How Do BRRRR Method Mortgage Loans Work?
Spartan Commercial Mortgage is your BRRRR Method Mortgage Loan Resource for Real Estate Investors. The BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat) is a foundational method for investors. Most Noteworthy, is that Spartan Commercial Mortgage offers the solutions to do a rehab loan on the property and then refinance the subject property. Furthermore, our rates and terms on a 30 year fixed commercial mortgage beat the competition.
The process is simple. First, borrowers identify a property. Secondly, Spartan Commercial Mortgage sets up your purchase/rehab loan. Third, the rehab process takens place (at which point you begin bringing in renters). Next, the refinance process begins for a cash out mortgage. Finally, borrowers then take the cashout funds and begin searching for their next property.
Overview of the Program
- 1-4 Units
- 100K – 2MM loan size
- During the rehab phase, the interest rate is interest only!
- 30 year fixed options available for long term financing
- Up to 90% LTV and 100% of the rehab costs are available in the first phase.
- 75% max LTV is available for the cash out refinance
- 650 min credit score
- Our rental property loan program must be done in a LLC or Corp
- Spartan Commercial Mortgage works with you every step of the way
We offer a free consultation and will work with you every step of the way to get your loan closed. Call us at the number below or click here for our online inquiry. We specialize in 1-4 unit rental property loans and are waiting for your call.
Thanks,
Michael Meyer
President Spartan Commercial Mortgage Services
mike@spartancommercialmortgage.com
(860) 876-0572