Purchase and Rehab & Bridge
Maximize Your ROI with Reliable purchase and rehab or Bridge Financing
Equus Purchase & Rehab Loans
Do you need a short-term loan so you can purchase and rehab a house? Our Purchase and Rehab Loan allows you to purchase a property under market value, rehab it, and then re-sell it as quickly as possible. Typically, a 1-year term with no pre-payment penalty enables investors to maximize returns on quick flips. Larger rehab project? Don’t sweat it: we offer 2-year purchase and rehab options as well.
- Close quickly to compete with cash buyers
- Purchase and refinance loans up to 80% LTV
- Finance renovation and construction costs (CLTV not to exceed 90% of ARV)
- Stated-income only
- Interest rates based on recent investment experience and credit
- Interest-only payments
From start to finish, we’ve got you covered.
Equus Bridge Loans
Our Bridge Loans provide short-term financing to "bridge" the gap between now and when you sell the property. Or, interim financing for the investor who’s eventually pursuing conventional financing. An added plus, it gives you the time and opportunity to increase your FICO or improve your DTI.
- Stated income and no DTI requirement
- No minimum FICO requirement, no minimum DSCR requirement on a 1-year term
- No prepayment penalty on a 1-year term
- 2-year term flexibility for various projects
- Quicker valuation process
- Close quickly; 7-10 business days on average
- Interest-only payments
- Up to 80% LTV
