March 14, 2013

Residential Investor Rehab Loans

Residential Investor Rehab Loans Hard Money

 

Do you own an existing investment property? If so, you may be able to cross collateralize to get up to 100% financing for your next project. 100% fix and flip financing for rehab loans are available, construction loans, fix and flip residential real estate acquisitions. Real estate investors with existing properties can get a 100% financed private real estate loan to get that property to work for you.

What types of property qualify?

  • Commercial real estate
  • Residential real estate
  • Apartments
  • Multi family
  • Single family homes
  • Mixed use

 

 80% LTV Financing Rehab Loans

Typical LTV for standard rehab fix and flip loans are 65-75% LTV. Lenders are looking for qualified investors that add “skin in the game” and have performed successful rehab loans before.

 

 

What documents are usually required for rehab loans?

 

  • Purchase Agreement Summary of Rehab Work to be Completed After-Repair-Value Appraisal (our due diligence)
  • Title policy, pictures of rehab property, Home inspection, 3 months of bank statements
  • 2 years minimum of IRS tax returns
  • 3 Most Recent Check Pay-stubs
  • Signed 4506-once an investor has been approved, funding of subsequent transactions is quick. It may not necessary to re-apply for repeat transactions.