Colorado Springs Turnkey Flip — Exploring Hybrid / Seller-Finance Exit
I'd appreciate input from investors who have actually purchased completed flips using a combination of institutional/investor financing and seller carry.
I have a fully renovated, turnkey 3/2 in Colorado Springs, 1,347 SF. The renovation and major systems are complete, but the retail listing has been on market longer than anticipated.
Rather than continuing to rely solely on a conventional retail exit, I'm exploring whether an investor acquisition could be structured with enough proceeds at closing to retire the existing first-position financing, while I carry part of the remaining purchase price.
One structure I'm evaluating is:
Buyer obtains their own investor/DSCR first mortgage + seller carries an agreed portion in second position, subject to lender approval and proper documentation.
I'm particularly interested in connecting with investors who have actually closed this type of transaction in Colorado.
If you've done one, what CLTV/down-payment range have you found DSCR lenders willing to accept when a seller-financed second is involved?
I'm also happy to share the property, photos, comps and numbers with anyone whose buy box includes Colorado Springs.
If you've done one, what CLTV/down-payment range have you found DSCR lenders willing to accept when a seller-financed second is involved? Or have you used another creative structure that worked better for a completed flip like this?
I'm also happy to share the property and numbers with anyone whose buy box includes Colorado Springs.