Rehab loans are available from California hard money lenders. Depending on the type of rehab there are a variety of loans available.
Our rehab loans are short term loans with no prepayment requirements and no minimum interest.
These rehab loans are low documentation loans that feature fast approval and funding. Other features include:
- loan terms – up to 12 months
- max loan to project (LTP): 90%
- Minimum loan amount: $75,000
- Maximum loan amount: $1,000,000
- Rates as low as 7.99%
- No upfront lender fees
The rehab loans are specifically for borrowers looking to purchase a property that needs improvement. These loans finance the purchase and improvement costs.
We understand that oftentimes to make the deal work financing is needed quickly so these loans can close in a matter of days*.
Why A Rehab Loan?
Why would you consider a rehab loan over another construction loans? Rehab loans are specifically for borrowers looking for financing to purchase, fix and flip a property. You should consider this type of financing if:
- the property is not in a livable condition
- needs improvement to make it livable
- looking to fix and flip the property for a profit
- looking to fix and hold (rent out the property)
- need short term financing
- need to close quickly
If the any of the above apply to you then a rehab loan may work for you.
Using a hard money rehab loans to leverage your investment in residential and commercial properties is a good strategy to build wealth. We have clients that do this on a regular basis and have built sizable wealth by owning multiple income producing property.
By using a portion of your current wealth for low down-payments and using hard money financing for the rest of the money needed, it can be a smart business move!
For more information on rehab loans or other hard money loans or to apply for a loan please contact us.