Who are the Best Hard Money Lenders in Colorado 2021?

Finding the best hard money lenders Colorado is critical to your investing success. Whether you’re new to real estate or seasoned investor, your hard money loan can eat up a ton of profit margin. Whether you’re looking for a fix and flip loan or a BRRRR strategy, a bad hard money loan can set you back thousands of dollars. On the other hand, a good hard money loan can provide the financing you need in less time than any other source of financing. Colorado hard money lenders can give you the buying power required to scale your business and profit.

Colorado has a good selection of local private money lenders. Rates on hard money loans issued to Colorado investors average a standard 10-12% with an average loan amount around $314k. The median loan term is around 6-12 months. The mean hard money loan includes origination fees in the 3-4% range with standard LTV averages around 70-80%.

Here’s our short list of the top 9 Best Hard Money Lenders in Colorado:

  1. Hard Money Mike
  2. Freedom Private Money
  3. Merchants Mortgage & Trust Corporation
  4. Access Financial Group
  5. Indicate Capital
  6. Salt Funding
  7. Cost Fund
  8. Good Funds Lending LLC
  9. Pine Financial Group

Top 9 Best Hard Money Lenders Colorado

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1. Hard Money Mike

Hard Money Mike is our first Colorado hard money lender. They have a stellar Google profile and a professional website. Hard Money Mike offers loans for fix and flips in Colorado and parts of the Midwest.

If you have experience in fix and flips, construction, and/or real estate, they can provide:

  • In-house funded loans with an interest rate of 8%. (Loans out of Colorado start at 9%.)
  • Fund up to 90% of purchase and 80% of rehab.
  • Higher loan-to-value loans.
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2. Freedom Private Money

Freedom Private Money is a Colorado Springs hard money lender. They are highly rated on Google and are also veteran owned. They’ve loaned over $125m in value since inception, and they offer very competitive terms. 

Here is more info about their hard money program:

  • Min Loan Amount $75,000
  • Interest Rate 10-12%
  • Origination Fees 2-3%
  • Processing Fees $1,250
  • First-Time LLC Fee $250
  • Loan Term 6-12 Months
  • Max LTARV up to 75%
  • Max LTC 100%
  • Min Credit Score 600
  • Draw Request Fee $200
  • Extension Fees 1% for 3 Months
  • Reserves Required 12 Months
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3. Merchants Mortgage & Trust Corporation

Up next is MMTC. They have another highly rated Google My Business profile and an excellent website. Merchants Mortgage is a private real estate lender headquartered close  to Denver in Greenwood Village, CO. They also have affiliate offices and lending partners in various other locations. MMTC specializes in short term residential bridge loans for investors, commercial loans, construction loans, and rental property loans. The Company offers logical loan structures and underwriting to meet the timing and transaction needs of the market.

Here’s some more info about their fix and flip program:

  • Up to 90% of Purchase Price plus 90% of Repairs (90% Loan-To-Cost).
  • 8% to 10% Fixed rate Depending on Down Payment, Property and Borrower Qualifications.
  • Origination Fee: 1.50% to 2.25% Depending on Down Payment, Property and Borrower Qualifications.
  • Loan Term: 6 months with an automatic 6 month extension.
  • No prepayment penalty.
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4. Access Financial Group

Our next Colordao Springs hard money lender is Access Financial Group. They are a full service real estate company in Colorado. They are a portfolio lender that offers hard money loans and alternative financing options. Additionally, they offer For Sale By Owner homes with competitive seller financing or lease option purchase programs for buyers.

Here’s some more info about their fix and flip program:

  • Rate: 11.25%
  • Origination Charge: 3 Points (3 % of loan amount)
  • Term: 6 month balloon
  • Payment: $9.71 per $1,000.00 borrowed (Ex. $971.26 for $100,000 loan)
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5. Indicate Capital

Indicate Capital is our next hard money lender in Colorado. They don’t have a ton of reviews, but the ones they do have are excellent. They have a quality site and a full spectrum of loan programs. They care about the tangible value of your assets, not your credit, we empower our customers with the hard money they need to flip a property, bridge investments, acquire new property, or buy public trustee sales.

Here are some of their typical terms: 

  • 1-3-year notes
  • Up to 85% Loan To Cost ratio (LTC)
  • Interest-only (monthly) payments
  • 1-3% Commercial Fees
  • 0% Residential Fees
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6. Salt Funding

Our next hard money lender in Colorado is Salt Funding. They’re unique in that they are a family owned hard money loan provider.

Here is more info about their loan program:

  • Average loan 10%, 2 points.
  • 70-80% LTV.
  • Typical loan size $50K-$500K, up to $5MM (fees may differ over 500K)
  • Up to 90% purchase price (currently up to 85% PP) + 100% rehab.
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7. Cost Fund

At COST Fund, they specialize in offering short term loans to their Colorado clients. Because the work they do is intended to be used to acquire real estate properties within the Colorado area, their loans typically don’t need to go any longer than a few months. They offer acquisition loans and cash out refi loans.

Here are some terms of their hard money loans:

Loan to Cost: Up to 85%
Loan to Value: Up to 75%
Doc Prep. Fee: $1,000-$1,400

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8. Good Funds Lending LLC

Our next Colorado private money lender is Good Funds Lending LLC. They have a solid Google profile and offer a good selection of loan programs. They are based in Denver, so if you’re looking for a local lender, this is another good option. 

Here are some terms of their hard money loans:

Loan to Cost: Up to 85%
Loan to Value: Up to 75%
Doc Prep. Fee: $1,000-$1,400

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9. Pine Financial Group

Our final Colorado private money lender is Pine Financial Group. They have an excellent Google profile and a good selection of loan programs

Pine Financial Group is a lender for real estate investors in Colorado, Minnesota, and Wisconsin. With an extensive background in alternative financing sources, Pine Financial Group has the expertise to help you get your deal closed.

Best Hard Money Loans Colorado FAQ

Who is the best hard money lender in Colorado?

Here’s our short list of the top 9 Best Hard Money Lenders in Colorado:

  1. Hard Money Mike
  2. Freedom Private Money
  3. Merchants Mortgage & Trust Corporation
  4. Access Financial Group
  5. Indicate Capital
  6. Salt Funding
  7. Cost Fund
  8. Good Funds Lending LLC
  9. Pine Financial Group
What do Colorado hard money lenders charge?

Hard money loan rates in Colorado range from 10 percent to 12 percent for shorter and mid range terms. Most hard money lenders also charge points or origination fees on a loan ranging from 3-4%.

Do Hard Money Lenders in Colorado require appraisals?

Many hard money lenders in Colorado will require an appraisal.

What is hard money in Colorado?

Hard money loans in Colorado are short term loans secured by real estate. These loans are used to purchase and/or rehab residential or commercial properties. They’re more expensive than traditional bank loans but can be closed faster and with less credit requirements.

Our Colorado City Guides

Here are some in depth reviews of hard money lenders  in cities throughout Colorado:

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