Bridge Loans in Chaffee County Colorado
YourLOI provides fast and flexible Bridge Loans in Chaffee County Colorado for real estate investors, developers, and brokers needing short-term capital. Our bridge loans help you secure new property while waiting on the sale or refinance of another asset. Whether you’re buying in Salida, Poncha Springs, or Buena Vista, we can help you act quickly.
Loan Program Overview
Bridge loans are short-term real estate loans designed to ‘bridge the gap’ between buying and selling. They’re ideal for investors who need to:
– Purchase a new investment before selling an existing one
– Refinance quickly to meet closing deadlines
– Access short-term capital for construction or repairs
– Resolve title or permit delays
– Move fast in competitive markets
How to Qualify
Our bridge loan approval process is fast and straightforward. Requirements include:
– Property must be non-owner occupied
– Minimum loan size: $100,000
– Purchase or payoff scenario must be viable
– Proof of equity or exit strategy (sale or refinance)
– Entity or individual borrowers welcome
Property Types Eligible
– Single-family rentals
– Fix and flip properties
– Multifamily (up to 20 units)
– Light commercial (retail, mixed-use)
– Construction-ready lots or buildings under rehab
Fast Funding Timelines
– Term sheet in 24 hours
– Underwriting in 48–72 hours
– Closing in 5–10 business days
Local Lending Expertise in Chaffee County
We understand the time-sensitive nature of deals in Chaffee County. From weather delays to zoning timelines, our experienced lending team helps investors in Salida, Buena Vista, and beyond secure capital quickly. We work closely with local title companies, inspectors, and appraisers to expedite the process.
Why Choose Private Bridge Loans Over Banks?
Customized draw schedules for rehab or payoff needs
Close in days instead of months
No delays due to underwriting red tape
Local expertise and real estate investor focus
No income verification