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Rental Purchase Loans – Ocala, FL
Lima One helped an experienced investor purchase 19 rental properties in the Ocala, Florida, area.
By the Numbers:
$3,729,375
Loan Amount
$5,100,000
Appraised Value
73%
Loan-to-Value Leverage
19
Rental Properties
The Opportunity
An experienced investor wanted to expand his real estate portfolio in the Ocala, Florida, market. He planned to use private money loans to purchase properties and needed the flexibility to finance delayed purchases as well.
His search for a DSCR loan partner that could help him scale led him to Lima One.
The Solution
Lima One put its versatile DSCR loan program to work for this investor with a blend of delayed purchase and standard purchase loans, all at or near 75% LTV. Every time the investor found a good property to buy, Lima One was there with the financing.
Over three months, Lima One financed 19 purchases, and the investor found the experience to be more efficient with faster closing times and lower rates than his existing private money lender. One big reason was that Lima One onboarded an appraiser in his local market that led to faster turnaround times on each loan.
The investor views Lima One as his partner, not just his lender, and has more loans planned. The investor is scaling at his pace thanks to the support of Lima One.
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