New Construction in Riverwood Neighborhood of Breckenridge, CO
Purchase Price Land $487000 in October 2017
Sold Newly Constructed Home for $2,995,000 in January 2019
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This property was purchased at the end of June 2018 for $195k by an experienced flipper. This borrower requested a hard money loan amount of $180k. Rehab for the property was $35k. The flip took 4 months.
Source - Referral to Borrower
Status - Estate
Condition - Poor / Hoarder Home / Arson Property - see below before picture
Title took a good deal of time to close because several deceased persons were on title. All parties of the transaction had to be patient to await clean title from seller’s representatives.
Gas and Electric had been off at the home for a significant amount of time that Xcel required the borrower to obtain new service as if the home was newly constructed. This line item was over budget as that was unforeseen for the borrower.
TABS, LLC is a family owned and operated hard money lender and investor in Colorado. We are a privately funded commercial lender that provides loan programs for both residential (non-owner occupied)and commercial properties in Colorado.
What makes TABS, LLC unique? We create value by our ability to act quickly and professionally. An advantage of our private money is our negotiating power and that our clients know they are always speaking with a decision maker. Our goal is to continue to have repeat clients and to bring on new clients so that they are able to create successful real estate deals.
TABS, LLC is also an investor in early stage start-up technology companies and in real estate development opportunities throughout the Denver Metro Area.
Learn more about what TABS, LLC has to offer.
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+1 (303) 429-1990