Leyden Lane

Purchase Date: March 2021

Purchase Price: $215,000

Terms: Refinanced into Fannie Mae 30-year, 3.35%


Commerce City, Colorado, United States


Plan: Sold on wrap financing to a Buyer, we collected 10% down and will continue to build equity in our Note. The Buyer has a 5 year balloon and we will assist him in obtaining financing or sell the Note into the secondary market.

Property needed a full gut job inside and out as well as all new landscaping front and back. We added a second bathroom with a shower to make it more of a family home. Huge lot, convenient for someone with lots of vehicles and a place to build a garage. New siding, roof, windows, you name it! The property appraised for $125,000 more than our cost basis at the time of refinance.