Realtors help your investors purchase more properties.
Your clients can enjoy a quick closing with rehabilitation loans. Rehab loans are tailored for the real estate investor who wants to purchase and rehab investment property.
Using the property as collateral, funds are available for short-term residential renovation projects that most traditional banks and credit unions won’t approve. Authorized monies will be held in escrow and released in draws, as your contractors complete renovations.
Experienced real estate “flippers”can be approved for up to 100% of the project costs with House Rehab Financing.
The property can be used as collateral and the investor can be approved for a loan up to 65% of the home’s value. The loan typically offers a loan term of about 6 months, and a low interest rate commonly under 9%.
And, there is no pre-payment penalty if the loan is paid off early. This makes it easy to quickly sell the rehabilitated property once repairs are complete.
Only non-owner occupied properties can qualify for our house rehab financing. Financing can be obtained for residential 1-4 unit properties, and even small apartments and condo conversions by exception.
All house rehab financing loans range from $25,000 and higher. 100% of renovation funds are typically advanced in 1 to 4 draws. Once the inspector certifies work is done, funds are wired within 24 hours directly to investor's account.
House Rehab Financing is one of many financing programs available for you and your clients through the Business Finance Suite.
Trevana Properties is a placement company working with a variety of hedge funds, REIT's, commercial banks, specialty boutique lenders, private investors and other funding sources not widely known to the general public.