Rehab Wallet

Lexington, SC·Nationwide

Rehab Wallet offers Fix & Flip Loans, First Flip Funding, Bridge Loans, Land and Manufactured Home Loans, General Contractor Loans, New Construction Loans, and Flat-Fee Same-Day Transactional Funding.

Rehab Wallet describing itself

Loan programs

Bridge

Maximum leverage

Max LTV 75%Max LTC 100%Max ARV 75%Max LTP 75%

Ground-Up Construction

$500K

Term

12 mo

Maximum leverage

Max LTV 75%Max LTC 75%Max ARV 75%Max LTCV 75%

Fix & Flip

Maximum leverage

Max LTV 75%Max LTC 100%Max ARV 75%Max LTP 100%

Land & Lot

Maximum leverage

Max LTV 75%Max LTC 100%Max ARV 75%

Also offers— no published terms

Commercial DSCR / Long-Term Rental Fix to Rent (BRRRR)Multifamily Rental Portfolio / Blanket Transactional Funding

Terms & qualification

Typical loan size: $50K – $15M
Typical term: 4 mo – 12 mo
Interest rate: 12% – 15%
Origination / points: 1% to 3%
Minimum FICO: 400
Lien position: 1st
Prepayment penalty: none
Payment structure: Interest Only
Recourse: Always
Closing speed: 7 days typical · 10 days fastest
Cross-collateral: Yes
Equity / JV capital: No
Income documentation: Bank Statements, Loan Application
Borrower entity: LLC, Limited Partnership, Trust, Corporation

Property types

2–4 Unit Residential Senior Care / Assisted Living Mobile / Manufactured Mixed-Use Multifamily (5+)Single-Family (SFR)Retail Land & Lots

Lending footprint

Not reported.