Recently Funded: 50,000+ Sq Ft Industrial COmmercial Warehouse in Denver, Colorado
Private Capital Lenders recently provided a $7.5 million hard money loan for the purchase of a 50,000+ sq. ft. industrial commercial warehouse located in Denver, Colorado. This expansive facility is situated in a prime industrial area of Denver, known for its proximity to major highways, transportation routes, and a growing logistics sector. The warehouse is ideal for businesses requiring large-scale storage, distribution, or manufacturing capabilities.
- Size: Over 50,000 square feet of space, offering ample room for storage, operations, and potential expansion.
- Location: Located in a key industrial district of Denver, providing easy access to major highways and transportation hubs, making it ideal for logistics, warehousing, or light manufacturing businesses.
- Structure: A modern, well-maintained building with high ceilings, multiple loading docks, clear-span space, and high-efficiency lighting throughout.
- Zoning: Zoned for industrial use, which supports a variety of commercial operations, including storage, distribution, manufacturing, and more.
- Amenities: The warehouse includes ample office space, employee areas, and plenty of parking for trucks and staff.
This $7.5 million loan was structured as a short-term, high-interest hard money loan to facilitate a fast acquisition. The loan provided the borrower with the necessary capital to close quickly and secure the warehouse property, without the delays typically associated with traditional financing.
Denver’s strategic location and booming economy make it an ideal spot for businesses in industries like logistics, e-commerce, manufacturing, and distribution. The city’s well-established transportation infrastructure, including proximity to major highways and the Denver International Airport, makes it a key area for warehouse and industrial facility investments.
Hard money loans are typically used when there is a need for fast funding, and in this case, the borrower required quick access to capital for the acquisition. Hard money loans are often used by investors and businesses who may not qualify for traditional bank financing due to time constraints or property condition but have valuable real estate assets to offer as collateral.
FAQ
Most frequent questions and answers
A hard money loan is a type of asset-based loan where the lender provides short-term funding secured by real estate or other tangible assets. It is often used for property purchases, renovations, or other real estate investments when traditional financing is not feasible or a quick closing is needed.
The loan provided was for $7.5 million, used for the purchase of a 50,000+ sq. ft. industrial commercial warehouse in Denver, Colorado.
Hard money loan interest rates tend to be higher than traditional loans due to the higher risk and faster processing times. Rates typically range from 8% to 15%, depending on the borrower’s profile and the specifics of the loan.
Hard money loans are typically short-term, usually ranging from 6 months to 2 years. This loan will be repaid through either a refinance into traditional financing or an exit strategy once the warehouse is fully operational.
Hard money loans are typically repaid in full either through refinancing once the property value has increased or through a sale of the property. Payments can also be made monthly depending on the structure of the loan.
Yes, hard money loans can be used for various purposes such as purchasing a property, renovating it, or covering operating costs. However, in this specific case, the loan was used exclusively for the purchase of the warehouse.
Hard money loans are often used by real estate investors, developers, and business owners who need fast access to capital but may not meet the strict qualifications of traditional lenders. The primary factor for approval is the value of the property being used as collateral, rather than the borrower’s credit score or income.
One of the key advantages of a hard money loan is the speed with which it can be obtained. Typically, hard money loans can be processed and approved within a few days to a week, allowing borrowers to move quickly on real estate opportunities.