189 Kent RdPacifica, California

Pacifica, CA 94044 · MLS 426174022

List price

$529,000

6 bd / 4.5 ba
Bedrooms / baths: 3,910 sq ft
Living area: 2003
Year built: 9,180 sq ft
Lot

"Sold strictly AS-IS. Ideal for an experienced investor or builder. Cash or hard money only, quick close preferred."

Listed by Jenny He KW Advisors DRE #01255995 · (415) 860-8320

189 Kent Rd is a 6-bedroom, 4.5-bath home in Pacifica, California listed at $529,000 with 3,910 square feet, built in 2003. 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 ($52,900), we fund the $430,100 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. SHORT SALE, subject to lender approval. Oceanfront Pedro Point home, 2-story, 6 bd / 4.5 ba, approx. 3,910 sq ft on an approx. 9,180 sq ft lot with attached 4-car garage. Major foundation and structural issues related to landslide activity. Sold strictly AS-IS. Ideal for an experienced investor or builder. Cash or hard money only, quick close preferred.

01 - Price This Property

Hard money financing on 189 Kent Rd: 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 $529,000

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 $110 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 projects10% down at closing
3. Down payment10% down$52,900 at closing

You qualifyAt a 740 score with 1 completed project, you qualify for 10% down on this property with the renovation funded, or 35% down and close in 3 days.

Option 1 - Close in 3 days

35% down

No appraisal. Closes like cash.

Cash to close, rough estimate $190,308

Loan at closing $343,850

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 $89,630

Loan at closing $476,100

Rate, interest only from 9.99%

The cap of 92.5% of the total cost leaves $19,033 of the renovation for the buyer.
With one to four completed projects in three years and a moderate (half to all of the price) renovation: up to 90% of the price at closing and up to 100% of the renovation.
Ten or more completed flips (five in this state) with a 720 score reach 100% financing on this property.
Add an after-repair value to confirm the total: the loan is also capped at 72.5% of it.
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

189 Kent Rd priced at the list price.

Item	Option 1: 35% down	Option 2: 10% down
At closing
Qualifies as entered	Yes	Yes
Buyer down payment	$52,900 (10%)	$185,150 (35%)
Loan at closing	$476,100	$343,850
Full renovation, rough estimate*	We fund $411,068	Buyer pays $430,100
Total loan	$887,168	$343,850
Rate, interest only	from 9.99%	10.5%
Points	1.5 ($13,308)	1.5 ($5,158)
Appraisal	Required	None
Estimated monthly interest	$7,386 at full draw	$3,009
Cash to close, rough estimate	$89,630	$190,308

Rough estimates at the list price of $529,000 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. 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 Jenny He, KW Advisors ((415) 860-8320). To see it or make an offer, contact Jenny 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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