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Bella Collina, FL
An experienced builder secured his next two lots in a lakeside development in Bella Collina, Florida, just east of Orlando. He wanted a new lender that could offer the leverages he needed to successfully finance these luxury home builds.
By the Numbers:
2
Properties
$2.55M
Loan Amount
$700K
Lot Price
$2.46M
Construction Budget
$3.8M
After-Repair Value
The Opportunity
An experienced builder secured his next two lots in a lakeside development in Bella Collina, Florida, just east of Orlando. He wanted a new lender that could offer the leverages he needed to successfully finance these luxury home builds.
Because of his wealth of experience, the builder knew precisely what was important to him, and vetted lenders based on his desired loan terms.
The Solution
Lima One’s industry-leading new construction leverage options won the day, both in terms of loan to cost and construction budget. Lima One also worked with the builder to order new appraisals to ensure that that after-repair value adequately reflected the profit potential of the home, ensuring strong loan- to-value leverage as well.
The builder is now off and running, ready to complete the builds. And he has the confidence that the same support he got pre-close will be present throughout the 13-month build, thanks to Lima One’s in-house servicing and speedy in-house construction draws.
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