Investor Rehab Funding

About Investor Rehab Funding

Investor Rehab Funding is hard money lender headquartered in Atlanta, GA. They provide loans in 40 states throughout the US. They offer fix-and-flip hard money loans, private refinancing, investment property loans, and new construction loans. Their lending parameters are versatile, including terms up to 1 year and loan amounts starting from $75,000 with a maximum LTV of 75%. They will consider varying loan scenarios but generally focus on single family and multi family.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, New Construction Loans, Refinance / Cash Out Loans

Property Types Covered: Single Family, Multi Family

Areas Served: AK, AL, AR, CO, CT, DC, DE, FL, GA, HI, IA, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, NC, NE, NH, NJ, NM, OH, OK, OR, PA, RI, SC, TN, TX, VA, WA, WI, WV, WY

Lending Guidelines for Investor Rehab Funding

Below are the general loan guidelines published on the Investor Rehab Funding website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Investor Rehab Funding.

Loan Example 1

Investor Rehab Funding issues a fix and flip loan to Helen for a rehab project in Houston, TX, on a house that is listed for $310,000. Since the lender agrees to a 65% loan-to-value, Helen will have to put 35% down so the amount of the loan will be $201,500. The loan also has these features: 1) a 18 month length, 2) a 9% interest-only note, and 3) a one point origination fee.

Accordingly, Helen will have to contribute a $108,500 down payment plus pay a $2,015 origination fee. she must then pay $1,511 per month to Investor Rehab Funding. At the expiration of the note, she sells the rehabed house for $403,000. After subtracting the $27,203 in interest expenses ($1,511 multiplied times 18 months), the $2,015 origination fee, the $201,500 principle amount on the note, and the $108,500 she brought to the closing, she will make a total profit of $63,783 ($403,000 price minus $339,218 in total costs). This amount would then be reduced by any building costs paid by the borrow.

Loan Example 2

Guy locates a house in Houston, TX to rehab and re-sell. Since he does not have enough cash to buy the property outright, he takes a fix and flip loan from Investor Rehab Funding with the following parameters:

$310,000 sales price
50% loan-to-value (LTV)
6 month term
12% rate of interest
3% origination fee

If Guy achieves his goal of a $465,000 sales price, the numbers of the project would be as follows:

$465,000 sales price
- $155,000 principle (50% LTV)
- $155,000 down payment (50% on 50% LTV)
- $4,650 origination points (3% of the $155,000 principle)
- $9,300 interest payments (6 months x 12% interest)
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= $141,050 gross profit (doesn't include taxes or renovation costs)

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