Listing photoSpokane, WA 99203 · MLS 202619903
"Due to the updates needed, cash offers only."
740 E Plateau Rd is a 4-bedroom, 2-bath home in Spokane, Washington listed at $539,900 with 2,363 square feet, built in 1950. 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 ($53,990), we fund the $106,335 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 Washington or our Washington hard money lending page.
From the listing. Build your dream home or reimagine this mid-century home in the heart of Rockwood! Set on a prominent . 37-acre corner lot along one of Spokane’s most sought-after streets, this property is surrounded by beautifully restored and luxury homes, many valued at $1M+.
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 | $53,990 (10%) | |
| Loan at closing | $485,910 | |
| Cosmetic renovation, rough estimate* | We fund $106,335 | |
| Total loan | $592,245 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($8,884) | |
| Appraisal | Required | |
| Estimated monthly interest | $4,812 at full draw | |
| Cash to close, rough estimate | $67,264 | |
Rough estimates at the list price of $539,900 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 takes a 740 score or a deeper track record; a first flip under 720 puts 25% 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"Property is being sold cash only, strictly AS-IS."
Cash or hard money only"Cash offers only."
Cash or hard money only"Some work had been started by previous owners so home is available to cash or hard money buyers only."
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