Robb Posted October 2, 2023 Share Posted October 2, 2023 Let me explain. As a direct lender (since 2009) we finance 100% of the purchase & rehab amounts OR 65-70% of the ARV, whichever is less. As a newbie (or less than 3 completed rehabs in the last 3 yrs) the loan would be capped at 65% of the ARV. As an experienced investor (3+ completed rehabs in the last 3yrs) the loan would be capped at 70% of the ARV. If you can squeeze the purchase & rehab totals into 65-70% of the ARV, then its 100% financing of those costs! However, even with 100% financing, you still have to come to the table with: lender fees, some prepaid interest and closing costs. We offer this loan on 1 to 8 unit properties (even mixed use) in 37 states. It is maximum use of our capital, and minimal use of yours. If this makes sense to you, please contact me at: Rob@rehabfinancial.com or Direct: 215.913.1580, Rob. Quote Link to comment Share on other sites More sharing options...
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