At Lima One Capital, our mission is to improve and stabilize neighborhoods by enabling our clients’ real estate investments. This Fix and Flip deal out of Philadelphia, Pennsylvania, is a perfect example. One of our experienced clients purchased a property in need of heavy rehab, and our team was able to help them confidently take on this project knowing the after-repair value and verified construction budget foreshadowed success.
The finished product of this 4 bedroom, 2 bathroom home sold for $235,000, giving the investor a profit margin of over 30%. This client was able to complete this project with full support across all of Lima One’s channels from sales consultants, underwriters, servicing analysts, and construction management. Now this neighborhood has a new, great place to live thanks to the investor’s heavy rehab flip and Lima One’s financing.
Fix and Flip Loan By the Numbers
Loan Amount
$149K
ARV
$240K
Loan to ARV
62%
Loan Term
16 months
Purchase Price
$32K
Construction Budget
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