Lima One Capital works to prioritize our clients needs. Our multifamily bridge loan is designed to help our clients succeed on their multifamily projects by providing flexible, interest-only financing that allows the investor to prepare the property for long-term takeout — whether that means value-add rehab, stabilizing the rent roll, or a mixture of the two.

In this deal, our client purchased a 155 unit multifamily complex in Warren, OH. This borrower needed a fast turnaround time, and the project budgets were still being finalized. As it turned out, the borrower ended needed more funds than the original LOI listed to upgrade building exteriors, add to the complex amenities, and upgrade interior finishes in each unit so that they could increase rents and raise the overall class of the property.

Lima One got the deal done with speed and certainty, providing the needed funds (not just the quoted amount) and allowing the investor to improve this multifamily property to create more good places to live in the neighborhood.

Multifamily Bridge Loan By the Numbers