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 | Montgomery, Alabama |
Population | 198,525 |
Map Coordinates | 32.34°N 86.26°W |
Median Home Price | $125,000 |
Housing Units Owner Occupied | 42,374 |
Housing Units Renter Occupied | 35,851 |
Hard Money Loan Volume | $136,863,135.00 |
Rental Property Loan Volume | $168,341,656.05 |
Bridge Loan Volume | $47,902,097.25 |
Fix & Flip Loan Volume | $104,015,982.60 |