Arizona Rehab Lenders for Residential Rental Properties
Are you looking to rehab and hold residential rental properties in Arizona? 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 Arizona's urban areas. You typically need some cash for the purchase (15% to 20%), some cash reserves in case the rehab goes over budget, and a FICO score over 680 to qualify for the long-term refinance. The maximum loan-to-ARV (after-repair value) for most lenders in Arizona is 75%, but it could be lower depending on the rental income, location, credit score and other factors.Searching...
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Old North Capital Fund, LLC
True asset-based financing | No credit check, No appraisals, No prepay
Versara Capital
The Trusted Asset-Based Hard Money Lender for Real Estate Investors
RCN Capital
Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans
Capital Fund 1, LLC
Reliable Private Money for Your Real Estate Projects
Boomerang Capital Partners
The Best Flippin' Lender for House Flippers
Center Street Lending
Smarter Loans for Residential Property Investors
Kiavi
Servicing 12,000+ Real Estate Investors Across the Country
Lima One Capital
The Nation's Premier Lender for Real Estate Investors
Diya Finance
Bridge and Rental Loans Made Easy
American Heritage Lending
Direct Lender for Residential Real Estate Investors Nationwide
Hilton Financial Corporation
"When the bank says NO or moves too slow" TM.
Park Place Finance
Nationwide Direct Private Lender for Residential Real Estate Investors
i Fund Cities
Great F#*%ing Loans, Built By Investors For Investors
Arch Loans
Low and High Leverage Options, up to 90% of purchase price for fix & flip
LendingOne
Rental, Fix & Flip, Construction & Multifamily Bridge Loans Nationwide
Local Arizona House Rehab Lenders
Here are the residential property rehab lenders on our platform that are “local” lenders, based in Arizona…
- Old North Capital Fund, LLC | Tucson, AZ
Old North does not check credit, does not charge prepayment penalties and does not require appraisals for rehab projects. They will fund up to 90% of the purchase price and 100% of the rehab budget. Borrowers must have a 10% down payment. They Prefer to stay under 70% ARV (after-repair value) but will make exceptions. They lend in 19 other states. - 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 2 other states besides Arizona. We have met them in person at industry conferences. - Boomerang Capital Partners | Mesa, AZ
Established in 2006, Boomerang is one of Arizona’s top 5 lenders for rehab loans, in terms of volume. They don’t check credit and don’t charge any junk fees. They do in-house valuations. Appraisals are only required for unique properties in unique areas that don’t have enough sales comps. Boomerang lends up to 85% of the total project costs, with a max loan-to-after-repair value of 70%. Interest is only charged on the funds drawn, not the entire loan amount. Boomerang lends in only 3 other states besides AZ. We have visited their office. - 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.