RESIDENTIAL REHAB HARD MONEY LOANS
Residential rehab loans offer funding to real estate investors who are purchasing and improving residential real estate.
When it comes to residential rehab, cash and speed are crucial. Real estate investors need the financial resources necessary to execute their plan and make attractive offers that promise quick closes. For all but the most cash-rich investors, one of the few means of competing is a hard money loan for residential rehab and other purposes.
At Socotra Capital, we understand the need to move quickly when opportunities arise. As a direct lender, we handle every aspect of your residential rehab loan, from origination to funding and servicing in-house. And we have gone to great lengths in scrutinizing, developing, and simplifying our systems and loan process.
We can often provide you with same-day prequalification. Please complete our Residential Rehab Loan Interest Short Form to get started.
Our Residential Rehab Loan Parameters:
Fix and flips, buy and holds, distressed property purchases, and non-arm's length transactions
$100,000 – $12,000,000
6 months to 20 years – interest-only, partially-amortized, and fully-amortized loans available.
Loans are available to individuals, trusts, corporations, and limited partnerships
Residential Rehab Loans focus on three primary questions:
- How much are you buying it for?
- What is the cost of the rehab?
- How much do you think it will be worth after the rehab?
Socotra Capital’s residential rehab loan program provides flexible terms for funding of up to 85 percent of the purchase and rehab costs of the project. We offer hard money loans starting at $100,000, with no prepayment penalty and no limit on the number of properties.
Socotra Capital is a private money lender providing residential rehab loans on residential and commercial properties nationwide since 2008.