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Loan Origination Process

Want a term sheet or to start the application process? Submit a Loan Inquiry (free)
Typically loan can be originated in as little (after submitting a complete and accurate application package):
-Repeat GFL Borrowers   4-6 business days;
-New to GFL Borrowers   7-11 business days;
–Loan amounts over $650,000  10-20 business days.

May take longer if required documentation is not completed quickly by the borrowers or their agents or there are unusual property conditions or circumstances.

1 Submit Loan Inquiry (Borrowers)
Submit Loan Inquiry Form (click to start) – Provides basic information about the property to be purchased and the borrowers.
2. Term Sheet (Lender)
Lender sends an overview of the terms of a potential loan program (or loan programs) based on the information supplied in the Loan Inquiry.
3. Submit Complete Application Package (Borrowers)
Borrowers supply additional information regarding the project and borrowers.
4. Due Diligence and Doc Prep (Borrowers and Lender)
  • Lender meets with Borrower(s) at the property (or properties).
  • Borrower supply any additional information if needed (e.g. Potential structural issue – borrowers obtain structural engineer reports and contractor quotes).
  • Lender reviews the information and makes a loan commitment decision.
  • Lender sends draft loan documents.
  • Lender contacts settlement/title agent and hazard insurance agent regarded requirements and needed documentation.
5. Reviews Docs (Borrowers)
  • Borrowers review the draft loan documents and provide feedback for any typos or inaccuracies.
  • Borrowers assist Lender in getting required items from settlement/title agent and hazard insurance agent.
6. Closing/Loan Origination
Loan is originated through the cooperative efforts of the Lender, Borrowers, and the settlement/title agent.
The loan process may be halted and no loan provided if the loan is not approved or Good Funds Lending, LLC believes any of the following: (1) the likelihood of exit strategy issues are too great; (2) there is a misrepresentation; (3) Loan To Value ratios are insufficient; (4) the property or the borrowers are not qualified; or (5) other conditions and requirements are not met.
Commercial properties include multifamily of 5 or more units).
Typically loan can be originated in as little 10-20 business days (after submitting a complete and accurate application package).
May take longer if required documentation is not completed quickly by the borrowers or their agents or there are unusual property conditions or circumstances.
1 Request application package
Provide basic information about the property and loan preferences. Can be done by phone or a Online Loan Inquiry Form (click to start).
2. Lender sends application and requirement list
2. Lender sends application, requirement list, along with any remaining questions.
3. Submit Complete Application Package (Borrowers)
Borrowers application and required additional documents related to the property and borrowers.
4. Due Diligence and Doc Prep (Borrowers and Lender)

  • Lender meets with Borrower(s) at the property (or properties).
  • Borrower supply any additional information if needed (e.g. Potential structural issue – borrowers obtain structural engineer reports and contractor quotes).
  • Lender reviews the information and makes a loan commitment decision.
  • Lender sends draft loan documents.
  • Lender contacts settlement/title agent and hazard insurance agent regarded requirements and needed documentation.
5. Reviews Docs (Borrowers)
  • Borrowers review the draft loan documents and provide feedback for any typos or inaccuracies.
  • Borrowers assist Lender in getting required items from settlement/title agent and hazard insurance agent.
6. Closing/Loan Origination
Loan is originated through the cooperative efforts of the Lender, Borrowers, and the settlement/title agent.
The loan process may be halted and no loan provided if the loan is not approved or Good Funds Lending, LLC believes any of the following: (1) the likelihood of exit strategy issues are too great; (2) there is a misrepresentation; (3) Loan To Value ratios are insufficient; (4) the property or the borrowers are not qualified; or (5) other conditions and requirements are not met.
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.
Good Funds Lending, LLC provides short term hard money loans secured by investment properties only (not properties intended for personal, family or household use). Borrowers may not reside in the property.