Rehab-Only Loans — Fund the Renovation, Not the Purchase
Already own the property or bringing your own purchase capital? Finance just the renovation, draw funds as the work gets done, and keep your project on schedule. Asset-based, no income verification.
What is a rehab-only loan?
A rehab-only loan finances just the renovation of a property you already own or control — not the purchase. It's built for investors who already have the property secured and simply need capital to complete the work. The rehab budget is released through construction draws as milestones are finished, so you can add value to an asset without refinancing the whole thing.
Because it's asset-based, ECM underwrites the property and the scope of work rather than your personal income — which means no income verification and a fast path to funding.
Benefits
- Finance only what you need — capital for the renovation, without refinancing the entire property.
- Fast draws — rehab funds released quickly as work is completed, so your project never stalls.
- Asset-based — no tax returns, W-2s, or personal income verification.
- Add value fast — renovate to raise the property's value, rent, or resale price.
- Common-sense underwriting — clear terms within one business day from active investors who get it.
- Nationwide — investor lending across the country.
How rehab draws work
Rather than releasing the full rehab budget up front, funds come as draws — reimbursements tied to completed stages of the renovation (demo, mechanicals, finishes, and so on). Each draw is released after the work is verified, protecting both you and the lender and keeping holding costs low.
Rehab-only vs. fix and flip
If you also need to finance the purchase of the property, our fix and flip loans cover up to 100% of purchase and rehab. Planning to hold and rent after the work? Look at a DSCR rental loan as your exit. See all loan programs.
Rehab loan FAQs
What is a rehab-only loan?
A rehab-only loan finances just the renovation of a property you already own or control, rather than the purchase. The rehab budget is released through construction draws as work is completed, so you can improve a property without refinancing the entire asset.
How is a rehab-only loan different from a fix and flip loan?
A fix and flip loan finances both the purchase and the rehab of a property. A rehab-only loan finances just the renovation — ideal when you already own the property or are bringing your own purchase capital and only need funds for the work.
Do I need income verification for a rehab loan?
No. ECM's rehab loans are asset-based and underwritten on the property and the scope of work rather than personal income. There is no income verification required.
How are rehab funds released?
Rehab funds are released through draws — reimbursements tied to completed stages of the renovation. ECM's fast draw process keeps your project moving so crews stay on schedule.
Ready to fund your renovation?
Send us the property and scope of work — get competitive rehab terms within one business day.