Great Lakes Private Lending for Colorado investors
Great Lakes Private Lending is a smaller regional private money operator with Chicago and Wisconsin coverage.
Colorado context
Colorado property tax low. Mountain STR markets (Vail, Breckenridge, Aspen) premium. Statewide rent control discussions active.
How Great Lakes Private Lending positions in Colorado
Within Colorado, Great Lakes Private Lending competes alongside other DSCR lenders. Great Lakes Private Lending strengths: regional Midwest focus, investor-friendly underwriting. The medium aggregate DSCR economics of Colorado create demand for Great Lakes Private Lending programs in Denver and Colorado Springs particularly.
City-level coverage in Colorado
Great Lakes Private Lending provides DSCR coverage across Colorado metros including Denver, Colorado Springs, and Fort Collins. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Great Lakes Private Lending program terms apply uniformly across Colorado metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | Private money |
|---|---|
| Products | fix-and-flip, bridge, rental, private notes |
| Loan size | $50K - $2.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 70% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 5-10 days typical |
| Colorado property tax | 0.5% |
| Colorado state income tax | 4.4% |
Great Lakes Private Lending strengths in Colorado
- regional Midwest focus
- investor-friendly underwriting
Ideal borrower: Chicago or Wisconsin investor
FAQ
Likely; verify direct Colorado coverage. Great Lakes Private Lending is based in Chicago, IL and operates in Chicago and Wisconsin.
Denver is the top investor market in Colorado and is generally within Great Lakes Private Lending Chicago and Wisconsin footprint. Denver property tax follows the Colorado state rate of 0.5 percent. Great Lakes Private Lending typically underwrites Denver acquisitions at standard rate sheets.
Yes. Colorado Springs ranks among the larger Colorado investor metros and sees consistent DSCR loan volume from Great Lakes Private Lending. Submarket variation within Colorado Springs matters for property selection.
Great Lakes Private Lending applies the same rate sheet across Colorado metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Denver, Colorado Springs, and Fort Collins all qualify for the same Great Lakes Private Lending program.
Great Lakes Private Lending indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
Colorado property tax low. Mountain STR markets (Vail, Breckenridge, Aspen) premium. Statewide rent control discussions active. Great Lakes Private Lending follows standard business-purpose loan structures.
Great Lakes Private Lending funds fix-and-flip, bridge, rental, private notes in Colorado.
Colorado allows standard DSCR prepay structures; Great Lakes Private Lending typically uses 3-5 year step down.
Great Lakes Private Lending typical close: 5-10 days typical.
Bottom line
Colorado investors considering Great Lakes Private Lending should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Great Lakes Private Lending.