Fix and Flip Loan – Greer, 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 purchased this custom-built home in Greer situated on the eighth hole of Thornblade Club’s golf course. With 6 bedrooms and 6 bathrooms, two kitchens, two laundry rooms and two 2-car garages, this gorgeous home has more than 6,000 square feet.
The investor who purchased this home did so with plans to update the home and upgrade all the outlet covers, doorknobs, and flooring in the house.
His rehab plans include removing all the wallpaper and painting all the interior walls, replacing all the appliances, faucets, and cabinet doors. With Lima One’s help, these investors were able to secure the funding necessary to restore this home.
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: $745,500
- ARV: $1.1M
- Loan to ARV: 68%
- Loan Term: 13 months
- Purchase Price: $720K
- Construction Budget: $133K