Commercial Rehab Construction Loans for Minneapolis REO Rehab Investors

Rehab Loans are a great way to buy investment reo properties in the Minneapolis and St Paul Metro area.


How they work:

Purchase + Construction costs = X

Rehab loans require a 20% down payment of X

This means that 80% of all costs are financed

These loans do require proof of repayment and credit scores of a 620 FICO or better


Many investors and agents do not qualify for the most populiar rehab loan called the FHA 203K. It is a common mistake made that people think the only way to buy these great bank owned properties is cash if they can not get the FHA 203K loan or other conventional mortgage programs.

This is not TRUE!!!

Qualified borrowers can buy using commercial rehab construction loans. Both for buying to fix and sell or buying to fix and rent.

If you or a client of yours would like to learn more about these great loan programs do not hesitate to contact me.


Dax Dickson
Owner
The Commercial Finance Store, LLC.
612-578-9898