Investment Opportunity · Hard Money Financing

123 Helen StKirbyville, Texas

Kirbyville, TX 75956 · MLS 267470

List price

$60,000

3 bd / 1 ba
Bedrooms / baths: 1,296 sq ft
Living area

"CASH ONLY!!"

Listed by Patricia Kelly Stirling Southeast Texas Realty (409) 423-9794

123 Helen St is a 3-bedroom, 1-bath home in Kirbyville, Texas listed at $60,000 with 1,296 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 ($6,000), we fund the $142,560 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Texas or our Texas hard money lending page.

01 - Price This Property

Hard money financing on 123 Helen St: 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 $60,000

State TX

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 $110 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$6,000 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 $13,338

Loan at closing $54,000

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

123 Helen St priced at the list price.

Item		Fix and flip: 10% down
At closing
Qualifies as entered	Yes
Buyer down payment	$6,000 (10%)
Loan at closing	$54,000
Full renovation, rough estimate*	We fund $142,560
Total loan	$196,560
Rate, interest only	from 9.75%
Points	1.5 ($2,948)
Appraisal	Required
Estimated monthly interest	$1,597 at full draw
Cash to close, rough estimate	$13,338

Rough estimates at the list price of $60,000 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.

We are the lender, not the listing agent. This property is listed by Patricia Kelly Stirling, Southeast Texas Realty ((409) 423-9794). To see it or make an offer, contact Patricia 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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