RFG Funded Deal – Denver Colorado: Ground Up Construction
Project Description
The project is for construction of a new Farmhouse Contemporay build in the Denver Lower Highlands. The purchase is for the land where the new home will be constructed.
Loan Type:
Ground-up Loan
Property Type After Construction
Single Family Home 2,687 Sq. Feet 7 Rooms. 3 Bedrooms 2.2 Baths
Property Location
Denver, Colorado
Project Summary
Complete Application Submission Date
?
Funding Date
9/29/2023
Property Purchase Amount
$674,601
Construction Cost Amount
$910,000
Total Loan Amount
Estimated Value After Build
Estimated Investor Profit
$1,584,601
$2,300,000
$715,399
Loan Details
Loan Term
12 Months
Estimated ARV
68.89%
Loan to Purchase
N/A
Cash to Close
$225,805.64
Interest Payment Reserves
$194,113.62
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