Listing photoDorchester, MA 02121 · MLS 73592381
"Cash or hard-money buyers only; not FHA-eligible."
26 Lawrence Ave is a 7-bedroom, 3-bath home in Dorchester, Massachusetts listed at $1,000,000 with 5,360 square feet, built in 1920. 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 ($100,000), we fund the $241,200 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. See every hard money opportunity in Massachusetts or our Massachusetts hard money lending page.
From the listing. A grand 1880 former rectory in the historic Lawrence Avenue district of Grove Hall, Boston, with a 1920 addition and off-street parking. Listed on the State and National Registers of Historic Places. Zoned for up to three families (3F-4000), with zoning relief extended through December 13, 2027. Cash or hard-money buyers only; not FHA-eligible.
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 | $100,000 (10%) | |
| Loan at closing | $900,000 | |
| Cosmetic renovation, rough estimate* | We fund $241,200 | |
| Total loan | $1,141,200 | |
| Rate, interest only | from 9.99% | |
| Points | 1.5 ($17,118) | |
| Appraisal | Required | |
| Estimated monthly interest | $9,500 at full draw | |
| Cash to close, rough estimate | $121,508 | |
Rough estimates at the list price of $1,000,000 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. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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