Fairview Lending

About Fairview Lending

Fairview Lending is an Evergreen, CO based private lender who provides loans throughout the state of Colorado and also in Atlanta, Georgia. They offer loans for many different needs and situations, including short term fix and flip loans, private commercial loans, and loans for investments properties. They provide loan amounts up to $3,000,000 with a maximum LTV of 60% and terms up to 5 years. Their loan guidelines do not include a minimum FICO score. They make loans on most property types, including single family units, multi-family, apartments, offices, retail storefronts, hotels/motels, storage buildings, assisted living communities, mixed use spaces, warehouses, industrial buildings, medical buildings, and raw land.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical, Land

Areas Served: Atlanta, CO

Lending Guidelines for Fairview Lending

Below are the general loan guidelines published on the Fairview Lending website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Fairview Lending.

Loan Example 1

Fairview Lending makes a fix-and-flip loan to Margret for a renovation project in Denver, CO, on a house that is listed for $170,000. The borrower will be required to bring 40% of the purchase price in cash to the closing based on a 60% loan-to-value stipulated by the lending company. This makes the principle amount from Fairview Lending $102,000. The loan also consists of the following features: 1) a 18 month length, 2) a 9% interest-only note, and 3) a two percent origination charge.

The borrower will have to bring a total of $32,400 upon closing to cover the $68,000 down payment in addition to the $2,040 origination fee. The lender will collect $765 in monthly interest from the borrower. This is calculated by taking the full loan value of $102,000, multiplying that by the 9% rate of interest, and then dividing that number by 12. If Margret meets her goal of a $255,000 sales price when the loan expires, she would make a gross profit of $69,190 after repaying the principle and subtracting the cash she brought to closing, the origination fee, and the total interest payments.

Loan Example 2

Fairview Lending issues a private money loan to Pamela for a renovation project in Denver, CO. The loan dictates the following:

$160,000 purchase price
85% loan-to-value (LTV)
6 month term
9% rate of interest
2% origination fee

Based on a $232,000 sales price after the 6 month term, the final numbers for this project would look like the following:

$232,000 sales price
- $136,000 principle (85% LTV)
- $24,000 cash paid at closing (15% on 85% LTV)
- $2,720 origination points (2% of the $136,000 principle amount)
- $6,120 interest payments (6 months x 9% interest)
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= $63,160 gross profit (does not include taxes or rehab costs)

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