Cash or hard money only"Cash buyers only – bring your contractor and make your offer!"
Listing photoTemecula, CA 92591 · MLS SW26158916
"Cash only to be accepted on this one, with no repairs being completed per seller."
41751 Gilwood Ct is a 4-bedroom, 2-bath home in Temecula, California listed at $700,000 with 1,658 square feet, built in 1988. 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 ($70,000), we fund the $74,610 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. Fantastic investment opportunity for this one-story ranch-style home located in central Temecula. Just minutes away from the Temecula Mall. Cul-de-sac location, approx. 1,658 sq. ft. , with 4 bedrooms and 2 baths. Lot size is a flat, usable, pool sixe lot of 12,196 sq. ft. So much potential in this home. Cozy gas fireplace, cool tile, neutral carpet, no solar to deal with. Indoor laundry, 2-car oversized garage with low taxes and no association. A great opportunity. Excellent location, close to schools, shopping, medical, and freeway close. Please call Serina for more information. Property needs TLC, and seller will not be doing any repairs. Home is to be sold as is. Please view the supplements online of the recent professional inspection and termite report that will need to be signed with your offer. Cash only to be accepted on this one, with no repairs being completed per seller. Do not go direct. By appointment only due to occupants. No lockbox; must supply proof of funds prior to appointment being confirmed. Listing agent must attend all showings. No blind offers.
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 | $70,000 (10%) | $245,000 (35%) |
| Loan at closing | $630,000 | $455,000 |
| Cosmetic renovation, rough estimate* | We fund $74,610 | Buyer pays $74,610 |
| Total loan | $704,610 | $455,000 |
| Rate, interest only | from 9.25% | 10.5% |
| Points | 1.5 ($10,569) | 1.5 ($6,825) |
| Appraisal | Required | None |
| Estimated monthly interest | $5,431 at full draw | $3,981 |
| Cash to close, rough estimate | $84,959 | $251,825 |
Rough estimates at the list price of $700,000 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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