Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Rehab Construction Loans in Kansas City
Can anyone recommend a company that does rehab construction loans for rehabbing a property in Kansas City, MO? We need approximately 30k for a SFH rental.
@Jeff Wheater I am a local lender in Kansas City. I run a Private lending arm of an investment company. We pair passive investors with real estate borrowers. Let me know if you'd like more info!
Thank you,
Sarah Barrett
If its a rehab loan meaning you aren't under contract yet, and want to wrap up the SOW rehab cost in with the offer to purchase price, I know Robert Hastings with UHM out of Lees Summit offers a loan like that. I have never used it, so I can't speak to how it works in reality, but my understanding is you need a licensed and insured contractor to fill out a few simple forms, and then they have to be willing to work with the lender in regards to communication.
We already own the property and there is not a loan on it. It is for construction rehab only.
Quote from @Jeff Wheater:
We already own the property and there is not a loan on it. It is for construction rehab only.
Look for lenders that offer Fannie Mae's Homestyle Loans. It is a rehab loan. Going this route, will probably get you the best terms. Let me know if you have any additional questions!
All day long, @Jeff Wheater. Tap into our network here. Where’s the property located and when are you needing the funds?