Listing photoFresno, CA 93701
"Property is being sold AS-IS and is a CASH-ONLY sale, making this an ideal opportunity for an investor, renovator"
2222 E White Ave is a 3-bedroom, 1-bath home in Fresno, California listed at $195,000 with 828 square feet. 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 ($19,500), we fund the $37,260 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. 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. Calling all investors, renovators and opportunity seekers! Priced at just $195,000, 2222 E White Ave offers an exciting value-add opportunity in Central Fresno. This 3 bedroom, 1 bathroom bungalow features approximately 828 square feet of living space and is ready for its next owner to bring fresh vision and new life to the property. Conveniently located with access to Downtown Fresno, shopping, dining and major commuter routes, the location adds to its long-term potential. Two additional rooms have been added to the property; permits are unknown and buyer is advised to verify. Property is being sold AS-IS and is a CASH-ONLY sale, making this an ideal opportunity for an investor, renovator or someone looking to add value.
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 | $19,500 (10%) | $68,250 (35%) |
| Loan at closing | $175,500 | $126,750 |
| Cosmetic renovation, rough estimate* | We fund $37,260 | Buyer pays $37,260 |
| Total loan | $212,760 | $126,750 |
| Rate, interest only | from 9.25% | 10.5% |
| Points | 1.5 ($3,191) | 1.5 ($1,901) |
| Appraisal | Required | None |
| Estimated monthly interest | $1,640 at full draw | $1,109 |
| Cash to close, rough estimate | $27,081 | $70,151 |
Rough estimates at the list price of $195,000 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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