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When Can I Refinance my property that is under Construction?
Discover methods for developers to refinance their properties.
Product
Asset View Capital
Date
July 6, 2023
Timeline
6 months
Service
Cash-out Refinance
Challenge
You can refinance your property that is under construction once the building phase is completed. Construction-to-permanent loans automatically convert to a mortgage with the same lender, while construction-only loans will need to be refinanced after the home is built.
Goal
Projects completed and inspected by contractors and city building officials.
Result
The completed project should match its ARV.
Partnership that builds value...
Conclusion
The value of such an investment property should be appreciated beyond its original purchase price.
