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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
02/28/2018
Property Type
Condominium
Property City
Copper Mountain
Property State
CO
Lien Type
1st Mortgage
Payment Type
Interest Only
Purchase Price
$315,000
Deal Summary
TABS, a hard money lender based in Colorado, funded a $200,000 1st lien position bridge loan for the acquisition of a condominium in Copper Mountain, Colorado. The investor purchased a condo for $315,000 – a bank wouldn’t accommodate a quick close. The Borrower refinanced hard money out 2 months later. This purchase bridge loan was funded in February 2018.
Funded By
TABS, LLC
Westminster, CO | Family Owned and Operated Hard Money Lender for Colorado