Alex Patsavas

Alex Patsavas

Senior Loan Officer NMLS #2146258Schedule a call with Alex Email [email protected] Phone (312) 796-9440 Based in Chicago, IL & Southern California
Loan Options for Purchase and Renovations
Conventional 1st Mortgage Financing
Renovation Financing
RenoFi 2nd's based on After Renovation Value
Options to keep your existing mortgage without refinancing!
Loan options may vary depending on your location and available lender.

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Alex Patsavas

My mission is to offer homeowners, future homeowners and investors the best financing strategies to realize your new dream home, renovation or addition, ADU, or real estate investment.

Not all construction and renovation loans are equal and one size never fits all. The process can feel overwhelming and confusing with so many options, misinformation and biased information.

My approach is to partner with you. Leveraging almost 20 years experience in real estate development as a licensed architect, design-builder, licensed real estate broker, in addition to being a licensed mortgage loan originator, brings a unique & holistic approach to solve your needs. I start by understanding your project and goals, then develop the most cost-effective and efficient financing and loan solutions, tailored to you.

My expertise includes: Purchasing and remodeling fixer-upper, home renovations and additions, ADU’s, new construction and ground-up builds, and investment properties.

No matter where you are in your journey, I want to speak with you to offer insight, guidance and cohesion to your financing needs.

RenoFi Loans are unique because they allow you to borrow against what your home will be worth after the renovation is completed. This greatly increases your borrowing power and you get to keep your existing mortgage without refinancing.

Learn more about RenoFi Loans

A conventional loan allowing you to finance the renovations into your mortgage! Good for purchasing a property that needs updating or to remodel your current home. Borrow against the future / after-improved value of your home! Minimum 3% down for first time buyers, 5% for others. Owner occupied, second home and investor loans available.

Learn more about Conventional Homestyle

An FHA loan that allows you to finance your renovations. Good for purchase or refinance. Perfect for first time buyers! Minimum 3.5% down. Owner-occupied only.

Learn more about FHA 203k Loan

Renovation loan for veterans. Same VA loan requirements but borrow money on top of the purchase to renovate a property. Owner-occupied only.

Learn more about VA Renovation

Articles and Resources


Learn the ins and outs of construction loans, from the application process to disbursement and major risks. Make informed decisions for financing your construction project.


An expert guide to everything you need to know about home renovation loans. Boost your borrowing power by discovering the best renovation loans that factor in the after-renovation value, and tackle your entire home improvement wish list in one go!


Discover the differences between FHA 203k Loans and Fannie Mae HomeStyle Loans and how they both work for financing renovations.

Why a RenoFi Loan is the best loan for your renovation

Standard Cashout RefiStandard Home Equity LoanConstruction Loan
Loan based on the after renovation value
Borrow up to 90% after renovation value
No refinancing options available
Inspections and draws not required
See what RenoFi can do for you
See what RenoFi can do for you
Borrow more

Borrow more

RenoFi matches homeowners to the best financing product for their project.

Longest Terms, Lowest Rates

Longest Terms, Lowest Rates

Terms up to 20 years. Rates are based on the after renovation value.

No Refinancing Required

No Refinancing Required

Have a great rate locked in on your first mortgage? No problem!


Cash Up Front

Once approved, homeowners receive 100% of cash up front. No draws, no inspections.

Contact Form

Contact me using the form or give me a call at (312) 796-9440
Alex Patsavas

Alex Patsavas

Senior Loan Officer NMLS #2146258
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