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Direct Lender for Property Investors and Developers
Lead Funding is a direct private lender operating within Arizona, Colorado, Texas, and Washington state. There are many advantages to working with us. As a direct lender, we can underwrite and make decisions in 1-2 business days. We understand the dynamics of the investment real estate market. We work with a sense of urgency, so timely and informed decisions can be made quickly. To date, Lead Funding has loaned in excess of $500,000,000 directly to investors and has experienced a high client retention rate. In fact, our clients often keep multiple loans and continually borrow for new acquisitions as they turn over their investment properties.
- Ability to fund 100% of the purchase price
- Ability to fund and close in 1-2 business days (on average)
- Competitive pricing and terms
- A direct lender with all lending decisions in-house
- Over $75,000,000 capital available for funding
- Ability to fund new construction loans
- Free Application processing, “Proof of Funds” letter for securing properties and “As Completed” valuation reports
- Expert advice and consultation throughout acquisition and remodel process
- Key vendors relationships – building supplies and discount brokerage
- Strong sub-contractor referral network
We also provide funding for licensed Cannabis use properties in Colorado.
Property Geographic Area Details
Arizona, Colorado, Texas, Washington. In Colorado we will consider all areas throughout the state. For AZ, TX, WA the property must be located in a major metro area.
Loan Amounts
$40,000 to $6,000,000
Interest Rates
10% to 12%
Max Loan-To-Value
75.00%
Max Loan-To-Cost
100.00%
Origination Fees
2% to 2%
Loan Terms
6 months to 24 months
Lien Position
- 1st
Loan Purpose
- Investment Acquisition
- Investment Refinance
- Improve Subject Property
- Use Equity to Invest in Another Property
- Business Working Capital
- Value Add Project
- Development Project
Property Occupancy
- Vacant
- Tenant Occupied 100%
Property Types and Loan Types
Collateral Types
- Residential Property
- Commercial Property
Property Types
- 2-4 Units Residential
- Cannabis Dispensary
- Cannabis Grow Facility
- Commercial Condominium
- Industrial
- Mixed-Use
- Multifamily
- Office
- Portfolio of Residential Properties
- Ranch
- Single Family Residence
Loan Types
- Private Money
- Hard Money
- Residential Bridge
- Residential Fix and Flip
- Residential Rehab and Rent
- Commercial Ground-Up Construction
- Residential Ground-Up Construction
Specialty Loan Types
- Cannabis Use Properties
Cannabis Use Properties
We can fund any type of licensed facility anywhere in the U.S. where cannabis is legal. The loan can be used to purchase and build out an existing facility, build a new facility, or refinance an existing facility. We loan based on the as-completed value. Market value and 'value in use' as a cannabis facility are considered as the basis for LTV.Will Consider Cannabis Use Properties
yesMaximum LTV for Cannabis Use Properties
70.00%Cannabis Property Use Type
- Cultivation
- Retail Dispensary
- Retail Sales
- Manufacturing
- Processing
- Production
Purchase Loan
Max Loan-To-Purchase Price
100.00%Borrower Must Have Property Under Contract
yesWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
yesAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Subject Property
- Equity in Another Investment Property
- Seller Financing
- Gap Lender
- Family
Rehab Value Add Loan
Experience Required
noMinimum Number of Value-Add Projects Completed by Borrower
0Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
100.00%Interest Charged for Renovation Costs
Entire Amount of Total Project CostsTypical Number of Days for Funds Draw
1Maximum After Repair Value
75.00%Construction Loan
Development Experience Required
noMinimum Number of Ground-Up Construction Projects Completed by Borrower
0Max LTC for Ground-Up Construction Costs
100.00%Interest Charged for Construction Costs
Entire Amount of Total Project CostsWill Lend on Partially Completed Construction Projects
yesDetails and Requirements
Typical Closing Time (Days)
3Fastest Closing Time (Days)
1Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
Pre Payment Penalty
no
Will lend to a foreign national
no
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
yesWill Consider Collateralizing Multiple Properties in One Loan
yesWill Consider Equity Joint Venture
yes
Joint venture partner may not have management rights and must be a minority owner.Borrower Entity Types Considered
- Individual(s)
- LLC
- Limited Partnership
- Trust
- Corporation
- Self-Directed IRA
Documentation Required
- Bank Statements
- Financial Statements
- Loan Application
Personal Guaranty (Recourse) Required
AlwaysCredit Check Required
yesCredit Check Description
No minimum credit score per borrower. Scores are considered as a whole together with the asset itself, liquidity, net worth, and experience.Appraisal Required for Residential Property
SometimesAppraisal Required for Commercial Property
Always After FundingBroker Price Opinion (BPO) Accepted for Residential Property
SometimesBroker Price Opinion (BPO) Accepted for Commercial Property
SometimesFees
Documents Fee
Loan doc fee paid at closing. $1000 to $1500 depending on the loan amount. No other fees charged to borrower in most cases. Additional third party fees may apply to some commercial property loans.
Fees which are mandatory for all new borrower clients
- Documents Fee
- Renovation or Construction Funds Draw Fee
Legal Disclaimer
Rates, Fees, and terms are subject to change. All loans subject to final underwriting review.
Additional Details
No third party fees for most loans. Commercial appraisal fee paid by the borrower on commercial property loans.
Lead Funding’s mission is to offer private financing to local real estate investors with competitive rates, hassle-free and quick terms, and complimentary essential tools. This “holistic” approach assists small to large real estate investors and is truly industry unique. To date, Lead Funding has loaned in excess of $500,000,000 directly to investors and has experienced a high client retention rate. In fact, our clients often keep multiple loans and continually borrow for new acquisitions as they turn over their investment properties.
Today, Lead Funding has a private fund of about $75 Million and operates within Arizona, Colorado, Texas, and Washington state. We’re proud to be a direct lender that can underwrite and make decisions quickly to help you build a successful flipping or acquisition business. We understand how dynamic the investment real estate market is. That’s why our customer service is often described as “unparalleled.” We work with a sense of urgency—which is often required—so timely and informed decisions can be made quickly.
Lead Funding is a spin off from Essence Homes, a regional builder, remodeler, and developer that operated in Arizona and Colorado. Since 2009, the company has successfully completed over $90,000,000 in residential projects.
“Our commitment is straightforward and will not deviate. Lead Funding will continuously strive to get better so our investor partners can maximize their profits. Our commitment for excellence will never stop from the initial call to funding to completing the remodel to a profitable resale. With Lead Funding, you’ll always be assured you’re dealing with competent professionals who strive to exceed your expectations.” – Victor Mitchell, CEO and Founder
License
NMLS# 1375924, AZBK# 0930466
Year Established
2008
Office Locations
755 Belfry Court, Castle Rock, CO 80108Primary Capital Source
- Own Funds
Alternative Capital Sources
- Individual Investors
- Bank Credit Line
Loan Structure for Majority of Loans
- Own Balance Sheet
Alternative Loan Structures
- Own Balance Sheet
Percentage of company’s lending business focused on private mortgage
100%
Percentage of Loans Secured by Commercial Property
15%
Percentage of Loans Secured by Residential Property
95%
Percentage of Residential Property Loans Which are Fix and Flip
90%
Percentage of Loans Secured by Land
5%
Percentage of Commercial Property Loans Which are Ground-Up Construction
3%
Percentage of Residential Property Loans Which are Ground-Up Construction
10%
Total Number of Loans Funded to Date
850
Total Loan Volume Funded to Date
$330,000,000
2017 Number of Loans Funded
180
2017 Loan Volume Funded
$65,000,000
2018 Number of Loans Funded
73
2018 Loan Volume Funded
$60,000,000

Victor Mitchell
CEO
Victor Mitchell, 52, of Castle Rock, Colorado is a successful businessman and life-long entrepreneur who has founded or turned around varied companies ranging from wireless to technology to real estate services to finance. As the CEO & Founder of Lead Funding, the company has experienced high organic growth since its inception in 2008, serving clientele in multiple states. Victor Mitchell previously founded several successful wireless communications companies and turned around several others. His innovative management strategies allowed numerous “mom-and-pop” wireless retailers to achieve financial success by aggregating their selling power to bargain successfully for favorable rights from national wireless service providers. In 2000, one of his companies was named “Colorado Small Business of the Year” by the Denver Metro Chamber of Commerce. Mitchell has also been featured in Entrepreneur magazine, CNN, and many other well-known publications. When he’s not serving his company, Mr. Mitchell serves the broader Colorado community. Victor and his wife of 28 years, Amy, have been active in numerous civic and community organizations, including the Rotary Club and Meals on Wheels. Mr. Mitchell is also a former Colorado State Representative and served in Colorado’s 66th General Assembly representing a population of 80,000. Ever the entrepreneur, at only 21 years of age while attending college, Victor Mitchell started his first enterprise. Subsequently, he has never worked for anyone else. Victor Mitchell has served as an adjunct faculty member in the College of Business at Colorado State University and completed his undergraduate degree at San Diego State University and earned his master’s degree at The Kennedy School of Government at Harvard University. The Denver Business Journal placed Mr. Mitchell on its coveted “top 40 under 40” list of business executives. Victor Mitchell was a finalist in Ernst and Young’s nationally recognized “Entrepreneur of the Year” contest.

Jason Richards
Vice President - Operations
Jason Richards is a highly seasoned expert in the real estate industry. He has an extensive background in Title Insurance and Settlement Services which provides resources to Lead Funding clients not found anywhere else in private financing. His entry into the real estate sector dates to 1996 and includes a broad scope of responsibilities including Business Development, Operations Management, and Growth Planning. Jason brings a unique set of skills to Lead Funding that provide invaluable insight, robustness of process, and scalability. His foresight and keen eye for potential pitfalls provides tremendous value to our clients and ensures the stability and longevity of Lead Funding.

Al Roberson
Vice President - Business Development and Construction
Al Roberson oversees all aspects of Lead Funding’ site visits and construction draws. Al has a long history of exceptional customer support in conjunction with over 10-years of development experience. Al personally has managed more than $140M of construction projects including new home builds, large and small fix-n-flips, pop-tops, and large apartment renovations. Al also has deep institutional knowledge in contractor negotiations, contracts and waivers, and has established a trusted network of construction related vendors and sub-trades. Al served in the U.S. Navy for 6 years and has worked with Victor Mitchell for the past 30 years.
Completed Transactions
Lead Funding
Arapahoe County, CO
$2,300,000
Residential Ground-Up Construction
Lead Funding
Aurora, CO
$6,600,000
Commercial Ground-Up Construction
Lead Funding
Alamo Heights, TX
$630,000
Residential Ground-Up Construction