1120 Faunce StPhiladelphia, Pennsylvania

Philadelphia, PA 19111 · MLS PAPH2629176

List price

$255,000

3 bd / 1 ba
Bedrooms / baths: 935 sq ft
Living area: 1965
Year built: 2,508 sq ft
Lot

""As is" cash only sale with no contingencies or inspections."

Listed by Dana Rowell RealHome Services and Solutions, Inc. (770) 933-6678

1120 Faunce St is a 3-bedroom, 1-bath home in Philadelphia, Pennsylvania listed at $255,000 with 935 square feet, built in 1965. 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 ($25,500), we fund the $42,075 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 Pennsylvania or our Pennsylvania 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 two bedroom, one and a half bath semi attached brick home with garage parking 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.

01 - Price This Property

Hard money financing on 1120 Faunce St: 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 $255,000

State PA

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$25,500 at closing

You qualifyAt a 740 score with 1 completed project, you qualify for 10% down on this property with the renovation funded.

Fix and flip, experienced

10% down

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

Cash to close, rough estimate $33,964

Loan at closing $229,500

Rate, interest only from 9.75%

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.

02 - The Numbers at Closing

1120 Faunce St priced at the list price.

Item		Fix and flip: 10% down
At closing
Qualifies as entered	Yes
Buyer down payment	$25,500 (10%)
Loan at closing	$229,500
Cosmetic renovation, rough estimate*	We fund $42,075
Total loan	$271,575
Rate, interest only	from 9.75%
Points	1.5 ($4,074)
Appraisal	Required
Estimated monthly interest	$2,207 at full draw
Cash to close, rough estimate	$33,964

Rough estimates at the list price of $255,000 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. 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 Dana Rowell, RealHome Services and Solutions, Inc. ((770) 933-6678). To see it or make an offer, contact Dana 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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