Ground-up construction is a huge portion of Lima One’s business. Builders from across the country approach us in need of funding for projects ranging from build to rent housing to model homes to teardown/rebuild projects.
The Tennessee-based investor behind this deal sought funding to build three single-family units. From the interior to the exterior, the units in this triplex are designed with modern-day renters in mind. Located just outside of downtown Nashville, this investor took advantage of a great location for his construction project.
New Construction Loan By the Numbers
Loan Amount
$736K
3 units
ARV
$1.07M
Loan to ARV
69%
Loan Term
30 years
Purchase Price
$192,500
Construction Budget
$601K



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