Englewood Construction Loans

With guidance from experienced professionals, Veristone has created a loan designed both by and for Englewood contractors and developers. You have spoken, and we have listened. Put our great terms, simple process and quick approvals to work.

The builder loan is specifically designed to be convenient for both Englewood contractors and developers. Our simple process facilitates quick approval of your plans, specs, and budgets, so you can get building as soon as possible. Because even the best construction plans sometimes require changes, Veristone’s terms allow for weekly construction holdback draws and can be structured to finance up to 100% of construction costs (subject to approval), including soft costs. There are no surprises with Veristone.

Our Location

Englewood Location
1000 Englewood Parkway
Englewood, CO 80110
888-235-9237

FAQ

What is the maximum that Veristone will lend on my Englewood construction project?

Veristone loans up to $10MM, with exceptions for larger loans. The loan can be structured to finance up to 100% of construction costs (including soft costs). This will be based on 65% loan-to-finished-value ratio.

Also, Veristone will allow for subordinated lot transactions/seller financing, on a case by case basis.

What is required for underwriting a Englewood construction loan ? What is the difference between a Scope of Work & Cost Breakdown Budget? How many Draws may I request during the project? How do I request access to my Construction Holdback Funds? When do I have access to the Construction Holdback Funds? How are the Loan Fees and Interest Payment calculated? Are there any penalties for prepayment?

Your hard money loan can be used for:

purchase transactions
refinance transactions
cash out transactions

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Loan Programs:

If you have a viable exit strategy that is short-term—within 12 months of the funding of the loan—Veristone’s standard bridge loan is an excellent loan product to consider. Your bridge loan can be used for (1) purchase transactions, (2) refinance transactions or (3) cash out transactions.
With our Fix & Flip loan, you’ll not only receive acquisition funds, you’ll also have access to a construction holdback account for the approved construction budget. This loan, specifically designed for Englewood rehabbers, gives you an "all in one" loan program to help you acquire, rehab, and quickly sell a property.
We specifically designed the construction loan to be convenient for Englewood investors, builders, and developers. Great terms, simple application process, and quick approvals. With our speedy approvals you can finalize plans, specs, and budgets—and start building sooner.
Our commercial loans are designed to help Englewood investors move quickly on the purchase, refinance, and/or rehab of commercial, multi-family, or other investment properties. Every day, we fund deals of up to $20MM across the Western United States.

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