Denver Colorado Hard Money Loan Programs (Custom Available)
|No Rehab Funds|
(loans with longer terms available)
|Rehab Funds Option|
No Monthly Payment
|No Rehab Funds|
+Up to five 30 day extensions
|Custom – Call (303) 500-3288|
Up to 3 Years
|Loan Amount||$100,000 – $650,000||$80,000 – $650,000||$100,000 – $2,000,000||$100,000 – $2,000,000|
|Interest Rate||9%||12%||1% Per 30 days||Call|
|No Prepayment Penalty||No Prepayment Penalty||No Prepayment Penalty||No Prepayment Penalty||Call|
|Lender Upfront Fees||None||None||None||Call|
|Appraisal Required||None, unless industrial or commercial property||None, unless industrial or commercial property||None, unless industrial or commercial property||None, unless industrial or commercial property|
|Maximum Loan Ratios||Up to 70% of estimated current value |
If purchasing up to 70% of the lower of the net purchase price or estimated current market value
|Up to 70% of est. after repair value for single family detached property|
Up to 65% of est. after repair value for condos & townhomes
|Up to 70% of lower of est. current value or purchase price for single family detached or 1-4 unit attached residential||Call|
|More Details…||More Details…||More Details…||Call (303) 500-3288|
If there is a default, there may be additional interest, fees, and charges. Loan documents provides substantially more detail.
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 loan 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 unreasonalbe 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.