My answer would also be Kevin Ambosch at Pine Financial Group as Marina mentioned below. Best of success.
Robert McGuire ASR
Your Castle Real Estate
1776 S. Jackson St. #412
Denver CO 80210
Direct â€“ 303-669-1246
Most of long time customers prefer to borrow more to preserve cash for the next deal, but some customers like the interest savings.
Cardinal Financial Inc
Cardinal Financial Inc.
1830 Platte Street
Denver Co 80202
For others reading this, I often find that borrowers that ask for a hard money loan would be better off with another funding channel (e.g. HELOC, Credit Partner, Self Directed IRA). I let them know I am happy to make the loan, but I think there may be a better channel for them. Hard money works very well for certain projects and situations, but borrowers should check out other channels before using hard money.
We are relatively new to hard money lending, but can provide references to borrowers.
You can find more information at Good Funds Lending, LLC website (goodfundslending.com).
We are a true direct private hard money lender and not a broker. There are no 3rd party underwriters or fund investors that can complicate or slow the process, increase the costs or even withdraw funding. We make hard money loans to experienced investor borrowers (borrowers have typically completed at least 3 similar projects). We recognize there are capable first time borrowers, but we believe on average experience lowers the risk of unsuccessful projects and lowers our costs. Hence we can be flexible, quick and have lower rates and fees.
The aforementioned is personal opinion and I believe it to be correct at the time of posting. None of the content should be considered a binding offer or agreement. I make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information. I recommend consulting a qualified professional before acting. Rates and terms are subject to change.
Hello Fellow DTC Agents,
I just wanted to put an email out to the office to let everyone know that
my partner and I run a hard money lending business if you or a client have
need of our services. We provide 100% financing for our clients that qualify
with our funding program. We are typically funding investors that want to
buy and hold property for long term rental but we will look at investments
for resale also. We specialize in short term funding 30-90 days and are one
of the least expensive lenders in town starting at 3 points and 12.5% interest.
If you have an investment loan you would like us to look at please give me
Hope that helps.
As for Sean
"We still offer 100% purchase and rehab money (if the deal makes sense); we charge ten points, $1850 funding fee, and 14% interest; the note balloons in two yearsâ€¦no penalties for early payoff. " Sean
This is from April 2011 so you will need to check and see what the latest cost is.
Good Luck! Jacob