LOAN PURPOSE | New construction projects |
INTEREST RATE[1] | Rates as low as 9.95% |
LOAN AMOUNT | $300K to $20MM |
LOAN TERM | 12 months |
BORROWER TYPE | Individual or group |
EXPERIENCE | Based on prior 36 months |
MAX LOAN-TO-VALUE (LTV)[7] | 65 to 70% |
MAX LOAN-TO-COST (LTC)[8] | 80 to 85% |
LTV VS. LTC | We use the best calculation for your project |
CONSTRUCTION FINANCING | Up to 100% |
PROPERTY TYPE |
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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 |