Financing specifically designed for property improvements on non-owner-occupied buildings allows investors to enhance value and potentially increase rental income. For example, such financing could cover the costs of modernizing kitchens, upgrading bathrooms, or improving energy efficiency in a multi-family dwelling.
Upgrading a building can attract higher-quality tenants and justify higher rents, increasing profitability. Historically, access to this type of specialized financing has played a key role in urban revitalization efforts and the preservation of historic properties, allowing investors to transform neglected buildings into valuable assets. Enhanced property values also contribute to a stronger overall real estate market.
