Listing photoCamarillo, CA 93010 · MLS V1-39365
"* CASH ONLY * Rare one-acre contractor special in the coveted Camarillo Heights, offering stunning ocean views and a head start with new..."
845 Mission Dr is a 2-bedroom, 2-bath home in Camarillo, California listed at $789,000 with 1,844 square feet, built in 1941. 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 10% down ($78,900), we fund the $82,980 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. 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.
From the listing. * CASH ONLY * Rare one-acre contractor special in the coveted Camarillo Heights, offering stunning ocean views and a head start with new electrical and plumbing already installed. This is a prime opportunity for an experienced buyer or investor ready to tackle a project with massive upside. The main house has been strategically redesigned into two separate units. The internal stairs were removed to create a fully remodeled upstairs unit featuring an expanded bathroom. The bottom floor is an unfinished junior ADU, constructed to code and ready for your finishing touches.
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 | Option 1: 35% down | Option 2: 10% down |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | Yes |
| Buyer down payment | $78,900 (10%) | $276,150 (35%) |
| Loan at closing | $710,100 | $512,850 |
| Cosmetic renovation, rough estimate* | We fund $82,980 | Buyer pays $82,980 |
| Total loan | $793,080 | $512,850 |
| Rate, interest only | from 9.99% | 10.5% |
| Points | 1.5 ($11,896) | 1.5 ($7,693) |
| Appraisal | Required | None |
| Estimated monthly interest | $6,602 at full draw | $4,487 |
| Cash to close, rough estimate | $95,186 | $283,843 |
Rough estimates at the list price of $789,000 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 $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. 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.
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Cash or hard money only"Selling in present condition "as is", no repairs will be made and only cash will be accepted."
Cash or hard money only"Cash only to be accepted on this one, with no repairs being completed per seller."
Cash or hard money only"ALL-CASH OR HARD-MONEY OFFERS ONLY. NO CONVENTIONAL FINANCING."
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