Hard Money Loan in Denver, Colorado
Hard Money Loan in Denver, Colorado on a Fix and Flip
TNS Loans has funded a loan in Denver, Colorado in the amount of $315,000.00. Purchased for $350,000.00, this ranch style home will undergo a $125,000.00 renovation to bring it up to date. The borrower will be funding the renovation, and $35,000.00 of the purchase price. This property is expected to list for $600,000.00 upon completion.
Interior renovations are to include removing a wall in the kitchen to create an open concept between kitchen and family room. Counter tops, flooring and cabinets will be installed in the kitchen. Flooring, doors and windows will be installed throughout the home. The two existing bathrooms will gutted and remodeled, while a third bathroom will be added to the basement. Furnace, AC and water heater will all be replaced with new fixtures, as well as a new concrete driveway out front. Minor plumbing and electrical work will be done inside the home.
Bedrooms: 3 Bathrooms: 3 Sqft: 1,225 Type: Single Family Year built: 1957
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