Colorado Bridge Lenders for Residential Properties
Are you seeking a bridge loan secured by residential property in Colorado? On this page you'll find a list of select bridge lenders for Colorado investment properties with 1 to 4 units. To get a 1st lien bridge loan, you must have at least 30% equity. Due to state laws and regulations, it's not possible to get a bridge loan for a homestead (owner-occupied primary residence) or 2nd home. Change the loan type to 'Residential Owner-Occupied' to find some alternative lending options.Searching...
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Malve Capital LLC
Fast And Easy Real Estate Loans. Closing as fast as 5 business days, subject to clear title.
Colorado Bridge Loan Interest Rates
According to the loan documents software company, Lightning Docs, the average interest rate for Colorado bridge loans in the 3rd quarter of 2024 was 10.85%. The average loan amount was $585,331. These stats are the average of 88 short-term loans (including rehab and ground-up construction loans) funded for properties in Colorado between July 1, 2024 and September 30, 2024 by multiple bridge lenders that use Lightning Docs as their preferred software provider to prepare loan documents.
According to private lending data provider, Analytics Logics, the average interest rate for bridge loans secured by residential investment properties in Colorado in the 3rd quarter of 2024 was 11.52%. Lenders charged an average of 2.3% points (origination fee). The average LTV (loan-to-value) for bridge loans in Colorado was 66%, and the average loan amount was $731,400. These stats are the average of all the loans which were funded between July 1, 2024 and September 30, 2024 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Top 10 Colorado Bridge Loan Lenders
According to Forecasaâ„¢, here are the Top 10 Bridge Lenders ranked by the number of bridge loans originated in Colorado from June 2023 to May 2024.
- Capital Fund I LLC
- Merchants Mortgage and Trust Corporation
- Indicate Capital Fund
- Kiavi
- Boomerang Capital Partners
- Renovo Financial
- Lead Funding LLC
- Weinberg Servicing LLC</li
- PFG Fund (Pine Financial Group)
- Colorado Enterprise Fund INC
Forecasaâ„¢ gives investors and lenders in the private real estate market powerful analytics and actionable insights. They help you skip the hassle of combing county records and focus on closing deals. With detailed market trends, investor and lender activities, and competitive benchmarking, you can make smart, strategic decisions. Some of their services include dynamic market reports, transaction-level details, customer analytics, borrower verification, and in-depth profiles of investors, lenders, and capital partners. You’ll find their top lenders data for many other states on our platform.
Funded Residential Bridge Loans in Colorado
Refinance Bridge Loan for Short-Term Rental Home in Denver, Colorado
$555,000
Center Street Lending, a direct private lending firm funded a $550,000 bridge loan for the purchase of a single-family residence in Denver, CO. The purchase price was approximately $733,000 so our 1st mortgage was a 75% loan-to-value and the Borrower put down 25% cash. They plan to operate a short-term rental with nightly or weekly guests. Conventional lenders don’t currently lend on these types of rentals, and even most private/hard money lenders won’t consider them either. Center Street is comfortable with short-term rental in select metro areas, and the projected income is likely to be greater than a standard long-term tenant. The loan term was set at 36 months. The Borrower plans to eventually refinance into a permanent loan once a rental track record has been established for at least one or two years. This SFR bridge loan was funded in September 2021.