Listing photo6300 Calle Amorada CtAlbuquerque, New Mexico
Albuquerque, NM 87114 · MLS 20262970
- 4 bd / 2.5 ba
- Bedrooms / baths
- 2,708 sq ft
- Living area
- 2002
- Year built
- 6,969 sq ft
- Lot
""As is" cash only sale with no contingencies or inspections."
6300 Calle Amorada Ct is a 4-bedroom, 2.5-bath home in Albuquerque, New Mexico listed at $456,300 with 2,708 square feet, built in 2002. 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 ($45,630), we fund the $121,860 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 New Mexico or our New Mexico hard money lending page.
From the listing. NO ACCESS OR VIEWINGS of this property. Please DO NOT DISTURB the occupant. Take a drive by this four bedroom, two and a half bath home and see if it may be your next investment. As is cash only sale with no contingencies or inspections. Buyer will be responsible for obtaining possession of the property upon closing.
Hard money financing on 6300 Calle Amorada Ct: 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.
- 1. Your score740Qualifies
- 2. Your experience1 to 2 projectsTier 2: 10% down
- 3. Down payment10% down$45,630 at closing
- Experience Tier 2 on 1 completed project in three years with a moderate (25% to 50% of the price) renovation: up to 90% of the price at closing, 100% of the renovation funded.
6300 Calle Amorada Ct priced at the list price.
| Item | Fix and flip: 10% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $45,630 (10%) | |
| Loan at closing | $410,670 | |
| Cosmetic renovation, rough estimate* | We fund $121,860 | |
| Total loan | $532,530 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($7,988) | |
| Appraisal | Required | |
| Estimated monthly interest | $4,327 at full draw | |
| Cash to close, rough estimate | $58,008 | |
Rough estimates at the list price of $456,300 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. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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