Rental Portfolio Loan – Chattanooga, TN

When investors come to Lima One, they except best-in-class, premier customer service, low rates, and flexible terms. We pride ourselves on making sure each investor we work with walks away with a wonderful experience.

Our Rental30 Premier® loan is designed to give investors the chance to refinance an existing rental portfolio that contains five or more properties. Recently, Lima One had the opportunity to work with a Chattanooga, Tennessee-based investor looking to refinance his portfolio of townhomes and duplexes.

Not only was Lima One able to refinance the portfolio and secure a low rate for the investor, but we were also able to help this investor strategize about financing for future investments with our Line of Credit program.

With a Lima One Line of Credit, investors know exactly how much runway, or access to capital, they have with Lima One to use to rehab or upgrade their properties. This investor can plan with confidence knowing how Lima One can help on future deals as well.

Exterior of a SFR home in a Chattanooga portfolio

Rental Portfolio Loan By the Numbers

  • Purpose of the Loan: Cash-out Refinance
  • Loan Amount: $4.7M
  • 29 units
  • ARV: $6.2M
  • Loan to ARV: 76%
  • Loan Term: 5-year IO Balloon
  • Interest Only

Things to Know Before Investing

Real estate investing is seen as a safer investment than other forms of investing such as the stock market, however there are risks.

Tips for a First Time Flipper

The tips listed in this article should serve as a starting point for how to approach a flip as a first time investor.

Using Leverage to Maximize Profits

How do those house flippers on HGTV have the money to do all of these deals? The answer to that question is simple: leverage.

What is ARV?

Looking to start flipping houses but you’re not sure what to look for in a property? There are several different factors to consider when looking at a property to flip.

Hard Money Loans

What Is a Hard Money Loan & How Do They Work? Real estate investors looking to purchase an investment property realize that they will require some form of outside financing to receive the necessary funds to complete the purchase of their property, not every...

3 Tips to Staging Your Flip

3 Tips to Staging Your Flip You’ve fixed up your first flip and now you need to sell it. What is the best way to sell your flip quickly and obtain a higher profit and return on investment? One thing you can do to sell your flip faster is to stage the home. Staging is...

Financing for Properties with 5+ Units

Financing for Properties with 5+ Units As a real estate investor, you’re probably looking for ways to grow and diversify your portfolio. One of the ways to accomplish this is through investing in multifamily properties that are five or more units. Multifamily...

Managing Out of State Rentals

Managing Out of State Rentals A great way for you, as a real estate investor, to build wealth and earn a passive income is through the ownership of cash-flowing rental properties. Passive income is the profit earned by investors after the mortgage and expenses have...

Top Fix and Flip Markets in 2017

Top Fix and Flip Markets in 2017 As the fix-and-flip industry continues to grow, real estate investors may be looking to expand their business into new markets. One of the challenges investors face when expanding is identifying which markets offer the best...

The Advantages of Specialty Financing vs. Bank Financing for Rental Properties

The Advantages of Specialty Financing vs. Bank Financing for Rental Properties What are the financing options for real estate investors looking to invest in rental properties? One option is to go the traditional bank route. With the traditional bank route, investors...