EASTSIDE FUNDING Rehab Loan

For investors looking to purchase, renovate, and resell properties for a profit. 

Rehab Loan Key Features

Interest-Only Draws

Our rehab loans function as a back-filled line of credit, and you only pay interest on the funds you draw. This keeps your monthly payments lower while you move forward with renovations.

Easy Online Draw Requests

Draw funds on your schedule with our online platform. No in-person paperwork, just fast digital access so your project never slows down.

Streamlined Process

Whether you’re doing a cosmetic fixer or tackling a multi-phase project, our rehab loans are structured to meet your exact needs. We understand construction timelines and budget flow, and we’re here to help you stay on track.

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After

About Rehab Loans

Keep your project moving with our Rehab Loan Program. Designed for investors focused on property renovations, this loan provides the flexibility of a back-filled line of credit, allowing you to pay interest only on the funds you draw. This keeps carrying costs low while ensuring you have the capital to complete each stage of your project. Submitting a draw request is quick and simple through our online platform, so you can access funds when you need them. Whether you’re tackling a full-scale rehab or making strategic improvements, our financing helps you stay on track and on budget from start to finish.

Our rehab loan is a private rehabilitation loan, which means no government red tape, no required contractor lists, and no appraisal delays. Unlike FHA 203k or conventional rehab loan programs, there are no lengthy underwriting timelines holding up your project. Our approval process is simple, and in most cases we can get you funded within 2–3 business days. We lend throughout Washington State, with a strong focus on the greater Seattle area including Kirkland, Bellevue, and Redmond.

Built for Real Estate Investors

From distressed single-family homes and duplexes to properties picked up at foreclosure auction, our rehab loan is structured around how investors actually work. We provide the capital you need to acquire and renovate properties with ease. Our fast funding and flexible loan terms help you move quickly in a competitive market, ensuring you never miss an opportunity.

We’ve financed thousands of residential rehab projects across the Pacific Northwest and understand the realities of renovation work. Contractor schedules shift, scopes evolve, and timelines don’t always go to plan. Our loan structure and draw process are flexible enough to keep pace with your project as conditions change. For investors rehabbing properties purchased at auction, our program works alongside our sister platform, Vestus, to support you from acquisition through renovation and resale.

How Our Rehab Loan Works

Our rehab loan separates acquisition and renovation funding into two separate loans, structured as a back-filled line of credit. You purchase the property using the acquisition portion, then submit draw requests through our online platform as each phase of the renovation is completed. You only pay interest on the funds you’ve actually drawn, not the full loan amount, which keeps your monthly carrying costs low throughout the life of the project. Once renovations are complete, you sell the property or refinance into a long-term loan to pay off the balance.

This structure gives you control over how and when your capital is deployed. You’re not paying to hold funds you haven’t used yet, and you’re not waiting on a lender to release draws on their schedule. Our draw process is simple, handled entirely online, and built to move at the pace of your project. Note: Our loans are set up for two draws. Each additional draw may incur a $300 draw fee.

Rehab Loan Requirements

Our rehab loan is available to real estate investors purchasing non-owner-occupied properties in Washington State. To get started, you’ll generally need:

An investment property in Washington State
A clear scope of work and renovation budget, put together using our SOW form
A defined exit strategy, whether that’s a resale or a refinance into a long-term hold
Real estate investment experience is helpful but not required for every loan size

We don’t require an appraisal or inspections to get started. If you have a property in mind and a plan for the renovation, we can typically get you an answer within 24 to 48 hours and funded shortly after. Our team works with first-time rehabbers and experienced portfolio investors alike.