Deal Details
Private Loan Type
Residential Fix and Flip
Approx. Funding Date
02/15/2018
Property Type
Single Family Residence
Property City
Denver
Property State
CO
Lien Type
1st Mortgage
Payment Type
Interest Only
Purchase Price
$235,000
Renovation Budget
$30,000
Deal Summary
TABS, a hard money lender based in Colorado, funded a $120,000 1st lien position fix and flip loan for a single-family home in Denver, Colorado. The SFR was purchased in December 2017 for $235,000; Rehab was $30,000. The Borrower requested a loan of $120,000. The Borrower and the property would have qualified for a higher loan amount. The property sold in February 2018 for $320,000. This SFR fix and flip loan was funded in February 2018.