Colorado Springs, CO 80915
"This property needs cosmetic updates, including paint, flooring/carpet, and general modernization, making it an ideal value-add opportunity."
6964 Palmer Park Blvd is a 3-bedroom, 2-bath home in Colorado Springs, Colorado listed at $199,900 with 1,280 square feet. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with at least one completed project puts 10% down ($19,990), we fund the $57,600 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Colorado or our Colorado hard money lending page.
Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.
| Item | Fix and flip: 10% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $19,990 (10%) | |
| Loan at closing | $179,910 | |
| Cosmetic renovation, rough estimate* | We fund $57,600 | |
| Total loan | $237,510 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($3,563) | |
| Appraisal | Required | |
| Estimated monthly interest | $1,930 at full draw | |
| Cash to close, rough estimate | $27,943 | |
Rough estimates at the list price of $199,900 for a 740 score and 1 completed project. This is not a commitment to lend.
*Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $45 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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Cash or hard money only"Property is being sold as-is and cash only."
Investor special"Great investment opportunity in the desirable Widefield area. Needs TLC, but priced as such. Check neighborhood comps!"
"It does need some TLC in several areas, but is well worth it!"
Get pre-qualified in one call and write your offer with the financing already lined up.
