Updated almost 16 years ago on . Most recent reply
Rehabb Financing
I'm considering the purchase of a home that has been gutted and ready for someone to take over and make it new again. I have experience in this type of work, and would like to do my first rehabb and sell. Are there any lenders out there still funding these types of projects? What should I plan on when I do my financial analysis on this property for the lending terms? I'm pulling comps, figuring the costs, and now need the lending side such as cash down, interest payments, etc..
Thank you,
Brian