Let’s assume this is a rehab deal – either a single family or a small multi

ARV=                                        $300,000

X 70%                                      $210,000  (max loan amount)

less rehab cost                        $  80,000

= $ we fund at purchase         $130,000

If your purchase price is $155,000, we will fund $130,000 at purchase and $80,000 in rehab costs in draws in arrears of construction. 

This is subject to minimum down payment requirements of 15-20%.

If your deal doesn’t fit these parameters, call us anyway.

 

Loans in Massachusetts and New Hampshire only, you must take title in an entity.