Rehab Loans

Summary of Terms

Property Type:
SFRs, 2-4 units, condos,
townhomes, PUDs

Transaction Type:
Purchase or refinance

Interest Rates:
As low as 7% (typically ranging 9-12%)
(varies based on LTV & experience)

Prepayment Penalty:
None

Rate Type:
Fixed Rate, Interest Only

Loan Amount:
Up to $1,0000,000 ($75,000 minimum)
and above on case by case basis.

Loan-to-Value:
Up to 90% of purchase price
(80% As Is Value)
With Rehab Up to 75% of After Repair Value (ARV)

Plus Rehab Funds:
Up to 100% of rehab budget.
(Other factors dependent upon scope of construction)

Closing Process:
15 business days from completed app,
even quicker for repeat borrowers

Loan Term:
12 months