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Elbow Room

Financing



Kelsey Patterson at Frost Bank
Consider a Tailored Loan Product with Competitive Rates at Frost Bank 

Our partners at Frost Bank are here to help you secure the funds you need for your Elbow Room project.  Kelsey Patterson has a keen understanding of our business and customers.  She knows that small backyard spaces can be game changers for people in need of a little extra room. 


Ms. Patterson has an expertise in connecting customers to the right product to fit your needs.  She is excited to hear your story and match you with the very best option, whether it's a Home Equity Loan, Progressive Home Equity Loan, Home Equity Line of Credit, or Home Improvement Loan.


Please reach out to Kelsey directly to streamline the application process.  

Call Kelsey Patterson at Frost Bank
Email Kelsey Patterson

In the meantime, you can use this link to Calculator.net to help you to determine the monthly payment amount or loan term for a fixed interest loan based on information you supply.  This is a fun tool to use to experiment with your "numbers." It is not an application, inquiry, or promise of funds.  We highly recommend working with a financial expert to discuss your options and specifics.

The Calculator.Net

Broadway Bank

Our friends at Broadway Bank can help you obtain financing for your backyard ADU in a multitude of ways.  You can even use a mortgage loan to finance your investment property.  


You can also consider personal or business loans or leverage your equity to access financing for your project.

Learn More About Broadway Bank Financing Options
Buying A Backyard Structure Is Possible!

Financing Your Elbow Room ADU, Studio, or Pod

There are many ways to finance your dream ADU.  The qualifications and stipulations vary for different financing options and lenders.  

There are several routes to ownership and encourage you to explore those listed below and any you discover in your search.


Personal Loans

Personal loans are great for smaller projects under $100k.  Applications tend to be quick with no effect on credit scores.  These loans have faster funding than traditional loans. 

HELOC & HILOC

Consider a HELOC or HILOC for any sized project. You can leverage the equity in your home to increase the value of your property now.  Elbow Room's partnership with Frost Bank has been successful for many customers seeking a HELOCs or HILOCs and want to use their Elbow Rooms for personal purposes. 

Other banks, credit unions, and mortgage holders may be open to these lending options for commercial use or rental income.  They may also offer new construction loans for building ADUs on vacant property.

Retirement Loans

Retirement account loans, such as 401K accounts, may allow up to 5 years for repayment on as much as 50% of the account balance.  To start this conversation, reach out to your financial planner.

More Financing Ideas for ADUs, Studios, & Pods

Find out about the many ways to finance your ADU or studio. Click on the button below to read an article by Renfi. There are so many ways to make your dream a reality.
CLICK TO READ MORE...