Retrofit | Reposition | Rehab Loans
Access to Capital sometimes can be a monumental undertaking, and real estate investors and resourceful construction contractors have seen great opportunities in the housing renovation market. However, many banks and institutions have constricted their lending procedures, making it difficult for non-traditional projects to be funded or for borrowers with less-than-perfect credit to obtain funding.
Contractors have sought out alternative financing loans to meet short-term cash flow needs in order to rehabilitate housing stock. We provide funding for borrowers in unique and time-sensitive situations, with customized solutions that are not accessible through traditional lenders. And fills this need by facilitating short-term asset-backed commercial loans assisting borrowers with the purchase and renovation of commercial and residential rehabilitation projects.
The normal turnaround time for a loan is within thirty days, upon application completion and standard loan documentation. Our quick turn-around and fast closings mean you as the borrower can begin the retrofit project quickly. Loan decisions are based on the individual merits of each loan request and loans range in amounts from $500,000 to $50M, with higher loan amounts considered on a case-by-case basis.
Through the rehabilitation of projects, we are helping to improve the value of properties in the local neighborhoods. It is well known that one foreclosure can cause a 15% decrease in value of that neighborhood. Rehabilitation's projects generally show a 40% increase in value, which benefits not only the neighborhood, but the municipality as well.
One Call or a Quick Application is all it takes to get started.
Finrok Group USA Toll free: (877) 982-2744 or
(866) 496-1220 ext 240 Skype: Finrokgroup
Mike McCalla, Managing Director