2nd Deed on Flip 85% CLTV in Colorado???
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)
Thanks!