Fix and Flip house West of Denver
Fix and Flip house West of Denver.
This house is located in WheatRidge, Colorado which is just West of Denver. The borrower needed funds for the $230,500 purchase and some of the rehab costs necessary to bring this 1927 home up to market standards. It will need $42,500 in renovation. They will be taking out a few walls on the first floor to open up the kitchen and living area. The basement will be renovated with a new bathroom and two conforming bedrooms. The kitchen will be completely remodeled with new cabinets, counter tops, sink and appliances. New hardwood floors will be put in and tile in the bathrooms. The plumbing and electrical will need some work as it is all original and a new HVAC system will be installed. The two smaller upstairs bedrooms might be renovated into one larger bedroom. In 6 months, the house is estimated to be valued and marketed at $350,000.
TNS Loans was able to fund the purchase of this house within a few days. We specialize in these types of Fix and Flip loans as well as 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