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.
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