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 | Hialeah, Florida |
Population | 233,339 |
Map Coordinates | 25.86°N 80.30°W |
Median Home Price | $290,900 |
Housing Units Owner Occupied | 33,877 |
Housing Units Renter Occupied | 42,112 |
Hard Money Loan Volume | $160,863,906.60 |
Rental Property Loan Volume | $197,862,605.12 |
Bridge Loan Volume | $56,302,367.31 |
Fix & Flip Loan Volume | $122,256,569.02 |