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In addition to our
nationwide rehab loans that offer
acquisition and rehab funding, we are able to do rapid rehab funding in
the state of California. We focus on the collateral value of the
property, and can lend up to 70% maximum of the after rehab value.
For this rapid rehab funding, you either need to own the property
currently, or have 20% of the purchase price to put down.
We can work with cross
collateralization to get to this level if you own additional properties.
Under this scenario, we are typically able to fund the rehab to be done
(which will be fund controlled), the acquisition, loan fees and six
months interest on the loan.
If you require 100% funding on the
acquisition cost with no down payment or cross collateralization, our rapid rehab funding is not the program for you.
Look into our nationwide rehab loans.
They will finance you up to 100% acquisition, plus up to 70% of the
after rehab value, although the turn time will be a bit longer and the
credit requirements more stringent.
If you fall outside of
these guidelines, and the property is located in California, you may
want to visit our Private Money Loans page. We can
potentially help secure the rehab loan you are looking for even if you
do not fit into the above mentioned guidelines for rehab loans.
Contact me directly for
more information, or complete our contact
form to get the approval process started immediately. Your
information will be kept confidential and will not be distributed or
sold.
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