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The number of foreclosed homes owned by lenders
continues to rise and these lenders are increasingly willing to
slash prices to sell these properties. Many banks are selling
these homes at a value of 60 to 70 cents on the dollar.
At Momentum Funding, LLC, we are giving the opportunity to invest in these homes to qualified individuals in the Denver
area. |
We finance 100% of the purchase price and 100% of the fix up.
“Rehabber Friendly” Terms
• Loan will be 100% of the sale price and 100% of the repair
funds, not to exceed 70% of the ARV (after repair value)
• Quick approvals and closing process, less than 1 week from
application
• No pre-payment penalties
• Closing costs can be wrapped into the loan
• Interest only payments (no principal)
• The property must be purchased for the sole purpose of
renovating it and either selling it, or eventually refinancing it.
This cannot be your primary place of residence.
• 4 month note term: 14% and 4 points
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Contact:
Kurt Wiedt
kurt@momentum-funding.com
(303) 796-7600 (office)
(303) 717-2536 (cell)
(303) 796-7608 (fax) |
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