Listing photoSherman Oaks, CA 91411 · MLS OC26235235
"Due to its current condition, the property may not qualify for standard conventional financing. Cash or private financing preferred."
5521 Kester Ave #10 is a 3-bedroom, 3-bath home in Sherman Oaks, California listed at $650,000 with 1,530 square feet, built in 2008. 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 ($65,000), we fund the $209,000 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. Investment opportunity. The property has unrepaired water damage. Portions of the ceilings, drywall, and flooring have been removed, and repairs remain incomplete. Due to its current condition, the property may not qualify for standard conventional financing. Cash or private financing preferred. Spacious townhome in Sherman Oaks, 3 bedrooms, 3 baths with a bonus room downstairs, approximately 1,900 sq. ft. total, roof top deck and underground parking.
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 | Yes | Yes |
| Buyer down payment | $65,000 (10%) | $227,500 (35%) |
| Loan at closing | $585,000 | $422,500 |
| Full renovation, rough estimate* | We fund $209,000 | Buyer pays $209,000 |
| Total loan | $794,000 | $422,500 |
| Rate, interest only | from 9.99% | 10.5% |
| Points | 1.5 ($11,910) | 1.5 ($6,338) |
| Appraisal | Required | None |
| Estimated monthly interest | $6,610 at full draw | $3,697 |
| Cash to close, rough estimate | $81,300 | $233,838 |
Rough estimates at the list price of $650,000 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.
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Cash or hard money only"Cash only. Property needs TLC."
Cash or hard money only"CASH OFFERS ONLY."
Get pre-qualified in one call and write your offer with the financing already lined up.
