New loan parameters: Colorado hard money loans up to 1m
As the snow finally melts, I hope everyone is off to a great summer ( took the picture above last weekend outside of Crested Butte). I am pleased to announce that Fairview is now able to close loans up to 1 million (larger on a case by case basis). Our model is still the same, no appraisals or upfront fees, quick one page application and no BS. We can work with both direct borrowers and mortgage professionals. We still lend our own funds and hold/service all of our own loans and provide honest answers and quick closings (typically under 10 days, some in as little as 3 days). We can do loans as long as 10 years with flexible amortizations and no prepay. Below are three recently closed loans:
1) Winterpark, CO: $1 million cash out refinance on an investment single family home, 6 day closing. Borrower needed funds quickly to finish a spec house and pay off an ex partner
2) Montrose, CO: $350 thousand cash out refinance on agricultural land with water rights. Property owned free and clear, funds needed to buy additional equipment to increase cash flow
3) Denver, CO: $650 thousand Light industrial purchase. Borrower in the marijuana business, needed a long term loan (7 years with no prepayment penalty) to increase working capital
We have closed millions of dollars in loans throughout Colorado and look forward to closing your next transaction.
What our clients are saying:
- “I have closed three loans with Glen and Fairview. He does what he says he is going to do and closes quickly. I’m most appreciative of the loan he did not fund for me. I was looking at a warehouse to purchase. Based on feedback and comparables from Glen he convinced me to pass on the transaction. Thankfully he did because I would have lost money.” Borrower: P.K. Denver, CO
- “Glen, I just have such an appreciation for you and your efforts to help us get a complex transaction closed quickly. I know I can trust you to get the job done when I refer a client to you. Thanks- ” Broker: Colorado Springs, CO