Updated about 5 years ago on . Most recent reply
Financing options: mid-renovation fourplex
Came across a fourplex that is being sold mid renovation. Demolition and framing is complete and according to the seller's agent, it's being sold because the seller is going through a divorce and moving to another state so he is trying to drop some of his projects. While I try to validate that story and confirm there aren't any legal or permit issues, was wondering if anyone has experience financing a deal like this. I would eventually like to refinance it into non-owner occupied conventional loan but would any banks finance it right now in "non-inhabitable" condition?