Listing photoEagle River, AK 99577 · MLS 26-12255
"This will have to be a Cash sale or Rehab loan."
16624 Riddell Cir is a 3-bedroom, 2-bath home in Eagle River, Alaska listed at $290,000 with 1,712 square feet, built in 1983. 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 ($29,000), we fund the $188,320 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 Alaska or our Alaska hard money lending page.
From the listing. Three bedroom 2 bath home with lots of potential. This home sits in a great neighborhood and has easy access to schools and shopping. This home has fire damage and will need repaired. This will have to be a Cash sale or Rehab loan. Home is being sold 'As-Is' and no repairs will be made by the seller.
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 | $29,000 (10%) | |
| Loan at closing | $261,000 | |
| Full renovation, rough estimate* | We fund $181,446 | |
| Total loan | $442,446 | |
| Rate, interest only | from 9.99% | |
| Points | 1.5 ($6,637) | |
| Appraisal | Required | |
| Estimated monthly interest | $3,683 at full draw | |
| Cash to close, rough estimate | $46,901 | |
Rough estimates at the list price of $290,000 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.
More hard money deals in Eagle River All Alaska opportunities Hard money lender in Alaska Fix and flip loans Every live opportunity Price deals in ChatGPT with our app
Cash or hard money only"Cash offers only due to the need for a new water heater, with replacement quoted at approximately $6,500."
Cash or hard money only"Will need to utilize a renovation loan or pay cash. Will not likely qualify for standard financing."
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