You can enjoy a quick closing and high loan-to-values with our rehabilitation loans. Rehab loans are tailored for the real estate investor who wants to make repairs before selling the property.
Using the property as collateral, funds are available for short-term residential renovation projects that most traditional banks and credit unions won’t approve. Authorized monies will be held in escrow and released in draws as your contractor’s complete renovations.
Your clients can secure 100% of the cost to acquire the property and for the rehab costs. There is no prepayment penalty, your clients can secure 6 month loan terms, loan amounts start at $25,000, and most residential 1-4 family units that are non-owner-occupied will qualify.
|Credit Quality||Average Credit Accepted|
|Approval terms||6 month loans, rates of approximately 8%|