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Finance the purchase and renovation of an investment property, then hold it as a long-term rental or refinance into permanent financing.
Program Highlights
Loan Amounts: $75,000 to $3,000,000
Minimum Credit Score: 640
Eligible properties include 1–4 unit residential homes and condos
Property must be located in a county with a population of 250,000 or more
Up to 90% Loan-to-Value (LTV)
100% financing available for the renovation budget
Up to 85% Loan-to-Cost (LTC)
Appraisal required for both the As-Is Value and After-Repair Value (ARV)
Exit strategy letter required (typically refinance into long-term financing)
Detailed renovation budget required
Required Documentation
Personal borrower documentation
Corporation/LLC documentation (if applicable)
Recent bank statements