A renovation loan lets a buyer finance the purchase and the work together, which is how a property nobody else will touch becomes the one you get. The catch is that the bank needs a contractor who can hold up their end.
We have executed 203K construction loans with plenty of customers and their banks, and we work with condo associations and private investors as regular clients.
You'll hear back to walk through the property and the scope, usually the same business day.
Need us sooner? Call (860) 743-2556
The common thread is a property that needs real money spent on it before it is worth what it will be worth.
The house is priced low because it needs everything. A renovation loan is how the work gets paid for without cash on hand for both.
A property that will not clear a standard mortgage in its current condition. The renovation is the thing that makes the deal financeable.
Buy, renovate, hold or sell. We do this on our own properties, so the numbers conversation is one we can actually have with you.
Boards funding work across a building or a complex, where the scope has to be defensible to the whole association.
You already own it and want the renovation rolled into the financing rather than paid out of pocket.
You found the right house in the wrong condition. Somebody has to make the scope and the lender agree, and that is the part we do.
A renovation loan puts the contractor inside the bank's process, and that is exactly why so many crews turn the work down. Here is what the lender is actually asking of us.
Detailed, written, and priced in a form the lender will approve. Vague numbers do not clear underwriting.
What was approved is what gets built. Changes mid-project are the fastest way to stall a draw.
Payment comes in stages as work is completed and inspected, not up front. The contractor has to be able to float that.
Each stage gets inspected before the next draw releases. Missed inspections stop the money and the schedule together.
Licensing, insurance, and documentation the lender needs on file before anything starts. Ours is current and it stays that way.
A half-finished renovation loan is a problem for everybody. The job gets closed out so the property can be occupied, sold, or rented.
Matt Longo is an accredited investor who builds for private investors and condo associations and has completed five flips averaging $200,000 in renovation budget. When you are running the numbers on a deal, that is not a conversation he is having for the first time.
$1.2 million in sales in 2025, with single projects managed up to $550,000. Scale matters here because a draw schedule means carrying the work before getting paid for it.
We are not lenders and we do not place loans. What we do is the part the lender needs from the contractor, and we have done it with plenty of banks already.
Properties bought in rough shape and rebuilt to sell or rent. Photos and full scope on each one.
Bought distressed as-is in 2023 and sold turnkey in 2025 after a full gut.
See the projectEmpty fifteen years, rebuilt as two rentable units with a bath added.
See the projectVacant close to eight years in the center of town, brought back to code.
See the projectWe work a thirty mile circle out of Gales Ferry, which is also where we buy. We know what these towns rent for and what they sell for, because we own property in them.
If you are looking at something out here and want a read on what it needs before you commit, that conversation is free.
Sitting just outside the line? Ask anyway. The answer is usually yes.