LOAN PURPOSE | Rehabilitation loan for residential rental property |
INTEREST RATE[4] | As low as 8.99% |
LOAN AMOUNT | $300K - $10MM |
LOAN TERM | 6 to 18 months |
BORROWER | Individual or group |
EXPEREINCE | No experience needed |
MAX LOAN-TO-VALUE (LTV)[4] | 70 to 75% after repair value[8] |
MAX LOAN-TO-COST (LTC)[5] | Standard rehab 95%[16] or extensive rehab 85%[8] |
LTV VS. LTC | We use the best calculation for your project |
CONSTRUCTION FINANCING | Up to 100% of rehab costs |
PROPERTY TYPE |
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City, State | Chula Vista, California |
Population | 274,492 |
Map Coordinates | 32.62°N 117.01°W |
Median Home Price | $546,400 |
Housing Units Owner Occupied | 49,726 |
Housing Units Renter Occupied | 33,190 |
Hard Money Loan Volume | $189,234,784.80 |
Rental Property Loan Volume | $232,758,785.30 |
Bridge Loan Volume | $66,232,174.68 |
Fix & Flip Loan Volume | $143,818,436.45 |