According to ZINC Financial, these days more investors are applying for real estate rehab loans, or loans made to investors and collateralized against the quick-sale value of the property for which the loan is made. Also known as a real estate hard money loan, lenders often structure a rehab loan based on a 60 to 70% loan-to-value (LTV) ratio — the amount the lender can expect to get from the sale of a property within one to four months of default. ZINC launched its Investor Rehab Program, which provides investors with a possible seven-day submission process, in anticipation of increased demand of rea; estate rehab loans throughout 2009 and into 2010. RealtyTrac, the real-estate data provider, has anticipated that real estate foreclosures will peak in 2010.
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