Borrowers generally have 15 months from closing to complete renovations on the Luminate Bank Interim Renovation Loan, with a 12-month interest-only product.
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Renovation Loans
Luminate Bank Interim Renovation Loan
How Long to Complete?
Borrowers generally have 15 months from closing to complete the renovation project.
The Luminate Bank Interim Renovation Loan gives borrowers a defined construction window: generally 15 months from closing to complete the renovation project. That timeline covers major rehabs, fix-and-flip scopes, tear-down/rebuild, and other eligible work funded through escrowed draws.
Separately, the eligible loan product is a 12-month interest-only interim loan. Plan both clocks together — interest-only carrying costs and the construction completion deadline — before you lock a GC schedule.
Ryan and Steve reverse-engineer your permanent refinance or sale exit from the 15-month window so the project and take-out financing stay aligned.
Build permits, draws, and your exit refinance or sale into the same calendar.
Related Luminate Bank Interim Renovation Loan guides and renovation programs to compare before you apply.
Ryan & Steve will stress-test your GC timeline, draw plan, and permanent take-out against the Luminate Bank Interim Renovation Loan window.
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.