12262 Orangewood AveGarden Grove, California

Garden Grove, CA 90680 · MLS PW26173942

List price

$1,175,000

6 bd / 4 ba
Bedrooms / baths: 2,000 sq ft
Living area: 1944
Year built: 7,918 sq ft
Lot

"INVESTOR OPPORTUNITY, FIXER UPPER BRING YOUR VISION AND BUILD INSTANT EQUITY!"

Listed by Letty Watt eXp Realty of Southern California, Inc. DRE #01165439 · (714) 875-1403

12262 Orangewood Ave is a 6-bedroom, 4-bath home in Garden Grove, California listed at $1,175,000 with 2,000 square feet, built in 1944. 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 ($117,500), we fund the $90,000 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. INVESTOR OPPORTUNITY, FIXER UPPER BRING YOUR VISION AND BUILD INSTANT EQUITY! THIS PROPERTY IS FULL OF POTENTIAL, RENOVATE, OPPORTUNITY, TO BUILD AN ADU, LEASE , OR MAKE IT YOUR OWN. CONVENIENT LOCATION, DISNEYLAND ONLY 2 BLOCKS AWAY. TWO RESIDENCE IN ONE LOT, LOWER UNIT AND UPSTAIRS UNIT, PARKING SPACE FOR 10 CARS. 3 BEDROOMS 2 BATHS EACH HOME, RV SPACE, SEPARATE ENTRIES WITH TWO IRON GATES,

01 - Price This Property

Hard money financing on 12262 Orangewood Ave: 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 $1,175,000

State CA

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 $45 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$117,500 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). The 3-day option at 35% down is open as it stands.

Option 1 - Close in 3 days

35% down

No appraisal. Closes like cash.

Cash to close, rough estimate $422,706

Loan at closing $763,750

Rate, interest only 10.5%

Option 2 - Fix and flip, experienced

10% down

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

Cash to close, rough estimate $139,103

Loan at closing $1,057,500

Rate, interest only from 9.25%

Pre-screen. The total loan of $1,147,500 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.
No credit score minimum and no appraisal: the desk values the property from recent sales. Renovation is on the buyer. Subject to internal review.

02 - The Numbers at Closing

12262 Orangewood Ave priced at the list price.

Item	Option 1: 35% down	Option 2: 10% down
At closing
Qualifies as entered	Pre-screen	Yes
Buyer down payment	$117,500 (10%)	$411,250 (35%)
Loan at closing	$1,057,500	$763,750
Cosmetic renovation, rough estimate*	We fund $90,000	Buyer pays $90,000
Total loan	$1,147,500	$763,750
Rate, interest only	from 9.25%	10.5%
Points	1.5 ($17,213)	1.5 ($11,456)
Appraisal	Required	None
Estimated monthly interest	$8,845 at full draw	$6,683
Cash to close, rough estimate	$139,103	$422,706

Rough estimates at the list price of $1,175,000 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.

We are the lender, not the listing agent. This property is listed by Letty Watt, eXp Realty of Southern California, Inc. ((714) 875-1403). To see it or make an offer, contact Letty 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

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