We fund rehab loans for real estate investors across the country. We have very flexible lending guidelines with stated income, No Doc loans non owner-occupied commercial real estate loans.
We like to see at least a 30% down payment of both the purchase price and remodel budget. We require the after value to be greater than $80,000.
We require that rehab loans be set up at closing and held in an escrow account for contractors to be paid after work is completed, inspected and lien waivers turned in with the escrow company.