Khoshbin provides short-term hard money loans for real estate investors, specializing in Investor Rehab Lending on residential and commercial investment property. Using hard money for short term financing is easy, fast, and often the only viable financing for distressed properties.
Our underwriting is 48 hours from time of application and funding as fast as 5 business days!
If you feel you meet the criteria below then fill out the form to the right and someone will get back to you within 1 business day.
INVESTOR REHAB LOAN GUIDELINES
|LIEN POSITION||1st Deed of Trust only|
|LOAN PURPOSE||Commercial financing for the purchase, Refinance and rehab ofnon-owner occupied, investment properties|
|LOAN AMOUNTS||$300,000 to $3,000,000|
|PREFERRED MARKETS||Southern California|
|LOAN TERM||9 months, with the option for up to one 90-day extension|
|INTEREST RATE||10-14.5% (depending on Property and Loan to Value)|
|BORROWER CASH DOWN||As low as 30% of total project hard costs. Pricing is drivenPrimarily by Borrowers “skin in the game”|
|REHAB FINANCING||Up to 100% of approved costs, subject to 3rd party inspections; all workCompleted within 90-120 days from loan closing|
|LTV RATIOS||Up to 65% After Repair Value (“ARV”)|
|REPAYMENT||Interest paid monthly with balloon at maturity; no prepaymentPenalties|
|TIME TO FUND||5-10 business days|
|DUE DILIGENCE EXPENSES||Borrower responsible for all mutually agreed upon propertydue diligence costs (based on property type)|