Need a funding sources that will accept broker for a client w 607 credit

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Need a funding sources that will accept broker for a client w 607 credit

William BrennanPro Member
Member since 2026 · 24 posts · 9 votes

Need rehab funding low arv mid construction rehab 607 fico

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  • LaTarence Dunbar
    Lender · Washington DC · Member since 2026 · 61 posts · 15 votes
    3d

    I may be able to help with the rehab funding, even with a 607 FICO and a lower ARV. I'm an investor and work with real estate financing opportunities. Feel free to DM me with the property location, current value/ARV, rehab budget, and amount you're looking to finance. Happy to connect and see if we can structure something that works.

    0Reply
  • Michael Eskenasy
    Investor · Pacific Northwest · Member since 2026 · 511 posts · 290 votes
    3d

    607 FICO by itself doesn’t kill a rehab deal. The bigger question is whether the deal is strong enough to carry the borrower.

    For a brokered rehab file, I’d package the thing around what an asset-based lender actually cares about: purchase price/current value, credible ARV, detailed rehab scope, total LTC/LTV, borrower liquidity, experience, timeline, and a believable exit. If those are clean, you’re not really shopping for somebody willing to “ignore” a 607 — you’re looking for a lender whose box is built around collateral and execution rather than pristine consumer credit.

    The mistake would be blasting the file to 20 lenders with “607 FICO, who can do it?” That makes a potentially financeable deal look weak before anyone sees the economics.

    William, if you’ve got the actual property numbers, post them. That’ll tell us a lot more than the credit score.

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    • William BrennanPro Member
      OP
      Member since 2026 · 24 posts · 9 votes
      14h

      Luna Pier, MI, Borrower has done many rehbas but as the contractor not as a flipper. He did flip 1 about a year ago. He owns several other properties that are waiting to be rehabbed but he wants to finish this one first. he owes 50K to a hard money lender and needs another 60K so total of about 110-120 on a property that a realtor told he he can list for 335K. Current as is value approx 200 k.

      0Reply
  • Stuart UdisPro Member
    Attorney · Philadelphia · Member since 2018 · 2k+ posts · 3k+ votes
    3d

    Mid construction will be more of an obstacle for most over the credit score because of mechanics lien risk.

    [email protected]
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  • Renard BrownPro Member
    Austin, TX · Member since 2026 · 27 posts · 3 votes
    14h

    Saw your post about the rehab project. We work with investors on rehab and bridge financing and may be able to help. Feel free to reach out if you’d like to chat about the deal.

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    • William BrennanPro Member
      OP
      Member since 2026 · 24 posts · 9 votes
      14h

      I'm an MLO with the Loan Factory. Will you work with a broker? Property is in Luna Pier, MI, Borrower has done many rehbas but as the contractor not as a flipper. He did flip 1 about a year ago. He owns several other properties that are waiting to be rehabbed but he wants to finish this one first. he owes 50K to a hard money lender and needs another 60K so total of about 110-120 on a property that a realtor told he he can list for 335K. Current as is value approx 200 k.

      0Reply
  • Brent ConradBusiness Member
    Lender · Mckinney, TX · Member since 2017 · 19 posts · 2 votes
    9h

    I don’t run credit at all! I wish it was in Texas. I could definitely look at it! Brent Conrad. CRLending.com

    CR LENDING LLC4.715 Reviews
    WebsiteView Page
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