Rental Rehab Loans
Typical Terms
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- Up to 75% loan-to-after-repair-value
- Up to 90% loan-to-cost, with a minimum 10% cash at closing
- 12% interest rate
- 2.5% origination fee ($3,500 minimum)
- $1,295 admin fee
- 12-month term with two 6-month extensions available
Process and Execution
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- No junk fees
- No appraisals-internal valuations completed in 1-2 business days
- No draw fees-internal construction draw management
- No third-party inspections
- No prepayment penalty
- Loan decisions as quick as 2 business days
- Extension fees: 0.50% if deferred or 0.40% if paid when extending
- Financing interest reserves may be available (subject to LTV/LTC)
Typical Terms
-
- Up to 75% loan-to-after-repair-value
- Up to 90% loan-to-cost, with a minimum 10% cash at closing
- 12% interest rate
- 2.5% origination fee ($3,500 minimum)
- $1,295 admin fee
- 12-month term with two 6-month extensions available
Process and Execution
-
- No junk fees
- No appraisals-internal valuations completed in 1-2 business days
- No draw fees-internal construction draw management
- No third-party inspections
- No prepayment penalty
- Loan decisions as quick as 2 business days
- Extension fees: 0.50% if deferred or 0.40% if paid when extending
- Financing interest reserves may be available (subject to LTV/LTC)
Creative Investor Add-Ons
Equity Unlock Loan Program
Borrowers with multiple properties or significant real estate equity may be able to cross collateralize assets to reduce or eliminate cash required at closing, subject to underwriting, collateral quality, and overall risk profile.
Cash-Out Rental Loan Program
An additional holdback may be structured to reimburse some or all of the borrower’s cash invested once the rehab is complete, an appraisal is obtained, and the refinance lender has approved takeout financing. Loan fees apply only to funds when they are advanced. Commonly used for BRRRR strategies to bypass conventional seasoning requirements.
Land Division Loan Program
An additional holdback may be available to reimburse approved costs related to land divisions on improved residential property, subject to city or county approval. Often used in fix and flip or rental rehab projects where excess land can be divided to create added value and future development potential.
Rental Rehab Loan Underwriting at Cetan Funds
Our underwriting process is designed to be practical, fast, and focused on the property, project, and long-term hold strategy.
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- Borrower information, including background, experience, and track record
- Property details, including description, photos, and purchase contract
- Project details, including plans, budgets, timelines, and exit strategy
- Personal Financial Snapshot
- Real Estate Schedule, if applicable
- Three months of recent bank statements
- Credit check. Minimum 540 FICO. Waivers may be available
- Express underwriting available for up to 3–5 loans or 1.5 million for qualified borrowers
- No income verification required
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Recently Funded Rental Rehab Projects
How Does a Rental Rehab Loan Work?
Rental rehab loans for long-term real estate investors
A rental rehab loan is a short-term financing solution designed for real estate investors purchasing, renovating, and stabilizing residential properties intended for long-term rental holds. These loans are commonly used to acquire distressed or value-add properties that require improvements before being placed into service as rental housing.
Rental rehab loans provide fast, flexible capital so investors can acquire properties quickly, complete renovations, and prepare the property for tenants. Once the property is stabilized and leased, the loan is typically repaid through permanent financing with a traditional lender.
At a high level, a rental rehab loan allows an investor to:
- Acquire a residential investment property
- Complete renovations to improve condition and rental income
- Stabilize the property with tenants
- Refinance into long-term financing and repay the rehab loan
When structured properly, rental rehab loans are an effective tool for building long-term rental portfolios and executing buy-and-hold investment strategies.
Are you looking for a rental rehab loan from a lender you can trust?
Working with Cetan Funds
How a rental rehab loan works at Cetan Funds
At Cetan Funds, the entire lending process is handled in-house. This allows us to be fast, flexible, and directly involved from initial inquiry through underwriting, funding, and project execution.
Underwriting decisions are typically made within 2 business days, and funding can occur as quickly as 7 days. As a direct private lender managing our own capital, we make all underwriting and funding decisions internally. We do not broker or sell our loans, and there are no outside approval layers.
Cetan Funds is capitalized by pooled private equity from accredited investors. Loans are held in our portfolio rather than sold after closing. This structure provides stability and consistency for borrowers and avoids reliance on secondary markets or institutional funding sources.
As a local Oregon-based lender, we focus on long-term relationships with professional investors. Many borrowers use our rental rehab loans repeatedly as they acquire and improve additional rental properties over time.
Our goal is to support sustainable, long-term real estate investing by providing reliable short-term financing that bridges projects to permanent financing.
Are you looking for a rental rehab loan for your Oregon real estate investment property?
Leveraging Your Hard Money Rental Rehab Loan
Experience that supports long-term investment strategies
The Cetan Funds team brings more than 60 years of combined lending and real estate development experience. That experience informs how we evaluate rental properties, renovation scope, stabilization plans, and refinance strategies.
During the initial conversation, we focus on understanding the property, the rehab plan, projected rents, and the intended long-term financing takeout. We provide practical feedback on structure, timing, and execution based on real-world experience.
Our involvement does not end at closing. We remain engaged throughout the project, monitoring progress and working with borrowers as needed if timelines, budgets, or scope change. Flexibility is built into our rental rehab loan structures because renovation and lease-up periods can vary.
The objective is clear: renovate the property, stabilize rental income, refinance into long-term financing, and continue building wealth through real estate.
CONTACT US
Start your inquiry by filling out our contact form or call us directly at (458) 215-3200.