New Construction
A specialty program for the advanced Investor
Whatever your goal is as a Real Estate Investor, First Rehab Lending is a great resource for those who are looking to build a long lasting, professional relationship. Knowledge, guidance and years of experience – It is an essential piece to partner with a reliable fund that has the ability to close deals quickly and seamlessly, in efforts to help our borrowers leverage, allowing them to increase their volume. Our incredible staff is always available to insure our clients have the best possible experience while accomplishing their projects.
Locations: New York
Seasoned Investors with a proven track record of 3+
Property types: 1 – 4 Family
Loan Term: 12 – 24 Months
Loan Size: $250,000 – $2.5M
LTV: Up to 75% of Construction / Property Free & Clear
Interest Only Rate 10% – 12%
Origination Fee: 2 – 3%
No Pre – Pay Penalty
| Loan Term: | 12-24 Months – No pre-pay penalty |
| LTV: | Up to 75% of acquisition and 100% of construction |
| LTC: | Capped at 85% |
| ARV: | 70% |
| Interest Rate | 10%-12% Interest Only |
| Origination fee | 2-3% |
| Property Types | Single family, Multi-family and Mixed Use |
| Loan Size | $250,000 – $2.5M |