A Rehab loan is a short-term loan secured by real estate and used by rehab investors to purchase and renovate a distressed property. Rehab Investors typically use rehab loans to purchase and renovate a property in order to sell it within 1 year. These loans are ideal for Rehab investors since they finance properties in poor condition.
Rehab loans, also referred to as flip or hard money loans, have lower qualifications for approval, helping rehab investors receive approval and funding in as little as 7 days. This is why rehab loans are ideal for both novice and experienced home rehab investors. With a rehab loan lenders care more about the property and its potential value than about the Investors credit. Declare Capital is a national hard money lender that helps experienced and inexperienced Investors finance investment projects. Rates start as low as 7% and we offer up to 90% of the ARV (After Repair Value) for prime borrowers.
Pre-qualification takes minutes so call us today to go over the rehab loan option available for you.