Rehab Financing: Unlocking Opportunities for Property Renovation
Rehab Financing provides real estate investors with the necessary funds to renovate properties, enabling them to maximize their returns. With flexible terms and competitive rates, this financing option is designed to support investors in their property improvement projects.
Details
- Loan Amounts: $50k - $10M
- Loan Terms: 6 - 24 months (typically 12 months)
- Interest Rate: 8 - 12%
Eligibility Criteria
- Max Leverage: Leverage: Up to 90% LTC & 80% LTARV (Fix & Flip), up to 80% LTV (Bridge), up to 90% LTC & 75% LTARV (Ground Up Construction)
- Min FICO: 620
Competitive Rates, Flexible Terms, Quick Funding
Rehab Financing offers competitive interest rates, flexible repayment terms, and quick funding. Whether you're looking to renovate a property or flip houses, our financing solutions can help you achieve your goals.
Competitive Interest Rates
Flexible Repayment Terms
Quick Funding Process
FAQs
Find answers to common questions about Rehab Financing to better understand the product.
Rehab Financing is a type of loan specifically designed to provide funding for the renovation or rehabilitation of properties. It can be used by real estate investors or homeowners looking to improve their properties for personal or investment purposes.
Rehab Financing is available to both individual real estate investors and businesses involved in property renovation or rehabilitation projects. Lenders typically consider factors such as credit history, income, and the scope of the project when evaluating loan applications.
The amount you can borrow for Rehab Financing depends on various factors, including the value of the property, the estimated cost of the renovation or rehabilitation project, and your financial qualifications. Lenders typically offer loan amounts that cover a significant portion of the project costs.
Repayment terms for Rehab Financing vary depending on the lender and the specific loan agreement. Some lenders offer flexible repayment options, including interest-only payments during the renovation period, while others may require regular monthly payments. It's important to review and understand the terms before accepting a loan offer.
Collateral requirements for Rehab Financing can vary depending on the lender and the loan amount. In many cases, the property being renovated or rehabilitated serves as collateral for the loan. It's important to discuss collateral requirements with the lender to understand the specific terms and conditions.