Listing photoFresno, CA 93705 · MLS IV26025352
"* * * SPECIAL NOTES: (1) This is a CASH ONLY transaction."
2227 W Dayton Ave is a 3-bedroom, 2-bath home in Fresno, California listed at $274,900 with 1,358 square feet, built in 1956. 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 ($27,490), we fund the $61,110 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. Affordable investment opportunity in Fresno. Single-family home built in 1956, 3 bedrooms and 2 bathrooms. Auction notes: This is a CASH ONLY transaction.
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 | No |
| Buyer down payment | $27,490 (10%) | $96,215 (35%) |
| Loan at closing | $247,410 | $178,685 |
| Cosmetic renovation, rough estimate* | We fund $61,110 | Buyer pays $61,110 |
| Total loan | $308,520 | $178,685 |
| Rate, interest only | from 9.99% | 10.5% |
| Points | 1.5 ($4,628) | 1.5 ($2,680) |
| Appraisal | Required | None |
| Estimated monthly interest | $2,568 at full draw | $1,563 |
| Cash to close, rough estimate | $36,508 | $98,895 |
Rough estimates at the list price of $274,900 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. 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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Investor special"Cash, Hard Money, or Conventional AS-IS financing are all welcome."
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