# Major Renovation Financing Transform properties with financing designed for significant improvements.
## Renovation Loan Features
### Scope-Based Draws Funding released according to your renovation scope and completed phases, verified by independent inspection.
### Value-Add Underwriting Loans underwritten to the after-renovation value (ARV), maximizing your borrowing power based on the improved property.
### Bridge-to-Perm Start with a bridge loan during renovation, then seamlessly transition to permanent financing once stabilized.
### Up to 85% of Costs Finance up to 85% of total renovation costs, including acquisition and improvement expenses.
### Commercial & Residential Renovation financing for multi-family, office, retail, mixed-use, and large residential projects.
### Fast Approvals Streamlined process with dedicated renovation lending specialists who move quickly.
Major renovations typically involve structural changes, complete interior gut-outs, system replacements (HVAC, plumbing, electrical), or conversions from one use to another.
An appraiser evaluates the property based on your renovation plans and comparable completed projects in the area to estimate the post-renovation market value.
For residential properties, some programs allow it if the renovation is phased. For commercial properties, this generally does not apply.
We recommend building a 10-15% contingency into your budget. If costs exceed the original scope, we can discuss options for additional funding.
## Ready to Renovate? Get financing for your major renovation project.