Hard Money Lenders Boulder, CO

How are hard money loans in Boulder structured?

The Boulder real estate market is competitive, so we strive to offer hard money loans that are structured to meet your needs. Our Boulder hard money lenders offer competitive rates and favorable loan terms, and we don’t have the same requirements as conventional lenders. Even better, we structure our loans to fit the property you’re purchasing, making your investment easier.

Some of our loan terms vary based on your loan application and the amount you’re borrowing, but here’s what you can expect:

• Loan amounts between $100,000 and $5 million
• Interest rates starting at 8.99%
• Financing for between 12 and 24 months
• Loans up to 65% LTV
• Origination fees as low as 2%
• No minimum credit score or income requirements
• No prepayment penalties
• No junk fees

You’ll get a chance to see your final loan terms—including your interest rate and lender fees—before you agree to your loan.

How can I get approved for a hard money loan in Boulder?

Applying for a conventional loan can be a long, drawn-out process, but that’s not the case with a Boulder hard money loan. Applying for a loan only takes a few minutes, and you can get approved for a hard money loan in as little as 24 hours. Here’s what you’ll need to fill out our application:

• Your first and last name
• Your phone number
• A valid email address
• The amount of the loan
• The purpose of the loan and details about the property

Once you submit your application, we’ll review it and respond with a written offer within 24 hours. Your written offer will include your interest rate, lender fees, and other details about your loan. If you decide to accept our written offer, the funds will be wired to your account within 7 to 10 days.

Unlike other types of loans, you don’t have to worry about your credit score or income with a hard money loan in Boulder. We focus on other aspects of your loan application, which means you can get approved for a hard money loan even if you’ve recently been denied by a conventional lender.

What kind of properties can I get a loan for in Boulder?

Whether you’re investing in residential or commercial real estate, Source Capital can help you streamline your investment. Our Boulder hard money lenders offer loans for various types of properties, from office spaces to single-family rentals. You can learn more about the properties we offer loans for below:

Residential properties:

• Fix and flip properties
• Single-family, duplexes, triplexes, and quadruplexes
• Apartments and condominiums

Commercial properties:

• Multi-family units: Complexes, planned communities
• Office spaces: Business offices, executive suites, medical offices
• Industrial buildings: Warehouses and distribution centers, manufacturing plants

When you work with our hard money lenders in Boulder, you can secure a loan that’s specifically tailored to fit your investment. Our lenders have years of experience with commercial and residential real estate investments, so they can make sure your loan is customized to meet your needs with competitive rates and flexible terms.

Types of Loan Programs

At Source Capital, we do our best to offer loans for every real estate investor. Whether you’re investing in affordable residential real estate or expensive industrial property, we have loans that are designed for your financial situation and investing needs. Learn more about how a Boulder hard money loan from Source Capital can help you simplify your next real estate investment.

Refinance

If you have equity in an existing property, refinancing can help you unlock the funds you need to start investing in real estate. We’ll refinance your existing loan so you can repay that loan and have some money left over. Our Boulder hard money lenders offer competitive interest rates, plus it’s easy to apply for a refinance loan.

Investment purchase

Rental property can be a smart investment—especially in a city like Boulder. We know you can lose out on valuable opportunities if you don’t have the funds to make an offer right away, which is why we offer simple loans for investment purchases. We can approve your loan within 24 hours, and the funds will be wired to your account within 7 to 10 days.

Commercial property

The lenders at Source Capital have extensive experience with commercial property loans, so we can help you get the funding you need for your commercial real estate venture. We offer loans on various types of commercial property, including retail storefronts, office spaces, and industrial buildings. Thanks to years of experience, our lenders can tailor your loan to fit your property.

Probate and estate

If you’re waiting on an estate to settle before you start your real estate investing journey, we’re here to help. We offer hard money loans in Boulder that are backed by the inheritance you’re receiving, so you can get your funds and start making offers as soon as possible. Loans close in 10 days or less, so you can get your money quicker than you would with a conventional loan.

How Our Loans Work

Our lenders work hard to make it easy for you to secure a private loan in Boulder. If you’re looking for a loan and you’ve been denied by conventional lenders, Source Capital can help. We offer competitive interest rates, flexible loan terms, and a simple application process that makes investing easier.

Instead of focusing on your credit score and income, we look at the value of your assets and the property you’re considering purchasing. If you’ve been turned down by a conventional lender because of debts or a lack of income, you can still get approved for a Boulder private loan through Source Capital.

When you apply for a loan, we focus on the value of your assets and your loan to value (LTV) ratio. Your LTV ratio is the amount you’re borrowing compared to the value of the property you’re purchasing. If the loan amount is no more than 65% of the value of the property, you may qualify for a loan.

Once we receive your loan application, you should hear back from us within 24 hours. We’ll start by sending you a written offer—if you accept, you’ll receive funding in 7 to 10 days. Once your loan has been funded, all you have to do is make monthly payments to stay on track.

If you have any questions about our loan application process or how we determine who qualifies, feel free to give us a call.

Popular Boulder Areas

Boulder may not be the largest city in Colorado, but it’s definitely one of the premier destinations. Boulder offers a nice combination of peace and quiet with lots of amenities, so you have everything you need close by without living in an overcrowded city. Check out some of the most popular neighborhoods in Boulder below.

East Pearl

Easy Pearl offers easy access to Pearl Street—one of the main roads in the heart of Boulder. From bars and restaurants to storefronts and other commercial buildings, East Pearl has no shortage of options to keep its residents busy. East Pearl’s close proximity to the downtown area makes it a favorite among renters and homebuyers.

Mapleton Hill

Mapleton Hill is one of the historic districts in Boulder, which means many of the homes in this area are more than 100 years old. One of the truly unique aspects of Mapleton Hill is the fact that it’s just north of Downtown Boulder, but it’s still home to some of the largest, most beautiful homes in the city.

Central Boulder

For people who enjoy being right in the middle of everything, Central Boulder is hard to beat. This is one of the most commercial parts of Boulder, which means it’s a great spot to invest if you’re looking for commercial real estate. Central Boulder also offers easy access to Route 36, making the trip to Denver an easy one.

North Boulder

North Boulder is on the northern edge of the city, but this area wasn’t always filled with commercial and residential real estate. As Boulder has expanded, the number of homes and condominiums in North Boulder has also grown. Today, this is one of the best spots to invest in multi-family real estate.

How much does a hard money loan cost in Boulder?

You might be wondering how much you can expect to pay for your Boulder hard money loan in total. Calculating the total cost of your loan isn’t as simple as looking at the loan amount—you also have to consider interest, fees, and the loan duration.

Our lender fees start at 2%, but those fees can vary based on the size and length of your loan. If you’re borrowing a large sum of money for 24 months, you can expect your lender fees to be a little higher.

Larger loans with longer durations are going to cost you more money because you’ll pay more interest over the life of the loan. If you take out a $500,000 loan, you’ll save a lot of money by only paying interest for 12 months.

Our Boulder hard money loan interest rates start at just 8.99%, but your rate may be as high as 11.99% depending on your application. If your interest rate is higher, the total cost of your loan will also increase.

If you have any questions about how we determine lender fees and interest rates, give us a call at 888.250.6794.

Can I get a hard money loan in Boulder with low credit?

Getting approved for a loan with low credit can be difficult. Thanks to Source Capital, you can get a hard money loan in Boulder even if you don’t have the best credit.

We don’t focus on your credit score and income, which means you can get approved for a loan even if your financial history isn’t great. As long as your assets have value and the LTV is 65% or lower, you might qualify for a loan.

At Source Capital, you won’t be penalized due to low credit. We offer competitive interest rates for everyone, so you can save money even if your credit is poor.

Why choose Source Capital?

The Boulder hard money lenders at Source Capital have extensive experience working with real estate investors. We offer competitive rates and favorable loan terms, plus we can customize your loan to match the property you’re purchasing.

Losing out on a great deal isn’t an issue with Source Capital. We can approve your loan in 24 hours and fund it in 7 to 10 days, which means you get access to your money sooner so you can make an offer on the property you’re watching.

You can even get approved for a hard money loan in Boulder with low credit or a lack of traditional income. Give us a call at 888.250.6794 or fill out our online application to get started today.