Click here to see how the current financial markets are affecting real estate and private mortgages.

IN THE NEWS!

NEED A LOAN FOR DISCOUNTED REAL ESTATE?

Common Sense Lending with Secured Returns 

Welcome to Fairpointe. We specialize in providing privately funded mortgages for developers and real estate investors in the state of Colorado.  These loans are funded by individuals (people like you), trusts and companies.  With our extensive background in lending, we help people like you profit from the current real estate market without the cost and risk of managing and owning property themselves.

These are not your typical bank mortgages; we do not lend 100% of TODAY’S value but fund mortgages in the 50-65% loan-to-value range.  We do not originate loans for owner-occupied properties but only lend to investors and developers taking advantage of today’s market and making a profit from real estate.

Are You Satisfied With Your Current Returns?

Are you satisfied with the yields on your money market and checking accounts or other investments?  Probably not.  It may be time to call us and look into private mortgages. 

With the uncertainty of today’s financial markets, the need to preserve your lifestyle and possible retirement; it’s time to look at putting your funds behind REAL assets.  Your money is backed by a piece of real property in the state of Colorado that you can see, touch and feel.

You are certainly concerned about the safety and security of your investment.  So are we, and that’s why we follow strict guidelines, work with experienced professionals who are some of the best in their industries, and give you the final say on which loan meets your criteria and comfort level.  You give us your requirements, and we will find a mortgage/Deed of Trust (DOT) to match.  We can also discuss loans we currently have in inventory.

What We Do/How It Works

Fairpointe, simply put, eliminates the middleman and gives you the opportunity to be the bank and take the profits.  Best of all, you don’t have the headaches; we do all the work for you.  We find the properties, assess the owner’s creditworthiness, arrange fire and title insurance, coordinate conservative certified appraisals, and place only first mortgages on quality real estate.  We limit our mortgages to a 65% or better loan-to-value on QUALITY real estate; and our largest number of loans have terms from three to six months with, at most, one option to renew.  The option to renew is YOUR choice to make not Fairpointe’s. 

You provide the capital to a third-party escrow company.  At no time does Fairpointe have access to your funds.  The escrow company does not disburse your funds until all requirements of funding have been met.  The private mortgage is closed at a bonded and licensed title company who ensures the security (DOT) is recorded with the proper government agency (public trustee) against the correct property.  Your name is recorded on the DOT not Fairpointe’s so no matter what happens to Fairpointe, you hold the mortgage which gives you added security for your investment.

What Kinds of Properties Secure Your Investment?

Properties with lots of equity with a loan-to-value ratio of 65% or better.  Properties that need work – which the owner has committed to do – to bring them up to bank standards – fix-and-flips that will appraise for 25-50% more than their current value once upgraded.  Income properties.

Banks will not touch these properties in their current condition so we arrange the first mortgages, and you hold the Deed of Trust.

Private mortgage loans can range in term from three months to five years.  Interest payments can be paid out monthly or quarterly.  We can service the loan for you and handle problems, should they occur, such as late payments.  In the event of a foreclosure, we can become the property manager and handle the foreclosure process if you choose.  We are very aggressive when it comes to protecting your investment.  In the rare case of foreclosure, we begin the process immediately while preparing the property for sale (completing rehab work, advertising, staging, etc.).

We fund loans from $50,000 to $1,000,000, and funding requires a minimum of $50,000.  Private mortgages can be funded with self-directed IRAs, lines of credit, trust accounts, institutional funds and of course, cash.

Individual Deeds of Trust (This Is Not a Pool)

This is not a pool of funds investing in multiple mortgages.  Each Deed of Trust is funded and owned by one owner.  It is not a blind pool of funds where you have no control or say on where your money goes.  It is one note and one Deed of Trust with your name on the documents. 

What's The Next Step

If you have money to invest but don’t won’t the headache of managing property yourself, Fairpointe has a loan that will work for you.  Just give us a call to discuss your individual requirements, and we will find a mortgage to match.  Once a loan meets your criteria, we will contact you with the basic information and answer any questions you may have so you can make the best decision.

*****We are not financial advisors and do not or will not give financial advice.  This is for information purposes only. Please speak with your trusted advisor before funding a private mortgage note.  These notes are not insured by any private or government agency.  These notes have limited to no secondary market (you will not be able to sell them and must be able to keep them to maturity).  This is not a pool of mortgages and you will be purchasing an individual note and Deed of Trust.  You choose what you fund and how to manage it.****** These are liens, recorded with the public trustee, on real estate in Colorado.