Atlanta, GA

The Opportunity

An experienced flipper found an Atlanta home built in 1965 through a wholesaler and purchased it as a fix and flip. While visiting the property, the builder noticed that another home on the same street had a for-sale sign in the yard, and moved quickly to purchase that 1960s home to flip as well.

The Solution

The flipper turned to Lima One as he usually did, and got interest-only financing on both flips, with no interest charged on undrawn construction funds. Because of his experience, the investor got Lima One’s best rates and terms, clearing room for maximum profit on the project. The flipper listed both properties over the appraised value, setting the stage for two nice profits from properties on the same street.