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Madison, TN
A real estate agent had a client who found a potential fix and flip property in the Nashville suburb of Madison, Tennessee. The real estate agent had worked with a Lima One sales rep before and made the introduction to the client.
By the Numbers:
$280K
Loan Amount
$400K
After-Repair Value
70%
Loan to Value Leverage
The Opportunity
A real estate agent had a client who found a potential fix and flip property in the Nashville suburb of Madison, Tennessee. The real estate agent had worked with a Lima One sales rep before and made the introduction to the client.
The client and the realtor wanted best-in-class service through the underwriting and closing process, and a seamless financing solution to help secure the property. They relied on the relationship and chose Lima One.
The Solution
Lima One provided top-notch customer service throughout the process and closed the loan on time as promised. This allowed the client to complete the purchase of the property and start the flip. The client also appreciated how competitive Lima One's interest rates were on this flip, and how they do not have to pay interest on undrawn construction funds.
Now the client will complete the flip with the help of Lima One's in-house team, getting rehab draw funds quickly and servicing assistance when necessary. The sets the entire project to be just as seamless as the initial purchase was.
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