Aspen Commercial Loan Programs

Multifamily / Mobile Home Parks

• Fixed Rates as low as 5.75%
• 3, 5, 7, 10 and 15 year fixed rate terms
• Portfolio & Agency Capital Sources

Other Income Properties

• 3, 5, 7, 10 and 15-year fixed rate terms
• Rates starting as low as 6.25%
• Step-Down Prepayment Available
• 30-year fully amortizing term available

Program Features

• Loan Amounts $500,000 to $10,000,000
• 30 year amortization schedules
• NO tax / insurance impounds available
• NO reserve requirements available
• MINIMAL third party report fees
• Interest Only available
• Non-recourse available in some markets

Some programs roll to adjustable rates at the end of the fixed rate term chosen by the borrower and continue for a FULL 30 YEAR TERM!

CALL US FOR LIVE QUOTES - 303-495-5655

We solve your Aspen property and financing problems so you can get back into the game.

 

Aspen Facts

• Aspen is located in central Colorado in the Rocky Mountains, at an elevation of about 7,900 ft.
• Aspen is a stylish resort, famous for its winter skiing and its summer cultural events.
• Skiing was born in the Aspn area during the 1930s and '40s, and was enhanced by Army soldiers who came from nearby Camp Hale for recreation.
• Aspen was founded in 1879 by prospectors and named for the aspen trees in the area
• Aspen was a booming silver-mining center until the early 1890s, when the demonetization of silver reduced prices for the metal.
• The best skiing resorts Aspen has to offer include Aspen Highlands, Aspen Mountain, Snowmass and Buttermilk.
• Aspen was developed as a modern resort after World War II ended in 1945 by Walter P. Paepcke.
• Aspen is the largest city of Pitkin County, Colorado.
• The Aspen/Pitkin County Airport is known as the busiest airport in Colorado and offers flights that are served by three main airlines that inlcude the United Express, America West Express, and Northwest Airlines.
• This historic character of Aspen has been challenged in recent decades by skyrocketing property values and the proliferation of second homes.
• Aspen has emerged into international fame as a glitzy playground of the wealthy and famous.
• Aspen is known as the ultimate ski resort in the world and is deemed as the winter playground for the Hollywood elite and is highly impressive by any standards with many luxury homes and condominiums.
• Aspen sits along the southeast end of the Roaring Fork Valley, along the Roaring Fork River, a tributary of the Colorado River.
• Aspen is surrounded by mountain and wilderness areas on three sides with the Aspen Mountain sitting to the south.
• The average home price in the Aspen area is around $687,5000.

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Loans are originated under the Financial Services Division of Emery Federal Credit Union. Your Loan Officer or Mortgage Consultant is your main contact regarding your loan transaction. Please contact them during your loan process. If you need further assistance, please contact our help desk at: 800-880-3020 or help@EmeryFed.com. We look forward to serving you.
Originally chartered in 1939 to serve Emery Industries, in 1984 Emery FCU expanded our field of membership to include other diverse groups. Today Emery FCU serves the employees (and their family members) of over one hundred sixty four (164) companies.
Emery FCU is a not-for-profit, member-owned financial institution. Unlike banks, thrifts, and finance companies who operate on a "for profit" basis, we return excess earnings back to our members in the form of lower loan interest rates, higher yield savings and investment accounts, and low or no fee convenience services in addition to the friendly, unmatched member service provided. As a not-for profit financial cooperative, you have the assurance of knowing that your money is safe and secure because it is Federally Insured, through the National Credit Union Administration (NCUA).
* APR based on $200,000 loan amount. APR will change depending on loan amount.    © Denver Mortgage Rates