Lubbock, TX

The Opportunity

An investor who owned two 15-year-old Class B multifamily properties in Lubbock, Texas, needed to refinance the properties. He contacted a commercial real estate broker, who connected him to Lima One Capital for two multifamily bridge loans.

The Solution

Lima One provided the borrower with an efficient close and advantageous refinancing terms. The 24-month interest-only loans offered a fixed interest rate and non-recourse financing, setting the investor up with maximum flexibility for take-out financing. Lima One’s bridge loan solutions allow the investor to continue to profit from property cash flow while preparing for the future with these properties.