TABS, LLC is a family owned and operated hard money lender in Colorado. We are a private lender that provides loan programs for both residential (non-owner occupied) and commercial properties in Colorado. Our goal is to help real estate investors be able to purchase properties in Colorado that they wouldn’t otherwise be able to qualify through typical financial institutions. We provide the opportunity to purchase and rehab properties or buy and hold properties! We specialize in hard money mortgages, short term interest only loans, and much more.

What makes TABS, LLC unique?
We create value by our ability to act quickly and professionally. An advantage of our hard money is our negotiating power and that our clients know they are always speaking with a decision maker. Our goal is to continue to have repeat clients and to bring on new clients so that they are able to create successful real estate transactions.

Property Geographic Area Details
All Colorado metro areas
Loan Amounts
$100,000 to $5,000,000
Interest Rates
10% to 14%
Loan Terms
1 months to 24 months
Origination Fees
2% to 4%
Lien Position
1st
Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
  • Development Project
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Property Types

  • 2-4 Units Residential
  • Agricultural
  • Assisted Living Facility
  • Cannabis Dispensary
  • Cannabis Grow Facility
  • Car Wash
  • Commercial Condominium
  • Commercial Land
  • Condominium
  • Gas Station
  • Mixed-Use
  • Multifamily
  • Office
  • Parking Lot
  • Portfolio of Residential Properties
  • Residential Land
  • Retail
  • Senior Housing
  • Single Family Residence
  • Storage Facility
  • Student Housing

Loan Types

  • Private Money
  • Hard Money
  • Residential Bridge
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction
  • Residential Owner-Occupied
  • Commercial Bridge

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land
  • Office Land
  • Retail Land
  • Agricultural Land

Will Consider Land That is NOT Entitled

yes

Max LTV for Land

50%

Max LTC for Land Acquisition

50%

Max Loan-to-Purchase Price

70%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Seller Financing
  • Family

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%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

0

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

70%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Legal Fee

For certain situations we might require a legal fee.

Title Fee

Title fees apply from 3rd Party.

Credit Report Fee

We require a $100 application fee per applicant. This includes the Background Check Fee.

Background Check Fee

We require a $100 application fee per applicant. This includes the Credit Report Fee.

Background Check Fee

We require a $100 application fee per applicant. This includes the Credit Report Fee.

Extension Fee

At maturity, extension fees may apply.

Appraisal Fee

Appraisal fees may apply depending on commercial property.

Environmental Report Fee

Environment Report Fee may apply depending upon vacant land or commercial property.

Renovation Construction Draw Fee

$Draw Fees may apply.

Minimum Origination Fee Amount

$2,000

Fees which are mandatory for all new borrower clients

  • Inspection Fee
  • Credit Report Fee
  • Background Check Fee

Fees which are paid to a third party company

  • Legal Fee
  • Appraisal Fee
  • Inspection Fee
  • Title Fee

Details and Requirements

Typical Closing Time (Days)

5

Fastest Closing Time (Days)

1

Payment Structure
  • Interest Only
  • Interest Reserve
Pre Payment Penalty

no

Will lend to a foreign national

yes

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

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
  • Self-Directed IRA
Documentation Required
  • Credit Report
  • Bank Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Sometimes
Credit Check Required

yes

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Always Before Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Additional Details

TABS loans are originated and serviced by TABS Lending, LLC a Licensed Mortgage Company in the State of Colorado: Colorado License #100052579, NMLS ID 1210695. Loan products are not available outside of the State of Colorado.

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Tabs LLC pays us to be listed, so there is no fee to connect with them directly.

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TABS LLC is a family owned and operated hard money lender in Colorado, especially the Denver Metro area. We specialize in financing non-owner occupied investment properties in Colorado. Our specialty is hard money mortgages, short term interest only loans, private loans, and real estate investment loans. At TABS, LLC you are always speaking with a decision maker; Todd E. Thomas, Brandi Thomas and Alex Thomas are partners. We all live and breathe Colorado real estate, so if you have a question give us a call.

TABS loans are originated and serviced by TABS Lending, LLC a Licensed Mortgage Company in the State of Colorado: Colorado License #100052579, NMLS ID 1210695. Loan products are not available outside of the State of Colorado.

License

Colorado Lic. 100052579, NMLS ID 1210695

Year Established

2008

Office Locations

TABS, LLC Office
7907 Zenobia St., Westminster, Colorado 80030

Primary Capital Source
  • Own Funds
Alternative Capital Sources
  • Own Funds
  • Bank Credit Line
  • Asset Management Companies
Loan Structure for Majority of Loans
  • Own Balance Sheet

Our Team

Alex Thomas

Partner

NMLS - 1163053

Brandi Thomas

Partner

Todd Thomas

Managing Partner

Contact Tabs LLC

Tabs LLC pays us to be listed, so there is no fee to connect with them directly.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
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Our Minimum Loan Amount Is

$100,000

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