Fort Lauderdale, FL

The Opportunity

A Florida investor found the opportunity to purchase a luxurious country club home, complete with a swimming pool, at a below-market price. But she had to move fast to secure the property and claim the profit. And she wanted the most leverage she could get to limit the amount of money she had to put down at the closing table.

She decided to call Lima One to ask about purchase loan options.

The Solution

Lima One provided a bridge loan for purchase at 80% loan to cost leverage. This interest-only loan allowed the investor to close the deal while financing $1.36 million of the $1.7 million purchase price. More importantly, Lima One’s in-house underwriting and processing teams moved fast, clearing the deal to close just 11 business days after the loan was submitted.

The investor closed the loan in January and sold the property at a $595,000 price increase just three months later – realizing significant profits thanks to the ability to move fast and close the purchase with quality financing. The borrower was impressed with Lima One’s efficiency and with the team’s commitment to her success. Based on this premier experience, the customer will continue to work with Lima One to finance her investments.