REHAB PLUS+

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👉 KEY PROGRAM HIGHLIGHTS:

Ideal for Real Estate Investors looking for an easier way to finance rental properties, without the hard money interest rates and terms.

• Investment Homes Only - Owner cannot occupy any part of the property

• 🚀 Fast Turn-around time: Average closing timeframe is 3-6 weeks.

• 🔥 MINIMUM FICO to Qualify: 650

• 1️⃣  LEVEL 1 INVESTOR *:

  • Maximum ARV: 75% LTARV

  • Max LTC: 90%
  • Initial Disbursement:  85%
  • Max SOI: $500,000
• 2️⃣  LEVEL 2 INVESTOR *:
  • Maximum ARV: 75% LTARV
  • Max LTC: 85%
  • Initial Disbursement:  80%
  • Max SOI: $250,000
• 3️⃣ LEVEL 3 INVESTOR *:
  • Maximum ARV: 70% LTARV
  • Max LTC: 80%
  • Initial Disbursement: 75%
  • Max SOI: $100,000
• LOAN TERM: 1-year interest only. 6 month extension available with a 1% fee.
• MINIMUM LOAN AMOUNT: $100,000
• MAXIMUM LOAN AMOUNT: $2 Million (up to 75% LTC and 80% As-is Value)
• Refinance: Mid-rehab refinance loan requests require current plans and permits.
• Additions: Max 500 additional SF permitted.
• Improvements: Schedule of improvements required. (Inspection fees per draw apply.) If applicable, GC resume and license required.
• No Tax Returns or Personal Income needed to qualify
• ✅ No Prepayment Penalties

• ELIGIBLE PROPERTIES:  Residential 1 Unit | 2-4 Unit

• 🚫 Rural properties ineligible

• Appraisal - for residential properties, a standard residential appraisal report with Market Rental Analysis.

• Foreign National Investors Eligible with proof of US Bank Account.

🔑 *  INVESTOR EXPERIENCE LEVELS:

• Level 1: 5 rehabs in the last 2 years with exits.
• Level 2: 2 rehabs in the last 2 years with exits.
• Level 3: 1 rehab in the last 2 years with exit or 1 rental property owned.

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