• Receive 1st draw immediately following closing
• 1–4 residential units, non-owner occupied
• Loan up to 80% of completed value
• No prepayment penalty
• 640 credit score
• 9 month term
• No appraisal
Why our rehab loan?
Our rehab loan is a unique type of financing catered to successful
investors. 100% of the purchase, 100% of improvement costs and
100% of closing costs are rolled into the loan. We loan up to 80%
of the completed value typically based on four sales comparables.
Improvement funds are available upfront and dispersed directly to
the borrower.
Application Process
Applying for a rehab loan is similar to the application process for a
traditional mortgage; credit score, ability to repay and cash reserves
are considered.
For each rehab loan, we will evaluate the property to be rehabbed.
We ask you to provide a list of work to be completed, sales comparables,
budget and whether the property will be sold or held as a rental.
If you plan to hold your property as a rental, we can assist you in
obtaining permanent financing.
Your application can be processed in 1-3 business days.
We typically close your loan in two weeks or less.
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