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
  • Commercial Bridge
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Commercial Ground-Up Construction
  • Residential Ground-Up Construction

Specialty Loan Types

  • Cannabis Use Properties

Purchase Loan

Max Loan-To-Purchase Price

100.00%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed 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

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100.00%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

1

Maximum After Repair Value

75.00%

Construction Loan

Development Experience Required

no

Minimum Number of Ground-Up Construction Projects Completed by Borrower

0

Max LTC for Ground-Up Construction Costs

100.00%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

3

Fastest Closing Time (Days)

1

Works 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

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will 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

Always

Credit Check Required

yes

Credit 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

Sometimes

Appraisal Required for Commercial Property

Always After Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Fees

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 80108

Primary 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

Private Loan Funding
Arapahoe County, CO
$2,300,000
Portfolio of Residential Properties

Residential Ground-Up Construction

Lead Funding

Private Loan Funding
Aurora, CO
$6,600,000
Multifamily

Commercial Ground-Up Construction

Lead Funding

Private Loan Funding
Alamo Heights, TX
$630,000
Single Family Residence

Residential Ground-Up Construction

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

acres

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