New Construction Loan – Nashville, TN

Ground-up construction is a huge portion of Lima One’s business. Builders from across the country approach us in need of funding for projects ranging from build to rent housing to model homes to teardown/rebuild projects.

The Tennessee-based investor behind this deal sought funding to build three single-family units. From the interior to the exterior, the units in this triplex are designed with modern-day renters in mind. Located just outside of downtown Nashville, this investor took advantage of a great location for his construction project.

New Construction Loan By the Numbers

  • Loan Amount: $736K
  • 3 units
  • ARV: $1.07M
  • Loan to ARV: 69%
  • Loan Term: 30 years
  • Purchase Price: $192,500
  • Construction Budget: $601K

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