Yes. Rehab loans are approved based on borrower experience in completing past rehab projects, and the subject property potential for future value, as determined by an after-repair value appraisal. A long term refinance loan on rent-ready property on the other hand, whether rate/term or cash out, is determined and qualified based on the established as-is value appraisal.
Please call us at 877.451.1641 to discuss your options.