The legislature passed a little known bill in 2021 to allow property owners to defer…
Happy Summer from Colorado Hard Money
Happy summer; is winter on the way?
I hope everyone is having a great summer. The pic above is a view from my office… just kidding I took this on a camping trip with my kids (3 and 6 quite an adventure backpacking and camping 3 days with little ones) in the Mt. massive wilderness area. While we were camping the temp dropped to 28 one morning with some light snow flurries (remember to stuff the hat and gloves into your outdoor gear).
If the pic above has you thinking about skiing, it is going to be an interesting winter in CO with southern resorts (think Crested Butte, Telluride, Wolf Creek, Durango, etc..) and the Denver front range getting more snow than average (here is an interesting Bloomberg article on El Nino & article from denver channel explaining El Nino) which is driving the current weather pattern)
Although the temps will be cooling soon and snow will be flying in the next 60 days, at Fairview we are still closing transactions. Below are a few recent ones:
- 525k, marijuana warehouse Denver, borrower wanted a 10 year fully amortizing loan with no prepay
- 125k, rental house CO Springs, borrower needed to buy out a partner in under 5 days
- 350k, Winterpark duplex, borrower unable to show income and needed quick working capital
- 750k, Evergreen retail/pad site, borrower had 8 rental retail condos and pad site with new leases, borrower needed funds for tenant improvements
Above are just a few of the hundreds of loans we have closed in Colorado. Please keep us in mind for any transactions that don’t fit conventional guidelines for whatever reason (see our guide to hard money lending). Have a great rest of the summer.