A real estate rehab loan is used to purchase and rehab houses. It is most commonly used by real estate investors who fix and flip or fix and hold residential real estate. Think construction loan. A rehab lender advances money from the loan to purchase the property and then holds money in “escrow” to be used for repairs. That money is released as the construction progresses. They often want to come out and view the project just to be sure it is getting done as you state.
This is a great loan to help get projects done so real estate investors can get paid. Many lenders are not interested in or don’t understand how to lend the money to repair houses. That is why a good rehab lender is essential to real estate investors.
Pine Financial works with experienced and newer investors. Both newer and experienced investors need access to capital. As a new investor, it could be that you don’t have the down payment requirements to meet traditional financing guidelines and experienced investors often need alternative sources of capital. If you run short with your other sources, we are happy to step in and get your deals closed. It is very common that experienced investors call on us to fund their deals because they know they won’t worry about closing on time. Because we close on time, every time, experienced investors are free to worry about something else, like finding their next project.
Advantages With Pine Financial Group
There are several advantages to working with Pine Financial Group. When you work with us you are working with an experienced professional. We’re a team with thousands of transactions under our belt and personal experience doing what you do; fixing up houses. Here are some of the highlights of the 100% Rehab Loan:
- No application fees (no risk so apply now and get your Loan Commitment Letter Today)
- Up to 100% financing of your purchases
- Up to 100% financing on repairs
- Up to 100% financing on the lender fees and closing costs
- Up to 70% of the ARV (After Repaired Value)
- All repair money is held in escrow and released as the work is completed
- Fast closings
- 9-month balloons
- Interest-only payments made monthly
Currently lending in Colorado, Minnesota, and Wisconsin
Complete Assistance Through The Entire Process
Pine Financial Group works exclusively with real estate investors. We know this business because we live in this business. Being investors ourselves we understand the needs of real estate investors and are there for you throughout the process. Our support does not end at the closing table. We remain by your side and can assist with advice on your project so you can maximize your profits. We believe if you succeed we do because we know if we help you make money you will want to borrow from us over and over.
Have a deal? Give us a call and let’s take a look together.