Chandler Rehab Lenders for Residential Rental Properties
Are you looking to rehab and hold a residential rental property in Chandler, AZ? On this page you'll find a list of lenders that provide financing to help investors execute the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy in urban areas. You typically need some cash for the purchase, some cash reserves, and a FICO score over 680 to qualify for the long-term refinance. The maximum loan-to-ARV (after-repair value) for most lenders is 75%, but it could be lower depending on the rental income, location, credit score and other factors.Searching...
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Center Street Lending
Smarter Loans for Residential Investors
Hilton Financial Corporation
"When the bank says NO or moves too slow" ™
Versara Capital
Mesa, Arizona based hard money lender.
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Certain Lending
The Mortgage Company Built for Real Estate Investors
LendingOne
Rental, Fix & Flip, New Construction, Fix to Rent, SFR Portfolio Loans Nationwide
i Fund Cities
Direct Lender for Builders and Rehabbers
Groundfloor Lending
Fast Funding with Deferred Interest Payments
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
RBI Private Lending
Direct lender for Bridge Laons, Fix and Flip and Construction. Foreign nationals and new investors welcome.
Dunmor
Do More With Dunmor
Kiavi
Servicing 18,000+ Real Estate Investors Across the Country
4 Local Arizona House Rehab Lenders
Here are the residential property rehab lenders on our platform that are “local” lenders, based in Arizona…
- Capital Fund I | Scottsdale, AZ
Established in 2009, Capital Fund seems to be the largest rehab lender in Arizona, in terms of loan volume. They don’t check credit, don’t ask for personal tax returns, don’t require appraisals, and don’t charge prepay penalties. They fund up to 90% of the purchase price, with a maximum loan-to-cost of 85%. Capital Fund I lends in only 4 other states besides Arizona. We have met them in person at industry conferences. - Versara Capital | Mesa, AZ
Versara doesn’t require appraisals for most rehab deals, and they are not too concerned about credit scores. They can fund up to 80% of the purchase price and 100% of the rehab costs. - Hilton Financial Corporation | Phoenix, AZ
Hilton Financial funds up to 80% of the purchase price and 90% of the rehab budget, with a maximum loan-to-ARV of 69%. They sometimes allow seller carry back or gap funding. They do not charge pre-payment penalties and don’t require experience. Most of their rehab loans are fully funded at close of escrow. Draws are paid on a line-item, percentage of completion basis for work in place. 3rd party inspections are standard. Most draws are processed within 5-7 business days of complete draw submittal. They lend in only 4 other states besides Arizona. We have visited their office. - Private Money Funding, LLC | Scottsdale, AZ
PMF is a true asset-based lender for house rehabbers throughout Arizona. They don’t check credit, don’t require formal appraisals and are fine with rural locations, but they are conservative with their leverage. They max out at 60% loan-to-value and loan-to-cost. For a purchase, borrowers need a 40% down payment, and also need to contribute 40% of the total rehab costs. The loan amount cannot exceed 60% of the after-repair value.
