Hi, I was hoping to get some advice. My wife and I are planning on doing a big home renovation to our existing home in NY. We are also expecting a baby this summer and would like to get to work ASAP. Ideally we could get a loan based on the After Renovation Value so we can take the large sum of 250k for the renovation. I know there are some conventional banks that do these types of loans and roll them into a refinanced mortgage once the construction is complete.
Are there any hard money lenders that would be available to do something similar to front the construction loan? Like I said the importance of time is a major factor here, and the sooner we can start the better. We have our contractor and construction plans all lined up.
Thank you!
John
