Listing photoBuffalo, NY 14207 · MLS B1715868
"an affordable opportunity for an owner-occupant, investor, or anyone looking for the perfect fixer-upper to make their own"
106 Wiley Pl is a 3-bedroom, 1.5-bath home in Buffalo, New York listed at $124,900 with 1,229 square feet, built in 1950. 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 ($12,490), we fund the $55,305 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. Opportunity awaits at 106 Wiley Place! Offered at just $124,900, this 3-bedroom, 1.5-bath ranch offers 1,229 sq. ft. of living space and an affordable opportunity for an owner-occupant, investor, or anyone looking for the perfect fixer-upper to make their own.
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 | $12,490 (10%) | |
| Loan at closing | $112,410 | |
| Cosmetic renovation, rough estimate* | We fund $55,305 | |
| Total loan | $167,715 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($2,516) | |
| Appraisal | Required | |
| Estimated monthly interest | $1,363 at full draw | |
| Cash to close, rough estimate | $19,396 | |
Rough estimates at the list price of $124,900 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.
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Get pre-qualified in one call and write your offer with the financing already lined up.
