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Equity Based Rental Rehab

Equity Based Mortgage Program for Investment and Rehab Projects

  • Residential Investment Property or Commercial Properties Only
  • A True Equity and Asset Based Program
  • Max 90% of Purchase and Rehab costs, minimum down 10% of Purchase and Rehab Costs
  • Max LTV 70% of the After Repaired Value of the property with credit score over 700.  Lower LTV for lower scores.
  • 12.99% Interest; 5.5% points origination (Minimum $5,000)
  • Interest only payments with 12 or 24 month balloon; no pre-payment penalty
  • 90 day Fix & Flip loan available: 12% Interest; 4% points origination ($4,500 Minimum)
  • Renovation money is escrowed for every loan to ensure success for all parties involved
  • Cash-out 60% LTV Max on free & clear property
  • Must have Down Payment, Closing Costs, 3 Months Reserves and 20% of Rehab Costs at time of close.
  • Commercial, Construction & Transactional loans available
  • Loans made to Newly Formed or Existing Businesses only. 


1st Rate Mortgage Services, LLC NMLS #216585
327 Dahlonega St., Suite 104 B, Cumming, GA  30040
Office:  (470) 839-8777
Copyright © 2018 1st Rate Mortgage Services, LLC
A Georgia Residential Mortgage Licensee #32549
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