Listing photoAnchorage, AK 99507 · MLS 26-12198
"3 bed 2 bath ranch home on corner lot. Foreclosure that needs some work and attention perfect for investors or anyone looking for a project/ sweat equity. Convenient location close to all amenities. Plumbing system did not hold pressure. Seller has no reports. Buyer to perform due diligence."
5361 Larkspur St is a 3-bedroom, 2-bath home in Anchorage, Alaska listed at $279,900 with 1,220 square feet, built in 1982. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with at least one completed project puts 10% down ($27,990), we fund the $54,900 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Alaska or our Alaska hard money lending page.
From the listing. Anchorage foreclosure on a corner lot, marketed to investors for a sweat-equity project. 3 bed, 2 bath, 1,220 sqft, built 1982. Plumbing system did not hold pressure per the seller; buyer to perform own due diligence, seller has no reports.
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.
| Item | Fix and flip: 10% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $27,990 (10%) | |
| Loan at closing | $251,910 | |
| Cosmetic renovation, rough estimate* | We fund $54,900 | |
| Total loan | $306,810 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($4,602) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,493 at full draw | |
| Cash to close, rough estimate | $36,982 | |
Rough estimates at the list price of $279,900 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 $45 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 is for experienced investors; first-time flippers put 20% down. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
More hard money deals in Anchorage All Alaska opportunities Hard money lender in Alaska Fix and flip loans Every live opportunity
Investor special"Great opportunity to build equity! This 3-bedroom fixer-upper offers a spacious family room with a cozy fireplace, large kitchen, and double garage. ... Property needs work. Property is being sold as is."
Investor special"Ranch style ZLL next to a greenbelt, skylights, vaulted ceiling for a spacious feel. Fixer upper! Being sold ''As-is, where-is''. Convenient commute location & close to shopping, hospitals and recreation."
Get pre-qualified in one call and write your offer with the financing already lined up.
