Loan Terms for Private Hard Money Loans/Rehab Loans

As your rehab lender and hard money lender, real estate investors can concentrate on purchasing a property and avoid spending time worrying about how to fund them. This will allow you to purchase a property below market price and perform the necessary repairs to enhance the value and saleability of the property.  Let Rehab Financial Group be your funding source.

Our terms below will be based upon the characteristics of the borrower and the term of the loan.

Our basic terms on private hard money loans/rehab loans include:

Repair Funds:  Up to 100% of repair cost.

Points:  3 – 5 points (Paid at closing).

Interest Only:  13.9 – 15.9% (Payable monthly).

LTV:  Up to 65% (Based on After Repair Value) – On most loans we will fund 100% of the purchase and rehab costs up to 65% of the After Repair Value (ARV).  As an example, if a property costs $100,000 to purchase and $50,000 to rehab, the property would need to appraise for at least $231,000 in order to justify a loan amount of $150,000.

Term:  6 – 12 months.  You must sell or refinance the property to pay off the loan.

Credit Score:  660 minimum – If your FICO score is below 660, you will need a co-borrower or guarantor.

Loan Size:  $50,001 to $750,000 – Minimum loan size is $50,001.

States:  Connecticut, Delaware, New York, Pennsylvania and Virginia – We do not make loans anywhere else other than these 5 states.  Again, that’s CT, DE, NY, PA, and VA.

Call toll free (877) 643-9066 to speak with a lending specialist and discuss how we can help you reach your goals.  By leveraging private hard money loans/rehab loans from Rehab Financial Group, real estate investors are able to move quickly when the find a good deal.  We are always looking at ways to develop long-term, strong relationships with our clients and partners.  Let us know how our rehab loans/hard money loans can help!

*Terms of our standard underwriting criteria and due diligence are subject to change. Contingency reserves may apply. Additional fees may apply. Call for details.