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Updated about 10 years ago,
If you are looking at investments to buy, rehab and rent, we can help!
One of the most common scenarios for real estate investors is a buy, rehab, and rent investment strategy.
The Rehab & Rent Loan is the perfect tool to help the buy and hold investor with their investment purchase: http://kcinvestorfunding.com/rehab-loans/
If you are looking at investments to buy, rehab and rent, we can help!
Features of our Rehab Loans:
- Term 6 – 12 months (Individual loan circumstances may apply)
- 4 – 8 points (Points based on total loan amount, minimum fees do apply for smaller loan sizes <$60,000)
- 12% interest rate (Annual)
- Loan amounts up to 65% LTV of after repair value of the property (Borrower down payment may apply)
- Interest reserve is commonly included in the loan at closing. If interest is not included, the borrower will be required to make a monthly interest-only payment.
- For “rent” to be an acceptable exit strategy, the borrower must pre-qualify for a refinance with a mortgage broker or lender prior to closing
- No loan limits (High or low)
- Most property types considered (No raw land, no residential owner occupied properties)
- First Lien Mortgage / Position
- Brokers protected
Note: The information on this page is about rehab loans where renting the subject property is the borrower’s exit strategy. Visit our Rehab and Flip Loans page for information about rehab loans where the subject property will be sold in order to pay off the loan.
Do you need any money down? Here’s how to estimate if you may need to bring money to closing.
• Step 1: Calculate Gross Loan
The Gross Loan will be up to 65% LTV of the ARV
Example: $100,000 ARV = $65,000 Gross Loan
• Step 2: Calculate Costs
Add Purchase Price + Rehab Costs + Estimated Closing Costs (title, etc) + Points (loan fee) + Interest Reserve = Total Costs
* Step 3: Estimated Cash to Close
Gross Loan – Total Costs = Estimated Cash to Close
Example: $85,000 Total Costs – $65,000 Gross Loan = $20,000 Estimated cash from borrower to close.
How do I get started?
Please click Submit Loan Request for an initial review and consideration. Kansas City Investor Funding LLC often responds to inquiries in the same business day or within 24 hours.
All loans provided by or through Kansas City Investor Funding LLC are structured as commercial loans as the loans are being made for investment or business purposes. No residential owner occupant loans are ever provided or considered for any reason.
For more information or answers to the most commonly asked questions please visit Hard Money Loans FAQ or email JJ Pawlowski at [email protected]