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Rental Portfolio Loan – Washington, D.C.
An investor who owned several row homes in Washington, D.C. wanted to refinance the properties to get cash out. Instead of trying to max out leverage on this refinance, he wanted to ensure ongoing cash flow through the lowest rates possible.
By the Numbers:
$1,183,100
Loan Amount
$2,230,000
Property Cost
53%
Loan to Value Leverage
4
Properties
The Opportunity
An investor who owned several row homes in Washington, D.C. wanted to refinance the properties to get cash out. Instead of trying to max out leverage on this refinance, he wanted to ensure ongoing cash flow through the lowest rates possible.
He reached out to his Lima One Capital, whom he had financed eight properties with already, to see what financing options were available on this portfolio.
The Solution
Lima One provided $1.18 million in DSCR loans for the investor at highly competitive interest rates that were below the forward mortgage rate at the time. The investor’s Lima One loan consultant helped him structure the loan specifically for the lowest interest rate.
Lima One’s loan solution put cash in the investor’s pocket while preserving cash flow and leaving plenty of equity in the property to reduce risk. The result is a win for the investor, helping him continue his profitable investment in the nation’s capital.
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