Colorado Construction Lenders for Residential Properties
Are you building a residential investment property in Colorado? On this page you'll find a list of private construction lenders for ground-up projects throughout Colorado's urban areas. The maximum loan-to-completed value (LTCV) for most lenders in Colorado is 70%. You typically need to contribute 20%-25% of the project costs and have some cash reserves. Development experience is almost always required. Most lenders will require the project to be fully entitled and shovel ready. A small percentage of lenders will consider land acquisition and/or horizontal financing. The lenders listed here can fund a single home build, or a development with multiple homes. We have a separate page for lenders that offer ground-up construction financing for commercial properties.Searching...
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Nationwide Mortgage
Outstanding Service for Investment Property Bridge, Rehab, Rental, and Construction Loans
Residential Construction Loan Transactions in Colorado
Private Construction Loan for Housing Development in Arapahoe County, Colorado
$2,300,000
Lead Funding, a Colorado-based private lender, funded a $2,300,000 1st lien position private money construction loan for a large single-family home development project in Eastern Arapahoe County, CO. The developer had a very large operation and has completed several large developments in the area over the past few years. On this particular development, we have provided financing for several phases of the 150-lot project. A number of the homes have already been built and sold. Our most recent loan was a total of $2.3MM for the horizontal and vertical construction of 8 homes. The loan-to-cost was just under 100%. The estimated sale price for each home is $575,000 which will result in a 50% loan-to-value. The builder offers 10 different models to choose from. Ranch and two-story models to choose from. Many features can be upgraded at the buyer’s option. This SFR ground-up construction loan was funded in April 2019.