Yes — unlike many renovation loans, the Luminate Bank Interim Renovation Loan permits tear-down and rebuild projects with escrowed draws and a refinance or sale exit.
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Renovation Loans
Luminate Bank Interim Renovation Loan
Can I Tear Down and Rebuild?
Yes. Unlike many renovation loan programs, the Interim Construction Loan permits tear-down and rebuild projects.
Many permanent renovation products limit how far you can go — especially when the existing structure must come down. The Luminate Bank Interim Renovation Loan matrix explicitly allows tear-down and rebuild, alongside structural repairs, foundation work, and other major scopes.
Because the product is a short-term interim construction loan, it fits projects that need full rebuild timelines, frequent draws (up to two per month), and a clear exit into permanent financing or sale once the new home is complete.
Ryan and Steve help you line up permits, GC selection, draw schedule, and permanent take-out qualification so a tear-down/rebuild does not stall between demolition and certificate of occupancy.
Same interim mechanics as other major rehabs — with more emphasis on permits, inspections, and construction timeline.
Related Luminate Bank Interim Renovation Loan guides and renovation programs to compare before you apply.
Ryan & Steve will review your demolition plan, rebuild budget, and permanent take-out 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.