Hard Money Lenders Virginia – Hard Money Loans in VA
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Hard Money Lenders Virginia → http://rehabfinancial.com ✔
Discussing hard money lenders in Virginia, the real estate market in Virginia, and tips for real estate investors when looking into hard money loans or rehab loans.
Rehab Financial Group, LP is a rehab and private money lender, lending in PA, NY, DE, CT, & VA. We will finance 100% of the purchase price and rehab costs, up to 65% of the after repaired value.
Transcript:
“Rehab Financial Group is a lender that has made a significant number of loans in Virginia to rehabbers looking for loans to both purchase and rehab 1-4 family non-owner occupied investment properties. Our loans are very similar to hard money loans in that, frankly, they are expensive, but they’re priced to the risk and to the amount of time that is takes to underwrite and administer one of these loans. This is a market segment that a traditional bank will generally not touch, but they’re happy to refinance them once the properties are finished, can get certificates of occupant, or have tenants in them. There are a lot of similarities between hard money loans and the loans that Rehab Financial Group does which we prefer to call “private money rehab loans”. One of the biggest differences is that the hard money lender is really looking at the underlying collateral, or the piece of property that the borrower offers as security for the loan. Rehab Financial Group looks at both the borrower and the underlying piece of property to make sure that the borrower can afford that loan and that in Rehab Financial Group’s opinion, the borrower can make money from that property. Someone once said to me in a forum that if the private money lender won’t lend to you, you should really re-look at the deal because that fact is, you have to have enough spread between what it’s going to cost and what you believe you can sell the property for in order to make it a profitable business for you. In the end, it’s Rehab Financial Group’s goal that a borrower coming to us for a private money rehab loan, or a hard money loan in Virginia will be able to make significant profit on that property and will come back to RFG time after time for their rehab projects.”
For additional questions, please visit http://rehabfinancial.com or call 877-643-9066.
Thank you!
Lending in PA, NY, DE, VA, and CT.
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