Cash or hard money only"Because of the required updates, traditional financing will likely not qualify, making this property a cash-only sale."
Listing photoRenton, WA 98058 · MLS 2575635
"Sold AS-IS—bring your contractor, your creativity and your vision."
15401 SE 179th Street is a 4-bedroom, 3-bath home in Renton, Washington listed at $625,000 with 2,084 square feet, built in 1980. 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 ($62,500), we fund the $93,780 renovation estimate in draws, and the loan closes in 2 weeks. A first flip puts 20% down. See every hard money opportunity in Washington or our Washington hard money lending page.
From the listing. Calling all investors, renovators, and buyers ready to build some serious sweat equity! Set in the established Candlewood Ridge neighborhood, this Fairwood fixer is a true blank canvas with some of the heavy lifting already behind you. Taken down to the studs in 2014, improvements include new windows, updated electrical, plumbing improvements and a permitted enclosed sunroom, plus a newer furnace and garage doors. Inside, the flexible layout offers multiple living spaces, 4 bedrooms, 3 baths and plenty of room to reimagine, renovate and make it your own. Downstairs, the spacious lower level opens into the enclosed sunroom and additional flex space, creating even more possibilities. Outside, one of the neighborhood's largest lots offers an expansive deck, patio and backyard ready for a complete transformation. Sold AS-IS-bring your contractor, your creativity and your vision.
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: 10% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $62,500 (10%) | |
| Loan at closing | $562,500 | |
| Cosmetic renovation, rough estimate* | We fund $93,780 | |
| Total loan | $656,280 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($9,844) | |
| Appraisal | Required | |
| Estimated monthly interest | $5,332 at full draw | |
| Cash to close, rough estimate | $76,734 | |
Rough estimates at the list price of $625,000 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.
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Cash or hard money only"Because of the required updates, traditional financing will likely not qualify, making this property a cash-only sale."
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