Take advantage of the ongoing purchase and renovation business by investing in properties found in marginal condtion and utilizing Case Financial’s fast and economical financing to acquire, renovate and profit. Take out loans are readily available and we will prequalify you for your end loan before you start construction. Some great features of these loans are:
- No payments for 6 months
- Up to 95% of project costs covered
- Up to 70% After-Repair Value
- Quick closings
- No prepayment penalty
- Fast rehab funds
- Proof of funds letters
Whether you are a novice or an experienced rehabber, we will find a loan profram to fit your investment goals!! Review through the basic guidelines below or click on the links to learn more and call today to speak with one of our expert renovations specialists who will qualify your project!
Real Estate Investor Rehab Program Guidelines
LIEN POSITION: First mortgage only.
LINE TERM: Up to 18 Months renewable thereafter with limited credit review.
LOAN TERM: 6 months, extendable for up to 13 months.
ADVANCE RATE: Options up to 95% of project costs. Minimum loan amount of $25,000.
LTV: Up to 70% of After-Repaired Value.
RENOVATION FUNDS: 100% of renovation funds are typically advanced in 1 to 4 draws. Once the inspectorcertifies the work is done, funds are wired within 24 hours directly to the investor’saccount.
PRICING OPTIONS: We have various pricing options based upon experience, financial condidtion and projected loan volume.
INTEREST PAYMENTS: No payments for 6 months.
QUALIFYING DOCUMENTATION: Rehab Loan Application including: 2 Years of Tax Returns (both personal and business),
3 months of Bank Statements (both personal and business),
Entity documents (EIN#, Certificate, Articles of Organization/Operating Agreement)
LOAN DOCUMENTATION: Purchase Agreement (signed by both parties), Summary of Rehab Work to be Completed (document)
GUARANTEE: Personal guarantee required; close in name of business entity.
QUICK FUNDING: Once a borrower has been approved, funding of individual transactions is quick.