Yes — finance purchase price and renovation costs in one Luminate Bank Interim Renovation Loan. Minimum $50,000 repairs, up to $1.5M first lien.
Buy and Renovate With an Interim Construction Loan | The 2 Mortgage Guys
Yes — finance purchase price and renovation costs in one Luminate Bank Interim Renovation Loan. Minimum $50,000 repairs, up to $1.5M first lien.
Can I Buy and Renovate With an Interim Construction Loan?
One Loan for the Property and the Rehab
At a Glance
Purchase LTV by Scenario
What Happens After You Buy
Keep Exploring
Frequently Asked Questions
Ready to Buy and Renovate in One Loan?
Yes. The program allows you to finance both the purchase price of the property and the renovation costs in one short-term construction loan.
When you buy a property that needs major work, the Luminate Bank Interim Renovation Loan combines acquisition and renovation into a single short-term note. You close once, fund the purchase, and escrow renovation dollars for draw releases as your contractor completes the scope.
This structure is especially useful for fixer-upper listings, fix-and-flip acquisitions, and properties where the renovation budget exceeds $50,000 — the program minimum. Unlike paying cash for repairs after closing, the interim loan sizes the total project upfront.
Ryan and Steve help you structure the purchase offer, renovation budget, and exit plan — refinance or sale — before you commit to an interim construction loan.
Maximum loan-to-value varies by occupancy and loan amount tier.
Related Luminate Bank Interim Renovation Loan guides and renovation programs to compare before you apply.
Ryan & Steve will structure your purchase, renovation budget, and exit plan against Luminate Bank Interim Renovation Loan guidelines.
All loans are subject to credit and property approval. Luminate Bank Interim Renovation Loan program guidelines, LTV limits, loan amounts, and pricing are subject to change without notice and may not be available in all areas. This is not an offer to enter into an agreement. Information is for educational purposes only and is not a commitment to lend.