Purchase & Rehab in Rochester, New York

Shareable Link: https://privatelenderlink.com/loan/2486138512/

Contact

Please note: Many of the following questions are directed to the Borrower, but you can answer them on behalf of the Borrower.

Please note: Many of the following questions are directed to the Borrower, but you can answer them on behalf of the Borrower.

Deal Overview
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We can only assist with properties located in the USA.

If your loan will NOT be secured by real estate, please exit this form and contact Private Lender Link’s support team for assistance

Loan Info

If a subject property has more than 5 units, go back and select Commercial Property.

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Minimum Down Payment Guide

Property Short-Term Bridge Loan (up to 2 years): 30%+ in cash or equity in another investment property.

Land Short-Term Bridge Loan (up to 2 years): 50%+ in cash or equity in another investment property.

DSCR Long-Term Rental Loan (3+ years): 20%+ in cash and could be higher depending on the debt service coverage ratio. Also varies based on credit score. These loans require a 680+ FICO score.

Rehab Loan (fix & flip or fix & rent): Most lenders require a 15-20% cash down payment for the purchase, but they typically fund 100% of the rehab budget. A few lenders require 10% down, and a handful of lenders consider 0% down. Some lenders require a minimum cash contribution of the total project costs (purchase + rehab). All lenders will require the borrower to have cash reserves, a certain percentage of the rehab budget.

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Property type, occupancy status, address, rental income, etc.

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Minimum Down Payment Guide

Property Short-Term Bridge Loan (up to 2 years): 30%+ in cash or equity in another investment property.

Land Short-Term Bridge Loan (up to 2 years): 50%+ in cash or equity in another investment property.

DSCR Long-Term Rental Loan (3+ years): 20%+ in cash and could be higher depending on the debt service coverage ratio. Also varies based on credit score. These loans require a 680+ FICO score.

Rehab Loan (fix & flip or fix & rent): Most lenders require a 15-20% cash down payment for the purchase, but they typically fund 100% of the rehab budget. A few lenders require 10% down, and a handful of lenders consider 0% down. Some lenders require a minimum cash contribution of the total project costs (purchase + rehab). All lenders will require the borrower to have cash reserves, a certain percentage of the rehab budget.

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Minimum Down Payment Guide

Property Short-Term Bridge Loan (up to 2 years): 30%+ in cash or equity in another investment property.

Land Short-Term Bridge Loan (up to 2 years): 50%+ in cash or equity in another investment property.

DSCR Long-Term Rental Loan (3+ years): 20%+ in cash and could be higher depending on the debt service coverage ratio. Also varies based on credit score. These loans require a 680+ FICO score.

Rehab Loan (fix & flip or fix & rent): Most lenders require a 15-20% cash down payment for the purchase, but they typically fund 100% of the rehab budget. A few lenders require 10% down, and a handful of lenders consider 0% down. Some lenders require a minimum cash contribution of the total project costs (purchase + rehab). All lenders will require the borrower to have cash reserves, a certain percentage of the rehab budget.

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Property type, occupancy status, address, rental income, etc.

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Minimum Down Payment Guide

Property Short-Term Bridge Loan (up to 2 years): 30%+ in cash or equity in another investment property.

Land Short-Term Bridge Loan (up to 2 years): 50%+ in cash or equity in another investment property.

DSCR Long-Term Rental Loan (3+ years): 20%+ in cash and could be higher depending on the debt service coverage ratio. Also varies based on credit score. These loans require a 680+ FICO score.

Rehab Loan (fix & flip or fix & rent): Most lenders require a 15-20% cash down payment for the purchase, but they typically fund 100% of the rehab budget. A few lenders require 10% down, and a handful of lenders consider 0% down. Some lenders require a minimum cash contribution of the total project costs (purchase + rehab). All lenders will require the borrower to have cash reserves, a certain percentage of the rehab budget.

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Final Details

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At this time, we do not accept file attachments, except images of subject property. If you wish to share documents related to the loan request, we encourage the use of a secure cloud storage system in which you can generate a public URL to share files. First enter a name/label, then paste the URL. Click the + buton to add more.
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The Story & Summary
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