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Updated almost 8 years ago on . Most recent reply

User Stats

49
Posts
16
Votes
Jake Adams
  • Investor
  • Fort Collins, CO
16
Votes |
49
Posts

2nd Deed on Flip 85% CLTV in Colorado???

Jake Adams
  • Investor
  • Fort Collins, CO
Posted

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!

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