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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
08/27/2019
Property Type
Single Family Residence
Property City
Denver
Property State
CO
Lien Type
1st Mortgage
Payment Type
Interest Only
Purchase Price
$215,000
Renovation Budget
$50,000
Deal Summary
ARCH Loans, a private lender, funded a $150,000 1st lien position private money loan for a single-family residence in Denver, CO. The acquisition price was $215,000 and the buyer will invest 50k to resell for 400k. This property was structurally sound but needed upgrades throughout. This was seamless funding aided by the Borrowers’ gold status. Gold status provides the borrower with a line of credit that allows for 100% of the purchase and future rehab costs. This SFR private money loan was funded in August 2019.
Funded By
Arch Loans
Low and High Leverage Options, up to 90% of purchase price for fix & flip