Arizona Private Money Lender for Home Rehab and Remodel Loans
Fixing and flipping a property may seem like a simple concept where you buy, remodel, and sell, but there’s much more to it. You have to find the right deal, the right contractor, the right financing, a decision on what to repair, make sure all the repairs are made, value the property, and then sell it. If you want nice profits from remodeling a rehab property, you need to do things right. Many people hate the idea of redoing the interior, moving walls, or adding square feet to add value, but you can make a significant profit with determination and if you get the right financing.
Getting a loan from banks may involve a complex process, not forgetting the frustrations of being denied the much-needed financing. If you’ve found a property that you think is worth investing in but feel overwhelmed by the amount of remodeling or repair required, Capital Fund 1 is your trusted private money lender. Our major remodel-addition loans allow you to roll the costs of upgrades or repair into the loan that you need to buy and remodel a distressed property.
At Capital Fund 1, we make major remodel financing as seamless as can be. In fact, we prefer to think of remodeling from a diverse perspective; it’s truly an incremental type of investment that will bring with it significant returns for you. Our financing programs cover all major remodel needs. So, whether you are looking to revamp a residential or commercial property to rent or sell, we can get it financed without the burden of upfront costs. Benefits of our home remodel loans include:
- Simplicity: Requires one application and one closing
- One Loan: The loan covers the purchase amount, as well as renovation costs without taking out multiple loans
- Faster Finish: Remodeling work commences once funding or closing is complete
With Capital Fund 1 major remodel and addition loans, you can borrow up to the value of the property, plus the repair costs. Some of the projects that qualify include:
- Foundation or other structural repairs
- Major remodeling projects that necessitate structural changes
- New constructions such as extensions and additional rooms
- Improvements or repairs that take over six months
With our loans, you’ll be able to merge the purchase price of the property and the cost of upgrades or repair into a single loan. We offer a maximum of 80% Loan to Total Project Cost and to qualify for rehab financing the remodel budget must be at least $50,000.
With Capital Fund 1 financing, you’ll be equipped to avoid lots of the hassles, travel time, and calls that come with conventional financing. We serve the Phoenix area, including, Chandler, Scottsdale, Mesa, Peoria, and Glendale, Tucson, as well as Northern Arizona.