Rehab Questions

[Nadira Stewart]

Hello, I am new to the board and have managed to purchase a small multifamily (over 4 units) that needs a gut rehab. So.... now that I already am in the situations, I am wondering how I can estimate what the overall rehab costs will be and how to go about obtaining a rehab loan or some kind of financing. On that ends, how do I evaluate mortgage lenders and deals? I do not want a hard money loan where I am paying exorbitant points and interest rates. What are my options?

Thanks!

ETA: I do not have a mortgage on the property and I understand that a hard money loan for rehab may be my only option, so I have not excluded hard money loans from my consideration. I am not a flipper and, as a result, have done some preliminary calcs but I am not familiar with all of the analysis that I should employ. Any help at all would be greatly appreciated!