rehabfinancial.com Are there additional fees that come along with rehab loans? What about title company fees, transfer tax, and points? Learn how a rehab loan is structured with RFG. Rehab loans can be used by real estate investors to finance the purchase and renovation costs of a property. Rehab Financial Group, LP is a rehab and private money lender, lending in PA, NY, DE, CT, & VA. We will finance 100% of the purchase price and rehab costs, up to 65% of the after repaired value. Transcript “What other expenses are involved in the closing? Well, as we have discussed earlier, you do pay the appraiser and the inspector to come out and value the property. We will set that up, but Rehab Financial Group has no financial interest in that. You pay those professionals directly, so those expenses would have to be accrued and again those amounts will vary depending the location of the property, whether it’s a 1-family, whether it’s a 4-family, and the complexity of the work that needs to be done there. Also at closing, there are other 3rd parties that are paid, such as the title company for closing the loan, for title insurance, notary fees, transfer taxes, prorated property taxes – those are all things that are not part of our RFG’s fee structure and are really determined by the title company and paid for by the borrower at the time of closing, in addition to RFG’s fees. What’s the reason you order an appraisal and an inspection? Well the appraisal is really the foundation on …
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