Easley, SC – Rental

The Opportunity

A South Carolina flip to rent and build to rent investor had a completed property ready for takeout as a rental loan. He wanted to leverage the property to get cash out for the next deal.

Most importantly, he wanted an easy process that would take financing off his list of worries while he managed multiple ongoing flips and builds in Easley, Liberty, Piedmont, and Pickens. So he came back to Lima One for financing once again.

The Solution

Lima One was able to give the investor 70% leverage on the cash out refinance to pay off the new construction loan and put money in his pocket. The low fixed rate on the loan set the investor up for long-term cash flow on this investment.

The investor continues to take advantage of Lima One’s versatile product suite. He has funded 7 flips, 14 new builds, 6 bridge loans, and 8 DSCR loans with Lima One over the course of eight years. Lima One continues to help the investor scale no matter what type of property opportunity emerges next.