Rehab Loan
COMMERCIAL PURCHASE & REHAB FOR MIXED USE OR APARTMENT BUILDINGS - LG454
COMMERCIAL PURCHASE & REHAB FOR MIXED USE OR APARTMENT BUILDINGS - LG454
![Capital Three Sixty](https://lendding.com/wp-content/uploads/2024/07/2087398000060818128_accounts_photo-150x46.png)
Summary of all Guidelines | |
Loan Types | Rehab Loan |
Property Types | 2-4 Units, Condo, Multi Family, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $250,000 |
Loan amount Maximum | $5,000,000 |
Interest Rate Minimum | 10.75% |
Interest Rate Maximum | 12.75% |
Points Minimum 1st TD | 1.5 |
Points Maximum 1st TD | 2.5 |
Terms | 1 year, 18 month |
Typical Days Required to Fund | 20-30 Business days |
Credit Score Min | 650 |
Fees | Underwriting |
Entities | LLC - Limited Liability Corporation |
Cross Collateralize Blanket | No |
Lien Position | 1st |
Max Points Charge by Broker | 5 |
Prepayment Penalty | No Prepayment Penalty |
Fixed or Adjustable | Fixed |
Recourse | Recourse and Non Recourse available |
Reserve Requirement | 6 months |
General Pricing or Guideline info | Minimum As-Is Appraised Value: $50k |
Updated as of | 2024-02-18 |
Program Code | LG454 |
Minimum As-Is Appraised Value: $50k
These descriptions are limited information and meant for general reference purposes.![](https://lendding.com/wp-content/uploads/2023/05/lendding-loan-info.png)