Huntsville, AL – Rental

The Opportunity

A group of Alabama single-family rental investors who owned properties in Huntsville as well as nearby Northern Alabama towns Hazel Green and Athens wanted to capture equity from the properties for additional investments. They also needed to maintain cash flow on the properties in his portfolio with the new loans.

The team approached Lima One looking for cash-out refinance loans to help them continue to grow their business.

The Solution

Lima One closed four loans to maintain ideal debt-service coverage ratios on each property. This allowed Lima One to maximize leverage on the portfolio while providing the best interest rates on each loan.

This customizable approach was possible due to Lima One’s flexible rental loans, which are designed to adjust to fit investors’ specific strategies. This investment team benefited with a total of $817,600 in loans that provide cash for additional investments while protecting cash flow and passive income.