Fix and Flip Loan | Atlanta, GA

Every flipper has a first project, and this first flip for a new customer of Lima One ended up as a home run. The investor bought this Atlanta, GA project as-is for $110K, and planned a construction budget of $73K. Lima One helped the investor close the loan, with our experienced construction management team reviewing the budget before close to ensure it was adequate to complete the project while ensuring profit through adding value to the home’s after-repair appraisal. 

The plan for this fix and flip property was an after repair value of $255K, which would be a nice profit for the investor. But in the hot Atlanta market, the flipper was actually able to sell the property for $335K, leading to a six-figure profit that empowers the flipper for the next opportunity. Throughout the process, Lima One partnered with the client to ensure success, with quick construction draws and in-house servicing through the life of the loan.

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