Fix & Flip – Longmont, CO

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Note Size: $487,500
>$100K Remaining

2023CO925

Note ID

2,500 SqFt

Size

4

Bedrooms

3

Bathrooms

Description

This property was acquired through a wholesaler (not listed on MLS) and is need of an update to meet market standards. The property is in a great neighborhood of Longmont, CO, just outside of Boulder and an easy commute to Denver. The borrowers are experienced real estate investors and one is also an active real estate agent.

Address

Address: 925 East 5th Avenue Longmont CO 80504
  • Country: United States
  • Province / State: Colorado
  • Postal code / ZIP: 80504
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  • Note ID 2023CO925
  • Price Note Size: $487,500
  • Property Type Single Family
  • Property status >$100K Remaining
  • Bedrooms 4
  • Bathrooms 3
  • Year Built 1975
  • Size 2,500 SqFt
  • Land area 10,654 SqFt
  • Label Partial Note
  • Note Type Fix & Flip
  • Whole Note - Annual Yield (%) 12%
  • Participation - Annual Yield (%) 12.0%
  • Loan Maturity Date (MM/DD/YY) 03/31/24
  • Property Current Value ($) $375,000
  • Property Construction Budget ($) $150,000
  • Property After Repair Value ($) $700,000
  • Loan to Current Value (%) 90%
  • Loan to After Repair Value (%) 69%
  • Invest - Participation Agreement https://na3.docusign.net/Member/PowerFormSigning.aspx?PowerFormId=99c64321-e902-40e6-a54d-a09150e62ab1&env=na3&acct=dc183316-55b9-4b28-b9ae-24cc404e81a6&v=2

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Sponsor & Guarantor

Jeff K. & Bianca G.

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