Most likely, yes, provided you have made your payments on time, are not in default on any other loan provisions and the project fundamentals are substantially the same as those at the time the loan was originated. Our loan documents contain an extension provision.
Fix and Flip
Yes. While we will pull your credit report and examine additional financial information, our decision to make the loan will be based primarily on an inspection of the property itself, your rehab plans and our opinion of the value of the property following rehab. We understand that bad things can happen to good people.
Yes. We will consider making loans anywhere in Colorado. However, depending on the location, you may incur additional expenses, including, but not limited to, an inspection fee and an appraisal fee.
Yes, provided you can further secure the loan with sufficient equity in another piece of real estate. Our borrowers must have some “skin in the game.”