North Denver Fix and Flip Deal
North Denver Fix and Flip Deal.
A borrower came to us with a deal on a 5 bedroom house on 1.79 acres in Berthoud, Colorado. He needed quick funds for the purchase of $320,000 and part of the $120,000 renovation costs. The borrower plans on repairing the roof and installing new gutters around the home. New vinyl windows will be installed as well as new front and patio french doors. A whole new septic system will go in. New concrete driveway, patio and sidewalk will be put in and some landscaping will finish up the exterior. On the inside, he will be replacing the carpet in the bedrooms, putting new tile flooring in the bathrooms and refinishing the original hardwood floors. The kitchen and bathrooms will get a complete remodel with new cabinets, sinks, granite counter tops and top of the line appliances. Once complete, the house will be marketed at $550,000.
TNS Loans lends on properties and to borrowers which conventional banks normally would not. The loans are all short-term and non-owner occupied. So if you are looking for a bridge loan, construction or a quick hard money loan for your next fix and flip project, give us a call at 303-539-3000!