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
Watch Part II of Scott’s Interview with Max Rombakh, Eastside Elevated
Projections Disclosure
PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS, AND ANY EXPECTED RETURNS OR HYPOTHETICAL PROJECTIONS MAY NOT REFLECT ACTUAL FUTURE PERFORMANCE. ALL INVESTMENTS INVOLVE RISK AND MAY RESULT IN PARTIAL OR TOTAL LOSS. There can be no assurance that an investment opportunity or any projected or actual performance shown on the Site will lead to the expected results shown or perform in any predictable manner. It should not be assumed that investors will experience returns in the future, if any, comparable to those shown or that any or all investors on the Site experienced such returns.
Performance Disclosure
Projected and/or hypothetical performance assumes future returns similar to historic returns, even though no borrower or investment opportunity made available by and through the Site is obligated to pay any distributions in the future, and is intended to show only an expected range of possible investment outcomes based on historical average returns and standard deviation of each investment opportunity presented by Legacy Group Capital, but does not take into consideration the effect of taxes, changing risk profiles, or future investment decisions. Projected and/or hypothetical performance does not represent actual investments and may not reflect the effect of material economic and market factors. Any other assumptions for projected or hypothetical performance shall be otherwise noted as applicable.
Actual investors on the Site may experience different results from any hypothetical results shown. There is a potential for loss, as well as gain, that is not reflected in the hypothetical information presented. Investors should carefully review the additional information presented on the Site as part of any hypothetical comparison.
Furthermore, please be aware that: (i) that real estate investments are generally highly risky, volatile, and unpredictable; (ii) the real estate industry, the real estate lending industry, and the real estate finance industry in general are subject to significant ebbs and flows and market shifts; (iii) that any investment opportunity one participates in by and through the Site may not generate sufficient cash flow, returns, and/or repayment monies to return any investment, provide sufficient cash flows, or otherwise satisfied any of your investment goals and/or budgetary requirements; (iv) that the value of any underlying real estate property associated with any investment opportunity that one participates in by and through the Site may decline after such participation, thereby potentially lowering the value of any investment or the likelihood of achieving a return of any investment monies; and (v) the Site may provide access to investment opportunities that purport to be “backed”, “secured by”, or otherwise linked to a real property asset, these items cannot and do not guarantee any return of any investment.
