Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Gut Rehabilitation Project
Fannie Mae
Updated 10-31-2026
Gut Rehabilitation Project
A project that has been developed by rehabilitating an existing building and creating individual units. The building is stripped down to its shell and, as rehabilitated, contains all new mechanical equipment including heating, exhaust, insulation, roofing, plumbing, and electrical. Individual units and common areas have new interiors, fixtures, appliances, and flooring.
Fannie Mae Glossary of Terms
Fannie Mae · p. 20
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