Abbey Mortgage & Investments

About Abbey Mortgage & Investments

Abbey Mortgage & Investments is an asset-based lender in Berthoud, CO providing funding across the following areas: Denver, Berthoud, Loveland, Fort Collins, Longmont, Golden, Boulder, and Colorado Springs. They offer loans for many different needs and situations, including commercial hard money loans and fix-and-flip loans. They make loans on numerous types of properties, including single family, multi family residences, apartments, office buildings, retail storefronts, storage buildings, and mixed use.

Loan Types Offered: Fix and Flip Loans, Commercial Hard Money Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Storage, Mixed Use

Areas Served: Denver, Berthoud, Loveland, Fort Collins, Longmont, Golden, Boulder, Colorado Springs

Lending Guidelines for Abbey Mortgage & Investments

Below are the general loan guidelines published on the Abbey Mortgage & Investments website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Abbey Mortgage & Investments.

Loan Example 1

Leslie finds a duplex in Denver, CO to rehab and resell. Since she doesn't have enough cash to purchase the $340,000 property outright, she decides to take out a fix and flip loan from Abbey Mortgage & Investments. As the lender sets a 55% loan to value, Leslie will need to put 45% down so the total amount of the loan will be $187,000. The terms of the note also include a three percent origination fee that is to be paid at the closing and a 12 month, interest only note with a 9% interest rate.

Leslie will have to bring $153,000 at the closing (45% on the 55% loan-to-value), plus she will have to pay the $5,610 origination fee. The lender will collect $1,403 in monthly interest from the borrower. This is computed by taking the total loan value of $187,000, multiplying by the 9% interest rate, and then dividing that amount by 12. If Leslie achieves her goal of a $425,000 total sales price when the loan expires, she would pocket a gross profit of $62,560 after re-paying the principle on the note and subtracting the cash she paid at closing, the origination fee, and the total interest payments.

Loan Example 2

Estelle finds a property in Denver, CO to rehab and re-sell. Since she does not have enough cash to buy the property outright, she takes a fix and flip loan from Abbey Mortgage & Investments with the following parameters:

$160,000 sales price
70% loan to value (LTV)
12 month term
8% rate of interest
4% origination fee

Once the renovation project is finished, if Estelle sells the project for $224,000, the numbers would be as follows:

$224,000 sales price
- $112,000 loan principle (70% LTV)
- $48,000 down payment (30% on 70% LTV)
- $4,480 origination points (4% of the $112,000 principle amount)
- $8,960 interest payments (12 months x 8% interest)
-----------------------
= $50,560 gross profit (does not include taxes or rehab costs)

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