Pascagoula, MS – Fix and Flip

The Opportunity

A flipper who had financed deals in the Mobile, Alabama, area with Lima One found a distressed property for sale in the Gulf Coast city of Pascagoula, Mississippi. The home had good bones but needed significant exterior and interior updates to be marketable.

The experienced flipper decided to expand by making the investment across the state line and reached out to Lima One for financing.

The Solution

Lima One financed this Mississippi fix and flip with 85% blended loan to cost leverage, giving the flipper the funds needed to complete the project. The rate and fee structure of the loan gave the flipper credit for his vast experience, offering the lowest cost of funds on the market.

By working with a Lima One, a lender with a national footprint, the flipper can move across state lines and still get the lowest rates and fees on the market. Plus, Lima One’s in-house construction draw process assures that rehab funds are released quickly. From fee structure to service areas to draws, Lima One provides the flipper with a strategic partnership designed to accelerate his success.