Fix and Flip – Rockbridge, Ohio

The Opportunity

An experienced flipper was looking for financing for her next flip. She had found a property in Rockbridge, Ohio, that presented an ideal opportunity, given its half-acre wooded lot and proximity to the Columbus, Ohio, metro.

She negotiated a purchase price on the property $50K below initial asking, using her experience honed over 75 deals to create profit potential. But she needed a better financing option and reached out to see what options were available at Lima One.

The Solution

Lima One provided a $258,750 fix-and-flip loan at 85% loan-to-cost leverage and 75% loan-to-ARV leverage. This financing covered 100% of the rehab budget while allowing the flipper to maximize profit once the flip was completed. Most importantly, Lima One closed the loan efficiently, making it simple for the flipper to purchase the property and start the project.

Once the deal closed, the flipper left a review summarizing her premier loan experience with Lima One: “The process was smooth and efficient. All thanks to the wonderful team at Lima One! They went out of their way to provide excellent customer service, answered all questions quickly, and made it seamless!”