Charger Funding helps property investors build their success. Our Rehab Loan product is designed for your clients who are buying properties to fix and flip or fix and hold. We offer a simple process,fast close and reliable access to funds at fair rates. Our loans feature competitive terms and transparent process with dedicated help every step of the way.
Summary of Terms
Property Type:
SFRs, 2-4 units, condos,
townhomes, PUDs
Loan Amount:
Up to $1,0000,000 ($75,000 minimum)
and above on case by case basis.
Transaction Type:
Purchase or refinance
Loan-to-Value:
Up to 90% of purchase price
(80% As Is Value)
With Rehab Up to 75% of After Repair Value (ARV)
Interest Rates:
As low as 7% (typically ranging 9-12%)
(varies based on LTV & experience)
Plus Rehab Funds:
Up to 100% of rehab budget.
(Other factors dependent upon scope of construction)
Prepayment Penalty:
None
Closing Process:
15 business days from completed app,
even quicker for repeat borrowers
Rate Type:
Fixed Rate, Interest Only
Loan Term:
12 months
Up to 90% of Purchase Price! PLUS The Rehab Money!
Up to 100% of Rehab Funds!
Rough Credit OK
Yes, this is a GREAT SOLUTION to buy and rehab with HARDLY ANY CASH in the deal!
