100% Financing 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 properties in 18 states.

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

  • Will fund up to 100% of purchase and 100% of repair costs
  • No Income Verification!
  • Minimal Documentation Required
    • Completed Application (with releases)
    • Business entity document that name people authorized to sign for the entity
    • Fully executed (signed by buyer and seller) agreement of sale
    • 3 months bank statements (business and personal)
    • Copy of driver’s license
    • Itemized list of repairs
  • Points as low as 2.0 points for previous borrowers
  • 9 month term with 3-month optional extension (extension fees apply) for rehab loans
  • FICO score 650 = 65% ARV
  • FICO score 700 = 70% ARV
  • 75% ARV based on the following criteria
    • 1 completed project with RFG or 3 completed projects with another lender
    • 1-4 residential units only
    • 700 FICO score

Please Note: We do NOT consider land, owner-occupied homes or commercial properties.

Property Geographic Area Details
18 States: AL, CT, DE, FL, GA, IN, KY, MA, MD, MO, NC, NJ, OH, PA, SC, TN, TX, VA, We do NOT lend in Cleveland.
Loan Amounts
$100,000 to $1,250,000
Interest Rates
11.25% to 12.75%
Loan Terms
9 months to 12 months
Origination Fees
2% to 3%
Lien Position
1st
What we do:
100% Financing for Purchase & Rehab
90% LTC for Ground-Up Project Financing
Multifamily 5 to 10 Units Financing
What we don’t consider:
Land Loans
Owner-Occupied Homes
Rural Areas
Commercial Property
Credit Check Required

yes

Minimum 650 FICO score required. The co-borrower must be invested in the project; can't make someone a co-borrower just to use their credit score. NO bankruptcy or foreclosures in the past 2 years.
Prepayment Penalty

no

Maximum Leverage

Residential Fix & Flip
Max LTP: 100%
Max LTC: 100%
Max LTARV: 75%
Residential Construction
Max LTC: 90%
Max LTCV: 65%
Multifamily Construction
Max LTC: 85%
Max LTCV: 65%

Home rehab loans for 100% of the purchase price & rehab costs, up to 75% ARV

No Income Verification
No Down Payment
Same-Day Approval
Funding in 5 to 10 Business Days

This Fix-to-Flip loan is perfect for the flipper who has a good/excellent credit score of 650+.  The unique benefit of this product are with no down payment and no income verification you can get a home rehab loan for 100% of the purchase price and rehab costs, up to 75% of ARV, keeping as much cash in your pocket as possible!  Most other private lenders for real estate do not offer 100% financing home rehab loans.  It’s one of the most unique private lending products for real estate around.

DETAILS:

Term: 9-month loan with 3-month optional extension (extension fees apply).
Loan Amount: $100k – $1.25M
Points: As low as 2.0%
No application fee
Same-Day Approval
Financing delivered in 5 to 10 business days
No prepayment penalty

Liquidity Requirements:
$15,000 or 25% of rehab budget, whichever is greater.  Plus closing costs. Contact us for more details.

FICO score 650 = 65% ARV
FICO score 700 = 70% ARV
75% ARV – Based on the Following Criteria:

  • 1 completed projected with RFG or 3 completed projectes with another lender.
  • 1-4 residential units only
  • 700 FICO Score

Documentation Checklist:

  • Completed Application (with releases)
  • Business entity documents that name the people authorized to sign for the entity
  • Fully executed (signed by buyer and seller) agreement of sale.
  • 3 months most recent bank statements (business and personal)
  • Copy of driver’s license
  • Itemized list of repairs

Ground Up Construction Loans – Up to 70% ACV with 90% LTC

1. The approval for this loan is  based on ground up construction experience, $15,000 OR 25% OF THE CONSTRUCTION BUDGET. WHICHEVER IS GREATER, closing costs, and FICO score.

a. Borrowers or builders for the ground up construction programs must have at least three (3) completed projects or 3 fix and flips with at least 1 large rehab (Comparable to Construction of GU) for Ground up Construction program.

2.  Land must have all entitlements.

b.  Experienced 1-4 family builders may qualify for refund of land purchase price. (Up to 70%)

FICO SCORE OF 650 – 699 = MAX ACV 65%

FICO SCORE OF 700+ = MAX ACV OF 70%

Term: 12-month term with two 3-month extensions (extension fees apply).

Up to 70% ACV

90% LTC Cap

Closing times in as few as 5-10 business days

Loan size $100,000 – $1,500,000

Finance up to 70% of purchase, up to 70% ACV (As Completed Value)

Liquidity Requirements:
$15,000 OR 25% OF THE CONSTRUCTION BUDGET, WHICHEVER IS GREATER, plus cash for closing costs.

For investors interested In land intended for ground-up building of 1-4 units.

All ground up construction loans will be IAD (interest as drawn) for the first six months of the loan. All ground up construction loans will be IAD for the first six months of the loan.

Multi-family Property Loans

DSCR: Minimum of 1:20 from market rents

Refinance/Rehab: No cash out, PAYOFF and Rehab Only

Location: No rural properties, must be in a metro area. No vacancy or abandoned properties nearby. No blight ridden areas

Liquidity Requirements:
Minimum of all closing costs in addition $15,000 OR 25% OF THE RENOVATION BUDGET OR CONSTRUCTION BUDGET, WHICHEVER IS GREATER.  Plus closing costs. Contact us for details.

FICO: ≥ 700
Closing:  5-10 business days
Loan Amount $100,000 – $1,250,000
Minimum Value per Unit:  $35,000
Property Type:  5-10 Units
Term: 9-month term with 3-month extension (extension fees apply).
Liens: 1st liens only. No subordinate liens.
Purchase: 85%
Rehab Budget: 100%
ARV: 65%

IMPORTANT NOTES ABOUT MULTIFAMILY PROPERTY LOANS:

  • Rehab Budget: Max budget at 150% of Purchase Price (Exception on a case-by-case basis) Property: No SRO’s, No Condo’s, Minimum Sq Ft of 500 sq. ft. per unit, No Assisted Living or nursing homes, No environmental issues (oil tank certification required), No short-term rentals.
  • Full Doc: Seller’s financials on the rent roll required: Market Rents will be used for DSCR purposes. A true and certified, current rent roll from the owner, supported by a current operating statement no older then 45 days of submission. All commercial leases must be submitted along with 20% of residential leases. If property is vacant Market rents will be used.
  • Experience: Borrower must have a minimum experience of 3 prior projects and 1 needs to be multi-family within 3 years. Max at 65%. No new borrowers. Must have local market experience.
  • Fixed Expense: Management, Maintain and reserves at 5,3,2%. Taxes and Insurance. Vacancy will be 5% and update per the Appraisal actual numbers. Greater than 20% Vacancy will not be accepted. NO EXCEPTIONS

Property Types

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

Loan Types

  • Private Money
  • Hard Money
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Residential Ground-Up Construction
  • Residential Long-Term Rental
100% financing only available for rehab projects. It's not for a stabilized property purchase.

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
Experienced investors – 150% max LTC for renovation costs

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

2

Maximum After Repair Value

75%
90% LTC Cap. The approval for this loan is based on ground up construction experience. Borrowers or builders for the ground up construction programs must have at least three (3) completed projects or 3 fix and flips with at least 1 large rehab (Comparable to Construction of GU) for Ground up Construction program. Land must have all entitlements. Experienced 1-4 family builders may qualify for refund of land purchase price. (Up to 70%). FICO SCORE OF 650 – 699 = MAX ACV 65%. FICO SCORE OF 700+ = MAX ACV OF 70%. Term: 12-month term with two 3-month extensions (extension fees apply).

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

1

Max LTC for Ground-Up Construction Costs

90%

Interest Charged for Construction Costs

Entire Amount of Total Project Costs

Will Lend on Partially Completed Construction Projects

no

Will Lend on a Portfolio of Properties

No

Minimum Number of Properties

2

Maximum Number of Properties

25

Documents Fee

Varies by attorney/non-attorney state

Title Fee

Choice of title company/varies by loan size

Fees which are mandatory for all new borrower clients

  • Other Fee

Details and Requirements

Payment Structure
  • Interest Only
Maximum Units for Multifamily Properties

10

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
  • Bank Statements
  • Financial Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Minimum Credit Score Required

650

Appraisal Required for Residential Property

Always Before Funding

Broker Price Opinion (BPO) Accepted for Residential Property

Never

Collateral Types
  • Residential Property
Loan Purpose
  • Investment Acquisition
  • Improve Subject Property
  • Value Add Project
Property Occupancy
  • Vacant

Rehab Financial Group Testimonials

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About Rehab Financial Group, LP

Whether you are renovating to sell or rent, Rehab Financial Group is committed to investor success! We evaluate borrowers as a whole, and ultimately try to match our broad base of loan products to meet your specific goals. By reviewing an applicant’s full financial picture, we don’t need to stick to hard-and-fast formulas, but instead use common sense underwriting and work with financially-responsible borrowers who want to flip a reasonably-priced property.

RFG’s combined 50 years of real estate and lending experience have helped THOUSANDS of investors become successful renovation professionals.  We believe strongly in matching you with the loan that best meets your specific needs.  Our goal is to keep you liquid so you retain the most cash in your bank account.  When other lenders won’t, RFG will!

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
Percentage of Loans Secured by Residential Property

99%

Our Team

Brian M. Augsberger

Director of Sales

Susan Naftulin

President and Co-Founder

John V. Santilli

Chief Revenue Officer

Matt Breen

Underwriter & Secondary Market Product Manager

Lisa Allen

Underwriting & Processing Manager

Dipali Patel

Loan Processor

James Schreffler

Underwriter & Loss Mitigation Specialist

Toni Jones

Account Executive

Contact Rehab Financial Group

Rehab Financial Group pays us to be listed, so there is no fee to connect with them directly.

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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$100,000

What we do:
100% Financing for Purchase & Rehab
90% LTC for Ground-Up Project Financing
Multifamily 5 to 10 Units Financing
What we don’t consider:
Land Loans
Owner-Occupied Homes
Rural Areas
Commercial Property

Contact Rehab Financial Group

Rehab Financial Group pays us to be listed, so there is no fee to connect with them directly.

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