Colorado Rental Loans
Colorado Rental Loans For Real Estate Investors
Asset Based Lending is helping buy & hold investors scale their rental portfolio using our term rental loans. We designed these private rental loans for BRRRR investors that want to invest in 1-8 family properties, or cash out on properties they’re already holding in their portfolio. These doc-light rental loans require no income verification and are focused on the asset, determining the property’s viability before moving forward on the deal. Our loans are highly competitive with rates starting as low as 6.75% and leverage up to 80% LTV. We provide a variety of rental loan options to meet borrower needs including 30-year amortization, ARM, and interest-only options. ABL offers rental loans for single-family and multi-family properties, as well as portfolio loans, allowing investors flexibility in their investment opportunities.
ABL works with rental investors of all experience levels and lends on a variety of rental properties, including single-family and multifamily as well as short-term and long-term rentals. We can provide single rental loans capped at $3M and portfolio loans capped at $6.25M. Whether its your first rental property in Denver or you’re expanding your current portfolio in Colorado Springs, our team is ready to deliver our signature five-star loan process. Contact us today to be approved for your Colorado rental loans.
CO Rental Loan Highlights
- No personal income verification
- Light doc program
- Portfolio loans available
- 30 year, ARM, I/O options
- Rates as low as 6.75%
- Up to 80% LTV
- 620 minimum credit score
- Close term rental loan in 30 days
- Rate locks available
Find You The Perfect Rental Property Financing In Colorado.
No Broker Fee
ABL isn’t brokering your loans, so you’ll never pay us broker fees. We’re a direct lender that underwrites, processes, and funds in house.
Peace of Mind
Competitive Rates & LTVs
The ABL Difference
Colorado Rental Property Producing High ROI
High population growth and lack of housing inventory has led to more Colorado residents renting their property for longer periods of time, along with rental prices shooting up. For example, the average rent in Denver for a one-bedroom apartment reached $2,064 in February 2022, which is a 5% increase from the previous year and a whopping 22% higher than the year before that. Other markets throughout the state are seeing similar levels of rent increases, such as Golden which has an average one-bedroom apartment rent of $2,048 which marks a nearly 16% increase year over year. These rising rents are occurring statewide, so real estate investors need to acquire their rental property fast to begin generating passive monthly income. With the entire state going through a real estate boom, there’s no shortage of opportunities for BRRRR investors to begin or expand their Colorado rental portfolio.
Asset Based Lending are experts in the local Colorado real estate markets and trends, which helps us provide borrowers with the best rental loans in the area. We offer term rental loans throughout the state, allowing buy and hold investors a way to reliably fund their investment strategy. Whether you’re looking to invest in your first rental property or are a seasoned professional looking to expand your portfolio, ABL is here to help. Contact us today to be approved for the trustworthy rental loans CO has to offer.
Why BRRRR Investors Choose To Purchase Or Refinance Colorado Rental Property
Every real estate investor has their exit strategies in mind that will fit their business model. Some investors prefer quick bursts of profit from fix and flips that allows them to chain together multiple projects a year and use each deal’s profits to help fund the next deal. Other investors prefer slower, long-term investment strategies that involves holding property in their portfolio and using a mix of property appreciation along with rental price increases to gradually generate profit. By acquiring rental property and holding it as an income-producing asset, rental investors can use the passive monthly income or perform a cash out refinance to fund their next investment project while keeping the property in their portfolio.
This kind of long-term investing strategy has become very popular in recent years and is known as the BRRRR method. BRRRR is an acronym that stands for buy, rehab, rent, refinance, repeat. The strategy is simple: investors purchase a property they plan on holding, they renovate it to increase its market value, they rent it out to generate passive income, they refinance the loan to pull cash out and get more favorable terms, and then they repeat the process with another rental property. This allows investors to rapidly expand their rental portfolio and set themselves on a path of financial freedom thanks to the consistent monthly income.
Getting a loan for rental property can be difficult, but Asset Based Lending makes the process fast and simple. ABL manages your short-term rental loan from start to finish and uses as much of the same documentation as possible for the transition into a long term refinance, saving you time and ensuring you the most competitive rates possible. Our team of experts awards experienced investors with reliable capital and professional draw management to keep your project funded from start to finish without delays. With over a decade of successful lending and over 400 five-star reviews, ABL is the premier choice for rental loans in Colorado. If you’re ready to start utilizing the BRRRR strategy, contact us today to be approved for your private rental loan.