Colorado Hard Money Loans – Lower Rates and Lower Fees – Colorado Bridge Loans
We provide short term loans (aka “bridge loans“) for commercial properties and investment residential (including Fix & Flip loans, Fix & Rent).
Nimble, quick, and reasonable
Standard Bridge Loan / Hard Money Loan Programs
- No application fee and no lender up front fees (we/lender only receives fees if loan is originated)
- No Prepayment Penalties (Pay interest for only the time used)
|Interest Rate||Loan To Value*|
|12% (360 day basis)||-Single Family Detached: up to 70% of est. after repair value
-Condos & Townhomes: up to 65% of est. after repair value
|10% (360 day basis)||-Commercial (excluding Office): up to 65%
-Industrial: up to 60%
|9% (360 day basis)||-Investment residential: up to 70%
-Commercial (excluding Office): up to 55%
-Industrial: up to 50%
-Office: up to 45%
|8% (360 day basis)||-Investment residential: up to 50%
-Commercial (excluding Office) and Industrial: up to 45%
-Office: up to 35%
|6% (360 day basis)||-Investment residential: up to 30%
-Commercial and Industrial: up to 25%
*Loan to value percentages in the above table, unless stated otherwise, are relative to the estimated current market value, or if purchasing the lower of the net purchase price or estimated current market value.
There is a $1,000 Documentation Fees To Good Funds Lending, LLC (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. 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: borrowers profit; We profit; and a Colorado community wins. Colorado communities win through people investing in property. Often this means improving property in disrepair. In the case of commercial or industrial property, new owners are investing in the property.
Colorado hard money without 3rd party underwriters or fund investors that can complicate or slow the process, or increase the costs.
Good Funds Lending, LLC is an 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 Often Required*|
* If the improvements are only cosmetic and very minor, then experience may not be required. Otherwise, experience may be past flips or special expertise (e.g. architect, licensed contractor, or real estate agent, etc). There are capable first-time flippers. However, often experience lowers risks.
Loan to value (LTV) is a primary consideration for this Colorado hard money lender, but it is not the only criteria. Borrower qualifications (e.g. experience, real estate knowledge, criminal history etc.) are also considered.
|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 and credit unions are too slow or unreasonable to capitalize on an opportunity.
Hard money is not always the best solution. You should consider other options before using hard money.
Our Colorado hard money business is aimed at helping smart and ethical borrowers, where our borrowers use our hard money loans only when appropriate and as a part of their financing strategy.
Answers to frequently asked questions regarding Good Funds Lending, LLC and Colorado hard money loans are available on 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 in the Denver Metro Area (residential properties must be non-owner occupied).
Colorado is a wonderful place to live and do business. We are happy to be a part of the Denver business community.