LOAN PURPOSE |
|
INTEREST RATE[1] | Rates as low as 8.99% |
LOAN AMOUNT | $300K-$10MM[12] |
LOAN TERM | 12 to 18-month options available |
BORROWER TYPE | Individual or group |
EXPEREINCE | First-time buyers welcome |
REFINANCE MAXIMUM LEVERAGE LOAN –TO-VALUE[4] AND LOAN-TO-COST[5] |
Up to 75% |
PURCHASE MAXIMUM LEVERAGE | Up to 80% |
COST BASIS | Purchases and refinances owned more than 180 days |
REHAB ALLOWANCE | Up to 25% (cosmetic only) |
PROPERTY TYPE |
|
City, State | Colorado Springs, Colorado |
Population | 478,221 |
Map Coordinates | 38.86°N 104.76°W |
Median Home Price | $318,200 |
Housing Units Owner Occupied | 113,114 |
Housing Units Renter Occupied | 75,723 |
Hard Money Loan Volume | $329,685,557.40 |
Rental Property Loan Volume | $405,513,235.60 |
Bridge Loan Volume | $115,389,945.09 |
Fix & Flip Loan Volume | $250,561,023.62 |