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 | Rochester, New York |
Population | 205,695 |
Map Coordinates | 43.16°N 77.61°W |
Median Home Price | $87,000 |
Housing Units Owner Occupied | 31,074 |
Housing Units Renter Occupied | 56,605 |
Hard Money Loan Volume | $141,806,133.00 |
Rental Property Loan Volume | $174,421,543.59 |
Bridge Loan Volume | $49,632,146.55 |
Fix & Flip Loan Volume | $107,772,661.08 |