Rehab & Construction Loans
For purchasing property in any condition or for ground up construction.
These loans are for property developers interested in high leverage financing for acquisition and for property improvements. Total leverage and rates will vary but are generally based on the experience level of the borrower(s).
- No minimum standards for property condition at time of purchase or refi.
- Purchase property in rough shape and finance 100% of improvements.
- Risk assessment is based on value after improvements.
- Up to 18 month loan term, Interest only, No pre-pay penalty.
- Close in LLC or business entity, Investment property Only.
- Purchase or Refi.
- Eligible Properties: Condo, SFR, 2-4 units, Multi-family, Mixed-Use.
