Rehabilitation Loans

Are you looking to purchase a new home in need of repairs or just need a little more space in your current home?  A rehabilitation loan with Mlend provides a convenient way to combine the cost of a major rennovation with your long term home financing.

A rehabilitation loan streamlines the financing process for completing a major renovation. The renovation funds are disbursed as your project proceeds and then convert to permanent financing.  This eliminates the need to qualify for a second loan for long term home financing and spares you from a second set of closing costs.

• bases financing on the final appraised value of the property after construction is completed
• saves you time and money by combining all financing into a single loan
• provides flexible construction periods