Residential REO Rehab Mortgage Financing Made Easy in the Twin Cities

 

Many real estate agents in the Twin Cities MN area and investors buying corporate owned home in Minneapolis / St Paul that are in need of repairs have expressed concerns about the current "Credit Crunch" and not being able to secure the non-Fannie Mae financing to acquire these properties.  My team listened to your concerns and worked with community banks to create two comprehensive mortgage solutions for those in need of commercial finance solutions for residential investment properties.

 

Solution One:

 

Purchase / Rehab / Rent (PRR) Mortgage solution

 

     * Purchase Price + Rehab / Construction Costs = X

          We facilitate loan amounts up to 100% of X with a saving account equal to or greater than 20% of X pledged to the lending bank instead of a 20% cash injection.

         

 

Solution Two:

 

Purchase / Rehab / Sell (PRS) Mortgage solution

 

* Purchase Price + Rehab / Construction Costs = X

          We facilitate loan amounts up to 80% of X.

 

Various end mortgage solutions are available. 

 

     We can facilitate the following:

          * Up to 10 Fannie Mae or Freddie Mac Mortgages per borrower (Residential Loans referred to Matt Bartlett of Summit Mortgage)

          * Individual commercial loans for each residential rental property

          * Commercial Blanket Loan over multiple residential rental homes

 

 

For more information please contact:

 

In the Minneapolis and St Paul, MN Metro all Rehab Mortgage Loan questions are being answered by Tim Jochim.  He is our experienced Rehab Construction Loan expert!

Tim Jochim 612-702-1111

612-578-9898

Minneapolis & St Paul, MN Metro and surrounding areas!!!

Learn more about commercial mortgage loan programs available in the Minneapolis & St Paul, MN Metro area that can help those looking to secure purchase rehab mortgage loans for properties that do not qualify for programs like private/hard money loans or the FHA 203K rehab mortgage loan.