Fix And Flip Loans In Colorado
The Best Colorado Lender for Fix And Flip Loans
Asset Based Lending is the premier hard money lender for Colorado fix and flip loans, providing fast and flexible financing for real estate investors across The Centennial State. We’ve funded well over $2B in real estate loans over the last ten years, helping thousands of investors rehab and flip properties of varying project sizes. ABL specializes in closing deals quickly, averaging just 10 business days and the ability to close as fast as two days with the appropriate paperwork. These 12-month bridge loans are designed for real estate investors that need reliable capital to acquire their investment property and complete the renovation needed before flipping the property for a profit. With our flip loans originated and completed fully in-house, ABL guarantees you a five-star experience from your initial phone call through your final payoff.
ABL is a direct hard money lender with a wide variety of loan options, utilizing flexible underwriting to ensure you receive a loan that is tailored to your specific needs. Fix and flip investors have different needs and exit strategies, so ABL provides loan options that can shift towards lower rates, maximum LTV, or doc-light approaches to your fix and flip loan. Whether you’re a first-time investor or a seasoned professional looking to scale, Asset Based Lending is ready to help. Contact us today to be approved for the best Colorado fix and flip loan on the market.
| Experience | Credit Score Minimum | Interest Rate | Points | Advance Rate On Purchase | Advance Rate On Rehab | ARV | Property Types | Pre-Pay Penalty | Extensions | Blanket Loans | Loan Size | Loan Terms |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Any | 660 | 9.99%-15% | 0-2% | Up to 85% | 100% | Up to 70% | Single Family, Multi Family, Mixed Use | No | Available | Yes | $75K - $3.5M | 12 Months |
Closing Speed
Underwriting Flexibility
Competitive Rates
ABL funds fix and flip investments at interest rates starting at 9.99% with a little as 0–2% points, and repeat borrowers receive preferred pricing. Loan amounts range from $75K – $3.5M.
Same Day Pre-Approval. Up To 90% Funding.
Colorado Fix And Flips Seeing Large ROI
With a population boom over the last decade and record-low housing inventory in the state, Colorado fix and flips have seen a boost to their ROI. As recently as 2020, the average gross profit of a Colorado fix and flip reached $68,000. However, the window of opportunity is closing for fix and flip investors that aren’t using fast and reliable financing to remain competitive in the market. Homes are selling incredibly fast, with the average home spending only 11 days on market and typically receiving numerous bids above asking price. Average home sale prices for the state have also skyrocketed, reaching $592,900 which is a 19% increase from the previous year. These rising prices and fast moving market means investors need to work with a reliable hard money lender to ensure they aren’t pushed out of this active market.
The state is outpacing most of the country’s real estate growth metrics with higher population growth, higher property appreciation rates, and a lower unemployment rate. These are the kinds of stats that Colorado fix and flip investors love to see, as it means their time and money can yield a strong return. Investors will need to be proactive in the market and work with a strong network to find consistent deals, as the lack of inventory is currently the most prohibitive issue for fix and flips. As of now, the most competitive Colorado cities for fix and flips are Denver, Golden, Colorado Springs, Windsor, and Wheat Ridge. Asset Based Lending offers rehab loans across all of these cities and more, providing investors with the best Colorado fix and flip loans on the market.
Using A Hard Money Lender For Colorado Real Estate Investments
There’s no shortage of financing available for fix and flip investors in Colorado, with banks and private money lenders offering funding for this desirable asset class. Each form of financing has its pros and cons, although most professional real estate investors tend to prefer hard money loans when they’re working on fast moving fix and flip deals. For example, let’s say you’re a real estate investor looking for a bank loan for fix and flips. Banks require tons of documentation, including verified proof of income, which creates a long lending process and means investors have to provide a lot of information across their financials. Plus, banks are highly risk-averse with their lending practices and won’t work with newer investors or more intense rehab projects. Private money lenders require much less documentation and often move very quickly, however private fix and flip lenders in Colorado don’t have the same level of security that banks do which puts more risk onto the borrower.
Hard money lenders combine the best of both worlds, providing the security and trust of a large financial institution with the doc-light approach and fast lending process of a private money lender. Hard money loans are typically 12-month, interest-only loans that cover the majority of property acquisition and all rehab costs. These fix and flip hard money loans don’t require income verification or take months to close a deal- they close within a few weeks at most and are assessed on the viability of the property along with borrower’s credit and bank statements. Direct hard money lenders like Asset Based Lending offer fix and flip loans to real estate investors of all experience levels, providing the same five-star experience to first-time investors as seasoned professionals. With quick closings, flexible underwriting, and reliable draw turnarounds, ABL provides the best hard money loans CO has to offer.
Why Colorado Investors Choose Asset Based Lending Hard Money Loans
With the markets being so competitive and the barrier to entry costs increasing every day, real estate investors need fast and reliable financing to secure their property and renovation materials in a timely manner. Asset Based Lending works hard to close deals fast, as quickly as two days with the appropriate paperwork, so our borrowers never miss out on a deal and can continue stringing together profitable flips all year. We offer flexible loan sizes ranging from $75K to $3.5M with quick draw turnaround, so your renovations never experience a financial delay.
As investors ourselves, ABL understands the simple and transparent loan process that real estate investors are looking for. Whether you’re working on your first fix and flip in Colorado Springs or flipping multiple homes a year in Golden, our team is ready to help. We never charge a prepayment penalty so our borrowers aren’t punished for a fast and successful flip. Contact us today to be approved as quickly as 24 hours for your Colorado fix and flip loan.
