Listing photoBuena Park, CA 90620 · MLS PW26194760
"SOLD AS-IS."
8408 Mercury Dr is a 5-bedroom, 2-bath home in Buena Park, California listed at $1,199,999 with 1,837 square feet, built in 1958. 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 ($120,000), we fund the $82,665 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. Location!!! Walkable to Knotts Berry Farm and Buena Park Downtown. Near Disneyland. Remodeled. Large patio. Large back yard with block wall surrounding. The living space is 1837sqft plus about 400sqft for enclosed patio, so we have a total over 2200sqft for living and entertainment. New PVC luxury vinyl flooring. New bathrooms. Newer windows. New room doors. New kitchen appliances. New paint (inside & outside). Kitchen open floor plan with big island. 36-inch-wide bathroom door to suite for Living Assistant. Easy to convert into 2 HOUSES (just close the door) with own entrance (Front unit is 3beds/2baths, back unit is 2beds/1baths). Solar paid off with electrical panel 200 amp. EV charger in Garage (493sqft) with direct access. Lot 9000sqft, so potential spaces for ADU & JADU. Easy to access FREEWAY 5 & 91. SOLD AS-IS. Buyer and Buyer's agent are responsible to verify all information.
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 | Pre-screen | Yes |
| Buyer down payment | $120,000 (10%) | $420,000 (35%) |
| Loan at closing | $1,079,999 | $779,999 |
| Cosmetic renovation, rough estimate* | We fund $82,665 | Buyer pays $82,665 |
| Total loan | $1,162,664 | $779,999 |
| Rate, interest only | from 9.25% | 10.5% |
| Points | 1.5 ($17,440) | 1.5 ($11,700) |
| Appraisal | Required | None |
| Estimated monthly interest | $8,962 at full draw | $6,825 |
| Cash to close, rough estimate | $141,830 | $431,700 |
Rough estimates at the list price of $1,199,999 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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