Investment Opportunity · Hard Money Financing

1400 Klamath River DrRancho Cordova, California

Rancho Cordova, CA 95670 · MLS 226113613

List price

$299,000

3 bd / 2 ba
Bedrooms / baths: 1,127 sq ft
Living area: 1983
Year built: 7,497 sq ft
Lot

"Sold strictly as-is, cash only."

Listed by Katie Swayne Dunnigan REALTORS DRE #01740124 · (916) 454-5753

1400 Klamath River Dr is a 3-bedroom, 2-bath home in Rancho Cordova, California listed at $299,000 with 1,127 square feet, built in 1983. 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 ($29,900), we fund the $50,715 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.

01 - Price This Property

Hard money financing on 1400 Klamath River Dr: 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 $299,000

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, high-score terms
2. Your experience1 to 2 projectsTier 2: 10% down
3. Down payment10% down$29,900 at closing

You qualifyAt a 740 score with 1 completed project, you qualify for 10% down on this property with the renovation funded.

Option 1 - Close in 3 days

35% down

No appraisal. Closes like cash.

Cash to close, rough estimate $107,565

Loan at closing $194,350

Rate, interest only 10.5%

Why not. At 35% down the loan would be $194,350, under the $250,000 minimum on the 3-day program.

Option 2 - Fix and flip, experienced

10% down

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

Cash to close, rough estimate $39,087

Loan at closing $269,100

Rate, interest only from 9.25%

A 740 or better score on a purchase under $750,000 gets the high-score terms: the loan can reach 90% of after-repair value instead of 75%.
Experience Tier 2 on 1 completed project in three years: 10% down, 100% of the renovation funded.

02 - The Numbers at Closing

1400 Klamath River Dr priced at the list price.

Item	Option 1: 35% down	Option 2: 10% down
At closing
Qualifies as entered	Yes	No
Buyer down payment	$29,900 (10%)	$104,650 (35%)
Loan at closing	$269,100	$194,350
Cosmetic renovation, rough estimate*	We fund $50,715	Buyer pays $50,715
Total loan	$319,815	$194,350
Rate, interest only	from 9.25%	10.5%
Points	1.5 ($4,797)	1.5 ($2,915)
Appraisal	Required	None
Estimated monthly interest	$2,465 at full draw	$1,701
Cash to close, rough estimate	$39,087	$107,565

Rough estimates at the list price of $299,000 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 Katie Swayne, Dunnigan REALTORS ((916) 454-5753). To see it or make an offer, contact Katie 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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