Light Cosmetic Rehab
Multifamily, mixed-use, and commercial (1 to 250+ Units)
Urban and suburban properties
No Upfront Fees
No Tax Returns
No Income Verification
Responsive, friendly service
Nationwide (except: Al, AR, HI, MN, NV, ND & SD, OR, UT and VT)
Loan amount: $500,000 to $10 million+ per property
Terms vary with experience on title, # similar properties bought, rehabbed, sold or refinanced last 3 years
Finance up to 90% of purchase / loan payoff + 100% rehab (to 90% Blended LTC) to 70% ARV
Term: 12 to 24-months
Competitive fixed interest rates on drawn balance
No prepayment penalties
Origination varies with underwriting
Liquidity: cash to close, reserves to complete project + 3 months loan interest reserves
No subordinated debt
No mid-rehab projects
No refinancing rehab loans
Ineligible borrowers: (1) financial crimes; (2) bankruptcy/foreclosure last 4 years; (3) no derogatory payments
Federal Tax liens cleared before closing
Loan exit strategy: sell or refinance to permanent loan
No raw land, manufactured, mobile homes, condotels, timeshares, farms, or extensive water or fire damage.
Close in 2 to 4 weeks
Let’s Finance Your Next Deal Together!
To submit your online loan request, click the blue GET STARTED Link for PRE-APPROVAL within 48 business hours for qualified borrowers.
No upfront fees, tax returns, income verification, credit cards, Social Security Numbers or credit checks required for PRE-APPROVAL.