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 |
|
City, State | Worcester, Massachusetts |
Population | 185,428 |
Map Coordinates | 42.26°N 71.80°W |
Median Home Price | $249,600 |
Housing Units Owner Occupied | 28,151 |
Housing Units Renter Occupied | 40,974 |
Hard Money Loan Volume | $127,834,063.20 |
Rental Property Loan Volume | $157,235,897.74 |
Bridge Loan Volume | $44,741,922.12 |
Fix & Flip Loan Volume | $97,153,888.03 |