Investor rehab loans (also known as hard money loans) are currently filling a need for investor who have an ability to find deals, but have found themselves unable to fund projects with conventional financing. Investor rehab loans are particularly easy to find with a number of competitors but at the same time you should watch out for the hard money lenders that are also wholesalers. Always use a direct private lender who can fund loans within 2 weeks and make sure they offer rehab home loans or investor rehab loans designed for investors with special circumstances and/or special needs with an easy submission process, fast underwriting and quick closings. Though the rates are much higher and the fees will be from 4% to 10% hard money loans could actually be more profitable to real estate investors than non conforming investor rehab loans. Possibly related postsinvestor rehab loans set to explode in 2010, says zinc financial, llc (marketwire via yahoo!
Investor Rehab Loans
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