Renovation Loans

Is a Hard Money Renovation Loan Right for Me?

Also referred to as hard money rehab loans or “fix and flip” loans, hard money renovation loans can be an appealing option for short-term investors. In general, hard money renovation loans can be ideal when:

• Borrowers don’t qualify for conventional lending options: This can happen when borrowers have bad credit, they aren’t earning enough income, or they have less-than-perfect debt-to-income ratios. Since hard money loans are based on the value of the collateral and not the borrower’s qualifications, borrowers who can’t get a traditional loan can still qualify for a hard money renovation loan.
• Borrowers can’t wait for traditional lenders: If a borrower needs cash fast and doesn’t want to deal with the waiting, paperwork, and other hassles that can be involved with traditional lending, getting a hard money rehab loan can be a better option.
• Other circumstances exist: Some borrowers may be looking for unique or specific loan terms that conventional lenders simply won’t provide. In these cases, hard money renovation loans may be one of the only financing options available.

At COHI Capital, we work closely with each investor to add the flexibility they need to their renovation loans. While loan terms and pricing can vary from loan to loan, here are some of the factors we generally consider when evaluating rehab loans:

• Property use
• Property location
• Square footage
• Any existing structural damage
• Planned structural changes and add-ons
• Estimated renovation costs

Contact COHI Capital to Find Out More About Our Renovation Loans

As a leading private equity lender, COHI Capital has the options and loans you’re looking for when it’s time to borrow money and fix up an investment or commercial property.

For more than 10 years, we have been funding short-term real estate loans for several types of properties in Colorado and other select states, including commercial properties, investment properties, secondary residential properties, and more.

Call 970-922-3277 or email us now for more information about our hard money renovation loans for Colorado and other select states.

With a streamlined application process and approvals within 1 to 2 weeks, COHI is the lender you can trust for fast, flexible, efficient lending solutions, backed by honesty, transparency, and fair pricing. Plus, from the initial application through the final decision, you will always deal directly with the lender making the decision, not a broker.

From offices based in Denver, CO, COHI funds real estate loans, from $50,000 up to $3,000,000, for properties throughout the Denver metro area, the Front Range, the I-70 Corridor, and other select states.