Colorado Foreclosure filings, where are they and what does this mean for values? What is the number one driver of foreclosures?
Many counties in Colorado are now using an online auction program for foreclosure sales which…
Colorado Springs Hard Money
Colorado Springs is a great town located just south of Denver and is most well-known for the Air Force Academy/ military bases, Garden of the Gods, and US Olympic training facility. Colorado Springs is a hub for the various surrounding areas (Woodland Park, Fountain, Manitou Springs, Fort Carson, etc…) and is the second largest city in Colorado outside of Denver. I took the above picture from the Eastern side of town looking over the city facing the mountains with the first snow of the season on them. Fairview is the leader in Colorado Springs Hard Money Lending; below is a recently closed private money transaction on a light industrial/showroom building
Scenario: Borrower needed 175,000 in a week for business working capital (build out of light industrial building / showroom). He owned a light industrial building with ample equity that he owner occupied for his business. Borrower had spoken with other lenders that put various requirements on the use of funds, disbursements, etc.. and they were unable to close quickly
What the Borrowers had to say:
Learn more about Hard Money Lending in Colorado Springs and throughout Colorado: coloradohardmoney.com