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 | Wichita, Kansas |
Population | 389,938 |
Map Coordinates | 37.69°N 97.34°W |
Median Home Price | $146,700 |
Housing Units Owner Occupied | 90,887 |
Housing Units Renter Occupied | 62,567 |
Hard Money Loan Volume | $268,823,257.20 |
Rental Property Loan Volume | $330,652,606.36 |
Bridge Loan Volume | $94,088,140.02 |
Fix & Flip Loan Volume | $204,305,675.47 |