Houston, TX

The Opportunity

A builder looking to start a 15-lot build-to-rent community in Houston, Texas, was working with another lender to fund the initial build. But the lender’s process dragged on, leading the builder to look for alternate funding by calling Lima One.

The Solution

Lima One delivered where the other lender could not, closing the $1.9M loan for the first six lots in the development. The builder enjoyed the benefits of a certain and quick close, and will get the same efficient customer service with construction draws throughout the project. It’s a win/win for the builder and for the Houston community, which will benefit from great new places to live.