A repositioning property loan, also known as a renovation loan, is a type of short-term loan that is designed to provide financing to real estate investors and developers who are looking to renovate a property.
These loans are typically used for residential properties,
although they can also be used for commercial properties.
These loans are secured by the property being renovated, and the loan terms are based on the property's value and borrower's creditworthiness.
The loan term can vary depending on the needs of the borrower and the project.
They offer real estate investors and developers a way to quickly:
At Syzygy Lending, we are committed to providing our clients with the best possible lending experience, and we are proud to offer our reposition property loan program to help them succeed in their real estate investments.
Contact us today to learn more about our loan options and to get started on your next reposition property project.