Direct Lender for Fix-to-Flip/Rent and New Construction

Rehab Financial Group, LP makes secured first lien loans to real estate investors requiring capital to acquire, improve, own, operate, manage and sell non-owner occupied 1-4 family residential properties in 23 states.

RFG’s focus is on 100% financing, offering loans to cover 100% of purchase and rehab costs.

RFG is run by knowledgeable and creative real estate lenders with years of experience helping thousands of qualified investors realize their dreams through real estate investing. RFG lends in 23 states and offers competitive rates, interest only payments and NEVER charges a prepayment fee. RFG appreciates its repeat customers, and has a clearly stated customer loyalty program that rewards its best customers.

Property Geographic Area Details

CO, CT, DE, FL, GA, IL, IN, KS, LA, ME, MD, MA, MO, NH, NJ, NY, NC, PA, RI, SC, TN, VA, WV

Loan Amounts

$50,000 to $1,000,000

Interest Rates

9.99% to 14.99%

Max Loan-To-Value

70%

Max Loan-To-Cost

100%

Origination Fees

2% to 4%

Loan Terms

4 months to 12 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Improve Subject Property
  • Value Add Project

Property Occupancy

  • Vacant

Property Types and Loan Types

Collateral Types

  • Residential Property

Property Types

  • 2-4 Units Residential
  • Mixed-Use
  • Multifamily
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction

Purchase Loan

Max Loan-To-Purchase Price

100%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Primary Residence

Rehab Value Add Loan

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Entire Amount of Total Project Costs

Typical Number of Days for Funds Draw

0

Maximum After Repair Value

70.00%

Construction Loan

Loans are approved based on ground up experience, cash for closing + 6 months reserves, credit and income. We require at least 1 verifiably completed ground up within the most recent 12 months. Land must be purchased in advance, have a foundation poured with permits approved for building. RFG may refund the cost of the foundation as part of the total loan subject to appropriate ARV limit. Experienced 1-4 family builders may qualify for refund of land purchase price. 65% LTARV for credit scores over 700. If credit score is under 700, the max LTARV is 60%.

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

100%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

no

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

3

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only

Pre Payment Penalty

no

Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Corporation
  • Self-Directed IRA

Documentation Required

  • Credit Report
  • Tax Returns
  • Bank Statements
  • Financial Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Always

Credit Check Required

yes

Minimum Credit Score Required

620

Appraisal Required for Residential Property

Always Before Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Fees

Underwriting Fee

$498.00 to $0

Processing Fee

$400

Documents Fee

Varies by attorney/non-attorney state = $1500-999 respectively

Title Fee

Choice of title company/varies by loan size

Appraisal Fee

$575-675

Fees which are mandatory for all new borrower clients

  • Other Fee

Fees which are charged upfront prior to loan closing

  • Inspection Fee

100% Hard Money Premier Loan Program

  • 620 minimum – FICO scores below 620 will need a co-borrower or guarantor
  • Up to 100% of repair cost
  • As low as 2.0 points (paid at closing)
  • As low as 9.99% interest (payable monthly)
  • LTV up to 70% (Based on After Repair Value)
    • On most loans we will fund 100% of the purchase and rehab costs up to 70% of the After Repair Value (ARV)
  • 4-12 months – You must sell or refinance the property to pay off the loan
  • Additional closing costs are due at time of closing.
  • Loan amount: $50,000 to $1,000,000

Rehab Financial Group, LP makes secured first lien loans to real estate investors requiring capital to acquire, improve, own, operate, manage and sell non-owner occupied 1-4 family residential properties.

RFG is run by knowledgeable and creative real estate lenders with years of experience helping thousands of qualified investors realize their dreams through real estate investing. RFG lends in 23 states and offers competitive rates, interest only payments and NEVER a prepayment fee. RFG appreciates its repeat customers, and has a clearly stated customer loyalty program that rewards its best customers.

Year Established

2010

Office Locations

1062 E Lancaster Ave, Ste 15C, Rosemont, Pennsylvania 19010-1565

Primary Capital Source

  • Own Funds

Alternative Capital Sources

  • Own Funds

Loan Structure for Majority of Loans

  • Own Balance Sheet

Alternative Loan Structures

  • Own Balance Sheet

Percentage of company’s lending business focused on private mortgage

100%

Company’s Other Business Activities Besides Private Mortgage Lending

  • Residential Mortgage Banking
  • Residential Real Estate Investing

Percentage of Loans Secured by Residential Property

100%

Brian M. Augsberger

Director of Sales & Marketing

Brian joined Rehab Financial in September 2015 as the firm’s Director of Sales & Marketing. Prior to his appointment at RFG, Brian cultivated relationships with ultra-high-net-worth clients of the JPMorgan Private Bank. In addition to earning a Master’s degree in Communication - Advertising from Bond University in Australia, Brian worked at McCann Erickson’s Sydney and Gold Coast offices, procuring new business across Australia. Brian is also a proud alumnus of Salesianum School and St. Joseph’s University, where he studied marketing and briefly played with the Hawks’ varsity baseball team. He resides in West Grove, Pennsylvania.

Susan Naftulin

President and Co-Founder

Susan founded RFG with partner Jeffery Goldberg in 2009. In addition to serving as President of RFG, Susan also serves on the American Association of Private Lenders Ethics Advisory Committee (Susan’s AAPL profile) where she continuously upholds the real estate industry’s values, and supports professional conduct in private lending. Prior to becoming President of RFG, Susan held several senior management positions in the mortgage industry, including General Counsel, Managing Attorney, Chief Operating Officer, and Senior Vice President for both privately and publicly held mortgage lenders. Prior to entering the mortgage industry, Susan was a creditors’ rights attorney with the Philadelphia Law Firm of Fox Rothschild LLP. Susan earned her law degree from the University of Pittsburgh, and has two Bachelor of Arts degrees from Carnegie Mellon University, one in history and the other in secondary education. Susan currently lives in suburban Philadelphia with her husband, and enjoys spending time with her two adult sons.

John V. Santilli

Chief Revenue Officer

John joined RFG in July 2019, and is responsible for all opportunities connected to the growth of RFG. He is focused on expanding the company’s sales channels to maintain their position as a leader in rehab financing. Prior to joining RFG, John had 25 years of lending and marketing executive leadership experience across multiple private and public marketing-dependent companies. He had managed companies from start-up to maturity ranging from $2.5M to over $50M in annual revenue. John earned a Master’s Degree in Management from the University of Pennsylvania and a Bachelor’s Degree in Business Administration with a concentration in Marketing from Drexel University. He currently resides in Wynnewood, PA, with his three children, and enjoys family first, live music, and finding the perfect balance of work hard/play hard.

Matt Bente

Chief Financial Officer

Matt joined RFG in June 2018 as the Financial Controller, and quickly integrated himself into much more than the financial management of the firm, including overseeing all borrowers and expanding relationship management. He was promoted to CFO in December 2019, and has worked to revamp all loan terms and rates, allowing RFG to partner with more borrowers than ever. Prior to joining RFG, Matt was a Senior Indices Derivatives Trader at Belvedere Trading in Chicago for almost six years. He assisted in the firm’s positional management of a $150M S&P 500 portfolio, and was also co-manager of its $10M VIX portfolio. While working with numerous brokers, he became the head relationship management specialist for both desks. These experiences allow Matt to keep a pulse on the markets and rate shifts, and how they would potentially impact RFG’s real estate portfolios. Matt earned a Bachelor’s Degree in Business Administration with a concentration in Finance and Marketing, and a minor in Innovation, Entrepreneurship, and Economic Development from the Tepper School of Business at Carnegie Mellon University. While at Carnegie Mellon, he played for the Tartans’ football team, a Division 3, UAA Team. Originally from Hollywood, FL, Matt currently resides in Wyncote, PA, with his wife and two children. He enjoys watching and playing all sports, and is excited to continue learning and growing through his work at RFG.

Matt Breen

Underwriter & Secondary Market Product Manager

Matt joined RFG in January 2020. Prior to that, he had been in the mortgage/lending industry for almost 20 years in various roles from Sales, Operations, and most recently in several different Risk/Compliance Underwriting positions. He lived on the West Coast for 5 years, and was a loan counselor as well as a licensed real estate broker, so he understands all sides of the fix-to-flip equation. Matt earned a Bachelor’s Degree in Law/Criminal Justice from Rowan University. Born in Philadelphia, PA, and raised in Washington Township, NJ, he currently resides in Rosemont, PA, with his wife and two children, as well as a dog named Zoe, a cat named Star, and a fish named Carson Wentz. Matt coaches youth soccer and softball for the Radnor Athletic League, and enjoys running, surfing, craft beer, and various outdoor activities with his family.

Lisa Allen

Underwriting & Processing Manager

Lisa joined RFG in January 2020. Lisa started her lending career over 30 years ago in the banking and lending industry. With an excellent background and experience in processing, underwriting, and management, she was most recently an Operations Officer for 11 years for two prominent mortgage companies. Lisa earned a Bachelor’s Degree in Education from Fairleigh Dickinson. Born in Philadelphia, PA, she currently resides in Williamstown, NJ, with her daughter and her cat. She is an avid traveler, and enjoys trying new restaurants. Her proudest moments are spent watching her daughter participate on the track & field team at her school.

Chris Vena

Loan Advisor

Chris joined RFG in March 2020. Prior to that, he was a project manager with extensive sales experience, as well as a personal business owner. Chris is extremely devoted to the industry, client, and RFG, and is excited to assist borrowers in a smooth and successful loan transaction. Chris earned a specialized technology degree with a minor in business management. Originally from Philadelphia, PA, Chris currently resides in Washington Township, NJ, with his son and daughter. He is proud to be a dedicated and active father, and spends most of his spare time supporting his son’s ice hockey career and his daughter’s competitive cheer career.

Dipali Patel

Loan Processor

Dipali joined RFG in March 2018, bringing over eight years of finance and banking experience to the table. Prior to that, she worked at Vanguard as a Client Relationship Associate assisting in marketing a variety of financial products, services, and programs to individual and institutional investors. Dipali earned a Bachelor’s Degree in Finance from the University of Wisconsin. She currently resides in Wayne, PA, with her family. When not working, Dipali enjoys time with her family, raising her two children, and likes to travel, bike, and cook for her family and friends.

James Schreffler

Underwriter & Loss Mitigation Specialist

Jim joined RFG in Aug of 2020. Prior to joining RFG, Jim held leadership positions in three prominent lending and servicing organizations for over 30 years. Jim joins RFG with over 30 years of mortgage experience with an expertise in underwriting and servicing of Residential and Commercial Real Estate. Jim earned a Bachelor’s Degree in Business Administration from Slippery Rock University. Born in Central PA, Jim has relocated several times and currently resides in Warminster, Pa. He has three boys and is an avid golfer.

Toni Jones

Account Executive

Toni joined RFG in August 2020. She brings over 20 years of experience in real estate, lending, sales, and operations, having worked with Fannie Mae, Freddie Mac, HUD and other national organizations. Toni is a licensed Florida Real Estate Broker and has rehabbed and flipped hundreds of properties over the last decade. Her favorite part of the business is working with investors and she looks forward to helping them reach their goals by partnering with RFG. Toni is a native of Florida and currently resides in the Palm Beach area. She has three adult children, 1 granddaughter and 1 fur baby, her little dog Lexi. She loves spending time with family and close friends, and enjoys nature walks, yoga, and meditation.

Gil Pementel

Account Executive

Gil has been involved within the real estate, mortgage, alternative lending and property rehab spaces for over 30 years. Having completed many of his own purchase, fix and flip properties as well as many buy and holds, coupled with his extensive knowledge of real estate “rehabbing” and being a former licensed Realtor and Mortgage Broker provides Gil an opportunity to support clients that very very few can offer. Gil has held positions as an Account Executive, Director of Training, Vice President and for the last 13 years as the President of an alternative lending brokerage that specialized in Creative Real Estate transactions within the US and Canada. Gil has extensive training on a personal level with some of the greatest names in real estate investing, and business spaces that exist. Gil lives with his wife Stacey, sons Jack and Anthony while his two older sons Michael and Kevin live in Chicago and Cleveland. The Pementel’s enjoy the beach, travel, the outdoors and Stacey’s amazing cooking.

Norwood Home Fix-to-Flip Project

Rehab Financial has helped me get several deals done despite some out of the ordinary situations. Their flexible draw schedules and helpful team made sure my contractors got paid on time and kept the project moving. The process was very easy.

Richard O.

Atlanta Apartment Building Fix-to-Rent Project

RFG is a great lender. The whole process is so smooth. No complaints!

Ayesha S.

Philly Home Fix-to-Rent Project

We view RFG as our short-term and long-term partner. They are one of the best lenders in the business.

Travis R.

Norwood Duplex Fix-to-Flip Project

You can’t beat RFG’s deal — 100% loans make it easy.

Angelo G.

Philly Quad Fix-to-Rent Project

I feel like RFG has grown with me. When I was first learning the flipping business, they had me focus on single family homes. After I had some successes, I brought a mixed-use property to them that had a commercial space on the first floor. They listened to my plans, and approved my loan!

Angelo G.

Philly Mixed-Use Quadplex Building Fix-to-Rent Project

RFG is great! They expedite paperwork processing and funding, so I can get moving on the project ASAP.

Al C.

Before You Contact Us

Our Minimum Loan Amount Is

$50,000

What We Do

  • Fix/Flip and Construction Loans
  • Residential & Multifamily Properties
  • High Leverage up to 100% LTC

Not Available

  • NO Owner-Occupied Homes
  • NO Commercial Property, except Multifamily
  • NO Rural Areas

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

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