Hard Money Loans in Colorado

Colorado flips usually start with older housing near a downtown: a Denver bungalow with original wiring, a Colorado Springs ranch that needs a kitchen, a Lakewood split-level with dated baths. Finishing the basement to add bedrooms is a common way to add value, so budget for egress windows and permits, plus a sewer scope and a roof check for hail damage.

Apex's hard money fix and flip loans fund up to 92.50% of total cost and up to 100% of the rehab budget, with draws released as work is inspected. First-time investors are welcome, and the minimum FICO is 650.

DSCR loans fit the rentals Colorado investors hold for the long run: single-family homes and duplexes near the Colorado Springs bases, townhomes in Aurora near the medical campus, and houses close to Colorado State in Fort Collins. Apex qualifies these loans on the property's rent, not your personal income, with DSCR as low as 0.75x, 30-year fixed and ARM options, loans from $100K to $3M+ and cash-out refinancing up to 80% LTV. Reaching the full 80% takes a stronger DSCR and credit score than the program minimums, so leverage on each file is set by its DSCR and credit.

Short-term rentals are eligible too, which matters in the mountain towns, but nightly rental rules are set locally, so confirm the property can be licensed first.

Bridge loans in Colorado usually solve a timing problem. A buyer may need to close on a Denver duplex before another property sells, or buy a rental with a long-term tenant in place, where Colorado's for-cause eviction law means renovation plans have to fit within the lease and the notice the law requires. Others use a hard money bridge to buy a vacant mountain condo, finish light work and lease it.

Apex sets bridge terms deal by deal, considers first-time and experienced sponsors, and sends a term sheet within 12-24 hours. Exits are usually a sale or a DSCR refinance.

Ground-up work in Colorado tends to be infill or edge-of-town building: scrape-and-rebuild lots in older Denver neighborhoods and spec homes in newer suburbs around Denver and Colorado Springs. State law now makes many Front Range cities allow an accessory dwelling unit on single-family lots. Order the soils report early, since swelling clay can change the foundation design, and in the foothills plan for wildfire mitigation and snow loads.

Apex funds up to 100% of the construction budget, released in stages against inspected progress, and the lot purchase can be included. Approved plans are required before closing.