Unique Underwriting Process of Private Lenders
Banks and private lenders approach real estate investment differently. They see it as a high-risk option while we see a promising investment opportunity. That’s why we have a different underwriting approach that generates favorable results for real estate investors. Here’s a look at the underwriting process of successful private money lenders in Colorado:
- Buyer – Our first step is to understand the buyer or investor. We look at your investment history, past successes, and failures and take the time to understand your approach. While we look at credit scores, it doesn’t play a significant role in our decision.
- Buyer’s Investment – As an experienced lender, we notice trends in investor behavior. People who have put down a substantial amount of money are less likely to default. We base our approval and interest rates on how much you are willing to risk on the project.
- Property – As seasoned private money lenders in Colorado, we know that the investor is only one part of the equation. Our experts look at the property and take time to understand its potential before making a decision.
Our underwriting process is straightforward and designed to benefit the client. We get through it quickly and won’t demand mountains of paperwork for it.
If you want advice or more information from experienced private money lenders in Colorado, don’t hesitate to reach out to us at Abbey Mortgage & Investments for a customized plan.