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 | Los Angeles, California |
Population | 3,979,576 |
Map Coordinates | 34.01°N 118.41°W |
Median Home Price | $697,200 |
Housing Units Owner Occupied | 511,115 |
Housing Units Renter Occupied | 887,785 |
Hard Money Loan Volume | $2,743,519,694.40 |
Rental Property Loan Volume | $3,374,529,224.11 |
Bridge Loan Volume | $960,231,893.04 |
Fix & Flip Loan Volume | $2,085,074,967.74 |