Another bank in Colorado: United Western just got shut down by the FDIC. Full article in the Denver post at: http://www.denverpost.com/business/ci_17188017. I think the banking crisis will continue as prices on real estate fail to rebound nearly as fast as everyone had anticipated when the downturn started. Fortunately there are some alternatives to bank lending. One avenue is a loan from a private lender like Fairview. They only lend their own money and make decisions quickly. They are a local lender and have recently closed a number of deals that were unbankable including a land transaction in livermore, an investment property (single family) in Englwood, and a warehouse in Denver, CO. More information on private lending in Colorado can be found at www.cohardmoney.com or call us at 303…459..6061
Another bank in Colorado bites the dust
by Glen Weinberg | Jan 25, 2011 | Alternative financing, CO hard money, Colorado Hard Money, Colorado Private Lending, Colorado Real Estate values, Denver Hard Money, Denver hard money Lenders, Denver Private Lenders, Denver Private Lending
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