Real Estate Rehabilitation Loans
WADOT Pricing and Terms
While all projects are different, this is an example of typical real estate rehabilitation loan rates and terms.
- Term - Typically 1 to 2 years, interest only payments
- Rate - Typically 10.5% to 12.9%
- Fee is based on contract term
- 4% for 24 months
- 3.5% for 12 months
- 3% for 6 months
- $310 document review fee, $475 underwriting fee, $250 - $350 inspection fee, $24 UCC filing fee, and $50 tax service fee for 24 month loan terms only.
- No upfront fees
- Borrower responsible for all broker and/or 3rd party fees/costs
Real Estate Rehabilitation Loans
Real estate rehabilitation is an exciting and important contribution to communities everywhere.
We help individuals and companies take advantage of opportunities to profit while revitalizing properties and neighborhoods.
Speed, security, and expertise are our hallmarks. While many financial institutions are just beginning to embrace the real estate rehabilitation market, we at WADOT have the experience to help you make the most of today's fix and flip financing opportunities.
Talk to us about your real estate rehab plans, and learn how our dedicated staff can get you the money you need quickly, with the industry’s best terms.
Nobody is faster.
Nobody will take better
care of you than WADOT.
Benefits of Financing With WADOT
- No credit requirements
- No income requirements
- No restrictions on property types
- No prepayment penalty
- Fast assessment of collateral
- Funding often within 48 hours
- Dedicated and professional staff
- Excellent financing rates
- No upfront fees
The Advantages of WADOT Financing
WADOT Capital Inc. is primarily a “Loan to Value” or “LTV”-driven lender. As a hard money lender, we provide financing to companies and individuals based on collateral, not credit or income. And unlike other financial institutions we never penalize or charge additional fees for early payment of your commercial real estate loan.
Our requirements are simple, and funding for projects arrives quickly to help take advantage of time-sensitive opportunities. Discuss your real estate rehabilitation plans with one of our dedicated professionals to learn about the opportunities available for fix and flip loans today.
Property Types Financed with Rehab Loans
Most properties financed by a real estate rehabilitation loans are single family homes. We can also provide financing for the rehab of all types of property- from multi family dwellings to commercial spaces. If you have a vision for a remodeled property, talk to WADOT.
Where We Work
WADOT lends throughout Washington, Oregon and Idaho. Our Northwest focus means we've built strong partnerships and a deep understanding of our region. While rehab loans often go to urban areas, we pride ourselves on our extensive knowledge of the rural areas of each state as well.
Property rehab loans benefit the community by revitalizing existing structures. We help individuals and businesses with attractive and easy financing options for those looking for rehab construction loans. If you are looking for construction or rehabilitation financing in Washington, Oregon, or Idaho, contact WADOT. We call these places home, and we want to work to support the progress of each of these states through rehab construction loans and real estate lending.
Property Condition
No one understands better than WADOT that the condition of the property you purchase has little bearing on its potential for future profit. We are often able to provide real estate rehabilitation loans for property in any condition of disrepair. You have a vision of what that property can become - we can help you make it a reality.
Rehab Real Estate Loans For Investors
We offer real estate rehabilitation loans to investors planning to sell rehabilitated property for a profit.
If this describes you, get in touch with WADOT today. We provide fast and easy financing.
$225,000 Rehab Loan in Seattle, WA
Rehab construction loan on a three bedroom, two bath, 1,740 sq ft single family residence in West Seattle. Use of funds included finishing a basement, which added livable square footage.