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Updated almost 5 years ago, 02/09/2020

User Stats

115
Posts
77
Votes
Phillip Bicker
  • Real Estate Broker
  • Larkspur, CO
77
Votes |
115
Posts

Colorado Lenders/Banks/Credit Unions for BRRRR Strategy

Phillip Bicker
  • Real Estate Broker
  • Larkspur, CO
Posted

Does anyone have a local bank, credit union, or perhaps a commercial lender that can loan 80% LTV of the full appraised value within 6 months of buying a property (paying cash for the property initially)? Up to this point I have done flips but am getting tired of paying the government half of my profits. I have found that I can do a cash-out refi, but rates are not great and they typically only do 70-75% ARV depending on property type. Or I have found that other delayed financing/rate and term financing can only do up to the amount of cash paid for the initial acquisition. Thanks!!

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