Bronx, NY 10457
"Selling AS-IS ONLY. Cash/Hard Money Only."
1762 Topping Ave is a home in Bronx, New York listed at $925,000 with 5,904 square feet, built in 1899. 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 ($92,500), we fund the $649,440 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in New York or our New York hard money lending page.
From the listing. Vacant brick attached 2-family brownstone located in the Mount Hope section of the Bronx. The building has been fully gutted and is ready for renovation, offering a prime opportunity for developers and investors. R7-1 Zoning. Building size: 20 x 61. Lot size: 20 x 95. Brick Attached VACANT. Sold with approved plans to convert to 8 FREE MARKET apartments. Approved plans included in the sale. Selling AS-IS ONLY. Cash/Hard Money Only.
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 | Pre-screen | |
| Buyer down payment | $92,500 (10%) | |
| Loan at closing | $832,500 | |
| Full renovation, rough estimate* | We fund $649,440 | |
| Total loan | $1,481,940 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($22,229) | |
| Appraisal | Required | |
| Estimated monthly interest | $12,041 at full draw | |
| Cash to close, rough estimate | $119,119 | |
Rough estimates at the list price of $925,000 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 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.
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Get pre-qualified in one call and write your offer with the financing already lined up.
