Listing photoSan Antonio, TX 78202 · MLS 2008789
"Either cash or hard money loan only."
315 Muegge is a 3-bedroom, 1-bath home in San Antonio, Texas listed at $119,900 with 1,056 square feet, built in 1956. 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 ($11,990), we fund the $47,520 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. See every hard money opportunity in Texas or our Texas hard money lending page.
From the listing. Partially rehabbed 3-bedroom, 1-bath home just 2 miles from downtown San Antonio, and at the gates of Ft. Sam. Ready for a simple finish-out and flip. This property offers a fenced front and backyard. Covered back patio. Central air & heat. Great opportunity for an investment! Sold as-is! Either cash or hard money loan only. No conforming loans accepted. The utility systems (Electric and gas) are flagged by the San Antonio Strike Team, interested parties should perform their own due diligence for Strike Team to restore utilities.
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 | $11,990 (10%) | |
| Loan at closing | $107,910 | |
| Cosmetic renovation, rough estimate* | We fund $47,520 | |
| Total loan | $155,430 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($2,331) | |
| Appraisal | Required | |
| Estimated monthly interest | $1,263 at full draw | |
| Cash to close, rough estimate | $18,711 | |
Rough estimates at the list price of $119,900 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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