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Updated about 9 years ago on . Most recent reply

User Stats

125
Posts
36
Votes
Robert Guilfoyle
  • Mount Laurel, NJ
36
Votes |
125
Posts

Will banks give HELOC on ARV for Rehab Costs

Robert Guilfoyle
  • Mount Laurel, NJ
Posted

I know there are banks or HML's out there that will provide $$ for purchase and rehab costs based on a % of ARV. I am working with a national bank who does not fund rehab but will fund purchase price. They do not lend on ARV. Would I be able to go to another bank to get a HELOC based on the ARV to pay for rehab costs?

Thanks!

  • Robert Guilfoyle
  • Loading replies...