Boulder, CO is a thriving city with many opportunities for investment. Of course, to get the property you’re interested in, you need access to real estate loans. How can you get quick cash with favorable terms? By getting a hard money loan from a private money lender.
Get Quick Cash With Hard Money Financing
Why are hard money loans so invaluable to real estate investors? Unlike traditional mortgages, they’re short-term, which means you don’t have to worry about making payments for decades. In fact, they’re especially useful as a stop-gap measure if you’re in the process of selling another property to cover your newest purchase.
Additionally, this type of financing has a much quicker approval time. Instead of waiting 30 to 45 days for an answer, you can close in as quickly as 10 days.
Use Flexible Funding
Investors can also benefit from the flexibility offered by hard money loans. In addition to purchasing property for rental income, you can apply this financing towards the following:
- Fix and flip loans
- Commercial multifamily
The quick turn around time enables you to jump on business opportunities and your fast offer can actually strengthen your bargaining position.
Experience the Benefits
One of the best things about a bridge loan is the ease with which you can get approved. Traditional lenders must review credit history, bank statements, and other factors before a determination can be given. If you’re just starting out as an investor or have issues in your credit history, you may be turned down for real estate financing.
Private money lenders such as Capital Fund 1, on the other hand, don’t have as arduous a process. When you apply for a hard money loan, the most important thing is the value of the property. Even if you’ve been rejected before, you may qualify for this type of financing.
Buy Real Estate in Colorado
Why choose Capital Fund 1? Our team has decades of experience under our collective belts, making us the perfect partner for anyone looking to invest in real estate. With our expanded services, we can help you procure funding for property in Boulder and the surrounding area.
Submitting an application with Capital Fund 1 is simple and you can hear back in as little as 24 hours. To get started or to learn more about our financial products, give us a call at 480-889-6100 or contact us online