Are you looking for an old property that can be improved and updated for a more modern feel? If you want to roll the purchase price of a property and price of repairs into a single loan product, a rehab home loan could be your best option for financing. At Red Rock Capital, we offer private financing for real estate investment and can close quickly. Also, generally offer the highest loan amounts to accommodate your project and have ample left over liquidity for working capital or future deals.
Red Rock Capital has emerged as one of the leading national rehab loan lenders to assist real estate investors. We combine all your investment mortgage under one roof and can help streamline multiple loans that you obtain from our office. We understand the complexities of real estate deals and the time sensitive nature of securing new real estate contracts.
What Is A Rehab Loan?
While other rehab lenders are free to define a property loan according to their terms and conditions, for Red Rock Capital rehab loans offers private financing products tailored to suit the needs of real estate investors. Our robust loan programs allow most investors multiple options when qualifying for a loan with our office.
How Does A Residential Rehab Loan Program Work?
At Red Rock Capital, we are continuously trying to evolve our rehab home loan programs to accommodate the needs of all real estate investors. We offer a loan product that combines both the money needed for property acquisition along with the money needed for property repairs and improvements. Also, depending upon your investment real estate holdings, we can sometimes tailor a short-term loan product to suit your needs. With our rehab home loan products, you will get the acquisition funds and repair money needed to increase the property’s value.
Eligibility For A Rehab Loan?
Rehab loan lenders are free to determine their requirements for loan qualifying. Often some competitors have stringent credit requirements or large down payments required. Private financiers have the flexibility to write their terms and conditions. However, most investors that choose to work with Red Rock Capital because their qualifying is straight forward, they can close fast, and offer competitive terms. Our company goal is to provide financing to as many real estate investors as possible around the country. We only need collateral to secure our loan.
Red Rock Capital Advantage
1. Quick Process
In real estate investment, a buyer that can close quick and with few contingencies is typically the one that goes under contract with a seller. Red Rock Capital’s residential rehab loan can close quickly and with very few and simple contingencies. We’ve been in business since 2003 and intrinsically understand that time is money when it comes to real estate investment. Red Rock Capital assures you of a quick loan process so you can move ahead with your investment plans.
2. Freedom
Red Rock Capital provides freedom to obtain your rehab home loan and receive the improvement draws on your timeframe, not ours. You contact our office when you are ready for an inspection draw report to obtain a draw of funds based on the improvements completed to the property. Its that easy. Obtain your additional improvement funds in a few days, not weeks.