Hufnagel Remodeling
Rehab financing projects
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TriWestM Financial Services was established in the summer of 2006.  This service company was created to help contractors in their efforts to rehab residential housing.  Contractors have found  banks and other lending institutions are not interested in financing housing obtained from foreclosures and sheriff sales since it is not in "move in condition ".  This created an opportunity and need for private money.  We will finance the purchase of the home, closing costs, and set up an escrow for rehab expenses.  For this we are paid a percentage at the closing and a monthly interest payment.  The loans are interest only loans and the principle is returned to us at the time of sale or refinancing.  Qualifying contractors will have to pass a credit check and submit a rehab plan.  If the project cost is within apx. 65/70% of ARV, it will be considered for acceptance.
 
 
We have funded the following projects.  They are either completed or are currently underway:

911 Westchester Drive, McCandless
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Contractor: Hufnagelremodeling Completed 5-1-2006

409 Selma Street, East Liberty
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Contractor: East End Capital, completed 2-1-2007

3220 Bradbury Street, Hopewell
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Contractor: James Freed, completed 3-19-2007

1038 Valonia St., Pgh, PA.
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Contractor: Daryl Patterson, completed and sold

#1 Beechwood, Hopewell, PA.
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This home has been torn down and a new home is underway, builder is Hufnagelremodeling

598 Briarcliff Road, Center Twp.
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Contractor: James Freed, completed 12-1-2006

1522 Obey Street, Crafton
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Currently on the market

2038 Circle Drive, Hopewell
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Sold in Summer 0f 2009

231 Shiloh Ave. Pgh, PA.
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Sold in Summer of 2009

41 Cherry St., Pgh., PA (Etna)
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Contractor: Doug Furko, project was completed and sold to a New York investor