Looking for a Socal lender with reno loan experience

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Looking for a Socal lender with reno loan experience

Jon Schwartz
Realtor · Los Angeles, CA · Member since 2018 · 952 posts · 1k+ votes

Hi BP!

I'm looking for a lender in Socal who has experience completing 203K and HomeStyle loans. Many lenders offer these, but few have closed more than one or two, if any. If you're one of the few with meaningful reno loan experience, please get in touch!

Thanks so much!

Jon

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  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2y

    Yea these are very challenging loans to do, so I would not be surprised if the lenders you have spoke to only have closed a couple. Is there a reason why you are looking to get this style of financing?

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
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  • Jon Schwartz
    OP
    Realtor · Los Angeles, CA · Member since 2018 · 952 posts · 1k+ votes
    2y
    Quote from @Erik Estrada:

    Yea these are very challenging loans to do, so I would not be surprised if the lenders you have spoke to only have closed a couple. Is there a reason why you are looking to get this style of financing?


    The reason is to finance the purchase and renovation of a currently uninhabitable home.

    0Reply
  • Erik EstradaBusiness Member
    Lender · Member since 2022 · 6k+ posts · 1k+ votes
    2y
    Quote from @Jon Schwartz:
    Quote from @Erik Estrada:

    Yea these are very challenging loans to do, so I would not be surprised if the lenders you have spoke to only have closed a couple. Is there a reason why you are looking to get this style of financing?


    The reason is to finance the purchase and renovation of a currently uninhabitable home.


    Why is it uninhabitable? What needs to be completed? 

    [email protected]818-269-7983
    LuxePrivate Investments LLC 572 Reviews
    WebsiteView Page
    0Reply
  • Jon Schwartz
    OP
    Realtor · Los Angeles, CA · Member since 2018 · 952 posts · 1k+ votes
    2y
    Quote from @Erik Estrada:
    Quote from @Jon Schwartz:
    Quote from @Erik Estrada:

    Yea these are very challenging loans to do, so I would not be surprised if the lenders you have spoke to only have closed a couple. Is there a reason why you are looking to get this style of financing?


    The reason is to finance the purchase and renovation of a currently uninhabitable home.


    Why is it uninhabitable? What needs to be completed? 

    I haven't identified the property, but we're considering properties that are unlikely to be lendable because of holes in the walls and/or ceilings, mold, severe wood deterioration, and/or fire damage.
    0Reply
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