Listing photoNorthridge, CA 91325 · MLS SR26236668
"Empty, non-fenced pool, need cash or hard-money buyer. Financed offers will not be considered."
8137 Lasaine Ave is a 3-bedroom, 1-bath home in Northridge, California listed at $659,000 with 1,337 square feet, built in 1951. 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 ($65,900), we fund the $60,165 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. Attention Investors, Contractors, and Do-It-Yourselfers! Take a look at this opportunity! Empty, non-fenced pool, need cash or hard-money buyer. Financed offers will not be considered. This "Diamond in the Rough" is located in a wonderful Northridge neighborhood on a secluded cul-de-sac street. The property has outstanding exterior appeal with stunning mature Sycamore trees and a long brick driveway with plenty of off-street parking. The kitchen is spacious and it has a breakfast area. Plus a large 7,141 lot with lots of possibilities. Some effort and imagination will turn this property into a beautiful home!!!
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 | $65,900 (10%) | $230,650 (35%) |
| Loan at closing | $593,100 | $428,350 |
| Cosmetic renovation, rough estimate* | We fund $60,165 | Buyer pays $60,165 |
| Total loan | $653,265 | $428,350 |
| Rate, interest only | from 9.99% | 10.5% |
| Points | 1.5 ($9,799) | 1.5 ($6,425) |
| Appraisal | Required | None |
| Estimated monthly interest | $5,438 at full draw | $3,748 |
| Cash to close, rough estimate | $80,089 | $237,075 |
Rough estimates at the list price of $659,000 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.
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Cash or hard money only"While not qualifying for traditional financing due to the age of the home, a hard money loan or cash will work."
Cash or hard money only"Cash only. Property needs TLC."
Cash or hard money only"CASH OFFERS ONLY."
Get pre-qualified in one call and write your offer with the financing already lined up.
