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
I have the ability to take a house from another investor for $100,000, plus it will take about $40,000 to renovate….. the comps in the neighborhood are $250,000!!!! Can you help me with funding ??