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Rental Portfolio Loan – Prattville, AL
Lima One completed cash-out refinance DSCR portfolio loans for 20 single-family rentals for a scaling investor in Alabama.
By the Numbers:
$1,453,250
Loan Amount
$1,938,000
Appraised Value
75%
Loan to Value Leverage
19
Properties
The Opportunity
An Alabama real estate investor with a 50-plus property portfolio of single-family rentals wanted to get cash out of his equity to purchase more properties. He reached out to Lima One for options to refinance his stable leased properties.
The Solution
Given the investor’s track record, Lima One was able to provide maximum 75% loan-to-value leverage on two cash-out refinance portfolio loans covering 19 properties in Prattville, Alabama. The investor’s strong credit history allowed him to unlock Lima One’s lowest interest rates as well.
The $1.45 million loan allows the investor to capitalize equity to continue growing his portfolio in markets he knows well. Plus, by combining multiple properties under a single loan, he will save time in the future on payments, escrows, and other property management tasks. He continues to work with Lima One on additional financing options for future purchases and refinances as he scales his real estate investment business.
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