13706 C St STacoma, Washington

Tacoma, WA 98444 · MLS 2531962

List price

$1,100,000

2 bd / 1 ba
Bedrooms / baths: 932 sq ft
Living area: 1926
Year built: 102,366 sq ft
Lot

"The property features an existing two-bed, one-bath fixer-upper (or tear-down) house and a large shop."

Listed by David Dzyk Best Choice Realty (206) 886-3986

13706 C St S is a 2-bedroom, 1-bath home in Tacoma, Washington listed at $1,100,000 with 932 square feet, built in 1926. 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 ($110,000), we fund the $102,520 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 Washington or our Washington hard money lending page.

From the listing. Prime 2.35-acre multifamily development opportunity located just off Pacific Avenue, next to Pierce County Library and Sprinker Recreation Center. Value in the land and zoning. Excellent C Street frontage, the property is zoned Neighborhood Corridor (NCOR), allowing for a mix of residential, civic, and small-scale commercial or retail uses. The property features an existing two-bed, one-bath fixer-upper (or tear-down) house and a large shop. Sold as-is. Buyer to verify all information.

01 - Price This Property

Hard money financing on 13706 C St S: what you qualify for.

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.

List price $1,100,000

State WA

Your credit score, approximate

Type a number, like 720. A ballpark is fine and nothing is pulled. Leave it empty if you have no score.

Investment projects you completed in the last 3 years

Flips, rentals bought and sold, or builds. Decides the down payment.

Renovation budget

Our super rough estimate at $110 per sq ft. Put in your contractor's number if you have one.

After-repair value, if you know it

The loan stays under 75% of it. Leave blank to size on the price alone.

1. Your score740Qualifies
2. Your experience1 to 2 projectsTier 2: 10% down
3. Down payment10% down$110,000 at closing

Pre-screenAt a 740 score with 1 completed project, fix and flip on this property goes to the desk for a pre-screen (10% down if approved).

Fix and flip, experienced

10% down

We fund 100% of the renovation. Closes in 2 weeks.

Cash to close, rough estimate $130,778

Loan at closing $990,000

Rate, interest only from 9.75%

Pre-screen. The total loan of $1,092,520 is over the $1,000,000 program maximum. Up to $3,500,000 goes by pre-screen with the desk.

Experience Tier 2 on 1 completed project in three years with a light (up to 25% of the price) renovation: up to 90% of the price at closing, 100% of the renovation funded.

02 - The Numbers at Closing

13706 C St S priced at the list price.

Item		Fix and flip: 10% down
At closing
Qualifies as entered	Pre-screen
Buyer down payment	$110,000 (10%)
Loan at closing	$990,000
Major renovation, rough estimate*	We fund $102,520
Total loan	$1,092,520
Rate, interest only	from 9.75%
Points	1.5 ($16,388)
Appraisal	Required
Estimated monthly interest	$8,877 at full draw
Cash to close, rough estimate	$130,778

Rough estimates at the list price of $1,100,000 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. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.

We are the lender, not the listing agent. This property is listed by David Dzyk, Best Choice Realty ((206) 886-3986). To see it or make an offer, contact David directly, or work with your own buyer's agent. The numbers on this page are simply what our financing would look like on this property. Viewing them is not a commitment to borrow from us, and you are free to finance the purchase however you choose. We do not represent buyers or sellers.

Request the Term Sheet Call (323) 304-4978

More hard money deals in Tacoma All Washington opportunities Hard money lender in Washington Fix and flip loans Every live opportunity

Nearby