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.
Incredibly Fast Gig-Worker Funding, Small Business Capital, Customer Finance, And Payment Processing
DavidAllenCapital.com/dac- payment-processing-services/ 102714544
Business funding has never been easier. Let's get started!
Step 1 - Apply
Complete our simple application. You will be done in minutes.
Step 2 - Link Bank Or Upload Statements
Depending on funding type and amount - you will be approved simply by verifying and linking your bank account - or by uploading your bank statements.
Step 3 - Receive Offer and Get Funded
With most fundings, you will receive an instant offer on screen. With larger fundings and Lines of Credit- you will receive an offer via email within one hour to one business day.
One stop. Best offers. Free Application. No Obligation.
I provide funding for Fix and Flips, Rental Properties & Commercial Projects, Gap funding, Refinance. ( Personal Funding Available). Loan amount: $20,000 up to $25,0000,000. Up to 100% LTV if deal is solid . Interest rate from 3%, No Prepayment Penalty. We close within 2 to 5 days. Send in your loan scenario to review my lending criteria.
I can help, for more info www.globalcapinvestgroup.com
send us a mail at email@example.com we will be glad to help you