Colorado Hard Money 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

In fact the only 3rd party costs we commonly require the borrowers to incur before we make loan commitment decision are:
  – Sewer Scope Report from an qualified and reputable company (Required if the property has a certain profile or is in 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.

Hard Money Loan Programs Overview

 

Bridge or Flip 9%

Fix & Flip 12%

Short Bridge

Bridge

  No Rehab Funds Rehab Funds Option 30 days
+Up to five 30 day extensions
Custom – Call (303) 500-3288
Up to 3 Years
Loan Amount $100,000–$700,000 : Single Family Residential
$100,000-$2,000,000 : Multifamily, Commercial, and Industrial – $650,000
$80,000 – $650,000 $100,000 – $2,000,000 $100,000–$2,000,000
Interest Rate 9% (360 day basis. Only pay for the days used.) 12% (360 day basis. Only pay for the days used.) 1% Per 30 days 6% - 12% per 360 days (depends on loan-to-value ratio, property, loan length, and borrowers)
Origination Fee 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
1%  1% - 4% (depends on loan-to-value ratio, property, loan length, and borrowers)
Documentation Fees (only charged if the loan is originated) $1,000 $1,000 $1,000 $1,000
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 Investment residential property: up to 70% of the estimated current market value.
Other property type LTVs vary (see more details)
-Single Family Detached: up to 70% of est. after repair value
-Condos & Townhomes: up to 65% of est. after repair value
Up to 70% of lower of est. current value or purchase price for single family detached or 1-4 unit attached residential Up To 70% for investment residential and up to 65% for other listed real estate types (depends on property, loan length, and borrowers; and impacts interest rate)
Application Fee $0 $0 $0 $0
Lender Upfront Fees None None None None
Maximum Funds Toward Purchase* Investment residential property: up to 70% of the estimated current market value.
Other property type LTVs vary (see more details)
Up to 85% of est. current market value Up to 70% of lower of est. current value or purchase price for single family detached or 1-4 unit attached residential Up To 70% for investment residential and up to 65% for other listed real estate types (depends on property, loan length, and borrowers; and impacts interest rate)
Term Length Options 6 months
9 months
12 months
18 months
6 months
9 months
12 months
18 months
30 days
+Up to five 30 day extensions
2 days to 3 Years
Minimum Interest Period 1 day 1 day 1 day 1 day
Prepayment Penalty $0 $0 $0 $0
Regular Monthly Payments Due 0.75% of Initial Principal
Due the last day of each calendar month
First month's interest is typically prepaid at closing.
1% of Initial Principal
Due the last day of each calendar month
First month's interest is typically prepaid at closing.
$0 Typically 30 days of Interest On Initial Principal
Draw Request Fee (Only for loans with Rehab Draw Accounts) Not Applicable $125 Not Applicable Not Applicable
Default Rates/Fees/Penalties Described in loan documents Described in loan documents Described in loan documents Described in loan documents
Loan Type Hard Money (Asset Based) Hard Money (Asset Based) Hard Money (Asset Based) Hard Money (Asset Based)
  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).