Baton Rouge, LA

The Opportunity

A multifamily investor wanted to purchase two multifamily properties in Baton Rouge, Louisiana, covering 80 total units. The properties, which needed cosmetic rehab, had third-party reports complete, but the original lender was unwilling to complete the transaction.

The Solution

Lima One stepped in to save the deals with a quick underwriting process based on the existing third party reports. The entire process took less than three weeks from loan submission to funding, despite happening over the end-of-year holidays. This allowed the investor to complete the transaction, update the properties, and begin to profit from these cash-flowing properties.