Why Choose A Private Lender in Colorado?
Private lenders have become popular in the real estate industry because we have a different underwriting process. Unlike banks, we’re not bogged down by stringent policies or red tape. Our focus is to provide comfortable financing options to real estate investors that they use to get promising opportunities. Here’s a look at how we work as an experienced private lender in Colorado:
- Higher Rates of Approval – Private lenders are willing to take on more risk than traditional financial institutions. We look at a property’s investment potential instead of looking at your credit score or financial history. If you have a good approach plan, we are willing to work with you.
- Getting to Know The Borrower – Our team looks for smart investments, and getting to know the buyer is a part of that process. We look at your past investments, skill set, experience in the real estate industry, and other such factors that can influence the investment.
- Looking at the Property – We also look at the property you want to invest in to understand its potential. Will the property’s rental income cover the loan cost? How much money do you need to refine the fixer-upper for sale? We consider these options before providing a loan offer.
If you want advice or more information from an experienced private lender in Colorado, don’t hesitate to reach out to us at Abbey Mortgage & Investments for a customized plan.