Fix and Flip Loan – Charleston, SC
At Lima One Capital, we pride ourselves on being the premier lending partner for real estate investors. Our robust suite of loan products is second-to-none, and it allows us to help investors nationwide.
In this deal, a South Carolina-based investor sought funding to flip this 5 bedroom, 4.5 bathroom home located near downtown Charleston. Built in 1928, this home needed an updated interior and exterior. With funding from Lima One, this investor was able to completely gut and rebuild the interior of the home, updating fixtures, adding new paint to the walls, upgrading bathrooms, painting the exterior of the home, and landscaping the lawn.
Lima One’s fix and flip loan program is a huge part of what makes us successful. Lending to fix and flip investors is how Lima One got its start, and we’ve created a fix and flip program that offers flexible terms designed to help investors execute their investment strategies.
Fix and Flip Loan By the Numbers
- Loan Amount: $1,370,569
- ARV: $2.05M
- Loan to ARV: 67%
- Loan Term: 16 months
- Purchase Price: $1,025,000
- Construction Budget: $497,855