New Construction Loan – Greenville, SC
Lima One Capital views itself as the premier lending partner for real estate investors. Our goals are always the same: provide clients with best-in-class, premier customer service and help them accomplish their goals.
We’re able to accomplish this through our new construction loan program. It’s a program built for builders and offers flexible terms designed to help investors execute their investment strategies and secure the funding they need for projects ranging from build to rent housing to model homes to teardown/rebuild projects.
In this deal, Lima One helped a local builder secure funding for three ground-up construction projects across the Greenville area. This building team has built hundreds of luxury custom homes in North and South Carolina.
With Lima One’s help, this builder will be able to add three new homes in the Upstate.
New Construction Loan By the Numbers
- Loan Amount: $1.1M
- 3 lots
- ARV: $1.5M
- Loan to ARV: 74%
- Loan Term: 13 months
- Purchase Price: $295K
- Construction Budget: $950K