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Updated over 4 years ago,

User Stats

6
Posts
1
Votes
Simran Ludher
  • Real Estate Investor
  • Aldie, VA
1
Votes |
6
Posts

Financing options: mid-renovation fourplex

Simran Ludher
  • Real Estate Investor
  • Aldie, VA
Posted

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? 

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