip Loans|
|Up to 3 years||Up to 360 days|
|No Experience Required||Relevant Experience May Be Required*|
If the improvements are only cosmetic and very minor, experience is not required. Experience may be past flips or special expertise (e.g. architect, licensed contractor, real estate agent, etc). There are capable first-time flippers. However, often experience lowers risks and our costs. Hence we can be flexible, quick, and have lower rates and fees.
|Denver Metro||Private Lending||Lower Rates & Fees|
|Denver Metro, Boulder and Colorado Springs Areas||Quick, simple and straight forward hard money lender (private lender) not a broker||Single private source of funds & low overhead|
We are a private lender seeking:
- To provide loans beneficial to the community, the borrowers, and Good Funds Lending, LLC
- Long-term relationships with ethical people
- Borrowers strategically using hard money, often because banks are too slow or unreasonable for the opportunity.
Hard money is not always the best solution. You should consider other options before using hard money.
Our Colorado hard money lending is aimed at helping smart and ethical borrowers.
See our Frequently Asked Questions Page.
Colorado hard money loans for single family, multi-unit residential (2-40 units), operating/occupied commercial , and operating/occupied industrial properties. We offer transparent lower fees and rates. Treating people well is important to us.
Colorado is a wonderful place to live and do business. We are happy to be a part of the Denver metro business community.
What is a Hard Money Loan?
The hard money loan process is often much easier and faster than a bank (days or weeks rather than months). This is because hard money lenders are typically not concerned with income, etc., and all the related documentation and verification.
Interest rates (and/or APRs) are typically, but not always, higher with hard money lenders compared to banks.
People use hard money loans when:
- A bank is too slow, and the deal or situation requires quick funding.
- A bank will not loan because of an income or credit issue.
Income and credit issues may have no bearing on repayment. Often borrowers pay off hard money loans when the borrowers sell real estate. Sometimes borrowers pay off hard money loans when a bank provides a long-term loan. Loans that fill the gap until a bank provides long-term loans are often called “bridge loans”.