Your Source for Renovation Loans
Offering more types of Renovation loans than most local lenders
The Financing for Renovation Loans can be quite complex. You will find a strong commitment from me and my team to help you with each step of the process pertaining to your Renovation Loan or any other type of mortgage loan. Whether as a buyer or home owner planning a Chicago renovation or a Realtor, as a Chicago Renovation Lending Professional, I’m here to help. My strength is making it easier to understand and navigate. Click the links below for Buyers or Realtors to get started.
Rehab loans on 1 to 4 unit residential properties for fix/flip or lease & hold.
No requirement for owners to occupy.
No need for Hard Money lenders with high rates/fees.
For Veterans with rehab dollars added into the same VA loan with no down payment.
2 – 4 Unit
Owner occupied with a 49% / 51% split of commercial and residential square footage.
No need for Commercial loans & funds can be added to rehab residential spaces.
Up to $1.5M for single family owner occupied
Renovation & Mortgage Loans
There are numerous Renovation Loans that are available, however knowing which one is best suited for you can be quite complex…
Renovation Lending for Realtors
As a Realtor, you’re dealing with many aspects of a sale… Sometimes they can be deal breakers, especially if the home needs repairs.
Answers to Renovation Questions
Renovating a home can be quite challenging… There’s the financing, getting a contractor, etc. Have any home renovation questions?
Renovation Lending Video’s
Latest Blog Posts
VA Renovation Mortgage – 1 to 4 Unit Properties EligibleOctober 10, 2019
Mixed Use 2 – 4 Unit Purchase Mortgage with FHA 203KOctober 7, 2019
CHOICERenovation – New Rehab Loan by Freddie MacOctober 3, 2019
Renovating Chicago’s Southside – One Home at a Time with FHA 203k & Fannie Mae HomeStyle Renovation LoansMay 10, 2019
Perry Farella made this process bearable. He’s a star!
Perry Farella has an amazing talent for putting people at ease. He always stayed calm and positive… even when I was losing my mind with worry and desperation. He went out of his way to send me listings he thought made sense. He gave me honest feedback on places I picked out. He was amazing at following up after I found “the one” place I had to have. He pushed and encouraged me to go back and talk to the seller and convince him to accept my offer! I am forever grateful and a true fan!OLIVIA C
Perry Farella’s research
We had spoken with other loan officers in the past, and found that our re-finance situation was very complicated. Perry Farella was the only person we spoke with who figured out what needed to be done and walked through every step of the process.ROBERT R