Hard money is the easiest way to finance a rehab loan. Our rehab, or fix and flip, loans can be used to purchase a home, fix it up, then sell it or rent it out.
Unlike most lenders, we help fund the repair budget. When the loan is closed, an escrow account is set up for your loan. When a job is finished, have the subcontractor send us the bill and we'll pay them directly.
We are very involved in our fix and flip loans. We have been in this business for 35 years, so if you need consulting, we are here for you. We also love to see updated photos as the project is being done.
We do not do any $0 down rehab loans. Let us know how much money you have to put down, and we will let you know how we can help you.
|Loan To Value|| 75% of purchase price and 75% of repair budget
We do not do $0 down rehab loans.
|Loan Amounts||$40,000 - $2,000,000|
|Term||3 - 12 months|
|Points||2 - 6 points depending on length|
|Types of Collateral||Real estate only (residential, commercial, land); Additional security can vary|
|Location||MOSTLY IN UTAH|
|Closing Time||As quickly as 2 hours, provided title work is complete.|
|Appraisal||Not required. Property inspection by Capital Assets staff is usually required.|
|Credit||Credit is not a main qualifier for the loan. The majority of our decision is based on the assets involved|
|Liens||First liens only|
A program that is very popular among those who fix and flip as their main source of income is the 1+1 program. It's less expensive than anything else out there. No hard money lender can compete!
One point origination, due at closing.
One point interest due at the end of the month.
It's that simple!
Call us to learn more about this incredible program today! 801-269-9988