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Charlotte, NC
In this deal, a Charlotte, North Carolina investor needed funding to his ground-up construction project in an up-and-coming area of Charlotte. When it’s completed, this 3,936-square foot home will include 4 bedrooms and 5 bathrooms, a 608-square foot detached garage, and energy-efficient appliances.
By the Numbers:
$811K
Loan Amount
$552K
Construction Budget
$1.3M
After-Repair Value
The Opportunity
In this deal, a Charlotte, North Carolina investor needed funding to his ground-up construction project in an up-and-coming area of Charlotte. When it’s completed, this 3,936-square foot home will include 4 bedrooms and 5 bathrooms, a 608-square foot detached garage, and energy-efficient appliances.
But the deal needed to be done quickly in order for the builder to seize the opportunity. That’s why the investor chose to try a new lender.
The Solution
Lima One Capital was able to close this deal in just over two weeks. It was the first project we have funded for this investor, and he chose Lima One because he wanted to see how well we were able to work with him.
This investor plans to sell this home when it’s finished, but he has several other projects he plans to complete and has already returned to Lima One to finance them.
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