Who are the Best Hard Money Lenders in Denver 2021?

Finding the best hard money lenders Denver CO 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. Denver hard money lenders can give you the buying power required to scale your business and profit.

Denver has a limited selection of local private money lenders. With that said, there are several national lenders who are available to loan throughout Denver. Rates on hard money loans issued to Denver investors average a standard 10-12% with an average loan amount around 350k. The median loan term is around 12-18 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 6 Best Hard Money Lenders in Denver:

  1. Hard Money Mike
  2. Merchants Mortgage & Trust Corporation
  3. Indicate Capital
  4. Salt Funding
  5. Cost Fund
  6. Good Funds Lending LLC

Top 6 Best Hard Money Lenders Denver Colorado

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1. Hard Money Mike

Hard Money Mike is our first Denver CO 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. 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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3. Indicate Capital

Indicate Capital is our next hard money lender in Denver CO. 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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4. Salt Funding

Our next hard money lender in Denver CO is Salt Funding. They’re unique in that they are a family owned hard money loan provider. They serve the Denver area and have a solid reputation. 

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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5. Cost Fund

At COST Fund, they specialize in offering short term loans to their Denver clients. Because the work they do is intended to be used to acquire real estate properties within the Denver 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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6. Good Funds Lending LLC

Our final Denver 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

Best Hard Money Loans Denver FAQ

Who is the best hard money lender in Denver?

Here’s our short list of the top 6 Best Hard Money Lenders in Denver:

  1. Hard Money Mike
  2. Merchants Mortgage & Trust Corporation
  3. Indicate Capital
  4. Salt Funding
  5. Cost Fund
  6. Good Funds Lending LLC
What do Denver hard money lenders charge?

Hard money loan rates in Denver 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 Denver require appraisals?

Many hard money lenders in Denver will require an appraisal.

What is hard money in Denver?

Hard money loans in Denver 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.

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