Fix and Flip Loan | St. Louis, MO

In this St. Louis, MO fix and flip, a repeat customer came to Lima One looking to do a major rehab to a property that had been purchased for $155,000. Lima One supported this experienced flipper throughout the project. It started with the flipper getting better interest rates and leverage because of flipping experience. It continued with an efficient close and quick construction draws throughout the flip. 

As a result, the investor was able to add value to the property and sell it for $650,000, leading to a profit of more than $125,000. It was a big win that sets the investor up for more success on the next flip with Lima One.

After