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Colorado Fix & Flip Loan Stats
According to private lending data provider, Analytics Logics, the average interest rate for fix & flip loans in Colorado is 11.55%. The average loan amount is $440,748. These stats are the average of all the loans which were funded between April 1, 2023 and September 15, 2023 by the many private lenders who use Liquid Logics’ loan origination software to manage their lending operations.
Fix & flip loans include the purchase of the property and the renovation budget, with the loan-to-after-repair value typically being no more than 70%.
Funded Fix & Flip Loans in Colorado
Conventus LLC, a direct private mortgage lender, funded a $410,000 1st lien position fix and flip loan for a single-family home in Edgewater, just West of Downtown Denver. We financed 100% of the $50,000 renovation budget and 80% of the $450,000 purchase price, while the Borrower contributed 20% cash to the purchase at closing. The after-repair value was estimated to be $600,000 so our loan-to-after-repair value was 68%. The Borrower had good credit. They plan to do cosmetic upgrades to the home and eventually refinance into permanent debt and hold the property as a long-term rental. The subject property was vacant at closing. The interest rate was 10.75% and we charged a 1% origination point. The loan term was set at 12 months with no prepay. This SFR rehab loan was funded in December 2022.