Loan Term
Standard loan duration
12 Months
18 months for 2-4 Unit Properties
Loan Limits
Min and max loan amounts
$100,000 - $5M
See matrix for specific limits
LTV/LTC
Maximum ratios
90%/90%
Varies by program
Program Overview
Key features of the rehab loan program
Interest Only Payments
Standard
No Minimum Interest
Feature
Contingency Required
10%
Max Contractor Fee
15%
Introduction
Program purpose and scope
The G1 Group Financial Inc's. Commercial Division ("THE G1 GROUP" or "Company") originates business loans to credit worthy, professional investors that acquire and rehabilitate residential properties. The following guidelines outline underwriting procedures for the Rehab Product offered by THE G1 GROUP. This document is intended to serve only as a guideline and reflects current lending product requirements, which may be altered at any time without prior notice.
Rehab Eligibility Criteria
Key requirements for eligible rehab projects
Eligible Projects
- Property is structurally sound as it sits
- No changes to property footprint or square footage
- No removal of exterior walls or roof structure
- No removal of load bearing internal walls
- No significant demo, mechanical, plumbing or electrical work
Ineligible Projects
- New or mid-construction properties
- Properties not structurally sound
- Adding a detached ADU or additional units
- Adding an additional story
- Properties with extensive damage (fire or water)
Quick Tip
All rehab projects must begin within 90 days of closing and be completed within the initial term of the loan.
Budget Allocation
Typical rehab budget breakdown
Program Comparison
LTV/LTC by program