August 15, 2025
16 Aug 2025 · 1 min
0:55
Banks won't lend on after-repair value for rehab projects and drag out approval. Hard-money lenders underwrite on the property itself and close in 72 hours. Skip the W-2s and asset verification.
Banks won't lend on after-repair value for rehab projects and drag out approval. Hard-money lenders underwrite on the property itself and close in 72 hours. Skip the W-2s and asset verification.
So, you know, I've seen more deals blow up, fall out because the buyer couldn't get the money in time. If you're trying to go through a bank, a traditional retail bank, to get your funding because interest rates are low, you're going to be in a world of hurt. Number one, they will not lend on the rehab. They'll lend on the purchase and then they're going to make you put W-2s, pay stubs, other assets. I mean, it's red tape nightmare. And I've seen more deals at the 9th hour come to us because, hey, I only have a week and the bank is dragging their feet. What can we do? And this is why you want to use a hard money lender. We lend exclusively on the asset and on the after-repair valuation. We close all deals within 72 hours once we have everything we need. Go down there, subscribe, like, share, then go into that DM and say, I'm interested. We'll get together and we'll go over a game plan to grow and build your book of business. Talk to you soon.
