Rental Portfolio Financing – Lithonia, GA
When it comes to funding real estate investments, Lima One Capital prioritizes helping each investor find the loan products they need to meet their investment goals.
Recently, Lima One got the opportunity to work with a Georgia-based investor on two deals that included a total of 77 properties in Lithonia, GA.
With these deals, Lima One was able to help this investor get the funding he needed to purchase 61 single-family properties and do a cash-out refi on the remaining 16.
Rental Portfolio Loan By the Numbers
- Purpose of the Loan: Cash-out Refinance/Purchase
- 77-property portfolio
- Loan Amount: $5.02M
- Appraised Value: $8.3M
- Loan to Value: 60%
- Loan Term: 30 years