Coloardo Ski resorts increasing in Value: what are the options for non bank funding

2008/2009 was a tough year for real estate values in many of the ski resort areas throughout Colorado (Breckenridge, Vail, Telluride, Aspen, Steamboat, Winterpark, Aspen, Crested Butte, Keystone, Copper, etc…. ) all saw substantial declines in values.  Fortunately many of these resorts have recently had significant gains in real estate values (see Denver Post Article: Colorado Resorts housing market rebounds)  Although real estate values have substantially increased, many borrowers are still unable to qualify for traditional financing.  Fortunately one of Fairview’s specialties is financing resort properties where borrowers are unable to obtain conventional financing.  Fairview has funded transactions in all the ski resorts throughout Colorado and is able to quickly fund when a bank says no.   We are privately funded  and locally based and therefore able to fund transactions that make sense including condos, townhomes, commercial properties, and free standing single family homes.  To learn more about our resort lending please visit: www.cohardmoney.com