Loan Terms for Private Hard Money Loans/Rehab Loans
As your rehab lender and hard money lender, real estate investors and house flippers 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:
Up to 100% of repair cost
As low as 2.0 points (paid at closing)
As low as 10.99% interest (payable monthly)
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).
Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kansas, Louisiana, Maine, Maryland, Massachusetts, Missouri, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Virginia & West Virginia.
6-12 months - You must sell or refinance the property to pay off the loan
620 minimum - FICO scores below 620 will need a co-borrower or guarantor
$50,001 to $2,000,000 (2M)
Additional closing costs are due at time of closing.
We're Here to Help
Call us toll free at (610) 645-9939 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 and house flippers are able to move quickly when they find a good deal.
We are always looking for ways to develop long term, strong relationships with our clients and partners. Let us know how our rehab loans/hard money loans can help you!
**Terms apply when RFG is not compensating a broker.
**Broker points limited to 2 for all loans over $200,000
**If you were in the Customer Loyalty Program, you are still eligible for those rates.