Las Vegas, NV Luxury Fix and Flip

The Opportunity

An investor found a home in a gated neighborhood in Las Vegas that offered significant profit potential as a luxury flip. He planned a comprehensive renovation that included a large sliding glass door system, custom showers, kitchen and bathroom upgrades, and the addition of a swimming pool.

The experienced flipper needed a lender that could finance an expensive flip while providing a seamless draw experience and low cost of funds. Based on the recommendation of a trusted adviser, he sought out Lima One.

The Solution

Lima One provided financing that allowed the investor to purchase the property for $1.22 million and then complete the value-creating rehab on the project. Lima One’s low interest rate and non-Dutch financing with no interest charged on rehab funds allowed the investor to manage costs on the project.

Within four months, the flipper completed the project and brought the home to market at a $2.69 million list price, demonstrating how combining the flipper’s expertise with solution-oriented financing from Lima One can create significant value on a luxury fix and flip project.