Listing photo

Investment Opportunity · Hard Money Financing

3349 E 132nd StCleveland, Ohio

Cleveland, OH 44120 · MLS 5233278

List price

$98,500

4 bd / 2 ba
Bedrooms / baths: 2,290 sq ft
Living area: 1924
Year built: 4,199 sq ft
Lot

Listed by Nicholas Huscroft Chosen Real Estate Group (330) 249-3499

3349 E 132nd St is a 4-bedroom, 2-bath home in Cleveland, Ohio listed at $98,500 with 2,290 square feet, built in 1924. 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 ($9,850), we fund the $103,050 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Ohio or our Ohio hard money lending page.

From the listing. DRASTICALLY PRICE DROP - SELLING IMMEDIATELY. SOLD STRICTLY AS-IS. REPAIRS NEEDED. NO SELLER CREDITS. CASH OR HARD MONEY ONLY. SELLER WILL NOT WAIT. SELLING IMMEDIATELY. Duplex property, Two unit house.

01 - Price This Property

Hard money financing on 3349 E 132nd St: 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 $98,500

State OH

Your credit score, approximate

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

Investment projects you completed in the last 3 years

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

Renovation budget

Our super rough estimate at $45 per sq ft. Put in your contractor's number if you have one.

After-repair value, if you know it

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

1. Your score740Qualifies, high-score terms
2. Your experience1 to 2 projectsTier 2: 10% down
3. Down payment10% down$9,850 at closing

You qualifyAt a 740 score with 1 completed project, you qualify for 10% down on this property with the renovation funded.

Fix and flip, experienced

10% down

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

Cash to close, rough estimate $17,116

Loan at closing $88,650

Rate, interest only from 9.75%

A 740 or better score on a purchase under $750,000 gets the high-score terms: the loan can reach 90% of after-repair value instead of 75%.
Experience Tier 2 on 1 completed project in three years: 10% down, 100% of the renovation funded.

02 - The Numbers at Closing

3349 E 132nd St priced at the list price.

Item		Fix and flip: 10% down
At closing
Qualifies as entered	Yes
Buyer down payment	$9,850 (10%)
Loan at closing	$88,650
Cosmetic renovation, rough estimate*	We fund $103,050
Total loan	$191,700
Rate, interest only	from 9.75%
Points	1.5 ($2,876)
Appraisal	Required
Estimated monthly interest	$1,558 at full draw
Cash to close, rough estimate	$17,116

Rough estimates at the list price of $98,500 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.

We are the lender, not the listing agent. This property is listed by Nicholas Huscroft, Chosen Real Estate Group ((330) 249-3499). To see it or make an offer, contact Nicholas 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.

Request the Term Sheet Call (323) 304-4978

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

Nearby

More cash and hard money listings in Cleveland.

Cash or hard money only

Cleveland, OH

8 bd home in Cleveland

Street address with a free account

$124,000

8 bd · 2 ba · 2,784 sq ft · Built 1920

"DRASTICALLY PRICE DROP – SELLING IMMEDIATELY. SOLD STRICTLY AS-IS. REPAIRS NEEDED. NO SELLER CREDITS. CASH OR HARD MONEY ONLY. SELLER WILL NOT WAIT. SELLING IMMEDIATELY. Duplex property, Two unit house. 1 unit is 3 bedroom and 1 bathroom, 2 nd unit is 5 bedrooms and 1 bathroom total 8 bedrooms and 2 bathrooms."

Pricing and profitability Sign in to see

Renovation estimate, rough $125,280

Listed by Nicholas Huscroft, Chosen Real Estate Group

See the listing and the financing

Cash or hard money only

Cleveland, OH

4 bd home in Cleveland

Street address with a free account

$97,500

4 bd · 2 ba · 2,569 sq ft · Built 1916

"DRASTICALLY PRICE DROP – SELLING IMMEDIATELY. SOLD STRICTLY AS-IS. REPAIRS NEEDED. NO SELLER CREDITS. CASH OR HARD MONEY ONLY. SELLINGIMMEDIATELY. Duplex property, Two unit house."

Pricing and profitability Sign in to see

Renovation estimate, rough $115,605

Listed by Nicholas Huscroft, Chosen Real Estate Group

See the listing and the financing