Lima One takes pride in assisting their investors with a full suite of loan products that allow them to select the best option to meet their specific needs. Lima One’s Bridge Plus Loan is a great option for Rental Investors who need a quick closing on their loans.
Take this client, for example, who needed a bridge plus loan to acquire a luxury rental property in Dallas, TX. He pursued bank financing, but the bank required a lease in place before originating the loan and took a long time through the process due to documentation and underwriting concerns, endangering the deal. In stepped Lima One. Our asset-based private lending approach allowed for a quick close, and the interest-only Bridge Plus option allowed the investor to close the deal before the lease was in place. With Lima One’s assistance the investor was able to secure a $2.3 million loan or this 4 bedroom, 6 bathroom home that sold for $3.55 million. Lima One saved the deal, setting the investor up for future profit on a fantastic property.