Brooksville, FL

The Opportunity

A commercial real estate banker brought a multifamily deal to Lima One, which underwrote the fully occupied property for purchase with value-add rehab and prepared to close. But the borrower fell out on the deal, leaving the broker to try to find a new buyer.

After the banker found a new buyer, they returned to Lima One for a quick closing.

The Solution

Lima One demonstrated its commitment to partnership by working with the broker to close the deal with the new buyer, who will use the rehab funds for interior finishes, upgraded appliances, and updated plumbing and HVAC.

This completed the deal on a 50-unit multifamily complex. The result is improved workforce-level housing for the Brooksville community and profit for the commercial real estate banker.