June 6, 2018

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Hard Money Loan in Albuquerque, New Mexico

Hard Money Loan in Albuquerque, New Mexico on a Fix and Flip

TNS Loans has funded a Fix and Flip in New Mexico. Purchased for $180,000.00 this home will undergo a complete renovation both interior and exterior. TNS Loans was able to lend $345,000.00 to secure the purchase and fund the renovation. Upon completion it is expected to list for $475,000.00. This property sits on 4.5 acres of land and has a main house (2300 sqft), over sized two car garage, as well as an in-law suite (800 sqft) attached to the garage. Main house will undergo an extensive renovation to include the interior and exterior. New paint, flooring, base boards, and light fixtures will be installed throughout the home. Kitchen will receive new cabinets, counter tops and appliances. Electrical, plumbing, and mechanical work will be completed inside the home and the existing living space will be reconfigured to create and open floor plan. Master bathroom will be transformed into a master suite to include new flooring, tile surround, and fixtures. In addition, the other three bathrooms will be renovated and brought up to date. The in-law suite will also undergo an extensive renovation to include cabinets and counter tops in the kitchen. New flooring, fixtures, paint and doors throughout the suite. Bathroom will receive new tile surround, toilet, and fixtures.

 

Property Description

Bedrooms: 4    Bathrooms: 3    Sqft: 2,302    Type: Single Family    Year built: 1949   (Main House)

Bedrooms: 1    Bathrooms: 1    Sqft: 800    Type: Single Family    (In-Law Suite)

 

 

TNS Loans and Hard Money Mike were able to fund the purchase of this house within a few days. We specialize in these types of Fix and Flip loans as well Hard Money Fix & Flip, Bridge and Construction loans. We do not lend on owner-occupied but can refer you to someone who can. TNS is an equity-based lender located in Littleton, CO. Give us a call and we can discuss how we can help you! 303-539-3000