Hard Money / Renovation

Invest in Hard Money / Renovations with Sun State Developments.

Subject to Rehab Loans

  • Non-owner occupied investment properties located in the United States.
  • Max 75% LTV of the After Repaired Value (ARV), max 90% of purchase and rehab (total cost).
  • Min 10% of total cost required from borrower as down payment.
  • Full appraisal, and home inspection including renovation costs and survey required.
  • Renovation money is escrowed for every loan.
  • Only first-position liens.
  • No second mortgage allowed.
  • Clear and marketable title required.
  • Properties are titled in corporate name.
  • Interest only monthly payments.
  • No pre-payment penalty.
  • Corp docs and operating agreement required.

AS-IS Investment Loans

  • Non-owner occupied investment properties located in the United States.
  • Full appraisal, home inspection and survey required.
  • Only first-position liens.
  • No second mortgage allowed.
  • Clear and marketable title required.
  • Properties are titled in corporate name.
  • Interest only monthly payments.
  • No pre-payment penalty.
  • Corp docs and operating agreement required.

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Contact Us Today: (352) 434-2562