Listing photoLakeside, CA 92040 · MLS 260026828
"Cash or hard money only."
8445 Golden Ridge Rd is a 3-bedroom, 2-bath home in Lakeside, California listed at $649,999 with 1,555 square feet, built in 1968. 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 ($65,000), we fund the $171,050 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. Fixer-upper with great bones on a spacious corner lot in Lakeside. This home offers original hardwood floors, mature trees, a large yard, and wide street frontage, all with plenty of room to make it your own. The property needs work throughout and is ready for the right buyer to bring it back to life. A detached garage has been converted to a living space with a kitchen and bathroom. The conversion was done without permits and is not separately metered. Buyer is responsible for verifying permit status, legality, and the cost and process of bringing it into compliance. Cash or hard money only. Sold as-is. Currently tenant-occupied and will be delivered vacant at close of escrow. Please do not disturb the occupants. Viewings by open house or appointment only.
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 | Yes |
| Buyer down payment | $65,000 (10%) | $227,500 (35%) |
| Loan at closing | $584,999 | $422,499 |
| Full renovation, rough estimate* | We fund $171,050 | Buyer pays $171,050 |
| Total loan | $756,049 | $422,499 |
| Rate, interest only | from 9.25% | 10.5% |
| Points | 1.5 ($11,341) | 1.5 ($6,337) |
| Appraisal | Required | None |
| Estimated monthly interest | $5,828 at full draw | $3,697 |
| Cash to close, rough estimate | $80,731 | $233,837 |
Rough estimates at the list price of $649,999 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 takes a 740 score or a deeper track record; a first flip under 720 puts 25% 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"Due to the extent of work needed, it will not qualify for conventional financing."
Cash or hard money only"CASH OFFERS ONLY."
Cash or hard money only"Cash or Hard Money offers only due to property condition."
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