Salem Renovation Loan
AIC’s client acquired this property from a bank through an auction website. AIC regularly works with clients who purchase properties through www.auction.com, www.hubzu.com and www.xome.com and can help you navigate through their closing structures. This distressed, bank-owned property had been vandalized and was in need of major repairs. As with most of our rehab or fix-and-flip projects, AIC looks at the entire project costs (acquisition plus estimated remodeling costs) and will determine quickly how to help. AIC generally lends up to 65% loan-to-value ratio based on a Realtor’s comparative market analysis (CMA). AIC does not require appraisals and recognizes our value in being able to close quickly. Our rehab loans can generally close in a week or less, on a case-by-case basis. If you are looking into a rehab or fix-and-flip project, take a look at our flip profit calculator to see how the numbers will pencil out. AIC and our clients have had fantastic success in the Salem market and really like Marion County properties.