Is there a way to get a 100% financed? Does it all depend on the purchase price and afv? Maybe i need someone to explain the loan process and how the hard money is lend. Thanks
Rehab hard money is one of the last bastions for 100% financing for real estate investors left in the wake of the liquidity meltdown we are currently experiencing.
A rehab HML allows for 100% financing when the sum total of the purchase price + cost of repair + closing costs (and in some cases, monthly payments) doesn’t exceed the max. ARV (after repair value).
Does that answer your question?
Thank you. I understand.