Good Funds Lending, LLC

07/05/2023

Does your bridge loan require months of prepaid interest? Check out this article

Series: Apples To Apples — Unraveling the Mysteries of Bridge Loans and Hard Money Loans

12/07/2022

A direct local hard money lender can save you money and time, as well as help you avoid scams and last-minute term changes. Learn more ...https://goodfundslending.com/blog/benefits-of-direct-local-hard-money/

08/15/2022

What are Hard Money Loans and when are they used?

“Hard Money Loans” are underwritten primarily based on real estate (the “hard asset”) value. In contrast, banks often focus on borrowers’ income, credit history, etc. to underwrite loans in addition to real estate value.

The hard money loan process is often much easier and faster than a bank (days or weeks rather than months). This is because hard money lenders are typically not concerned with income, etc., and all the related documentation and verification.

Hard money lenders will often only provide loans up to 70% of the real estate value (even less for some property types). Interest rates (and/or APRs) are typically, but not always, higher with hard money lenders compared to banks.

People use hard money loans when:
• A bank is too slow, and the deal or situation requires quick funding.
• A bank will not loan because of an income or credit issue.

Hard money loans are often short-term. A few months to a few years. Hard money loans are often provided by private lenders, individuals, or non-bank entities.

Income and credit issues may have no bearing on repayment. Often borrowers pay off hard money loans when the borrowers sell real estate. Sometimes borrowers pay off hard money loans when a bank provides a long-term loan. Loans that fill the gap until a bank provides long-term loans are often called “bridge loans”.

Content is not professional advice and may be flawed or inadequate.

02/01/2022

Avoid Lender Imposter Scams
Never pay large upfront fees
And other things to do or not do to avoid fake lender scams...

Verify you are working with the real lender. Avoid advanced fee scams and other scams from thieves posed as lenders.

01/12/2021

Denver Metro Quick Bridge Loans
Interest Rates now as low as 6% (up to 12%)
See details

Colorado bridge loans with transparent lower rates & fees. Colorado hard money loans in Metro Denver, Boulder, and Colorado Springs. Call (303) 500-3288.

08/23/2018

Buying a rental or commercial property in the Denver Metro area, but your bank needs a little more time to close than you have...maybe we can help with a short-term bridge loan (30-180 days https://goodfundslending.com/hard-money-loan-programs/bridge-loans/).

Denver Colorado hard money bridge loans overview including terms, rates, and fees.

01/22/2018

Happy 2018!

11/24/2017

Happy Thanksgiving!

11/18/2017

Thank you, Colorado! Love this place.

08/19/2017

"No act of kindness, no matter how small, is ever wasted." Aesop