Fix and Flip Lending in Atlanta, Georgia
Fix and flip success is about finding the right property, doing rehab that adds value to that property while fitting the neighborhood, and maximizing profit. Our frequent client for this FixNFlip loan did that beautifully in this example from the Lakewood Heights neighborhood in Atlanta, Georgia.
Lima One’s mission is to create opportunities for our customers and employees by financing real estate investors who are building, improving, and stabilizing neighborhoods. One look at the before and after pictures on this Atlanta, Georgia fix and flip shows how our customer did that in this case. After purchasing a run-down property for $61,000, the investor spent $110,000 on rehab to turn this into a wonderful home. Lima One Capital was able to provide a 90% LTC loan covering purchase and rehab of the property, with 65% leverage against the appraised after-repair value of $238,000. The project ended up even more profitable than that, as the investor was able to sell the property for $285,000 in the red-hot 2020 real estate market, resulting in a profit of over $100,000.
Lima One has offered fix-and-flip loans for more than a decade, and offers the most advantageous rates and terms to experienced investors like this one. Whether you invest in Atlanta or any other market across the nation, Lima One fix-and-flip financing provides the answers you need. Get started today to discover the Lima One difference.
Fix and Flip Loan By the Numbers
- Interest Only
- Purpose: Purchase Property and Rehab
- Loan Amount: $154,000
- Property Purchase: $61,000
- Rehab Budget: $110,00
- After-Rehab Value (Appraised): $238,000
- Loan LTV: 65%
- No interest on undrawn rehab funds
- Term: 13 months
- Sale Price: $285,000
- Profit: $100,000+