2200 Nichols Canyon RdLos Angeles, California

Los Angeles, CA 90046 · MLS PF26073925

List price

$999,000

2 bd / 1 ba
Bedrooms / baths: 1,850 sq ft
Living area: 1942
Year built: 21,482 sq ft
Lot

"This gated property is positioned on a large lot and is currently characterized as a complete fixer, offering a blank canvas for a..."

Listed by Carolin Alaverdian Coldwell Banker Realty DRE #01929505 · (818) 823-4622

2200 Nichols Canyon Rd is a 2-bedroom, 1-bath home in Los Angeles, California listed at $999,000 with 1,850 square feet, built in 1942. 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 ($99,900), we fund the $203,500 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. 2200 Nichols Canyon Road is a premier real estate opportunity. Situated in Nichols Canyon, it is just moments away from the Sunset Strip, West Hollywood, and Beverly Hills. This gated property is positioned on a large lot and is currently a complete fixer, offering a blank canvas for a custom reimagined estate. Oversized pool.

01 - Price This Property

Hard money financing on 2200 Nichols Canyon Rd: 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 $999,000

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 $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$99,900 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 $359,390

Loan at closing $649,350

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 $120,829

Loan at closing $899,100

Rate, interest only from 9.25%

Pre-screen. The total loan of $1,102,600 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

2200 Nichols Canyon Rd 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	$99,900 (10%)	$349,650 (35%)
Loan at closing	$899,100	$649,350
Full renovation, rough estimate*	We fund $203,500	Buyer pays $203,500
Total loan	$1,102,600	$649,350
Rate, interest only	from 9.25%	10.5%
Points	1.5 ($16,539)	1.5 ($9,740)
Appraisal	Required	None
Estimated monthly interest	$8,499 at full draw	$5,682
Cash to close, rough estimate	$120,829	$359,390

Rough estimates at the list price of $999,000 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. 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 Carolin Alaverdian, Coldwell Banker Realty ((818) 823-4622). To see it or make an offer, contact Carolin 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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