Rates and Terms
We fund loans that banks - and other hard money lenders - won't, with a loan decision-making process rooted in common sense with maximum flexible terms. If the bank says “no” to your financing needs come talk to us!
General Rates & Terms
|
Loan Amounts |
$50,000 to $5 million |
|
Term |
6 to 12 months, plus extensions |
|
Interest Rate & Points |
Average is 12%, but very loan dependent; 3 points average + 1 point outside the Front Range of CO |
|
Conditional Pre-Approval |
Free; we should have a terms sheet to you within 48 hours |
|
Loan Approval & Funding |
Generally with 10 business days; longer for larger commercial projects; depends on receipt of all underwriting requirements |
|
Prepayment Penalties |
None |
|
Draws paid |
Typically within 24 to and 48 hours of request |
|
Loan to Value |
Up to 70% of After-Repair- Value (50% on land) |
|
Down Payment Requirements |
Generally 10% for construction & development loans; variable for other loans depending on strength of the deal Loan to Cost No maximum
|
|
Collateral |
No maximum |
|
Loan to Cost |
First deed of trust on non-owner occupied real estate. Seconds considered on a case by case basis. |
|
Proof of Funds Letter Requirements |
Loan app. completed, 1-mo bank statement, 2 mos. paystubs and credit report if available |
Loan Amount: $50,000 to $5 million
Term: 6 to 12 months, plus extensions
Interest Rate and Points: Average is 12%, but very loan dependent; 3 points average + 1 point outside the Front Range of CO
Conditional Pre-Approval: Free; we should have a terms sheet to you within 48 hours
Loan Approval & Funding: Generally with 10 business days; longer for larger commercial projects; depends on receipt of all underwriting requirements
Prepayment Penalties: None
Draws paid: Typically within 24 to and 48 hours of request
Loan to Value: Up to 70% of After-Repair- Value (50% on land)
Down Payment Requirements: Generally 10% for construction & development loans; variable for other loans depending on strength of the deal
Loan to Cost: No maximum
Collateral: First deed of trust on non-owner occupied real estate. Seconds considered on a case by case basis.
Proof of Funds Letter Requirements: Loan app. completed, 1-mo bank statement, 2 mos. paystubs and credit report if available
Interested in Real Estate Investing?
We specialize in investor-friendly deals that benefit both borrowers and lenders. Investing with The Investor’s Source can help you diversify your portfolio, grow your wealth, and support projects that transform Colorado and Wyoming communities.