Aspen Capital Funding

About Aspen Capital Funding

Aspen Capital Funding is a Beaverton, OR based hard money lender offering funding all across the country. They provide hard money bridge loans, commercial loans, and hard money construction loans. They offer loan amounts ranging from $1,000,000 to $10,000,000, terms between 1 month and 3 years, and rates ranging between 7% and 14%. They provide loans on all the following property types: multi-family, apartments, office buildings, retail spaces, hotels/motels, storage facilities, senior facilities, mixed use, warehouses, industrial facilities, and medical offices.

Loan Types Offered: Commercial Hard Money Loans, New Construction Loans, Bridge Loans

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

Areas Served: National

Lending Guidelines for Aspen Capital Funding

Below are the general loan guidelines published on the Aspen Capital Funding 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 Aspen Capital Funding.

Loan Example 1

In order to acquire a new office space for his small business, Cory looks to Aspen Capital Funding to fund his acquisition with a commercial hard money loan since he can't obtain a standard loan from a bank. The lender contracts to a 55% loan-to-value (LTV) on the transaction and the property is listed for $240,000, so they will contribute $132,000 and Cory will pay the other $108,000. Additionally, the lender will require a 3 point origination fee in combination with the 8%, 18 month term on the loan. They will not charge a pre-payment penalty in case Cory pays off the note before it expires. Cory will have to pay an origination fee of $3,960 and will then begin making the monthly payments in the amount of $880 ($132,000 principle x 8% interest rate / 12 months per year). He may pay back the note whenever he chooses since there is no pre-payment penalty but he is responsible for paying off the original principle whenever he closes the loan.

Loan Example 2

Aspen Capital Funding makes a hard money bridge loan to Leo for a renovation project in Reading, PA. The loan includes the following:

$330,000 purchase price
80% loan to value (LTV)
6 month term
14% interest rate
3% origination fee

Based on a $445,500 sales price at the end of the 6 month term, the final numbers for the project would look like the following:

$445,500 sales price
- $264,000 loan principle (80% LTV)
- $66,000 cash paid at closing (20% on 80% LTV)
- $7,920 origination fee (3% of the $264,000 principle amount)
- $18,480 interest payments (6 months x 14% interest)
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= $89,100 total profit (doesn't include taxes or renovation costs)

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