GarageCommerce - Free Business Listings and Classifieds

Palm Desert Capital

74090 EL Paseo, #200
Palm Desert, CA 92260

Business Categories

palmdesertcap01_thumbnail
Posted: 12/26/2014 4:31:24 AM
By: palmdesertcap01
Palm Desert, CA
Rehab Financing has many different names and is also known as private money, bridge lending, construction loans and sometimes hard money loans. The goal of a rehab loan is to provide access to acquire and repair distressed property. The terms of a hard money loan are different to that of conventional financing. Most loans have a six to twelve month term and come with interest only payments that have a balloon payment at the end of the loan's term. These loans are designed for real estate investors such as landlords or rehabbers to finance residential investment homes.