Listing photoSan Francisco, CA 94124 · MLS 426126043
"Sold as-is with 1 tenant."
1196 Quesada Ave is a 3-bedroom, 3-bath home in San Francisco, California listed at $1,088,000 with 3,500 square feet, built in 1919. 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 ($108,800), we fund the $157,500 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.
From the listing. Sunny location a few blocks from the bay. In need of repairs per inspection report. Great income producer. Sold as-is with 1 tenant.
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 | Pre-screen | Yes |
| Buyer down payment | $108,800 (10%) | $380,800 (35%) |
| Loan at closing | $979,200 | $707,200 |
| Cosmetic renovation, rough estimate* | We fund $157,500 | Buyer pays $157,500 |
| Total loan | $1,136,700 | $707,200 |
| Rate, interest only | from 9.25% | 10.5% |
| Points | 1.5 ($17,051) | 1.5 ($10,608) |
| Appraisal | Required | None |
| Estimated monthly interest | $8,762 at full draw | $6,188 |
| Cash to close, rough estimate | $130,241 | $391,408 |
Rough estimates at the list price of $1,088,000 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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Investor special"Sold AS-IS!!!"
Investor special"This is a court ordered sale being sold as-is."
Investor special"This is a conservatorship sale without court confirmation, sold as-is without warranty expressed or implied."
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