Home Equity Line of Credit for ADU Construction
- Price: $1,701,100
Property Description
Home Equity Line of Credit for ADU Construction We recently helped a self-employed couple secure a Home Equity Line of Credit (HELOC) to finance the construction of an Accessory Dwelling Unit (ADU) on their property. Both borrowers owned multiple businesses, creating a more complex financial profile than many traditional borrowers. Despite the challenges that can come with documenting self-employment income, we successfully structured a financing solution that met their needs. The HELOC was approved and funded in less than 30 days, allowing the borrowers to move forward with their ADU project and begin adding value and functionality to their property. This transaction highlights how homeowners with complex self-employment income can still access their equity and achieve their property improvement goals with the right lending strategy.
Property Details
| Price: $1,701,100 |
| City: Los Angeles |
| State: CA |
| Zip Code: 90066 |
