Rehab Loan
Rehab
Program #LG778
Rehab
Program #LG778
Summary of all Guidelines | |
| Loan Types | Rehab Loan |
| Property Types | 2-4 Units, Condo, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $2,500,000 |
| Terms | 1 year, 2 year |
| Lien Position | 1st |
• California statewide; strong Southern California focus
• Purchase transactions
• Rate/term refinances
• Cash-out refinances
• Fix & flip
• Bridge-to-sale
• Bridge-to-DSCR
• Trust settlements
• Vacant or tenant-occupied properties considered
• Occupancy is not a deciding factor
• Light rehab and deferred-maintenance projects considered
• Clear project plan and sufficient borrower liquidity required
• Non-stabilized / not currently bank-financeable properties considered
• Maturing loans and quick-close situations considered
• Straight purchase or purchase + rehab
• Deal economics must make sense
• Borrower must have liquidity to execute
• Feasible exit strategy required
- Carl Maggio
Managing Director, Originations
