Hard Money Loan in Missouri Fix and Flip
A client came to us looking for a 6 months hard money loan to purchase a 3 bedroom/2 baths house in Eureka, Missouri. TNS Loans was able to fund the purchase quickly and the borrower could get started on the rehab. He was using his own money for the $18,000 in estimated renovation costs. The house will get a new roof and paint throughout. The living room carpet will be replaced and the original hardwood floors will be refinished. The two bathrooms will be updated with new countertops and fixtures. The kitchen will also get a complete makeover with new cabinets, counter tops, sink and appliances.Once the renovation is complete, the house will be marketed at $160,000.
TNS loans is a hard money lender out of Littleton, CO. We specialize in short-term fix and flip, construction and bridge loans. All of our loans are for commercial purpose only and we cannot lend on owner-occupied properties. But if that is what you need, we would be happy to provide a referral for you. Please give us a call at 303-539-3000 and lets discuss your options!