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 circumstancesThe 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
-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 circumstancesThe 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.
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.
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.
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.
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).