Rehablend
- Brad Sharp
Senior Loan Officer
Bridge Loan | |
| Property Types | 2-4 Units, Condo, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $125,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 10.25% |
| Points Minimum 1st TD | 1.5 |
| Points Maximum 1st TD | 2 |
| Terms | 1 year, 18 month |
| Typical Days Required to Fund | 11-15 Business days |
| Credit Score Min | 600 |
| Interest Only or Amortized | Interest Only |
| Fees | Appraisal |
| Lien Position | 1st |
| General Pricing or Guideline info | - Time to Close: 2 to 3 Weeks. - Acceptable Markets: Nationwide Urban and Suburban. - Minimum Experience: We Lend to First-timers. - Acceptable Property Types: 1-4 Family, Multifamily, Condos, PUDs. |
| Updated as of | 2023-10-23 |
Long Term Rental Loan | |
| Property Types | 2-4 Units, Condo, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $125,000 |
| Loan amount Maximum | $2,000,000 |
| Interest Rate Minimum | 7.5% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 1.5 |
| Terms | 30 year |
| Typical Days Required to Fund | 20-30 Business days |
| Credit Score Min | 600 |
| Interest Only or Amortized | Interest Only |
| Fees | Legal Review |
| Lien Position | 1st |
| Intended Occupancy | Tenant |
| General Pricing or Guideline info | - Term Length: 30 Yr fixed, 5/1 Arm, 10/1 Arm - Time to Close: 3 to 4 Weeks. - Seasoning Required: 3 Months. - Acceptable Markets: Nationwide Urban, Suburban, and Rural. - Minimum Experience: We Lend to First-timers. - Acceptable Property Types: 1-4 Family, Multifamily, Condos, PUDs. - Closing Fees: $1,000 |
| Updated as of | 2024-05-24 |
Rehab Loan | |
| Property Types | 2-4 Units, Condo, Multi Family, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $125,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 8.25% |
| Interest Rate Maximum | 10.25% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 2 |
| Terms | 1 year, 18 month, 30 year |
| Typical Days Required to Fund | 20-30 Business days |
| Credit Score Min | 600 |
| Interest Only or Amortized | Interest Only |
| Fees | Legal Review |
| Lien Position | 1st |
| General Pricing or Guideline info | - Interest Rate: 8.25%+ Long-Term, 10.25%+ Bridge. - Origination Fee: 1 to 1.5 Pts Long-Term, 1.5 to 2 Pts Bridge. - Time to Close: 2 to 3 Weeks. - Acceptable Markets: Nationwide Urban and Suburban. - Minimum Personal FICO Score: 620 Bridge, 680 Long-Term. - Minimum Experience: We Lend to First-timers. - Acceptable Property Types: 1-4 Family, Multifamily, Condos, PUDs. |
| Updated as of | 2023-10-23 |
Summary of all Guidelines | |
| Loan Types | DSCR Loan, Rehab Loan |
| Property Types | 2-4 Units, Multi Family, SFR |
| States Excluded | Arkansas, California, Nevada, North Dakota, South Dakota, Vermont |
| Loan amount Minimum | $125,000 |
| Loan amount Maximum | $10,000,000 |
| Interest Rate Minimum | 7.25% |
| Interest Rate Maximum | 12% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 1.5 |
| Terms | 1 year, 5 years, 10 years, 30 years |
| Credit Score Min | 660 |
| Interest Only or Amortized | Interest Only, Amoritzed |
| Prepayment Penalty | 3 months, 2 year, 5 years |
| LTC Construction | 90 |
| Upfront Fees | Appraisal |
| ARV Rehab & Construction | 75 |
| Personal Guarantee /Recourse Required | Personal Guarantee Required / Recourse |
| Minimum value per property or unit | 30000 |
| Intended Occupancy | Tenant |
WE WILL KEEP YOU AND YOUR BORROWERS SATISFIED.
Competitive Pricing:
Our bridge rates start at 10.25% and we have a long-term product with rates from 6.75%. Most borrowers with 3 deals of experience and a 620 or higher FICO score will qualify. WE DO NOT CHARGE MONTHLY INTEREST ON UNRELEASED FUNDS. This will save your borrowers thousands of dollars over the course of their loan.
Speak to a Loan Officer Quickly:
We realize that human connection is important in our sector. Upon receipt of your loan submission, you will receive a call from a senior loan officer to go over your deal.
Easy Process:
The documentation we require is light and our process is simple. Fill in the summary form in a few minutes and you will receive a call from a senior loan officer within hours. On the call, we will confirm pricing, email you authorization forms, and request documentation. Upon receipt, we will order appraisal and title. Once the appraisal is completed, a commitment will be issued and closing will be scheduled. Your deal is typically funded in two to three weeks.
Nationwide Lending:
We cover all 44 States nationwide. Urban, Suburban, and most rural locations are acceptable. We do not currently lend in AK, CA, ND, NV, SD, or VT.
Rehablend is located in Las Vegas, NV. They offer financing for DSCR Loans and Rehab Loans. The property type they primarily lend against is Multi Family, SFR and 2-4 Units. Their minimum loan amount is $125,000. Their maximum loan amount is $10,000,000. They offer loans for a minimum Term of 1 year. Maximum duration of 1 year;5 years;10 years;30 years. Although rates can change they are typically lending at a minimum rate of 7.25%. Maximum interest rate of 12%. Points charged are deal specific, but historically have charged a minimum of 1. Maximum points charged are 1.5.
These descriptions are limited information and meant for general reference purposes.