Best For: Investors interested in land intended for ground up building of 1-8 unit non-owner occupied properties looking for non-bank financing solutions.
Expand your real estate investment solutions for 1-8 unit residential investment properties. Rehab Financial Group is the rental and investment property lender featuring fast closings and common-sense underwriting. Our 100% Premier Ground Up Construction Loan product is a quick, smart and effective alternative for financing construction costs prior to transitioning into a long-term loan.
1. The approval for this loan is based on ground up construction experience, cash for closing + 6 months reserves, credit and income.
a. At least 1 verifiably completed ground up within the most recent 12 months.
2. Land must be purchased in advance, have a foundation poured with permits approved for building.
b. RFG may refund the cost of the foundation as part of the total loan subject to appropriate ARV limit. Experienced 1-4 family builders may qualify for refund of land purchase price. (Up to 70%)