The #1 Denver Hard Money Lender
(A+ Rated with BBB | Hundreds of Closed Loans | Direct Lender)
How to find the lowest rate for a hard money lender in Denver Colorado
- RATES STARTING AT 6.99%*+ ON HARD MONEY LOANS,
- 4.25%+ ON RENTAL INVESTMENT LOANS,
- AND 6.99%+ ON FIX AND FLIP LOANS!
- LOW ORIGINATION FEES STARTING AT 1.50% (can be reduced with a rate adjustment)
- 1-3 YEAR TERM INTEREST ONLY
- 30 YEAR TERM AVAILABLE ON RENTAL PROPERTY LOANS
- UP TO 80% LTV!
- UP TO 90% LTC!
- NO PREPAYMENT PENALTY*
- QUICK & EASY CLOSINGS IN LESS THAN 7-10 DAYS
- NO VERIFIED INCOME DOCS REQUIRED OR TAX RETURNS NEEDED
- MINIMUM LOAN AMOUNT OF $100,000 UP TO 25 MILLION
- LENDING AVAILABLE NATIONWIDE ON COMMERCIAL & SINGLE FAMILY NON-OWNER-OCCUPIED PROPERTIES
The #1 Hard Money Lender in Denver
The real estate market in Denver can be highly competitive and prices can vary significantly depending on the location. Some neighborhoods and cities within the Denver metropolitan area may be more attractive for real estate investment due to factors such as their location, local amenities, income levels, demographics, and potential for appreciation.
Here are some of the top rated cities and neighborhoods to consider for real estate investment in Denver:
- RiNo (River North): Located in the north part of the city, RiNo is a popular neighborhood for young professionals and has a high demand for rental properties. The area is known for its art galleries, breweries, and restaurants.
- LoHi (Lower Highland): Located in the northwest part of the city, LoHi is a popular neighborhood for young professionals and has a high demand for rental properties. The area is known for its local shops, restaurants, and nightlife.
- Five Points: Located in the north part of the city, Five Points is a diverse neighborhood with a mix of residential and commercial properties. The area has a high demand for rental properties and is popular with young professionals and families.
- Capitol Hill: Located in the center of the city, Capitol Hill is a popular neighborhood for young professionals and has a high demand for rental properties. The area is known for its local shops, restaurants, and nightlife.
- Washington Park: Located in the south part of the city, Washington Park is a popular neighborhood for families and has a high demand for rental properties. The area is known for its park and recreation opportunities.
- Cherry Hills Village: Located in the south part of the city, Cherry Hills Village is a wealthy suburb known for its large, expensive homes. The median home value in Cherry Hills Village is $1.8 million.
- Greenwood Village: Located in the south part of the city, Greenwood Village is a wealthy suburb known for its large, expensive homes. The median home value in Greenwood Village is $1.4 million.
- Littleton: Located in the south part of the city, Littleton is a suburb known for its large, expensive homes. The median home value in Littleton is $1.3 million.
- Englewood: Located in the south part of the city, Englewood is a suburb known for its large, expensive homes. The median home value in Englewood is $1.2 million.
- Lakewood: Located in the west part of the city, Lakewood is a suburb known for its large, expensive homes. The median home value in Lakewood is $1.1 million.
One major point to consider when investing in real estate in Denver is rent growth. Rent Growth is the increase in rental prices which generates cash flow as a real estate investor.
According to recent data, some of the areas in Denver with the highest rent growth in recent years include:
- RiNo (River North): Located in the north part of the city, RiNo has seen a 13.9% increase in rent over the past year, making it a popular choice for young professionals.
- LoHi (Lower Highland): Located in the northwest part of the city, LoHi has seen a 13.8% increase in rent over the past year, making it a popular choice for young professionals.
- Five Points: Located in the north part of the city, Five Points has seen a 13.2% increase in rent over the past year, making it a popular choice for young professionals and families.
- Capitol Hill: Located in the center of the city, Capitol Hill has seen a 12.9% increase in rent over the past year, making it a popular choice for young professionals.
- Washington Park: Located in the south part of the city, Washington Park has seen a 12.5% increase in rent over the past year, making it a popular choice for families.
It is important to note that rent growth can vary significantly depending on the specific property and location, and it is not guaranteed. Once you have found the right property in the correct location you will need to obtain a reliable and cost-effective source of financing for the project.
If you are looking for a Denver private money lender who can offer low rates, close quickly, and not require any income docs or a minimum credit score then Capital Funding Financial is the perfect hard money lender in Denver for you.
Capital Funding Financial specializes in asset based private money loans on non-owner-occupied investment properties nationwide particularly in states such as Denver. Capital Funding Financial is backed by a Family Office with over 1,000 Single Family Developments built across the United States and over 250 million deployed in loans.
If you are a real estate investor, developer, mortgage broker, or individual in Denver who needs a FAST, RELIABLE, & HONEST PARTNER for rental investment, commercial, or multi-family properties… Contact us today for a complimentary consultation.
We would like to provide you a pre-approval letter and soft quote for your particular scenario.
APPLY NOW & GET PRE-APPROVED TODAY
FAQ’S
What is a hard money loan?
A hard money loan is a loan based primarily on the value of the property and not on the income or credit of the borrower. Where asset-based lenders aka hard money lenders in Denver focus primarily on the value of the asset used as collateral for the loan traditional banks and lenders focus chiefly on the credit and income of the borrower in making their decision on whether to extend credit. Furthermore, where traditional loans are generally for 15–30-year durations, hard money loans are used as a temporary alternative (1–3 years usually) as a bridge to acquire a property, rehab, stabilize it, and have it ready to be sold or refinanced. Hard money loans are provided to all asset classes ranging from commercial, retail, office, industrial, multi–family, or single-family residential homes. Hard Money loans are similar to loans on chattel in other countries but in the US they are primarily associated with real estate loans based primarily on the asset value.
Why choose a Denver hard money loan over a conventional loan?
(1) Quick Funding– conventional banks take the absolute minimum of 30-45 days to finance an individual family residential loan and anywhere between 60–90 days to finance a commercial loan. Whereas a Denver hard money loan by Capital Funding Financial is generally funded within 5-10 days.
(2) The Property Needs Work– due to the conventional bank‘s very conservative underwriting guidelines, most will not lend on properties needing repair. However, a private money lender will be happy to loan on a property that either lacks cash flow or needs upgrades.
(3) Not based on credit or income– Traditional banks rely heavily on a borrower’s credit score, reported income, and the borrower’s ability to repay the debt. As a result, traditional banks turn down even strong income borrowers such as doctors, lawyers, and solicitors who have high incomes but also have a lot of debt. So, there is a key role that private lenders such as Capital Funding Financial play in lending to borrowers based on the asset value versus the debt to income of the individual borrower.
What type of properties qualify for Hard Money Loans?
- Single Family (Investment)
- Duplex, Triplex, Quadplex
- Large Developments
- Condo Conversions
- Multi-Family Properties
- Mixed-Use Properties
- Commercial Properties (Office, Retail, Industrial)
How long is the term of the hard money loan?
Typically, hard money loans or bridge loans are 12 months. However, Capital Funding Financial offers hard money loans for up to 36 months (24-month term with up to a 12 month extension).
How fast can hard money loans close?
In some cases, Capital Funding Financial can close within 48 hours where title, valuation, and insurance are in place! The average turnaround time is 3 to 7 business days.
How can I qualify for a hard money loan?
Simple… you just need equity in your property if you are refinancing OR if you are purchasing you will need to put down at least 15 – 20%. It is common practice to have a entity to purchase the property in to ensure it is for “business/commercial purpose.”
Are Hard Money Loans a Good Idea?
Yes… hard money loans allow real estate investors the flexibility to close quickly without having to go through a long and extensive underwriting process.
How do Hard Money Loans Work?
Hard money loans focus solely on the ratio of the loan amount to the value of the property. The higher the leverage the more the risk, whereas the lower the leverage the safer the transaction.
What is the average interest rate on hard money loans in Denver?
Most hard money loans range from 10% – 12% interest rates. However, Capital Funding Financials’ hard money loan rates in Denver start at 6.99%.
Do hard money lenders require a down payment?
On purchase transactions, yes. At least 10% is required.
WHAT LOAN DOCUMENTATION DO YOU NEED TO QUALFY FOR A HARD MONEY LOAN IN DENVER?
For Purchase Transactions:
- Loan Application & Disclosures
- Driver’s License or Passport (ITIN number if you are a Foreign National)
- Purchase Agreement and any addendum(s)
- Proof of Earnest Money Deposit with check or wire receipt
- 2 Months Bank Statements to show the necessary cash to close and liquidity
- Entity Docs – Articles of organization, Operating agreement or Bylaws, EIN #, CDD Form, Corporate Resolution
- ACH Setup Form
- Title Commitment, Survey, HOA/Condo Questionnaire (if applicable), E&O, Wire Instructions, Confirmation of GAP Coverage, CPL, Draft Deed, HUD
- Evidence of Insurance – RCE/Insurable Value Required for Dwelling Coverage and 6 Months Loss of Rent Coverage
- Appraisal Payment (Appraisal or BPO to be Ordered by Capital Funding Financial) – If you need to rush we can waive this condition if the equity is there!
- Lease Agreement (if applicable)
For Refinance Transactions:
- Loan Application & Disclosures
- Driver’s License or Passport (ITIN number if you are a Foreign National)
- Payoff Statement or Mortgage Statement (if applicable)
- 1 Months Bank Statement to show current liquidity
- Entity Docs – Articles of organization, Operating agreement or Bylaws, EIN #, CDD Form, Corporate Resolution
- ACH Setup Form
- Title Commitment, Survey, HOA/Condo Questionnaire (if applicable), E&O, Wire Instructions, Confirmation of GAP Coverage, CPL, HUD
- Evidence of Insurance – RCE/Insurable Value Required for Dwelling Coverage and 6 Months Loss of Rent Coverage
- Appraisal Payment (Appraisal or BPO to be Ordered by Capital Funding Financial) – If you need to rush we can waive this condition if the equity is there!
- Lease Agreement (if applicable)
HOW LONG DOES THE HARD MONEY LOAN PROCESS TAKE TO CLOSE IN DENVER?
Once we have received the Appraisal, Title Commitment, and Insurance we will the loan to Final Underwriting. Upon review of the loan file by our Underwriter, we will submit to Legal for Loan Documents pending any Clear to Close Conditions.
At Capital Funding Financial, we close loans in 1/3 of the time it takes to close a conventional mortgage loan! Our quick and easy loan process eliminates the stress and hassle that has plagued the mortgage lending industry for years. You will be able to leverage your capital, grow your portfolio, and enjoy better cash flow using Capital Funding Financials’ Denver hard money loan program!
“Hard Money Lender Denver Colorado”
We provide hard money loans throughout the Denver Metropolitan Statistical Area (MSA) as well as Denver, and many other cities in Colorado.
If you’re in need of a hard money loan for a rehab project, fix & flip, or rental investment loan, please contact us today at 954-320-0242 or toll free at 1–866–695–0092 or visit Hard Money Loan for more info.