3 Options for Getting a Colorado Commercial Real Estate Loan

Thinking about buying or renovating a piece of Commercial real estate? Unless you’ve got deep pockets, you’ll need to find a Colorado Commercial Real Estate Loan to finance it. Here are a few options to get you started.

There’s no such thing as a one-size-fits-all Commercial loan. They all vary in terms of the eligibility requirements, the amount you can get, how long it will take, and the rates. Here are a few of the most common:

  1. Traditional Financial Institutions. Bank loans are the first thing most people think about when they consider getting financing. There’s a good reason for that — they can usually get you more money, lower rates, and fewer fees. However, they can be really hard to get. Typically, they’re reserved for people with a spotless financial history, a blemish-free credit score, and, in the case of Commercial properties, a profitable business.
  2. Arizona Bridge Loans. Arizona Bridge Loans are short-term loans that are used to cover the purchase or renovation of a Commercial property. The interest rates are a little higher and the terms are shorter, but they are usually easier to qualify for. The idea is to get an Arizona Bridge Loan while you are waiting for other, longer-term financing.
  3. Colorado Hard Money Loans. Hard money Colorado Commercial Real Estate Loans come from private investors, so they operate outside of the strict regulations of the conventional lending institutions. This gives them a number of distinct advantages over the banks. The qualification requirements are lower, the terms are shorter, and the process is much faster.

The Advantages a Hard Money Colorado Commercial Real Estate Loan

As we touched on above, Colorado Hard Money Loans are ideal for people who need to get their funding quickly and people who will be able to pay the loan back in a relatively short period of time. With a Colorado Hard Money Loan, you put property up as collateral, so lenders are less concerned about digging into your past or making sure your credit score is spotless. Of course, there is more risk for the hard money lender, so interest rates are higher than what you’d get with a bank loan.

Finding a Colorado Commercial Real Estate Loan

Opening or renovating a Commercial property in Colorado? You’ve come to the right place. We guarantee the best rates in the state on Colorado Commercial Real Estate Loans and we’ve been doing it for decades. Sit down with us today — we’ll listen to your plans and find a way to help you get the financing you need.

Dennis Dahlber Broker Ri CEO Level 4 Funding LLCDennis Dahlberg
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
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About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.

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