Colorado Hard Money Fix and Flip Loan Programs

Want a term sheet or to start the application process? Submit a Loan Inquiry (free)
Investment Residential:
No Upfront Fees; No Appraisal;  No application fees;  No fees to us, unless we originate the loan
The only 3rd party costs we commonly require the borrowers to incur before we make loan commitment decision are:
  – Sewer Scope Report from a qualified and reputable company (Required if the property has a certain profile or is in an area with known issues)
  – Mitigation or abatement assessments from a qualified and reputable company (Only required if there is a perceived potential complicated issue [e.g. structural issue, asbestos, roof issue, etc.])

Commercial and industrial properties may require appraisals and are determined on a case by case basis.

Flip Hard Money Loan Programs

 

Fix & Flip 12%

Bridge or Flip 9%

Bridge or Flip 8%

Bridge or Flip 6%

 Rehab Funds OptionNo Rehab FundsNo Rehab FundsNo Rehab Funds
Loan Amount$80,000 – $650,000$100,000–$700,000 : Single Family Residential
$100,000-$2,000,000 : Multifamily, Commercial, and Industrial
$100,000–$700,000 : Single Family Residential
$100,000-$2,000,000 : Multifamily, Commercial, and Industrial
$100,000–$700,000 : Single Family Residential
$100,000-$2,000,000 : Multifamily, Commercial, and Industrial
Interest Rate12% (360 day basis)9% (360 day basis)8% (360 day basis)6% (360 day basis)
Prepayment PenaltyNoneNoneNoneNone
Origination Fee2.00% for 6-month loans
2.25% for 9-month loans
2.50% for 12-month loans
3.00% for 18-month loans
2.00% for 6-month loans
2.25% for 9-month loans
2.50% for 12-month loans
3.00% for 18-month loans
2.00% for 6-month loans
2.25% for 9-month loans
2.50% for 12-month loans
3.00% for 18-month loans
2.00% for 6-month loans
2.25% for 9-month loans
2.50% for 12-month loans
3.00% for 18-month loans
Appraisal RequiredNone, unless industrial or commercial propertyNone, unless industrial or commercial propertyNone, unless industrial or commercial propertyNone, unless industrial or commercial property
Maximum Loan Ratios-Single Family Detached: up to 70% of est. after repair value
-Condos & Townhomes: up to 65% of est. after repair value
Investment residential property: up to 70% of the estimated current market value.
Other property type LTVs vary (see more details)
-Investment residential: up to 50%
-Commercial (excluding Office) and Industrial: up to 45%
-Office: up to 35%
(see more details...)
-Investment residential: up to 30%
-Commercial and Industrial: up to 25%
(see more details...)
Application Fee$0$0$0$0
Lender Upfront FeesNoneNoneNoneNone
Maximum Funds Toward Purchase*Up to 80% of est. current market valueInvestment residential property: up to 70% of the estimated current market value.
Other property type LTVs vary (see more details)
-Investment residential: up to 50%
-Commercial (excluding Office) and Industrial: up to 45%
-Office: up to 35%
(see more details...)
-Investment residential: up to 30%
-Commercial and Industrial: up to 25%
(see more details...)
Term Length Options6 months
9 months
12 months
18 months
6 months
9 months
12 months
18 months
6 months
9 months
12 months
18 months
6 months
9 months
12 months
18 months
Regular Monthly Payments Due1% of Initial Principal
Due the last day of each calendar month
First month's interest is typically prepaid at closing.
0.75% of Initial Principal
Due the last day of each calendar month
First month's interest is typically prepaid at closing.
0.67% of the Initial Principal (e.g. $100,000 loan has a monthly payment of $670)
Due the last day of each calendar month
The first month's interest is typically prepaid at closing.
0.50% of the Initial Principal (e.g. $100,000 loan has a monthly payment of $500)
Due the last day of each calendar month
The first month's interest is typically prepaid at closing.
Draw Request Fee (Only for loans with Rehab Draw Accounts)$125Not ApplicableNot ApplicableNot Applicable
Default Rates/Fees/PenaltiesDescribed in loan documentsDescribed in loan documentsDescribed in loan documentsDescribed in loan documents
 More Details…More Details…More Details…More Details…

*Loan to value ratios may vary by the type of property (e.g. SFR, Townhome, Multifamily, Industrial, Office, Retail), loan type (purchase vs refi), seller relationships, and the size of the loan. Purchase price refers to the net purchase price as determined by the contract price for the property less any concessions, payments or fees paid by the seller.
The borrower will need additional funds during the loan to pay for items including without limitation taxes, utilities, insurance, property maintenance and cleaning expenses, staging expenses, cost overruns, other expected or unexpected expenses, and all repair/rehab costs. In the event of default, there may be additional fees for administrative, collection, legal, insurance, lien payoff, or other expenses. More detail provided in loan documents.

This website contains general loan guidelines. This website does not provide loan offers. Loan documents contain a complete set of terms and conditions for a loan. Terms may vary by properties and borrowers. See the Terms of Use and F.A.Q. for important information. Good Funds Lending, LLC provide hard money loans for investment properties in the Denver, Boulder and Colorado Springs areas.

Additional Notes

Estimated values, estimated costs or other judgments related to similarity referred to above are based on our (Lender's) estimates and opinions. We typically estimate market value of properties based on what we believe will be a price likely to produce a sale within 90 days.
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.
We are a hard money lender that that is easy to work with and talk to. Please contact us about your Colorado hard money questions.

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.
We provide short term hard money loans (aka Colorado bridge loans) secured by investment and commercial properties only. Borrowers nor their family may not reside in the property (or use the property for personal, family, or household use).