Bridge to Dev – Denver, CO (1st Loss)

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Note Size: $60,250
<$100K Remaining

2023CO2028R

Note ID

1,882 SqFt

Size

4

Bedrooms

2

Bathrooms

Description

This property is awaiting permits to build a new, luxury duplex. The loan is a bridge on the current duplex which is being rented month-to-month until the permits are finalized in Q4 of 2023.

Address

Address: 2028-2030 Perry Street, Denver, CO
  • Country: United States
  • Province / State: Colorado
  • Postal code / ZIP: 80212
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  • Note ID 2023CO2028R
  • Price Note Size: $60,250
  • Property Type 2-4 Unit
  • Property status <$100K Remaining
  • Bedrooms 4
  • Bathrooms 2
  • Size 1,882 SqFt
  • Label Subordinated Note
  • Note Type Transactional Bridge
  • Whole Note - Annual Yield (%) N/A
  • Participation - Annual Yield (%) 16.0%
  • Loan Maturity Date (MM/DD/YY) 8/31/24
  • Property Current Value ($) $1,205,000
  • Loan to Current Value (%) 80%
  • Invest - Participation Agreement Coming Soon. Contact Us If Interested.

Supporting Documents

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Sponsor & Guarantor

Nate B.

Nate B. is an experience developer that began his real estate career renovating homes for other investors, then completing his own fix & flips. He now focuses on developing high-end, single-family homes and small condo projects in hot neighborhoods in the neighborhoods surrounding Denver.
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