Rehab and Refinance Loans
Rehab and refinance loans are ideal for real estate investors looking to complete projects and get paid. Many lenders either lack interest or understanding in financing home repairs, making a reliable rehab lender crucial.
ATC Managers' Rehab and Refinance loan program allows borrowers to purchase distressed properties, make necessary improvements, and refinance after securing tenants. We offer up to 80% of the purchase price, providing you with the funds needed for repairs. Once the property is fixed up and rented, we can help you secure a long-term, low-rate, 30-year fixed mortgage.
General Loan Rates and Terms
Loan Sizes:
-
Ranging from $5,000,000 up to $80,000,000+
Fixed Rates:
-
Starting at 8.5% APR
Monthly Payment:
-
Interest Only
Loan Term Duration:
-
6 to 48 months, extensions available
Loan-to-Value (LTV) Rates:
-
Up to 85% LTV for commercial properties
-
Up to 70% LTV for raw land
Loan-to-Cost (LTC) Rates:
-
Up to 90% LTC for construction and renovation projects
After Repair Value (ARV) Rates:
-
Up to 70% for fix-and-flip projects
Closing Costs:
-
Typically range from 1 - 5 Points, paid by borrower, includes appraisal, legal, and processing fees
Collateral Options:
-
Flexible collateral requirements including real estate, equipment, and inventory
Pre-Payment Penalty:
-
No additional fees for paying off your loan early
Average Funding Duration:
-
10-15 days from application to funding
Service Areas:
-
Nation-wide
Let's work together to find the perfect funding solution for you. Fill out our online application today and take the first step towards achieving your financial goals.