Agree Capital Corp

Repair and Rehabilitation Mortgage Loans

We lend Rehabilitation, Renovation, and Repair Mortgage Money, combined with a Purchase Money Mortgage, or a Refinance Mortgage Loan.

• The Rehabilitation/Repair Money part of the loan usually receives the same low interest rate as the entire long term fixed rate mortgage. 

• Repairs and Deferred Maintenance Loan:

The Repair or Deferred Maintenance Mortgage Loan Program will provide money for Minor to Intermediate Repairs, subject to certain limitations. The entire Purchase or Refinance Mortgage can equate to 85%+ mortgage financing. If the loan is for a Purchase Transaction, we may be able to lend up to 85% of loan plan approved closing costs too.

We will also lend Substantial Rehabilitation Mortgage Money, combined with a Purchase Money Mortgage or Refinance Mortgage Loan. 

• Substantial Rehabilitation Loan:

Our Substantial Rehabilitation Loan Program can provide loan money for up to 90% of the "As Is" Property Value Plus 90% of the Rehabilitation Expense. This Program is designed for Rehabilitation/Repair money greater than 15% of the property's value. Money can even be loaned for gut rehabilitation or renovation of entire existing buildings, or extensions to buildings.

 

Important: If Borrower already owns the land, Owner-Borrower may use the equity in the land to provide the borrower's 10% contribuition to the construction cost. We can then increase our loan amount and lend up to 100% of the Rehabilitation Expense.

 

 

• Deferred Maintenance Repairs - Combined Loan Amounts:

$1,000,000 to $100,000,000 +   (Exception needed for loans less than $2,000,000)

• Rehabilitation and New Construction Mortgage Financing - Combined Loan Amounts:
   

$2,000,000 to $100,000,000 +

• Combined Loan Terms:
   

Deferred Maintenance Repairs - Maximum Term is 35 Years

 

Rehabiliitation or New Construction - Maximum Term = Construction Period + 40 Years

 

Loans are Fixed Rate, Fully Amortized. No Balloon Payments.

 

Contact Us for Answers to your questions and recommendations for accomplishing your plans:

a. Our Opinion as to the probability of a profit, based upon the numbers you provide us with (If you want it).  

c. A Current Rate Quote, and a lending team with 30 years mortgage lending experience for property investors and business owners.