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Looking for an acquisition and rehab
loan? We have access to very aggressive investors and are able to
fund transactions of this nature. Often times, we are able to fund
the acquisition cost of a property or more, depending on location and
after repair loan to value.
We are unable to fund these loans with
no cash in, but are able to structure our rehab loans to maximize your
leverage with the cash you do have. In general, if you are able to
bring the cost of rehab, 6 months of interest payments and points and
fees to the closing table, we can fund the purchase price or close to it.
If the loan to value and location fit,
we can sometimes fund more than the purchase price. These are short term
loans, 12 months, and carry no prepayment penalty. Rehab money is
fund controlled, and the disbursements are very swift and uncomplicated.
In addition, these loans are typically structured so there are no payments due for
the first 6 months (an interest reserve is built into the loan).
Values are typically determined by
comps in the area, a site visit and/or an appraisal. We can work
with after repair values on these transactions!
Call us today, toll free, 877 462 3422
for more details.
We are available to talk with you in detail about your loan, and always
offer personal service.
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