Re: Rehab funding with 794 credit score.

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Posted by Amy on October 29, 2004 at 02:13:45:

In Reply to: Rehab funding with 794 credit score. posted by Mark on October 28, 2004 at 09:44:19:

Hi Mark,

You have quite a few options when it comes to rehab lending. There are lenders that specialize in such lending, and will work with real estate investors who do properties with 1-4 units. There are also commercial lenders, who do multi-family buildings with 5+ units, and also hard money lenders that will do bridge financing for construction.

Did you plan on selling the properties upon completion, or holding onto them? That would have a big impact on what type of lender to go to. You can email me at ach325@yahoo.com if you'd like me to help you structure a financing request. I have a background in commercial real estate analysis and I know what lenders look for, as well as how to prepare a submission package.

Amy Cheng
Mortgage Consultant

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