Colorado Fix and Flip Lenders
Are you flipping residential properties in Colorado? On this page you'll find a list of fix and flip lenders throughout Colorado. Fix & flip lending is only for residential properties with 1-4 units. We have a separate page for lenders that offer rehab/value-add financing for other property types. The maximum loan-to-after repair value (LTARV) for most lenders in Colorado is 70%. You typically need some cash for the purchase (15%-20%) and some cash reserves.Searching...
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Nationwide Mortgage
Outstanding Service for Investment Property Bridge, Rehab, Rental, and Construction Loans
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.