Rehab Loan Programs Call (702)900-9476 To Get Started
We lend to individuals or companies that want to take advantage of today's unprecedented buying opportunities.We specialize in lending to experienced borrowers who make a business of finding properties to purchase at a discount, improving these properties where needed, and either selling them at a profit or holding them as a cash flow rental investment. In addition to purchase money loans we can refinance your investment properties either to pull cash out to buy additional properties, rehab your properties, or other purposes.
We understand that it simply makes sense for you to find the least expensive money available. And, even though we don’t offer traditional agency loans, we want to help guide you through your options as your situation and borrowing needs change. We want to be more than just your lender. We want to be a valuable member of your team. We understand the challenges, processes, and opportunities that exist within all phases of buying distressed real estate including short sales, trustee sales, REOs, and open market purchases. We are experienced at buying, rehabbing, flipping, and holding residential real estate. We understand that the process of finding deals that “make sense” is a critical piece to your profit model. We want to share our network, knowledge, and experience with you in any way we can to help you succeed and grow. Send us your loan scenario to get a quote, apply for a loan, and/or obtain a letter of interest that will spell out the terms of your loan. Basic terms on private hard money loans/rehab loans include:
LTV: Up to 65% (Based on After Repair Value) – On most loans we will fund 100% of the purchase and rehab costs up to 65% of the After Repair Value (ARV). As an example, if a property costs $100,000 to purchase and $50,000 to rehab, the property would need to appraise for at least $231,000 in order to justify a loan amount of $150,000.
Term: 6 – 12 months. You must sell or refinance the property to pay off the loan. Credit Score: 660 minimum – If your FICO score is below 660, you will need a co-borrower or guarantor. Loan Size: $50,001 to $750,000 – Minimum loan size is $50,001. We can arrange commercial financing for you in the following state. AL, AZ, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, KY, LA, MA, MD, ME, MN, MO, MS, NC, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WI. ** Rates and qualification vary** |
Up to 100% Rehab ProgramsProgram: 100% Regular Trust Deed Funding
Terms: 0-6 Months Rates: 12.9% -14.99% interest rate Origination Fee: 2.5 - 5% Points; plus $995 lenders fee (wrapped in loan). Application and third party fees only upfront fee. Maximum LTV: Up to 100% Repair Funds: Up to 100% of repair cost. Minimum Loan Amount: $50,000 Maximum loan Amount: $750,000 Minimum Credit Score: Determined by credit character not score Loan Purpose: Purchase and rehab Occupancy: Non-Owner Occupied Only Eligible Properties: SFR, MF up to 20 units Documentation: Limited Documentation; we look at experience, property cash flow, reserves, ability to make payments, and exit strategy. All states except: WY, MI, KS, AR, WV, IA, ND, SD Sub. Requirements: 1003 Application or Loan submission Rehab Schedule Rent Roll (if applicable) Color Photos **Rates vary based on experience** Up to 100% Buy and Hold Investment Property Loan
Program: Buy and Hold Investment Property Loan
Terms: 30 years amortized due in 2 to 5 Rates: 11.99 - 15.9% PI amortized Origination Fee: 2.5 - 5% Points; plus $995 lenders fee (wrapped in loan). Application and third party fees only upfront fee. Maximum LTV: Up to 100% Repair Funds: Up to 100% of repair cost. Minimum Loan Amount: $50,000 Maximum loan Amount: $750,000 Minimum Credit Score: Determined by credit character not score Loan Purpose: Purchase and rehab Occupancy: Non-Owner Occupied Only Eligible Properties: SFR, MF up to 20 units Eligible Borrowers: Individuals, Foreign Nationals, LLCs, Corporations Documentation: Limited Documentation; we look at experience, property cash flow, reserves, ability to make payments, and exit strategy. All states except: WY, MI, KS, AR, WV, IA, ND, SD Sub. Requirements: 1003 Application or Loan submission Rehab Schedule Rent Roll (if applicable) Color Photos **Rates vary based on experience** |