Good day. The seventh in 4 years, the subject property was purchased in La Junta, CO for $100k in 09/21. With an intent to flip, there was a $20k down payment and the seller financed $80k note on a three-year balloon but for personal reasons no rehab has been completed to date.

Lightly converted to a four to five unit mfr prior to purchase, the property needs about $50k for a light rehab to remove extra kitchens, minor drywall repair, roof replacement, interior and exterior paint. It appraised for $220k in June 2022, and an AMC ordered BPO showed $289k ARV as-complete in June as well.

With no ability to prove income and "fair" to "good" credit, we need a true, asset-based loan to pay off the $80k first, fund the $50k rehab, and additional funding to the max % of ARV to cover additional operating and expansion costs.

Thanks in advance for your consideration.

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