Listing photoNew Orleans, LA 70117
"Cash offers only, accompanied by proof of funds."
3715 N Robertson St is a 4-bedroom, 2-bath home in New Orleans, Louisiana listed at $40,000 with 1,344 square feet, built in 1953. 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 20% down ($8,000), we fund the $147,840 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. See every hard money opportunity in Louisiana or our Louisiana hard money lending page.
From the listing. Being sold as a tear-down with the vacant lot next door included. The property is currently boarded up. Cash offers only, accompanied by proof of funds.
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 | Fix and flip: 20% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $8,000 (20%) | |
| Loan at closing | $32,000 | |
| Major renovation, rough estimate* | We fund $132,360 | |
| Total loan | $164,360 | |
| Rate, interest only | from 9.99% | |
| Points | 1.5 ($2,465) | |
| Appraisal | Required | |
| Estimated monthly interest | $1,368 at full draw | |
| Cash to close, rough estimate | $30,335 | |
Rough estimates at the list price of $40,000 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.
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Cash or hard money only"Will not qualify for conventional financing - cash or renovation financing only."
Cash or hard money only"Due to its current condition, the home will not qualify for RD, VA, FHA, or standard Conventional financing."
Investor special"Needs a cash buyer or renovation loan."
Get pre-qualified in one call and write your offer with the financing already lined up.
