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We facilitate rehab
loans nationwide. We can help get you approved for up to 100% of
the acquisition cost, plus up to 70% of the after repair value for the
work to be done. Once you are approved for your rehab loan, you
will not need to go through the credit approval process again for 2
years. You will be set up with a revolving line, and will only
need to qualify the property to secure your next rehab loan.
Additionally, once you are approved you will be provided with a proof of
funds letter, allowing you more leverage in your acquisitions.
This rehab loan program requires a minimum
credit score of 700, and typically we need to be able to document
$20,000 in assets for every $100,000 you want to borrow. We are very
creative, and can help structure your debt and equity in order to
qualify you for this rehab loan program.
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.
Once you are approved, funding
can take place in 2 weeks or less. Contact me directly for
more information, or complete the form below to get the approval
process started immediately. Please be sure to complete all
fields.
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