Colorado Springs has its own rhythm, set by the bases, the Academy, and a steady flow of people who arrive on orders and need a place to live. We review apartment, multifamily, and commercial loans across the Pikes Peak region, with interest-only and cash out options for owners who want their building working harder.
Apartment and commercial loans from $1 million to $30 million+
Fort Carson, Peterson and Schriever Space Force Bases, Cheyenne Mountain, and the Air Force Academy bring a steady stream of service members, civilians, and contractors to the Springs every year, and many of them rent off base. That turnover is part of life here, and a well-run building treats it as a reliable source of new tenants rather than a risk.
Like Denver, the Springs saw a run of new apartment buildings that pushed landlords into a couple of months free to fill units. Deliveries have slowed since, and by the first half of 2026 occupancy had climbed back to its highest level in nearly four years. Buildings that held on through the concessions are now in a much better spot to refinance or pull cash out.
Two and three story communities on the south and east sides, close to Fort Carson's gates and the Peterson and Schriever corridor, where the tenant base is built around the military calendar and steady paychecks.
Larger, amenity-heavy communities that came online during the recent building wave. Many are past lease-up now, and the conversation turns to moving from short-term debt into a long-term loan that fits a stabilized building.
Ground floor retail with apartments above in and around downtown and Old Colorado City, along with neighborhood retail centers that serve the growing residential areas around them.
Interest-only payments for up to the full term on a stabilized Colorado Springs apartment building, often with more cash out than an amortizing loan allows.
Program detailsLong-term financing for apartment buildings from 5 units to 300+, from a garden community near Fort Carson to a newer mid-rise on the north side.
Program detailsFor owners who want to put the equity in a stabilized apartment or commercial building to work, up to 75% LTV on a refinance.
Program detailsFor retail, office, warehouse, self storage, mixed use, and other commercial property across the Pikes Peak region where the leases and occupancy support a purchase, refinance, or cash out.
Program detailsFor stabilized Colorado Springs rentals with one to four units, from a duplex to a fourplex.
Program detailsMilitary moves follow their own schedule, and a building near the bases can see occupancy shift with a deployment or a busy summer moving season. A few months of rent roll history tells the real story better than a single snapshot.
Some newer buildings are still offering free rent on new leases. We start with what tenants actually pay after concessions, and if the building is close to stabilized, we can look at a bridge loan now and a long-term loan once the free rent burns off.
The Springs sits along the Front Range, where hail is a regular part of the year and insurance premiums have climbed fast. A current quote on the building, with the actual deductible, keeps everyone working from the same expense line.
Have a Colorado Springs building in mind?
Send the numbers