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 | Oxnard, California |
Population | 208,881 |
Map Coordinates | 34.20°N 119.20°W |
Median Home Price | $497,300 |
Housing Units Owner Occupied | 28,265 |
Housing Units Renter Occupied | 22,474 |
Hard Money Loan Volume | $144,002,561.40 |
Rental Property Loan Volume | $177,123,150.52 |
Bridge Loan Volume | $50,400,896.49 |
Fix & Flip Loan Volume | $109,441,946.66 |