345 Leon StAltamonte Springs, Florida

Altamonte Springs, FL 32701 · MLS NS1089695

List price

$155,000

1 bd / 1 ba
Bedrooms / baths: 780 sq ft
Living area: 1988
Year built

"The existing home is being sold strictly AS-IS, making it ideal for cash or hard money buyers ready to capitalize on a prime location..."

Listed by Nate Samson ENGEL & VOLKERS NEW SMYRNA (386) 213-6899

345 Leon St is a 1-bedroom, 1-bath home in Altamonte Springs, Florida listed at $155,000 with 780 square feet, built in 1988. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with 1 to 2 completed projects and a 740 score puts 25% down ($38,750), we fund the $85,800 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. See every hard money opportunity in Florida or our Florida hard money lending page.

From the listing. Prime value-add investment opportunity in Altamonte Springs. Oversized quarter-acre lot, no HOA, blank canvas for a complete renovation or expansion. Sold strictly AS-IS, ideal for cash or hard money buyers.

01 - Price This Property

Hard money financing on 345 Leon St: what you qualify for.

Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.

List price $155,000

State FL

Your credit score, approximate

Type a number, like 720. A ballpark is fine and nothing is pulled. Leave it empty if you have no score.

Investment projects you completed in the last 3 years

Flips, rentals bought and sold, or builds. Decides the down payment.

Renovation budget

Our super rough estimate at $110 per sq ft. Put in your contractor's number if you have one.

After-repair value, if you know it

The loan stays under 75% of it. Leave blank to size on the price alone.

1. Your score740Qualifies
2. Your experience1 to 2 projects25% down at closing
3. Down payment25% down$38,750 at closing

You qualifyAt a 740 score with 1 completed project, you qualify for 25% down on this property with the renovation funded.

Fix and flip, experienced

25% down

We fund 100% of the renovation. Closes in 2 weeks.

Cash to close, rough estimate $46,171

Loan at closing $116,250

Rate, interest only from 9.75%

With one or two completed projects in three years and a heavy (half to all of the price) renovation: up to 75% of the price at closing and 100% of the renovation.
Add an after-repair value to confirm the total: the loan is also capped at 70% of it.

02 - The Numbers at Closing

345 Leon St priced at the list price.

Item		Fix and flip: 25% down
At closing
Qualifies as entered	Yes
Buyer down payment	$38,750 (25%)
Loan at closing	$116,250
Full renovation, rough estimate*	We fund $85,800
Total loan	$202,050
Rate, interest only	from 9.75%
Points	1.5 ($3,031)
Appraisal	Required
Estimated monthly interest	$1,642 at full draw
Cash to close, rough estimate	$46,171

Rough estimates at the list price of $155,000 for a 740 score and 1 completed project. This is not a commitment to lend.

*Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $110 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down takes a 740 score or a deeper track record; a first flip under 720 puts 25% down. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.

We are the lender, not the listing agent. This property is listed by Nate Samson, ENGEL & VOLKERS NEW SMYRNA ((386) 213-6899). To see it or make an offer, contact Nate directly, or work with your own buyer's agent. The numbers on this page are simply what our financing would look like on this property. Viewing them is not a commitment to borrow from us, and you are free to finance the purchase however you choose. We do not represent buyers or sellers.

Request the Term Sheet Call (323) 304-4978

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