BRRRR loans in WichitaWe fund the buy and the rehab. You rent it, refinance, and do it again.
Prairie Stone Lending provides short-term financing for the buy-and-rehab phase of a BRRRR in the Wichita area: up to 70% of after-repair value, covering as much as 100% of purchase and rehab. When the property is rented, you refinance into long-term debt and pay us off.
Where we fit in the BRRRR
BRRRR stands for buy, rehab, rent, refinance, repeat. We cover the first two steps so your own cash stays free.
Buy
We fund the purchase at closing.
Rehab
Rehab money is released in draws as you finish work.
Rent
You place a tenant.
Refinance
Your long-term lender pays off our loan.
Repeat
Send us the next one.
Why investors use us for the front half
Banks and DSCR lenders usually won't finance a distressed property before it's fixed and rented. We will, and we close fast enough to win the deal.
- Loan amount
- Up to 70% of after-repair value
- Covers
- Up to 100% of purchase and rehab
- Credit and income
- No minimum score, no income verification
- Payoff
- From your refinance, requested in the client portal
- Rate and term
- Check my deal
BRRRR loan questions
What is a BRRRR loan?
A short-term loan that covers buying and rehabbing a rental property. Once the property is fixed and rented, you refinance into a long-term mortgage and pay the short-term loan off.
Do I need a refinance lender lined up?
It helps to know your exit, but it isn't required to apply. Tell us your plan and we'll factor it into the pre-approval.
Can I get a BRRRR loan without W-2 income?
Yes. We don't verify income or require a minimum credit score. Our loans are 100% asset-based.
How do I pay off the loan when I refinance?
Request a payoff from your client portal and we'll send it to your title company for closing.