Quick Loan Approval, 14-Day Closing
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Location:
Littleton, CO
Loan Amount:
$2,000,000
Deal Summary
Balboa Capital Group, a direct lender for real estate investors, funded a $2,000,000 hard money loan residential fix and flip in Littleton, CO. The scope of work for this project covered all cosmetics and surfaces. They were adding a bedroom and bath by finishing the basement. One standout item that allowed them to increase their asking price was to keep a large shed in the back yard and convert it into an office / gym with a sauna. The client had a 14 day close on the purchase. Our quick approval process allows us to underwrite and draw loan docs in days to meet your deadlines. The loan term was set at 12 months with $400,000 held back for the renovation budget.

