San Antonio Rehab Loan - Recommendations??

[Mason McDonald]

Hi all,

I'm looking for the best strategy to finance a rehab. I've got an outside investor that is willing to pay cash for the property under the condition that I pay for the rehab. My GC estimated the rehab to be around 35k. Are there any local credit unions that you've worked with that give favorable interest rates for renovation loans on investment properties? I've found most HML in SA don't loan for that low of an amount.

Thanks for any help!

Mason

[Scott White]

For a recent project, I got a personal loan from SoFi, an online bank, at 6% for 2 years. You can pick loan terms up to 7 years at higher rates. Super easy online app, funded in about 2 days, no closing costs.