Rehab Loan
Fund the renovations needed to personalize your property
Discover the potential of a property that just needs a little love. With our Rehab Loan, not only can you purchase that almost-perfect property, but you can also finance the necessary renovations to make it truly your own. Whether it’s a quaint fixer-upper or a property with untapped potential, our Rehab Loan is designed to make your vision a reality.
Description
Purchase a property and roll the costs of the renovation into your loan.
Basic Loan Criteria
- Max Loan Amount: With a generous ceiling of $5,000,000, our loan accommodates a wide range of renovation projects.
- Loan To Cost: At 80%, we ensure that a significant portion of your costs are covered.
- Rates: Starting at a competitive 10.75%, we aim to offer you the best in the market.
- Term: Flexible durations ranging from 12 to 24 months to suit your renovation timeline.
- Prepayment Penalty: None, because we believe in giving you the freedom to manage your finances.
- Monthly Payments: Simplified with interest-only payments.
- Balloon Payment: Only at loan maturity, giving you ample time to plan.
Property Types
- Single-Family Residences
- (2 to 4 units)
- Town Homes
- Ideal for urban living renovations
- Multifamily
- For investors looking to upgrade and enhance rental properties
Advantages
- Competitive Rates: We pride ourselves on offering some of the best rates in the industry.
- Swift Approval: On average, it takes just 24-48 hours for loan approval.
- Quick Closing: With a timeline of 15-21 days to close, we ensure you can start your project promptly.
- Welcoming All Investors: Whether you’re a seasoned pro or just starting out, we’re here for you.
- Global Reach: Serving both domestic and international clients, because dream homes know no borders.
Required Documents
To ensure a smooth process, please have the following documents ready:
- Identification, US Legal Status (Visa)
- Resume
- 2 Months Bank Statements
- Evidence of Initial Deposit
- Permits
- Approved Plans
- Detailed Budget/Scope of Work
- Contract between GC & Owner
- Entity Docs (Articles, Operating Agreement, By-Laws, EIN).
Contractor Verification for Construction Loans
For the safety and assurance of our clients, we require Driver’s License, License from DBPR, Commercial General Liability Insurance, Workers Comp Insurance, and the Most Recent W9 from contractors.
Explore Our Case Study
Unlock the potential of our Rehab Loan with our detailed Case Study. This document showcases real-world examples of how our clients have successfully utilized our loan to turn properties with potential into stunning homes and profitable investments.
Witness real-world transformations, gain insights, and see how others have maximized their investments. Equip yourself with knowledge!
Are You a Realtor with construct or rehab projects in Florida?
Let’s discuss the loans options we have for your clients.
Reviews
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Thank you for all your help and support. Everything was very smooth and successful.
By Gulcin Morello.