A Loan Now - Rehab Loans & Fix and Flip

Rehab Loans, Fix & Flip Loans!

If you are interested in purchasing properties that need rehab, we can help you. We provide rehab loans on the following type of properties:

Residential
Commercial
Apartment Multi Family
Mixed Use

Now is an exciting time in Real Estate. There are many opportunities to make good money by purchasing fixer homes at a discount then rehabbing them to either resell or to retain as rental properties. Call us with your scenario, or Apply Online for a quick and easy loan online.

We want to share with you ways to save money not only on the negotiation and purchase of your rehab property, but also on the financing. You can count on us to give you straight answers to the tough questions regarding your real estate financing needs.

Below are some broad details on what we allow for rehab loan qualification

Credit Scores: A+ credit to Bad Credit Loans, low Fico scores ok
Loan to Value: up to 70% of future value
Downpayment: 10% of purchase price and rehab costs
Loan Amounts: $50,000 to $10,000,000 *
Income Doc: Full, Alt Doc, Stated Income, NoDoc *
Loan Type: fixed rates, interest only
Loan Terms: 12-24 months
Time to Close: 7-14 days rush, 21-30 days standard
Bankruptcy: Recent or Open Bankruptcy ok *
Judgements/Tax Liens: only paid if they affect title *
States: California and New York only
*(certain programs, depends on credit score and loan to value)

Remember, although there are excellent opportunities to make large sums of money, rehabbing isn't for everyone. There are significant risks in rehabbing, but a good loan prequalification can help reveal potential problems, and hopefully clarify whether you will walk away from the rehabbed project with a profit. Good rehab financing is so critical. We look forward to helping you with your Rehab Loan

Good Credit? Bad Credit?

Even if you have bad credit, we still may be able to help you with the financing on your rehab project. With bad credit, we need compensating factors, like extra equity or down payment. Keep in mind, we can cross collateralize other property for the extra equity to make the rehab loan work. We have pretty flexible programs, and our loan terms are designed to keep as much of the rehab profit in your pocket.

Contact Us, Submit your Scenario

We have been financing real estate since 1991. We look forward to financing your dreams and goals.

Key

The below are key words to help you find our site:

We provide rehab loan programs on all property types.
Financing rehab loans since 1991.
We use private investors to fund our bad credit rehab mortgage projects.
Our rehab lenders consist of private investors and real estate investment funds.
We also provide rehab mortgages for commercial loans.
Rehab financing programs for stated income and alternative income borrowers.
With our stated income purchase loans we don't require tax returns.
If you have good credit our commercial purchase loan only require 10% downpayment.
Our rehab lender programs usually require a 10-20% downpayment, and a max of 60-65% of future value.
We still have subprime fixer loan for people with poor credit.
Fix and flip loan programs usually have 6-12 month terms.
Our fixup loan programs are very popular now.

As mentioned, the statements above are just intended to help people find our website.

Rehab Loans & Fix and Flip

Testimonies

M. Cohen, Los Angeles, CA
I can't thank you enough really. You were incredibly helpful, always answered my questions promptly, and were easily accessible. In fact, Rand, your service was probably better than any service I've received by any individual representing a company in years. I don't know how you manage to do it... Keep up the good work, and expect to hear from me next time I need loan services. Thank you VERY much, Matt.
R. Kerr, Angels Camp, CA
I must say, I was extremely happy with your service. Your dedication to getting me a loan far surpassed anyone I've worked with in the past. Your relentless search payed off for me and I think you for the effort. You're the pitbull of brokers. You were easy to deal with and never made me intimidated in the process. Your persistence really helped me to "dodge a bullet", so to speak and I'll be forever grateful.
S. Nixon, Los Angeles, CA
Thank you for helping to make our home buying process relatively easy and pleasant. We appreciated your patience and persistence. We would be pleased to recommend you to others.
E. Hernandez, Commack, NY
I want to thank you for all the work you did to get me this loan. You were honest, upfront, and always responded back when I had questions. I will refer you when ever someone is seeking a loan.

Success Stories

True Story #1 - Brian wanted to buy a rehab property to fix and flip

Brian is a contractor and saw a good deal on a fixer upper. He had an extra construction crew that he needed to keep busy until a couple bigger jobs opened up, so by purchasing this rehab property he could accomplish several things, keep his crew busy, and make some extra money after he fixed the rehab and flip it. More...

He had good credit so we closed a stated income heloc on his residence. Then we began the process of his stated income purchase loan for the non-owner rehab property. We arranged for the funding of the purchase and closed with no delay. His downpayment and improvement cost money all came from the heloc on his residence .

He purchased the rehab, we financed it, he sold the propery and made a good profit. He was very happy, the loan process was smooth and easy.

True Story #2 - Richard was 3/4 complete with construction, but out of money.

Richard called us in a panic. The lender he was using ran out of money while he was over half way through with the construction. He was stuck, his credit had become bad, so no other lender would help him. More...

We quickly reviewed his situation, he couldn't go full doc because he was a self employed contractor. His credit score was 564. Fortunately he did have equity in the project. It was a spec house on 40 acres in Northern California, unfortunately it was rural. He tried many lenders but none would help him because, incomplete construction, stated income, 564 fico, rural, etc...

We issued him a $300,000 new 1st mortgage, this loan had a 12 month term. The $300k fixed his problem real quick. Upon receiving the money, he started back on the project, and then began to market the house to sell. He is also looking for his next project and knows where to get his financing. www.aLoanNow.com

True Story #3 - Mary had a rental house with bad tenants

The tenants moved in and trashed the house, and it took her almost a year (while not receiving any rent) to evict them. More...

Because of the lack of rental income from the property, and because she was still required to make payments to the mortgage company, she was forced into foreclosure.

Mary was a good person, she just had bad luck. Her job was on the blink, her credit was bad because she received her paychecks sporadically, she didn't have any money to save this property from going into foreclosure and the property was severely damaged and looked horrible causing it to be virtually un-saleable.

Fortunately the property had equity and could be fixed at a reasonable cost. She had a handyman friend who owed her money and who agreed to fix the house providing she pay for all the materials, he agreed to do all the labor.

The house required two long bed trailers to haul all the previous tenants trash and mess out. The back roof needed to be replaced. The walls needed to be patched from baseball bat holes [from past tenants]. The house needed to be completely painted inside and out. The floor needed to be completely resurfaced with carpet and tiles. The patio needed a new roof, windows, floor, electrical wiring, lights, and indoor walling. All the appliances had been stolen. The yard needed to have the three foot long grass cut down and had to be re-landscaped and decorated. The garage looked like an airplane crash landed into it.

So you might say "was it worth it trying to help her?" YES, because this lady Mary needed money desperately to prevent her own residence from going into foreclosure, and this house was the only source of equity and income that could solve her problems.

To make matters worse, she requested my help only 10 days before the house was going to foreclosure sale.

YES, we helped her.

First, we issued her a second trust deed to pay all back payments current, in addition to allowing her sufficient money to purchase all the materials needed to repair the house.
Secondly, we held aside money from the loan in an escrow account to pay for the mortgage payments, insurance, and taxes until the house was sold.
Thirdly, we made arrangements to have the house sold.
Lastly, we found a buyer who we qualified to buy the house. The house was repaired sufficiently to allow for its sale. The buyer was happy to get such a nicely finished house.

Mary received a large sum of money from the sale thus saving her residence from foreclosure. After escrow closed on the rental property, her job conditions stabilized also. Everything worked out exactly the way it had to, even under the stringent time constraints.

Niche and Specialty programs

Stated Income/Verified Assets - We state your income [we don't verify income], we verify your assets [your bank acount, investments, 401k, IRA's to verify that you have cash reserves] underwriters like cash reserves, it shows you have the ability to save and assures the underwriter you have cash on hand to make future payments, if you have income problems.

Stated Income/Stated Assets - We state your income [we don't verify income], and we stated your assets [we don't verify your bank accounts, or investments, 401k, IRA's].

We look forward to helping you accomplish your real estate and finance dreams and goals.

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