In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
Non-structural renovations
Borrowers may be able to avoid taking out a Construction Loan if their proposed improvements don't affect the supporting structure of the dwelling, this is considered a non-structural renovation. This distinction is important because changes that impact the structural integrity of the property often require a specialized loan like a Construction Loan.
If the improvements are cosmetic or non-structural in nature, such as painting, flooring, kitchen upgrades, or bathroom renovations, borrowers may be able to finance these projects through other types of loans. These loans use the equity in the home as collateral and may have more straightforward application processes than construction.
Any internal or external load-bearing component of a building that is essential to the stability of a building, or any part of it.
Learn MoreNon-structural items include things like doors, cabinet sets, flooring, trim, windows and other finishing materials. In contrast, structural deconstruction requires more integral components of a building, like load-bearing walls, to be systematically dismantled.
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