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Updated over 8 years ago on . Most recent reply

User Stats

24
Posts
3
Votes
Lyle McCartee
  • Investor
  • Colorado Springs, CO
3
Votes |
24
Posts

Seeking Funding for a property under contract in Pueblo.

Lyle McCartee
  • Investor
  • Colorado Springs, CO
Posted

Greetings Colleagues:

I have a Single Family House in Pueblo Colorado under contract and I am seeking a hard money or private lender to finance a flip, however, I am also open to having it be a buy/hold/rent deal as well. It's in a very good area of town, near Colorado State University-Pueblo. Please see the specs below:

ARV = $163,660

Purchase price: $121,900

Closing costs: $3,500

Rehab: $9,500 (mostly cosmetic)

Carrying costs: $1,050 x 2 (60 days rehab max)

I would prefer not to pay any more than 9% , but can push to 10%. Total amount needed is $136,000. I have the .pdf if you need numbers. Closing is within 30 to 45 days, however I do need a prommisory note in the next coming days (seller has requested it).

Thank you,
Lyle McCartee

McCartee Holdings, LLC

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