Montgomery, TX

The Opportunity

A production builder who focuses on building single-family rentals needed financing to start seven new lots in the Houston suburb of Montgomery, Texas. The builder focuses on efficiency, using consistent floor plans to ensure speed and quality.

He was looking for a lender with the same focus on speed, quality, and performance. That search led him to Lima One.

The Solution

Lima One financed the seven builds at 85% blended loan- to-cost and 70% loan-to-value, giving the builder maximum funds to complete the builds. More importantly, Lima One delivered with faster closings than a bank would provide, plus an underwriting process that acknowledged the builder’s streamlined processes and expertise.

The builder will continue to benefit from Lima One’s efficiency throughout the life of the loan thanks to in- house servicing and in-house construction draws released in just four business days. This commitment to efficient service will help the builder continue to profit.