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All Forum Posts by: Leisy Bartumeut

Leisy Bartumeut has started 1 posts and replied 2 times.

Rehabbing & House Flipping

Post: Financing options to finish a half renovated home in brooklyn NY

Leisy BartumeutPosted
  • Posts 2
  • Votes 1

Hi Eric - There is a first mortgage on the property already (has equity but hard to tap given renovations)

1 Vote
New York City, New York
Rehabbing & House Flipping

Post: Financing options to finish a half renovated home in brooklyn NY

Leisy BartumeutPosted
  • Posts 2
  • Votes 1

I own a home in williamsburg NY that needs about $700K to finish a renovation.  Long story short had contractors did a bad job (we're in a lawsuit) and now considering selling the home (halfway through renovations - would need to sell to investor at discount) or figure out financing to finish it.  I've tried a home equity line but banks don't want to lend since it's still halfway through construction.  What would be other financing options I could try?  

0 Votes
New York City, New York