Yukon, OK – Rental

The Opportunity

An investor purchased a rental property in Yukon, Oklahoma, in 2023 for $155,000 in cash. In 2025, the investor was ready to get cash out of the property for additional investments. But the debt-service coverage ratios on the property were thin because of typical property values and rental rates in the Oklahoma City MSA.

The investor reached out to Lima One to see what rental loan options were available.

The Solution

Lima One offered options for financing at different leverages and prepayment options as well as various interest rates. This let the investor choose the right loan for his specific strategy of self-funding renovations and then getting cash out for the next deal.

In the end, a loan at 56% loan-to-value leverage with no prepayment penalty best fit the investor’s needs, and he closed the deal with no hiccups thanks to Lima One’s in-house processing and underwriting team. The flexibility of this loan proved crucial, because the investor was able to refinance the loan a few months later at a cheaper interest rate. The flexibility of Lima One’s DSCR rental loan offerings won the day in helping the investor continue the process of scaling his business.