I have a flip that is completed and listed for sale in Boulder, CO. I currently have a private loan and a second deed that need bought out. This new loan will take second position and CLTV will be 85%. Does anyone know of a lender willing to do a second at 85%? I'm willing to look at all options, interest rates, etc.
First deed is $625K
Second deed amount needed is $85K
Market value is $840K
Total loans will be $710K (just under 85% LTV)
Another option is to have a first DOT replace the current first and second
I work with note investors who can help. DM me if you'd like so we can chat.
@Jake Adams Are you doing a lot of rehabs in Boulder? Was this an off market deal?
@Adam M. I have 2 rehab projects in Boulder county. I will look at deals from Boulder up to Fort Collins. One of the projects I bought on market and one was off market. I noticed you are in Fort Collins as well, that is where I would prefer to buy
@Jake Adams Good deals are few and far between up here. I have a day job, so I can't hunt like I used to. I'm primarily looking for buy and holds SFR and MFR.
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing