Rehab to Permanent Transition
Because of the short term of your acquisition loan, our program also includes locating a permanent loan for you. If you elect to sell the property, we can also find favorable financing for your buyer. Before we make a loan to you, we want to be sure you can refinance the loan when renovations are complete. When we take an application for a loan, we also begin to make arrangements for you to obtain a permanent loan.
After we close our bridge loan, and while you’re working on renovations, we’ll work on obtaining a permanent loan for you. Using the information we’ve already gathered from the appraisal, credit report, etc., we are able to process the application quickly and efficiently.
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