Build2Rent Single Close Loan
Lima One Capital is the first direct lender to offer real estate investors a single-close Build2Rent loan. Get an interest-only construction loan and then convert your upgraded single family rental to our popular Rental30 loan, with only one closing.
Build2Rent Loan Overview
Financing Types: Construction Only Refi
Construction Loan Term: 13-19 Month Fixed Interest, Balloon Note
Permanent Note Term: ARMs and Fixed, 30 Years from Modification, Fully Amortizing
Property Types: SFR 1-4
Minimum Loan ARV: $75,000
Maximum Loan Amount: $5,000,000
Minimum Credit Score: 620
Lending Across The Nation
Click on one of the states below to see complete rates and terms.
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Build2Rent Construction Loan Overview
|Level||Completed Flips||Origination Fee||Interest Rate||Loan-to-Cost||Loan-to-ARV||Interest on Undrawn Construction?|
|1||0||2-3%||10 – 11.75%||85%-90%||65%-70%||No|
|2||1-4||1.75.-2.5%||9.5 – 10.75%||90%||70%||No|
|3||5 – 11||1.25-1.75%||8.75 – 9.5%||90%||75%||No|
|4||12-23||1-1.75%||8.25 – 9%||90%||75%||No|
|5||24+||1-1.5%||7.25 – 8.25%||90%||75%||No|
The permanent financing loan is a 30-year fully amortizing loan that can be fixed or on a 5/1 or 10/1 ARM. Rates will be set at time of loan conversion. Final rates vary based on LTV, loan type, loan amount, verification of application information, and other risk based factors.