Construction Loans
Colorado Denver Construction Loan Lenders
Real Estate Construction loan Lenders
Construction loans Colorado by Pinetree Real Estate Finance are an excellent option if you are looking to buy land and finance the building of a brand-new structure. Many individuals opt for these loans when building a new home. A new construction loan program can alleviate some of the stress that goes with such a project and allow you to focus on the more fun aspects of designing and building your dream home.
This loan program also works for multi-family properties that are already owned and need renovations. A construction loan can help the borrower pay off the original mortgage and receive short-term funds to cover renovation costs.
Pinetree’s Construction Loan Program provides borrowers with the necessary funding to renovate or construct a property until it is fully leased to qualify for a long-term loan.
Short-term bridge loans and hard money commercial real estate loans are your best options if you need an immediate source of funding quickly to, say, secure a business deal or a commercial land deal. This also helps you gain an edge over your competitors until your long-term loan comes through.
How Do Construction Loans Work?
- By investing in real estate, Pinetree home construction loans help define the total costs of construction or renovation until a long-term loan is financed by working with the borrower.
- An appraisal is then made on the building’s full leased value, assuming an appropriate occupancy level and rental increment to the market value.
- Once the appraisal is complete and the final construction loan is approved, Pinetree Real Estate Investment Group will disburse funds in increments, called “draws.” The total amount will cover about 60-65% of the property’s full lease value. A 20-30% down payment is usually required for new constructions. This is often lower for renovation projects.
- Construction loans are typically longer-term and with lower interest rates than other financing options, such as personal loans or lines of credit. Construction loan rates vary from 9-10% with a typical loan period of 12 months. This period allows the borrower ample time to complete the project and arrange long-term financing.
- The borrower can later refinance their property at a lower construction loan rate. The rate is based on loan-to-cost, which is the original amount borrowed divided by the total construction cost. This refinance is usually a one-time close so that the borrower doesn’t have to again go through the rigid pre-qualification process of government money lending institutions.
Get the Best Colorado Commercial Real Estate Financing
Colorado is home to one of the fastest-growing real estate markets in the United States. As a premium commercial real estate loan lender, Pinetree Financial is proud to be at the front and center of this growth and development. We offer customized loan programs with competitive commercial real estate loan rates.
If you are looking for commercial real estate financing with less hassle, fast approval, and no delays, you have come to the right place. Pinetree Financial offers you a quicker, easier, and more efficient way to finance your real estate project by offering several short-term and long-term loan options.
The problems you may face in securing a long-term financing can arise from missing documents, delays in the approval process of the regular banks, or ineligibility due to issues like poor credit history. Pinetree’s professionals will be happy to guide you through the best alternate financing options, reducing further setbacks in minimal time and with minimal red tape.
Denver Private Real Estate Financing
When you are purchasing a property to save it from foreclosure, building a new property, or perhaps renovating, you may consider a private loan. Many individuals interested in real estate investment, like rental properties or house flipping, opt for hard money loan financing.
We don’t believe that one size fits all, which is why we carve out the best flexible terms that suit your situation.
Why Do People Take Hard Money Construction Loans?
Hard Money loans are a quick way out of common foreclosure problems, or of any kind of real estate situation that requires quick payment.
Our loan products help people secure competitive gains, get enough time to apply for a long-term loan, or simply buy time for new construction or renovation purposes.
New home construction loans, on the other hand, are longer term and generally acquired for the construction of property, for property renovations, or for land purchases. They require good financial standing and are ultimately expected to be refinanced into a long-term mortgage.
In both cases, Pinetree Financial makes it possible for its clients to secure the best financing for their specific project. Since these are considered high-risk loans, the interest rates might seem higher upfront. Nonetheless, they can be a viable option in the Colorado Springs real estate market and Denver real estate market.
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About Us
Pinetree Financial is a leading locally owned organization based in Denver, Colorado that deals in all kinds of construction loans. We have been doing this for a while, so we know what works best for our clients based across Colorado. We offer customized, flexible plans that are crafted to suit every borrower’s specific needs. Pinetree’s core values promote transparency, quick processing, and no red tape.
Whether you require a short-term bridge loan, construction loan, or a hard money loan for any property within the state, we are here to help you. Don’t put your dreams on hold for lack of financing.
Get in touch with us today to know more.
Bridge Loan Requests or Questions
If you have a loan request, call Chris Shopneck at 720.339.8846 or Andy Shopneck at 303-596-3670. If you have questions on an existing loan program, you can reach Pinetree Financial Partners Group office at call us at 303-331-0133.