Renovate to Rent
Turn rehab and construction projects into immedite profits, long term term rental income with capital appreciation…
- Rent to own combines a rehab/construction loan refinanced with permanent loan at better terms when your rehab/construction is complete and the property is 80 to 90% leased.
- Rehab creates immediate value, and will lease & appraise for more money.
- After rehab/construction is complete and the property is leased, we will refinance it with a lower 30 year fixed rate, fully amortizing loan up to 75% of appraised value permanent loan.
- If your numbers are good, there will be more enough upside so tax deductible interest, points and other loan expenses won’t matter much after you’ve created profit by increasing the property’s value and charging higher rents. More desirable properties have better appreciation potential than average or undesirable ones.
- With renovate to rent, after refinancing with the permanent loan, you will have little or no cash out of pocket to own the property, reap long term capital appreciation and have tenants pay off your mortgage and property taxes.
- Find an exceptional project and you may even walk away with cash in your pocket when the property is refinanced at up to 75% of appraised value.
- 620+ credit
- 1-4 unit residential, 5+ unit multifamily, mixed-use and commercial properties
- Loan amounts: $500,000 to $100 Million per property
- PRE APPROVALS in 24 business hours
- Closings: 4 weeks after receipt of completed loan docs for rehab loans; 3 to 4 weeks for rehab and rental loans.
- No upfront Eagle fees. We are paid when your loan is funded at closing.