Investment Opportunity · Hard Money Financing

328 19th StreetNew York, New York

New York, NY 11215 · MLS 504362

List price

$1,695,000

1,800 sq ft
Living area

"Bring your contractor or architect!"

Listed by Ali Tom Bellmarc (718) 768-4500

328 19th Street is a home in New York, New York listed at $1,695,000 with 1,800 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 ($169,500), we fund the $81,000 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in New York or our New York hard money lending page.

01 - Price This Property

Hard money financing on 328 19th Street: 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 $1,695,000

State NY

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$169,500 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).

Fix and flip, experienced

10% down

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

Cash to close, rough estimate $197,988

Loan at closing $1,525,500

Rate, interest only from 9.75%

Pre-screen. The total loan of $1,606,500 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.

02 - The Numbers at Closing

328 19th Street priced at the list price.

Item		Fix and flip: 10% down
At closing
Qualifies as entered	Pre-screen
Buyer down payment	$169,500 (10%)
Loan at closing	$1,525,500
Cosmetic renovation, rough estimate*	We fund $81,000
Total loan	$1,606,500
Rate, interest only	from 9.75%
Points	1.5 ($24,098)
Appraisal	Required
Estimated monthly interest	$13,053 at full draw
Cash to close, rough estimate	$197,988

Rough estimates at the list price of $1,695,000 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. 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 Ali Tom, Bellmarc ((718) 768-4500). To see it or make an offer, contact Ali 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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