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 | Colorado Springs, Colorado |
Population | 478,221 |
Map Coordinates | 38.86°N 104.76°W |
Median Home Price | $318,200 |
Housing Units Owner Occupied | 113,114 |
Housing Units Renter Occupied | 75,723 |
Hard Money Loan Volume | $329,685,557.40 |
Rental Property Loan Volume | $405,513,235.60 |
Bridge Loan Volume | $115,389,945.09 |
Fix & Flip Loan Volume | $250,561,023.62 |