Listing photoDenver, CO 80249 · MLS 5846455
"Due to the property condition, conventional insured financing will not qualify."
5800 Tower Rd #1205 is a 2-bedroom, 2-bath home in Denver, Colorado listed at $226,500 with 1,146 square feet, built in 2005. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with 1 to 2 completed projects and a 740 score puts 10% down ($22,650), we fund the $51,570 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. See every hard money opportunity in Colorado or our Colorado hard money lending page.
From the listing. Amazing condo for an owner-occupant or investment opportunity, this 2 bed, 2 bath unit with attached 1-car garage needs a cosmetic makeover but priced accordingly. Due to the property condition, conventional insured financing will not qualify. Buyer to consider reno/rehab, FHA203K or comparable financing that allows for escrow hold back.
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 | $22,650 (10%) | |
| Loan at closing | $203,850 | |
| Cosmetic renovation, rough estimate* | We fund $51,570 | |
| Total loan | $255,420 | |
| Rate, interest only | from 9.99% | |
| Points | 1.5 ($3,831) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,126 at full draw | |
| Cash to close, rough estimate | $30,871 | |
Rough estimates at the list price of $226,500 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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Hard money welcome"Seller will finance, otherwise only Cash or 20% down for conventional Buyers due to HOA."
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