REHAB (FIX & FLIP) LOANS

HBS Finance offers short term, interim, fix and flip financing with flexible terms designed to fit the unique needs of investors who are purchasing distressed properties; foreclosures, short sales and real-estate-owned (REOs) or bank-owned.

The amount or size of the loan and loan term are determined based on quality of the property, location of the property and credit worthiness of the borrower. Even though the borrower’s credit is considered but it is not the most important factor; typically, the loan qualification is based mostly on the collateral value.

Highlights of Program

Depending upon the Collateral and Loan Structure
LTV up to 65%
Loan Terms up to 12 months
Reserves 50% of rehab costs and 6 months payments
All rehab work must be fully completed within 90 days of funding

For more information, please visit www.HBSFunding.com or contact us at (310) 356-6500

Loan assumptions - Loan amount $1,000,000, 65% LTV, 1.35 DSCR, 750+ FICO, 1% loan origination fee, no cash-out refinance, full documentation and Los Angeles, CA property.

*Rates as of 06/03/2019 - Loan programs, rates, terms and conditions are subject to change without any notice. Rates are not an offer for an extension of credit and are not a commitment to lend.

Apartment Loans, Commercial Loans, Multifamily Loans, SBA Loans, Construction Loans, Church Loans, Medical Practice Loans, Hard Money Loans, Bridge Loans, Rehab Loans

No Full Appraisal Program

CONVENTIONAL LENDING

EQUITY BASED LENDING

PRE-QUALIFICATION QUOTE

REHAB (FIX & FLIP) LOANS