1099 Lynn StLivermore, California

Livermore, CA 94550 · MLS 41148573

List price

$1,000,000

4 bd / 2.5 ba
Bedrooms / baths: 2,267 sq ft
Living area: 1964
Year built: 8,930 sq ft
Lot

"Fixer-upper opportunity in an established Livermore neighborhood! Situated on a large corner lot, this home has great bones and plenty of potential. Features include original hardwood floors and a spacious lot with room for boat or RV parking. The property is in need of updating and is being sold in its present condition."

Listed by Vickie Harris eXp Realty of Northern California, Inc DRE #01072497 · (925) 397-4694

1099 Lynn St is a 4-bedroom, 2.5-bath home in Livermore, California listed at $1,000,000 with 2,267 square feet, built in 1964. 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 ($100,000), we fund the $102,015 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. Fixer-upper opportunity on a large corner lot in an established Livermore neighborhood, original hardwood floors, sold in its present condition.

01 - Price This Property

Hard money financing on 1099 Lynn 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 $1,000,000

State CA

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
2. Your experience1 to 2 projectsTier 2: 10% down
3. Down payment10% down$100,000 at closing

Pre-screenAt a 740 score with 1 completed project, fix and flip on this property goes to the desk for a pre-screen (10% down if approved). The 3-day option at 35% down is open as it stands.

Option 1 - Close in 3 days

35% down

No appraisal. Closes like cash.

Cash to close, rough estimate $359,750

Loan at closing $650,000

Rate, interest only 10.5%

Option 2 - Fix and flip, experienced

10% down

We fund 100% of the renovation. Closes in 2 weeks.

Cash to close, rough estimate $119,420

Loan at closing $900,000

Rate, interest only from 9.25%

Pre-screen. The total loan of $1,002,015 is over the $1,000,000 program maximum. Up to $3,500,000 goes by pre-screen with the desk.

Experience Tier 2 on 1 completed project in three years: 10% down, 100% of the renovation funded.
No credit score minimum and no appraisal: the desk values the property from recent sales. Renovation is on the buyer. Subject to internal review.

02 - The Numbers at Closing

1099 Lynn St priced at the list price.

Item	Option 1: 35% down	Option 2: 10% down
At closing
Qualifies as entered	Pre-screen	Yes
Buyer down payment	$100,000 (10%)	$350,000 (35%)
Loan at closing	$900,000	$650,000
Cosmetic renovation, rough estimate*	We fund $102,015	Buyer pays $102,015
Total loan	$1,002,015	$650,000
Rate, interest only	from 9.25%	10.5%
Points	1.5 ($15,030)	1.5 ($9,750)
Appraisal	Required	None
Estimated monthly interest	$7,724 at full draw	$5,688
Cash to close, rough estimate	$119,420	$359,750

Rough estimates at the list price of $1,000,000 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.

We are the lender, not the listing agent. This property is listed by Vickie Harris, eXp Realty of Northern California, Inc ((925) 397-4694). To see it or make an offer, contact Vickie 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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