The Carnoske Team

I work with a number of Investors here in Tulsa and have done some remodeling myself. First, to answer your question more directly; I would think that you would have no problem getting that type of loan as long as you had the cash to make the repairs. Talking to smaller banks and outlining your plan can be key. In the past I have obtained construction loans or rehab loans in order to make the repairs needed and then putting the loan into permanent financing with a lower fixed rate. I have a couple of banks in mind if you would like to discuss how to approach them, I would be more than willing to share my knowledge. Good luck with the Rehab! I have referenced my Twitter account below because I think you can find a number of Mortgage experts on there to pose that question to - as a matter of fact, I am going to do that right now. - Mon Jun 15 2009, 20:07