The ARV, or After Repair Value, is the value of a property in need of rehabilitation once the rehabilitation has been accomplished and the property is ready for market in its improved condition. This acronym is used most often by real estate investors and hard money lenders involved in the fix and flip end of the real estate business.
Loan Terms
Application Fee
This is an up-front fee that some brokers and lenders charge to accept an loan application. It may or may not be applied to third-party costs such as a property appraisal or legal fees, and it may or may not be refundable if the lender declines the loan or the borrower refuses to accept the loan.
