Through our clients, we are stabilizing and improving neighborhoods for communities across the country. Take this Fix and Flip property in Franklin, IN for example. This property was bought as-is for $54k and was appraised with an after-repair value of $128k. The investor who completed the flip invested $67K in construction funds, and ended up selling the property for $175K — a profit of over $50,000.
This client was able to stay within budget, get quick construction draws, complete this project, make a profit, and improve a neighborhood through this flip with the help of Lima One’s team. We ensure our client is taken care of so that together we can create great places for people to live.
Fix and Flip Loan By the Numbers
Loan Amount
$84K
ARV
$128K
Loan to ARV
66%
Loan Term
13 months
Construction Budget
$65K
Sale Price
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