95 Percent LTC Rehab Loan

Fico: 680 +

Loan Terms: 12-18 months interest only

Loan Size: $150,000+

Max LTC: 90% of purchase price and 100% of rehab not to exceed 95% of the total deal cost (purchase price plus rehab budget).

Interest Rate: 11-13%

Lender Points: 2-4 points

Property Types: 1-4 unit investment properties. Standard commercial properties also considered.

Pre-Payment Penalty: No PPP

Use of Funds: Ground up construction and rehab loans.

Cash Requirements: Borrower must have $20k minimum cash in the deal & needs to have cash reserves of 6.5% of the total deal cost in order for the lender to close.

Lending Territory: Connecticut, Florida, Maryland, Massachusetts, New York, New Jersey, Pennsylvania, Virginia & D.C.

Closing Time Frame: 14 business days

Appraisal Cost: $450-$600 per property

Exit Strategy: The Exit strategy for the borrower must be a sale for this loan product.


The borrower must have completed 6 deals in the past 2 years (bought and sold) to qualify for this program. The lender will ask for the Hud-1’s to prove it. No GAP funders. Down payment and reserves must be from the guarantor.