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FixNFlip

Philadelphia, PA

One of our experienced clients purchased a property in need of heavy rehab, and our team was ready to help.

By the Numbers:

$149K

Loan Amount

$240K

ARV

62%

Loan to ARV

16 Months

Loan Term

$32K

Purchase Price

$134K

Construction Budget

At Lima One Capital, our mission is to improve and stabilize neighborhoods by enabling our clients’ real estate investments. This Fix and Flip deal out of Philadelphia, Pennsylvania, is a perfect example. One of our experienced clients purchased a property in need of heavy rehab, and our team was able to help them confidently take on this project knowing the after-repair value and verified construction budget foreshadowed success.

The finished product of this 4 bedroom, 2 bathroom home sold for $235,000, giving the investor a profit margin of over 30%. This client was able to complete this project with full support across all of Lima One’s channels from sales consultants, underwriters, servicing analysts, and construction management. Now this neighborhood has a new, great place to live thanks to the investor’s heavy rehab flip and Lima One’s financing.

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