Financing
Lines of credit, hard money, refinancing, and leverage.
4 termsTerm
Line of Credit (LOC)
A revolving credit facility used to fund property acquisitions and rehabs.
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Refinance (Refi)
Replacing short-term acquisition debt with a long-term mortgage based on the improved value.
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Loan-to-Value Ratio (LTV)
The loan amount as a percentage of the property's appraised value.
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Hard Money Loan
A short-term, high-interest loan backed by the property, not your credit.
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