Yes. Investment properties are eligible. Qualified investors may finance the purchase or refinance of an investment property along with extensive renovation costs, subject to the program's loan-to-value and underwriting requirements.
The Luminate Bank Interim Renovation Loan is available for primary residences, second homes, and investment properties. That means qualified investors can use the same short-term, interest-only structure for rental rehabs, flips, and value-add projects — not only owner-occupied renovations.
Investors typically finance purchase or refinance of the investment property plus renovation costs in one interim note. Funds are escrowed and released through draws as work progresses. When construction is complete, the loan is paid off by sale or permanent refinance.
Ryan and Steve review investor credit, LTV, reserves, property type, and exit strategy so you know how the interim product stacks against DSCR or other investment financing options.
Same product family as owner-occupied interim financing — with investment-specific LTV and underwriting.
Investment purchases and refinances commonly cap at 75% LTV up to $1.5 million — plan equity and cash to close accordingly.
Expect roughly 700 for conforming amounts and 720 when the loan exceeds conforming limits.
Borrowers must qualify for permanent financing at 1% above the market rate during underwriting of the interim loan.
If you want to perform work yourself, the matrix allows DIY on investment properties when the borrower is licensed — otherwise use a qualified general contractor.
Standard 1-unit investment homes undergoing major renovation or fix-and-flip scopes of $50,000 or more.
Eligible 2–4 unit investment properties may qualify when they meet program property guidelines.
Modular construction can be eligible when underwriting and property standards are met.
Best suited for large rehabs and flips where you sell or refinance once work is complete — not light cosmetic turnovers under the repair minimum.
Related Luminate Bank Interim Renovation Loan guides and renovation programs to compare before you apply.
Renovation/Fix & Flip is an eligible use for investor projects.
Single-family, modular, manufactured, and 2–4 unit investment properties.
Structural, non-structural, pools, remediation, and more.
Tear-down and rebuild projects allowed under this interim program.
Full program overview, LTV grids, draw schedule, and best uses.
Compare interim construction with permanent renovation programs.
Yes. Investment properties are eligible. Qualified investors may finance the purchase or refinance of an investment property along with extensive renovation costs, subject to the program's loan-to-value and underwriting requirements.
Minimum credit score requirements are generally 700 for conforming loan amounts and 720 for loan amounts above conforming limits.
Investment property LTV is typically up to 75% for purchase or refinance up to $1.5 million, subject to credit, property type, and underwriting.
Generally renovations must be completed by qualified contractors. The program permits licensed borrowers to perform work themselves on eligible investment properties.
Ryan & Steve will review your investment property, LTV, and renovation scope 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.