Olive Branch, MS – Rental

The Opportunity

An experienced landlord who held single-family portfolios in Tennessee, Alabama, and Mississippi needed to refinance four rental properties on the same development in Olive Branch, Mississippi.

The properties, which the investor had bought as new builds five years previously, had built enough equity that the investor could benefit from a cash-out refinance.

As the investor had done many times before, he reached out to his loan officer at Lima One.

The Solution

Lima One closed four loans on these properties, all at 70% loan to value, to allow the investor to capture the equity from the home price appreciation while maintaining a profitable cash flow. This gave the investor more cash on hand to grow his portfolio.

The investor has developed a strong partnership with Lima One, financing 42 loans for nearly $10 million over three years. Having a reliable financing partner with a national reach has allowed the investor to continue growing his portfolio in multiple states and empowered him to achieve his real estate goals.

Cash-Out Refinance

Lifetime Originations: 42 loans, $9.9 million