De Bellevue, Wash.-based company is active in eight states: Arizona, Colorado, Idaho, Montana, Oregon, Texas, Utah and Washington. The extensive solutions include:
- Buy-Before-You-Sell: enables homeowners to buy a new house before they sell their current sales, with flexible bridge financing that removes the timing pressure.
- Adapted construction: financing for second houses, investment houses or fully adapted builds.
- Renovation and renovation: Fast, flexible financing for upgrades that increase resale potential or improve daily life.
“In this tight housing market, home buyers and homeowners need flexible, agile financing solutions with which they can move quickly and use scenarios, such as ‘Buy-Before-Youll’ in a dynamic housing market,” the Legacy Scott Rerucha shared. “Legacy was built on this customer -oriented, common elevation of loans, which adapts to changing market conditions in the regions in which we do business,” he added.
Ed Messman, Chief Investment Officer of Legacy, says that the mission to stimulate consumer solutions was in development even before Legacy took over his business, Smoke capitalLast year.
“We tried to attack the problem of home payability on the financing side, and Legacy tried to do it on the side of home builders to help create delivery. We helped create financing, and that was together,” he said. “Legacy was born of the mortgage banking of consumers, so from the start they always had a consumer permit, and then they started to go to these private loans. So they have always had a kind of preference for helping consumers with different products.”
Messman said that the solutions are not only for seasoned home buyers and homeowners, but also for first home buyers. He foresees that the Buy-Before-You-Sell solution and the renovation solution will be the most popular because borrowers try to sell and achieve the most for their money.
“It’s really important [that we can offer these solutions] Because many of the business lenders you see on the market today, they do not want to touch the consumer because it is very regular and you have a huge compliance obligation, and so we have maintained that since the very beginning, “Messman shared.
