Updated almost 10 years ago on . Most recent reply
85% LTV rehab loan?
We recently bought a new house and moved out of our old house, leaving it vacant. We're having a hard time making the numbers work selling it as is. If we were able to put 10-15k into it (paint, trim, carpet, small outside stuff), the numbers look much better.
We currently have about 25% equity, and haven't been able to find anyone that offers anything over 75% LTV. The time line is minimal.
Can anyone recommend a lender that'll do a small rehab loan?