Hard Money Lenders Denver, CO

How are hard money loans in Denver structured?

Hard money loans are different from conventional loans in several ways. Our Denver hard money loans are designed to give you easy access to the funding you need for your next real estate venture. We offer fast approval and funding times, competitive interest rates, and terms specifically structured for investors.

The exact terms of your hard money loan will vary based on the value of your assets and the property you’re purchasing. Generally speaking, here’s how our Denver hard money loans are structured:

• Financing for amounts between $100,000 and $5 million
• Loans up to 65% LTV
• Origination fees starting at 2%
• Fixed interest rates as low as 8.99%
• No minimum credit score or income requirements
• No junk fees
• No prepayment penalties
• Short-term agreements between one and two years

The hard money lenders at Source Capital have extensive experience working with real estate investors, so we know what it takes to launch an investment. We can help you find a hard money loan that works for your investment whether you’re purchasing a rental property, a retail storefront, or an office space. With years of hard money lending experience, Source Capital is your go-to source for hard money loans in Boulder, Denver, and many parts of Colorado.

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

Getting approved for a Denver hard money loan starts with completing our simple online application. It only takes a few minutes to complete the application, and you can call us if you have any questions during the process. You’ll need about 10 minutes and some basic information to complete our preapproval application, including:

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

Once you apply for a Denver hard money loan with Source Capital, you can sit back and relax. We’ll reach out to you with a written offer within 24 hours of submitting your application. This offer will include the details of your hard money loan, such as the interest rate and lender fees.

If you accept our written offer, we’ll wire the funds to your account within 7 to 10 days. This gives you a chance to make an offer on the property you’re eyeing before anyone else beats you to the punch.

When we review your loan application, we don’t focus on your credit score or income. Instead, we look at the value of your assets and the property you’re purchasing. If you’ve been denied by a conventional lender because you have debt or a low credit score, you can still get approved for a Denver hard money loan at Source Capital. We eliminate the hassle of applying for a loan so you can focus on investing.

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

Taking out a hard money loan in Denver is an excellent way to finance your next real estate investment. At Source Capital, we offer hard money loans for various types of property, including commercial, residential, and multi-use properties. You can learn more about some of the types of properties we offer loans for below:

Residential properties:

• Fix and flip properties, including remodels, renovations, and buy and holds
• Single-family homes, duplexes, triplexes, and quadruplexes
• Apartments and condominiums

Commercial properties:

• Multi-family units, such as planned communities and complexes
• Office spaces
• Retail storefronts
• Industrial buildings, including warehouses, distribution centers, and manufacturing plants

Types of Loan Programs

At Source Capital, we do our best to make sure we’re offering loans that work for a wide range of investors. From rental property investments to commercial real estate, our hard money loans in Denver can help you streamline your next real estate venture.

Refinance

Refinancing is a great way to get quick access to funding for your next real estate purchase. If you have equity in your home, you can refinance your existing loan and use the additional cash to invest in real estate. We offer competitive interest rates and simple loan terms to make refinancing easy.

Investment purchase

If you’re thinking about investing in a rental property, our Denver hard money lenders are here to help. You can apply for a loan for a rental property in just a few minutes, so you can secure the funding you need to make an offer before someone else does.

Commercial property

Securing funding for commercial property can be complex, and some lenders don’t even offer loans for commercial real estate. At Source Capital, our hard money lenders have the experience to structure your loan based on the type of real estate you’re purchasing. From multi-use properties to industrial buildings, we can simplify your next commercial real estate investment.

Probate and estate

Waiting for the probate process to receive your inheritance can take time, which means you can miss out on lucrative investments in the meantime. If you’re waiting to receive an inheritance, you can leverage your inheritance to get the funding you need to start investing in real estate.

How Our Loans Work

Working with a hard money lender in Denver can help you secure a loan even if you’ve been denied by conventional lenders. At Source Capital, we make real estate investing easier thanks to our simple loan process and fast approval and funding times.

Conventional lenders look at your credit score and income when you apply for a loan, which means it’s hard to get approved if you don’t have the best financial history. At Source Capital, we focus on the property and the value of your assets to determine whether you qualify for a loan. Even if your credit score and income aren’t ideal, you can get approved for a Denver private loan.

Your loan to value (LTV) ratio is one of the biggest things we look at when financing a private loan in Denver. We offer loans with up to 65% LTV, which means the loan amount can’t exceed 65% of the value of the property. 

After you apply for a loan, you’ll hear back from us within 24 hours. If your application is approved, we’ll send a written offer that includes your interest rate and additional fees. Once you agree to this offer, your money will be wired to you within 7 to 10 days.

Popular Denver Areas

Denver offers a unique combination of big city amenities and natural beauty, with a population that’s steadily grown over the years. If you’re looking to invest in Denver real estate, there are several great areas to choose from. Check out some of these popular Denver areas to learn more.

South Park Hill

South Park Hill is a great area if you’re looking to invest in high-value real estate in Denver. This is a safe, upscale neighborhood that’s perfect for families, and there are even good schools in the area. With a median home price of about $920,000, South Park Hill is one of the most desirable neighborhoods in the city.

Cherry Creek

Cherry Creek offers a variety of real estate investment opportunities—from multi-family housing to storefronts and other commercial property. This is also one of the more expensive parts of Denver, so you need to have significant capital to invest in the area. That being said, Cherry Creek is an excellent spot for rental property investors.

Highlands

The Highlands neighborhood might not be the most expensive neighborhood in Denver, but it’s certainly a favorite among residents. There are lots of restaurants, bars, and boutiques in the area, which helps attract renters and homebuyers. If you’re looking to invest in rental property, check out this neighborhood.

Capitol Hill

Capitol Hill is right in the heart of Denver, which means it’s one of the more densely populated parts of the city. From office spaces to apartments and stores, there’s tons of real estate in the area you can invest in. Even better, the collection of food and entertainment options in close proximity make this another favorite neighborhood for renters.

How much does a hard money loan cost in Denver?

When you take out a hard money loan in Denver, the total cost of your loan isn’t the same as the loan amount. The actual cost of your hard money loan depends on the loan amount, loan duration, interest rates, and lender fees.

At Source Capital, we offer loans ranging from $100,000 to $5 million with loan durations between 12 and 24 months. Lender fees vary based on the loan amount and duration, with origination fees starting at 2%. Your interest rate can also vary based on several factors.

Longer loan durations, higher interest rates, and higher origination fees will lead to a higher overall loan cost. The good news is, our Denver hard money lenders can work with you to help you secure a competitive interest rate with minimal lender fees. Whether you’re investing in rental property or purchasing an industrial building, we can help you finance your next investment.

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

When you apply for a loan through a conventional lender, lenders look at your credit score and income. If you have debt or other negative items on your credit report, you may be denied a conventional loan.

At Source Capital, we can help you get approved for a loan even if you’ve been rejected by a conventional lender. We focus on the value of your assets and the property you’re purchasing, which means your credit score and income aren’t dealbreakers. You can get approved in as little as 24 hours, and we can fund your loan within just 7 to 10 days of approval.

If you’re not sure whether you can qualify for a Denver hard money loan through Source Capital, contact us or fill out our easy online application. It only takes a few minutes to apply, and we’ll respond quickly to make sure you have the funding you need to make an offer as soon as possible.

Why choose Source Capital?

Securing a loan can be difficult, but Source Capital helps you streamline the real estate investing process. You can apply for a loan in just a few short minutes, and we’ll review your application within 24 hours. If you’re approved, you can get your loan funded in as little as 7 to 10 days.

If you’re ready to invest in one of the many beautiful Denver neighborhoods, we’re here to help. Our Denver hard money lenders can tailor your loan to your property, and we offer competitive rates to help you save money. Apply online or contact us to learn more today.