Good Funds Lending LLC

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[Total: 14    Average: 4.1/5]

Phone: 303-319-9169

Address: 4903 Pinyon Dr, Littleton, CO 80123

Website: https://goodfundslending.com/

States They Lend In: Colorado

 

Rehab Loans (Residential)

 

Loan Purpose: Facilitate the acquisition and repair of a property (for Fix & Flip, Fix for Refi and Hold).

Loan Amounts:  $80,000–$650,000

Interest Rate (based 360 day year):  12% (simple interest)

Origination Fee: 2%

Documentation Fees:  (only charged if the loan is originated) $1000

Pre-Approval Application Fee: $0

Appraisal Fee: $0 (Not Applicable)

Full Application Fee: $0

Maximum Loan Ratios*: Up to 70% of est. after repair value for single family detached property. Up to 65% of est. after repair value for condos & townhomes

Maximum Funds Toward Purchase: Up to 90% of est. current market value

Maximum Funds Toward Rehab/Repair: Up to the lesser of $100,000 or 70% of est. ARV less Funds Toward Purchase

Loan Term Length: 180 days+Optional 180 day extension

 

Low LTV Loans

 

Loan Purpose: Facilitate the acquisition and repair of a property, in order to quickly sell the property.

Loan Amounts: $100,000–$650,000

Interest Rate: 9%

Origination Fee: 2%

Documentation Fees:  (only charged if the loan is originated) $1000

Pre-Approval Application Fee:  $0\Appraisal Fee: $0 (Not Applicable)

Full Application Fee:  $0

Maximum Loan Ratios: Up to 70% of lower of est. current value or purchase price. LTV for commercial and industrial properties is case by case

Maximum Funds Toward Rehab/Repair: $0 (See the regular fix & flip loan program if borrowed rehab funds are needed)

Loan Term Length:  180 days +Optional 180 day extension

 

30 Day Bridge Loans

 

Loan Purpose: Intended to help investors obtain funds investments for a short term period.

Loan Amounts: $100,000–$1,500,000

Origination Fee: 1% (No Repeat Borrower Discount for this loan program)

Interest Rate: 1% Per 30 days

Documentation Fees: (only charged if the loan is originated) $1000 (potentially rolled into loan)

Pre-Approval Application Fee: $0

Appraisal Fee: $0 (Not Applicable)

Full Application Fee: $0

Maximum Loan Ratios: Up to 70% of lower of est. current value or purchase price for single family detached or 1-4 unit attached residential

Permitted use of loan funds:  Purchase, loan origination fee and other investments

Loan Term Length: 30 days+Up to five 30 day extensions

 

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