Hard money rehab lenders like SFR Ventures Inc. closely examine your projected budget. Be precise. Make sure you understand how much each portion of the renovation will cost. When you calculate your budget, include a line for contingency money. Contingency money is extra funding for emergencies, cost overruns, and unexpected repairs. Because construction and rehab projects rarely go according to plan, your lender expects you to budget for unexpected setbacks.
Look for a Specialty Lender
If you want your project to succeed, you need a lender who understands the rehab process and the local real estate market. SFR Ventures Inc. specializes in large loan amounts for clients in the San Francisco Bay Area and throughout Northern California. We have the necessary experience and creativity to structure our loans to fit your situation. We are able to offer loans from $400,000 to upwards of over 3 million dollars. We often lend up to 65% of the ARV or After Renovated Value of your property.
Our team is ready to help you with your loan needs. We frequently check out properties within 48 hours of a loan application. We have readily available funding, and wait-free approvals.
SFR Ventures Inc. is located and headquartered in Northern California, but we do lend throughout the state. If you feel that a rehab or renovation loan is right for you or if you have any additional questions, call Beau Eckstein at 925-852-8261 or visit SFR Ventures Inc. on the internet at http://reiloanpro.com.