Question 1

Why does a blanket loan fit a Colorado Springs rental portfolio in particular?

Accepted Answer

Because the Fort Carson gate communities are where per-door basis and yield line up for scale investors. Zillow's June 2026 mid-tier home values ran $381,251 in Security-Widefield and $394,468 in Fountain against citywide Colorado Springs values of $450,254. Paired with the same month's rent data, that works out to roughly a 7.3% gross yield in Security-Widefield and 6.5% in Fountain, before taxes, insurance, or vacancy, versus about 4.6% for Colorado Springs proper. Once you're managing several of those doors on separate mortgages, one blanket loan with a single payment gets simpler than reconciling each property's own note. See DSCR loans if you'd rather finance doors one at a time. Subject to underwriting.

Question 2

My portfolio spans several Colorado Springs suburbs. Does that mean juggling multiple counties?

Accepted Answer

Usually not, because almost every city we serve here sits in one county. Colorado Springs, Fountain, Security-Widefield, Monument, Peyton, Manitou Springs and Palmer Lake are all in El Paso County, Colorado, so a portfolio built across them still deals with one assessor, one treasurer and one public trustee for valuation, billing and any foreclosure remedy. The exception is Woodland Park, which sits in Teller County: a door there runs on that county's own assessor and treasurer, so keep it on its own line when you underwrite the file.

Question 3

Does every door in a Colorado Springs portfolio carry roughly the same tax line?

Accepted Answer

No, and treating them as the same is the most common underwriting mistake here. The county and city levies are small (El Paso County, Colorado at 6.857 mills and the City of Colorado Springs at 3.009 mills for tax year 2025), but the school district on top of them swings by nearly 28 mills, from Fountain/Fort Carson District 8 at 29.765 up to Widefield District 3 at 57.682. On top of that, many newer subdivisions, especially east of Powers Boulevard, sit inside a Title 32 metro district that can add up to roughly 40 more mills for debt service and operations. Pull each parcel's actual mill levy from the El Paso County, Colorado Treasurer rather than blending a portfolio-wide average.

Question 4

If I have to foreclose on one property in a Colorado Springs blanket loan, does that hold up the rest of the portfolio?

Accepted Answer

No, the release structure keeps the rest of the portfolio financed while one property works through its own process. Colorado forecloses through the public trustee system rather than the courts, with a Notice of Election and Demand that runs 110 to 125 days to sale and only a limited Rule 120 court check, and there is no owner redemption period after the sale, only a junior-lienor redemption window. That process attaches to the individual property in question, and our portfolio loans are structured with the option to release individual properties as they're resolved, so one door's process doesn't force a refinance or default event across the whole file. Anything involving how a specific release interacts with your loan documents is a question for us at underwriting.

Question 5

Are closing costs on a multi-property Colorado Springs closing going to add up?

Accepted Answer

Conveyance costs here are genuinely small, whatever the size of the file. Colorado's documentary fee is $0.01 per $100 of the purchase price, and recording went flat statewide on 2025-07-01 at $40 per document plus a $3 technology surcharge, or $43 per document, regardless of page count. Rolling several properties into one blanket loan does not multiply those costs the way separately recording each one can start to.

Question 6

How many Colorado Springs doors do I need for a portfolio loan?

Accepted Answer

Five or more. Below that, financing each door on its own note is usually simpler, and our DSCR program handles single properties. At five and up, a blanket loan puts them under one consolidated payment with an individual property release, so you can sell a door without unwinding the file. Subject to underwriting.

Question 7

Is there a minimum loan size on a Colorado Springs portfolio loan?

Accepted Answer

$500K and up. That is straightforward to reach in the gate communities: five doors at the June 2026 Security-Widefield and Fountain values of $381,251 and $394,468 put a Colorado Springs portfolio well past the floor before you get to the north end of the metro. The term is custom, structured to the portfolio. Subject to underwriting.

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