First lien up to $1.5 million and second lien up to $500,000 on the Luminate Bank Interim Renovation Loan — actual amount depends on LTV, occupancy, and qualifications.
Home
Renovation Loans
Luminate Bank Interim Renovation Loan
How Much Can I Borrow?
Loan amounts vary based on occupancy, loan purpose, property type, and borrower qualifications. First lien loan amounts are available up to $1.5 million, while second liens are available up to $500,000 for eligible transactions.
The Luminate Bank Interim Renovation Loan supports first liens up to $1,500,000 and second liens up to $500,000. Your actual borrowing power is also limited by maximum LTV for purchase or refinance, occupancy type, and underwriting approval.
Purchase LTV examples from the matrix range from 90% at conforming limits for primary and second homes down to 75% for investment property up to $1.5 million. Refinance LTV is typically up to 80% for primary and second homes and 75% for investment property, up to $1.5 million.
Ryan and Steve size the total loan — purchase or refinance balance plus renovation costs, soft costs, and any financed interest reserve — against those caps before you commit to a GC bid.
Four factors usually decide whether you land near the $1.5M ceiling or a lower number.
Related Luminate Bank Interim Renovation Loan guides and renovation programs to compare before you apply.
Ryan & Steve will size purchase or refinance plus renovations against Luminate Bank Interim Renovation Loan LTV grids and lien caps.
All loans are subject to credit and property approval. Luminate Bank Interim Renovation Loan program guidelines, LTV limits, loan amounts, and pricing are subject to change without notice and may not be available in all areas. This is not an offer to enter into an agreement. Information is for educational purposes only and is not a commitment to lend.