Legacy CEO Scott Rerucha recently joined Max Rombakh, a top Kirkland real estate agent, on his latest episode of ‘Eastside Elevated’. They discussed innovative financing options beyond traditional mortgages and how Legacy’s fast and flexible loan solutions can benefit both homebuyers and builders during one of real estate’s busiest times of the year.
Out-of-the-box options
Traditional mortgage loans often require borrowers to fulfill strict criteria, an approach that does not meet borrowers where they’re at. Legacy Group Capital is redefining the landscape of real estate lending with a consumer-focused approach that lays out its own rules. With more than $500 million in raised capital, we customize financing solutions to meet the needs of our clients — not the other way around.
The Big Three: Construction, Bridge, Rehab
Legacy’s custom construction loans are tailored to individuals looking to build their dream homes. Where traditional lenders often view custom construction loans as a possible risk, we embrace the importance of making a property yours. We turn around custom construction loans quickly so that your dreams can come true as soon as possible; loans are often turned around in two weeks.
Our cross-collateral bridge loan is for homeowners who want to purchase a new property before selling their current one. The bridge loan uses both the properties as collateral to provide funding for the new home so the borrower can quickly secure the sale. In other words, Legacy’s bridge loan prevents a borrower’s desired property from slipping out of their grasp.
Finally, our rehab loan is designed for a partial or complete remodel, repair, or renovation. Whether it’s a single room or full home makeover, a rehab loan provides fast funding with flexible terms.
Budget blunders begone
When your project runs over budget (as they often do), there’s no need to panic with Legacy in your pocket. Unlike traditional banks, which require borrowers to cover the entire cost of overruns up front, we collaborate with our clients and share increased loan amounts to ease your financial woes during construction.
Options are an added value
Our portfolio of private loans, quick services and personalized approach may mean that working with us yields a slightly higher cost than working with a traditional bank. However, clients will find that the benefits outweigh these costs. Our clients often find they can get their projects underway without costly delays. For many, the investment is well worth the convenience and expertise that comes with working with our professionals.
Learn more about Legacy’s loan offerings or give us a call today: 425-635-4700
