Denver Fix and Flip Loans
Fix and flip projects have become very popular in recent years as people explore different ways to earn a good profit. The process involves taking an old, run-down property and renovating it to sell at a higher cost. There’s potential to make several hundred thousand dollars through such an investment. At Abbey Mortgage & Investments, we offer tailored Denver fix and flip loans to help with the process.
Basics of Fix and Flip Loans in Colorado
Unlike banks, private lenders are more invested in finding suitable opportunities. We don’t consider factors like credit score, past financial records, current financial status, etc. Our experts focus on the potential of the investment property, and we look at the equity of the investment asset and any other collateral you add. If you have a smart investment strategy and a solid plan, we are interested in it.
Private Denver fix and flip loans allow you to borrow a high percentage of investment and restoration costs. We also tend to approve applications that banks may consider too much of a risk.