For 1-4 unit investment and Commercial Properties
A commercial real estate loan on a property needing renovations. Most of the time these properties are vacant, but not always. These loans can be for 1-4 Unit investment properties and pure commercial properties (Ex. Strip Mall, Self-Storage facility, Multi Family Building 5+ units).
If a property does NOT need any Rehab, you would not apply for a rehab loan, but rather a Bridge Loan (quick close, vacant property, short term financing) or a Permanent Financing Loan (stabilized property, long-term financing)