Investment Opportunity · Hard Money Financing

10490 Hubbard RdAuburn, California

Auburn, CA 95602 · MLS 226108576

List price
$627,792
3 bd / 2 ba
Bedrooms / baths
2,157 sq ft
Living area
1987
Year built
108,900 sq ft
Lot

"Property sold strictly AS-IS and is not financeable in its current condition."

Listed by Robert Graves GUIDE Real Estate DRE #01893900 · (916) 276-6328

10490 Hubbard Rd is a 3-bedroom, 2-bath home in Auburn, California listed at $627,792 with 2,157 square feet, built in 1987. 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 ($62,779), we fund the $237,270 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. A California buyer can also close in 3 days with 35% down and no appraisal. See every hard money opportunity in California or our California hard money lending page.

01 - Price This Property

Hard money financing on 10490 Hubbard Rd: 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 $627,792
State CA

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

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

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

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

  1. 1. Your score740Qualifies
  2. 2. Your experience1 to 2 projectsTier 2: 10% down
  3. 3. Down payment10% down$62,779 at closing
You qualifyAt a 740 score with 1 completed project, you qualify for 10% down on this property with the renovation funded, or 35% down and close in 3 days.
Option 1 - Close in 3 days

35% down

No appraisal. Closes like cash.

Cash to close, rough estimate $225,848
Loan at closing $408,065
Rate, interest only 10.5%
Option 2 - Fix and flip, experienced

10% down

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

Cash to close, rough estimate $79,203
Loan at closing $565,013
Rate, interest only from 9.25%
  • Experience Tier 2 on 1 completed project in three years: 10% down, 100% of the renovation funded.
  • No credit score minimum and no appraisal: the desk values the property from recent sales. Renovation is on the buyer. Subject to internal review.
02 - The Numbers at Closing

10490 Hubbard Rd priced at the list price.

ItemOption 1: 35% downOption 2: 10% down
At closing
Qualifies as enteredYesYes
Buyer down payment$62,779 (10%)$219,727 (35%)
Loan at closing$565,013$408,065
Full renovation, rough estimate*We fund $237,270Buyer pays $237,270
Total loan$802,283$408,065
Rate, interest onlyfrom 9.25%10.5%
Points1.5 ($12,034)1.5 ($6,121)
AppraisalRequiredNone
Estimated monthly interest$6,184 at full draw$3,571
Cash to close, rough estimate$79,203$225,848

Rough estimates at the list price of $627,792 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 is for experienced investors; first-time flippers put 20% down. The no-appraisal option is available in major California markets. 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 Robert Graves, GUIDE Real Estate ((916) 276-6328). To see it or make an offer, contact Robert 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.

More hard money deals in Auburn All California opportunities Hard money lender in California Fix and flip loans Every live opportunity

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