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Updated over 8 years ago on . Most recent reply

User Stats

241
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96
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Loren Thomas
  • Electrician
  • Bothell, Wa
96
Votes |
241
Posts

85% LTV rehab loan?

Loren Thomas
  • Electrician
  • Bothell, Wa
Posted

We recently bought a new house and moved out of our old house, leaving it vacant. We're having a hard time making the numbers work selling it as is. If we were able to put 10-15k into it (paint, trim, carpet, small outside stuff), the numbers look much better.

We currently have about 25% equity, and haven't been able to find anyone that offers anything over 75% LTV. The time line is minimal.

Can anyone recommend a lender that'll do a small rehab loan?

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