1 & 2 Year Rehab Loan Guidelines

“AS-IS” Investment Loans

  • Investment property in Florida, Georgia, & North Carolina
  • Leverage up to of 90% of purchase and 75% LTV of the AS-IS Appraised Value or purchase price (whichever is lower) depending on experience and credit.
  • Full appraisal and survey required (not appraisal loans available at lower LTV’s
  • Only 1st position liens
  • Clear and marketable title required
  • Properties are titled in land trust or corporate name
  • Interest only monthly payments
  • No pre-payment penalty
  • Properties can be titled in land trusts, corporate names, or LLC

Foreign National Loans

  • Investment property only
  • Max 75% LTV of AS-IS Value
  • Full appraisal and home inspection including renovation costs and survey required
  • Only 1st position liens
  • No 2nd mortgage allowed
  • Clear and marketable title required
  • Properties are titled in land trust or corporate name
  • Interest only monthly payments
  • No pre-payment penalty
  • Corp docs and operating agreement required

CASH OUT REFINANCE (Foreign National and U.S. Citizen borrowers)

  • Cash out max 65% LTV of AS-IS Value (Borrower must have a minimum of 20% left in the deal)