Listing photoJoshua Tree, CA 92252 · MLS IG26207235
"CASH ONLY property will not qualify for traditional financing."
60217 Belfair Dr is a 3-bedroom, 2-bath home in Joshua Tree, California listed at $159,000 with 1,248 square feet, built in 1984. 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 ($15,900), we fund the $56,160 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. Joshua Tree fixer on nearly 2.5 acres! This 3-bedroom, 2-bath manufactured home on a permanent foundation offers approximately 1,248 sq. ft. on a spacious 107,593 sq. ft. lot (approx. 219' x 491') surrounded by sweeping desert
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 | $15,900 (10%) | $55,650 (35%) |
| Loan at closing | $143,100 | $103,350 |
| Cosmetic renovation, rough estimate* | We fund $56,160 | Buyer pays $56,160 |
| Total loan | $199,260 | $103,350 |
| Rate, interest only | from 9.99% | 10.5% |
| Points | 1.5 ($2,989) | 1.5 ($1,550) |
| Appraisal | Required | None |
| Estimated monthly interest | $1,659 at full draw | $904 |
| Cash to close, rough estimate | $23,279 | $57,200 |
Rough estimates at the list price of $159,000 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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Cash or hard money only"Cash only to be accepted on this one, with no repairs being completed per seller."
Cash or hard money only"ALL-CASH OR HARD-MONEY OFFERS ONLY. NO CONVENTIONAL FINANCING."
Cash or hard money only"Cash offers only. Property is not loanable in it's present condition."
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