Designing Spaces visits Ryan Keifer from PrimeLending to discuss home renovation loans. Renovation loans are special because the money loaned is set up post-closing to help renovators handle the repairs for the property. The type of work, whether it is remodeling a kitchen, installing a pool, master bathroom updates, etc., is identified along with a contractor who will do the work, and from there PrimeLending handles the due diligence and sets the money aside in an escrow account until the job is completed. PrimeLending is a top 10 purchase lender in the nation, and is able to help with processing and underwriting on a local level. Clients can expect complete transparency, step-by-step communication, and weekly updates regarding their loans.

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