Are you looking to invest in commercial real estate? Then a hard money loan may be exactly what you need.
Mortgages can be cumbersome and aren’t designed for the needs of property investors. In contrast, hard money loans such as those offered by Capital Fund 1 offer a variety of benefits. With one quick application, you can get the funds you need to purchase property in Superior, CO, and the surrounding area.
This type of financing has immense flexibility so you can use funds where they’ll make the most impact:
If you already own property, you can also use this financing to access the equity. With a simple refinance, you can get funds to fix up your current holdings or purchase new real estate.
To ensure your unique needs are being met, we offer several loan programs:
Commercial multifamily
Commercial bridge
Tenant Improvements
Foreclosure auction
Additionally, our experts are happy to work with you to find terms that suit your situation. Unlike traditional mortgages, which are strictly regulated, hard money loans allow us to provide innovative solutions to our customers. That also applies to any issues you may run into down the line; we’re happy to work with you in unprecedented circumstances.
Traditional mortgages can take a month to process, potentially causing you to miss out on important business opportunities. In contrast, hard money lending can be approved as quickly as 24 hours.
How is this possible? Rather than being concerned with your credit score, land loan lenders are more interested in the worth of the property. This cuts down on the paperwork, allowing you to get funds faster.
Getting a hard money loan isn’t just about accessing funds — it can also help you get an edge when competing with other buyers. Having quick cash can be great leverage and help you negotiate a sale in your favor.
Additionally, you have a chance to purchase real estate even if your credit is less than ideal. Since the emphasis is on the property, you can qualify for hard money financing even if you’ve been turned down for traditional mortgages in the past.
The underwriting process differs from lender to lender. Most hard money lenders look at applications individually and offer funds on a case by case basis. The amount an applicant receives is based on a loan-to-value ratio set by the lender. For an LTV of 50%, the loan amount will be half of the value of whatever assets are used for collateral. Capital Fund 1 made the process even easier with a three-step process for securing a loan.
Capital Fund 1 makes it fast and simple for you to secure a hard money loan for construction, commercial projects, land and lot transactions, and fix and flip projects. Some loans may be approved and funded in as little as 24 hours with no credit check or tax information required.
Are you looking for real estate and construction loans in Superior, CO? Capital Fund 1, the premier hard money lenders in Colorado can help. For more information or to start your application, give us a call at (480) 889-6100 or contact us online.
