Rental Portfolio Loan – Indianapolis, Indiana
A repeat customer approached Lima One for a cash-out refinance loan on a 63-property portfolio in Indianapolis, Indiana. Lima One was able to provide a $4.1 million Rental30 Premier® loan at 60% loan-to-value leverage to help this sponsor continue to scale his real estate investment business.
This sponsor took advantage of Lima One’s flexible term options, choosing a 10-year interest only loan at 2021’s historically low interest rates. The result is maximum cash flow on these 63 properties.
Rental Portfolio Loan By the Numbers
- 63-Property Single-Family Rental Portfolio
- Loan Purpose: Cash-Out Refinance
- Loan Amount: $4.1 million
- Loan-to-Value Leverage: 60%
- Loan Term: 10 years
- Interest Only