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 | Knoxville, Tennessee |
Population | 187,603 |
Map Coordinates | 35.97°N 83.94°W |
Median Home Price | $155,400 |
Housing Units Owner Occupied | 37,904 |
Housing Units Renter Occupied | 45,588 |
Hard Money Loan Volume | $129,333,508.20 |
Rental Property Loan Volume | $159,080,215.09 |
Bridge Loan Volume | $45,266,727.87 |
Fix & Flip Loan Volume | $98,293,466.23 |