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Updated almost 9 years ago on . Most recent reply

Cyndi Price's profile image
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Cyndi Price
  • Investor
  • from Penn Valley, California
  • Member since Jun 13, 2016
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Cyndi Price's profile image
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Cyndi Price
  • Investor
  • from Penn Valley, California
  • Member since Jun 13, 2016
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Cyndi Price
  • Investor
  • Penn Valley, CA
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Creative Real Estate Financing

Rehab loan for > 4 units?

Cyndi Price
  • Investor
  • Penn Valley, CA
Posted
New here. The property is in Northern California - after inspections it was determined that a rehab loan is needed. $600k for property plus $150k estimate for rehab. 203k doesn't apply - what does? Private only? What are competitive loan terms? I want at least 10 year arm, preferably longer. Thank you!
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Dylan Vargas's profile image
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Dylan Vargas
  • Rental Property Investor
  • from Chico, CA
  • Member since Mar 21, 2016
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Dylan Vargas
  • Rental Property Investor
  • from Chico, CA
  • Member since Mar 21, 2016
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Dylan Vargas
  • Rental Property Investor
  • Chico, CA
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Dylan Vargas
  • Rental Property Investor
  • Chico, CA
Replied

@Cyndi Price..welcome Cyndi! Penn Valley is a nice area. Lake of the Pines, Grass Valley, Nevada City etc. I was surprised to see some lower house prices than a few years ago. (2010). Good luck to you.

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