Rehab Financial Group

About Rehab Financial Group

Rehab Financial Group is hard money lender based in Rosemont, PA. They offer loans in 15 states across the US. They offer lending solutions for a variety of scenarios, including fix and flip loans, short term loans, and investment property loans. They provide loan amounts ranging from $50,000 to $2,000,000 with a maximum LTV of 65%, terms between 6 months and 12 months, and rates starting at 11.9% . They require their borrowers to have a minimum FICO rating of 620 to receive a loan. The focus of their lending is for single family homes and multi-family.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family

Areas Served: CO, CT, DE, FL, GA, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VA

Lending Guidelines for Rehab Financial Group

Below are the general loan guidelines published on the Rehab Financial Group 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 Rehab Financial Group.

Loan Example 1

Rehab Financial Group makes a private money loan to Juanita for a rehab project in Brooklyn, NY, on a property that costs $180,000. The lender agrees to write a note with a 75% loan-to-value (LTV) so they will loan $135,000 on the project. The loan also has these features: 1) a 6 month length, 2) a 12% interest-only note, and 3) a four point origination fee.

In accordance with the parameters of the loan, Juanita will have to pay a $5,400 origination fee plus 25% of the sales price, or $45,000, based on the 75% LTV. The monthly interest-only payments will then total $1,350 to Rehab Financial Group. If Juanita meets her goal of a $261,000 total sales price when the loan term expires, she would earn a gross profit of $67,500 after repaying the principle and subtracting the money she paid at closing, the origination points, and the monthly interest payments.

Loan Example 2

Fern finds a duplex in Brooklyn, NY to renovate and resell. Since she does not have enough cash to buy the property outright, she takes a fix and flip loan from Rehab Financial Group with the following parameters:

$290,000 sales price
60% loan-to-value (LTV)
6 month term
12% interest rate
2% origination fee

If Fern achieves her goal of a $420,500 sales price, the outcome of the deal will be as follows:

$420,500 sales price
- $174,000 principle on note (60% LTV)
- $116,000 down payment (40% on 60% LTV)
- $3,480 origination points (2% of the $174,000 principle amount)
- $10,440 total interest paid (6 months x 12% interest)
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= $116,580 gross profit (does not include taxes or rehab costs)