Lima One Capital worked with a commercial broker to finance a loan on a stabilized multifamily property with 98% occupancy rate. The property, which has a unit mix of 1 BR, 2 BR, and 3 BR, is in Alvin, Texas, a suburb of Houston in one of the biggest MSAs in the country.
Lima One provided a quick close on a multimillion-dollar bridge loan to help these investors purchase the property and prepare for long-term takeout financing. This allowed the investors solid multifamily bridge financing for the stabilized property until they were eligible for long-term takeout financing.
Private Lending in Houston, Texas
Learn more about how Lima One Capital serves real estate investors with funding for property investments in Texas.