Deal Details
Private Loan Type
Residential Fix and Flip
Approx. Funding Date
03/08/2021
Property Type
Single Family Residence
Property City
Denver
Property State
CO
Lien Type
1st Mortgage
Payment Type
Interest Only
Purchase Price
$289,500
Loan-to-Purchase Price
100%
Loan-to-Value
70%
Renovation Budget
$50,000
After-Repair Value
$450,000
Deal Summary
Lead Funding, a private lender, funded a $315,000 loan in 1st lien position for the purchase of a single-family residence in Denver, CO. The purchase price was $289,500 and the rehab budget was $50,000. We financed 100% of the purchase price and a portion of the rehab project. The after-repair value was estimated to be $450,000, so our loan-to-value was 70%. The scope of work is as follows: Finish the basement and convert this 2/1 home into a 3/2 with a detached garage and carport. This SFR fix and flip loan was funded in March 2021.
Funded By
Lead Funding
Direct Lender Funding up to 100% LTC plus Rehab (max LTV restrictions apply)