Rental Portfolio Loan – Chattanooga, TN
When investors come to Lima One, they except best-in-class, premier customer service, low rates, and flexible terms. We pride ourselves on making sure each investor we work with walks away with a wonderful experience.
Our Rental30 Premier® loan is designed to give investors the chance to refinance an existing rental portfolio that contains five or more properties. Recently, Lima One had the opportunity to work with a Chattanooga, Tennessee-based investor looking to refinance his portfolio of townhomes and duplexes.
Not only was Lima One able to refinance the portfolio and secure a low rate for the investor, but we were also able to help this investor take advantage of our Line of Credit program. With a Lima One Line of Credit, investors have access to the money they need in order to rehab or upgrade their properties.
Rental Portfolio Loan By the Numbers
- Purpose of the Loan: Cash-out Refinance
- Loan Amount: $4.7M
- 29 units
- ARV: $6.2M
- Loan to ARV: 76%
- Loan Term: 5-year IO Balloon
- Interest Only