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Rental – Nashville, TN
A Nashville investor who owned dozens of rental properties wanted to cash out the equity of their portfolio in order to purchase more properties. They were looking to refinance the portfolio and wanted a fully amortized 30-year loan with a fixed rate—something not every private lender offers.
By the Numbers:
33
Units
$5.1M
Loan Amount
$6.9M
Appraised Value
75% LTARV
Loan to Value Leverage
The Opportunity
A Nashville investor who owned dozens of rental properties wanted to cash out the equity of their portfolio in order to purchase more properties. They were looking to refinance the portfolio and wanted a fully amortized 30-year loan with a fixed rate—something not every private lender offers.
The Solution
Lima One financed the 33-property portfolio with a 30-year fully amortized loan with a fixed interest rate. This gave the investor certainty about costs with these properties.
The investor used the cash received at closing to scale their business and add to their rental portfolio. By choosing Lima One, the investor group was able to get this desired cash, while also getting a locked-in interest rate. Plus, the process was efficient with much less documentation required than for a traditional bank loan.
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