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Bridge Purchase Loan – Blue Ridge, GA
An investor used Lima One’s Bridge Plus loan to purchase a pair of million-dollar vacation properties in Georgia.
By the Numbers:
$3,418,500
Loan Amount
75%
Loan to Value Leverage
13 months
Loan Term
$4,559,000
Purchase Price
2
Properties
The Opportunity
An investor wanted to purchase two vacation properties in Georgia. One was a five-bedroom mountain cabin in Blue Ridge, and the other was in Buford along the shore of Lake Lanier. He needed financing to purchase both properties and prepare them for renters.
The Solution
Lima One offered bridge loans on both properties at 75% loan-to-value leverage. This provided the investor with $3.4 million in financing across both vacation properties to empower the purchases.
The 13-month interest-only loans allow the investor to prepare the properties for rent while keeping monthly expenses low, providing the perfect solution for his investment strategy.
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