2027 Valentine St NEGrand Rapids, Michigan

Grand Rapids, MI 49525 · MLS 26043961

List price

$309,900

3 bd / 1 ba
Bedrooms / baths: 1,596 sq ft
Living area

"Sold as-is; cash only due to known foundation concerns."

Listed by Brittany Arraut Bellabay Realty (North) (616) 460-5900

2027 Valentine St NE is a 3-bedroom, 1-bath home in Grand Rapids, Michigan listed at $309,900 with 1,596 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 ($30,990), we fund the $71,820 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Michigan or our Michigan hard money lending page.

From the listing. Waterfront acreage in Forest Hills Schools! Tucked among mature trees, this 3-bedroom, 1-bath home offers 1755 finished sqft on 1.47 acres with approximately 434 feet of private frontage, including channel frontage and 28 feet directly on peaceful, no-wake Emerald Lake. The main level features a spacious living room with stone gas fireplace and sliders to a large deck, an open kitchen/dining area, main-floor laundry, full bath and two bedrooms with a shared walk-in closet. Upstairs, find a generous third bedroom with built-ins plus a walk-through flex space with potential for an office, studio or additional living space. An attached garage and detached brick garage/barn add exceptional storage and workspace. A dock is included and needs repair. Bring your vision to restore this one-of-a-kind waterfront retreat. Sold as-is; cash only due to known foundation concerns. Inspection report available. Schedule your private showing today!

01 - Price This Property

Hard money financing on 2027 Valentine St NE: 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 $309,900

State MI

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$30,990 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 $40,641

Loan at closing $278,910

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

2027 Valentine St NE priced at the list price.

Item		Fix and flip: 10% down
At closing
Qualifies as entered	Yes
Buyer down payment	$30,990 (10%)
Loan at closing	$278,910
Cosmetic renovation, rough estimate*	We fund $71,820
Total loan	$350,730
Rate, interest only	from 9.75%
Points	1.5 ($5,261)
Appraisal	Required
Estimated monthly interest	$2,850 at full draw
Cash to close, rough estimate	$40,641

Rough estimates at the list price of $309,900 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. 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 Brittany Arraut, Bellabay Realty (North) ((616) 460-5900). To see it or make an offer, contact Brittany 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

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