The business started by making hard money loans to friends. We realized quickly making loans with low rates and fees compared to other Colorado “hard money” lenders could benefit many borrowers.
We are a private Colorado hard money lender. Common-sense underwriting, quick loans, and transparency in rates and fees making Good Funds Lending, LLC the clear choice. There are real advantages to using a private local lender. 3rd party underwriters or fund investors can complicate or slow the process and be more expensive. Because we are local and private we are personal, fast, nimble, and direct.
We provide loans secured by investment or business real estate (no owner-occupied homes) in the Denver, Boulder, Colorado Springs, and Fort Collins metro areas. We invite borrowers to compare our lower rates and fees with other hard money lenders.
It is important to us to act ethically and we provide loans with the goal to help others be successful in their real estate investments. We encourage borrowers to explore their options (including traditional bank and credit union loans, home equity loans, friends & family loans, Self-Directed IRAs, etc.). We believe our rates to be lower than other Colorado hard money lenders, but frequently more expensive than banks. People often take bridge loans because they need the funds quickly. An opportunity may disappear if they do not act quickly. Partner buy-out time limits. Sellers may take other offers. Price may go up. The sale may be canceled. People may need money to avoid other consequences. People need money to avoid default, forfeiture, credit damage, lawsuits, etc. Often the advantages of a quick bridge loan far outweigh the costs.
Please make sure you have the discipline, experience, knowledge, and funds to make your project successful before borrowing money. Because we endeavor to not take over properties, we only lend to borrowers who believe will succeed and make money. That is the primary reason we are concerned with borrowers’ exit strategies and knowledge.
Please see our Frequently Asked Questions page and Loan Programs page for more information.