Having Financial Issues with Renovation?

Robert came in wanting to finish an addition to his house. After being previously denied by two other financial institutions, Bob came to me looking for an answer. His main concern was finishing up with parts of this addition that currently had exposed wiring and unsafe living conditions. In quick response, I was able to structure a refinance situation that allowed Bob to finish building the addition for his home.

The problem that Bob was facing with other lenders was the current state of his home. None of the people he spoke with her ability to look past the current condition to find a solution. It is common that when a home is in disrepair that lenders usually want to steer clear. Not me. I want to find a solution. In Bob’s case, the solution was a renovation loan. We put the funds needed to complete the renovations into escrow and closed the loan with the home in its current condition. Bob has since finished the renovations and is living happily in his newly renovated home! If you are having issues financing a renovation or don’t know where to start with it, let’s have a conversation.