Commonly called the BRRR Method, Northwest Private Lending’s Rehab & Refinance program allows the borrower to purchase distressed properties, make improvements, and ultimately refinance after finding tenants for rentals. We offer up to 80% of the borrowers’ purchase price. Once you have fixed up the property and have it rented out, we can work with you to get a long-term, low rate 30-year fixed mortgage.
Loan Origination Fee: 3 Points (min. $2,500)
Loan Document Fee: $650-850
Monthly Interest Rate: 1% per month
Monthly Payment: Interest Only
Loan Amount Range: $50,000 up to $2,000,000
Closing Costs: Paid by Borrower
Loan Closing: 3-5 Business Days
Loan Maturity: 1 month to 10 years
Property Appraisal: Not Required
Underwriting Fee: None
Pre-Payment Penalty: Never
Extension Fee: $0 on performing loans
Most of us would agree that investing in real estate is a great way to build wealth and create monthly cashflow…but have you ever wondered how professional real estate investors are able to purchase those “cash only” listings or take advantage of bank or tax foreclosure sales? How do they buy properties with built-in equity and create even more equity by fixing the property up? How do they utilize renters to pay off their loan in the long run? How do get money back out of the house so they can buy a 2nd, 3rd, or 10th investment property? Commonly referred to as the BRRRR Method, Northwest Private Lending specializes in helping clients Buy, Rehab, Rent, Refinance, and Repeat this process to build consistent income and wealth in real estate investment. To learn more about how to take advantage of our BRRRR loans click the video.