Financing for real estate investors and builders in 47 states
Toledo · Savannah · Naples 833-391-6100
Refinance · 1–4 units

Rehab refinance loans for projects already underway.

Refinance a property mid-renovation or after completion, pay off existing debt, and fund the remaining rehab budget.

Program at a glance
$100K–$15M
Loan amounts
100%
Of standard rehab
75%
Max after-repair value
18 mo
Max term

What is a property and rehab loan?

A property and rehab loan refinances an investment property you already own and funds the renovation work that remains. It fits when a project outgrows its original financing, a loan is maturing, or you want to recover cash already spent on the rehab.

Loan sizer

What could your rehab deal borrow?

Uses program maximums by experience tier. No rates, no credit pull.

Renovation scope
Estimated maximum loan
$292,500
85% of purchase plus 100% of rehab
Loan to cost (max 90%)89%
Loan to ARV (max 75%)65%
Estimated cash into the deal
$37,500
Before closing costs and reserves.
Start a rehab application →

Estimate only. Final leverage depends on credit, appraisal, budget review and final approval. This is not a term sheet or a commitment to lend.

Program details

Rehab refinance terms and requirements

What it covers

  • Payoff of the existing loan
  • Remaining hard costs: construction and materials
  • Soft costs: permits, fees and carrying costs, where eligible
  • Interest reserve

Cost basis

  • Owned under 24 months: purchase price, completed work, remaining renovation and reserves
  • Owned over 24 months: as-is value, renovation costs and reserves

Leverage

  • Up to 100% of standard rehab
  • Up to 85% of extensive rehab for experienced borrowers
  • Up to 75% of after-repair value

Borrower

  • LLC, LP, trust or corporation
  • Credit from 660, varies by tier
  • Personal guarantee preferred
  • Business purpose, non-owner-occupied

What we will ask

  • Address and current vs. after-rehab specs
  • Payoff, purchase price, as-is value and ARV
  • Hard and soft costs spent and remaining
  • Term, exit strategy and closing date
Not eligible: mobile homes, cooperatives, commercial properties, condotels, working farms, ranches and vineyards. Not available in California, Nevada or South Dakota.
How it works

From first review to closing

01

Tell us about it

A short intake or a call. Progress saves as you go.

02

CPA-led underwriting

We analyze the numbers, structure and documents before anything moves forward.

03

Term sheet or placement

On select investor programs, qualifying deals receive a term sheet from us. Other financing is structured and presented to sources in our network.

04

Approval and closing

Final approval, appraisal, title and insurance through funding. Steps vary by program.

Questions

Rehab refinance FAQs

Does work I have already paid for count?+

If you have owned the property less than 24 months, completed work is part of your cost basis, so documented spend can support a larger loan.

What is the difference between standard and extensive rehab?+

Extensive rehab covers larger-scope projects. Lenders reserve it for borrowers with more completed projects, at up to 85% of the rehab budget.

What exit strategies do lenders accept?+

Selling the property or refinancing into a long-term loan, such as a DSCR rental loan, once renovation is complete.

Related

Let's talk about your next project.

Send us the details or call. Initial financing review typically within one business day for qualifying residential investment scenarios.