Rental Portfolio Loan – Nashville, TN
Lima One’s Rental30 Premier® loan is popular among real estate investors who have multiple single-family rentals in a portfolio because it gives the investor an opportunity to scale their business by accessing the cash and equity in their rental portfolio.
This investor wanted to do a cash-out refinance on the portfolio so he could access the equity in the portfolio in order to continue growing his business. By choosing Lima One, the investor group was able to get the cash they needed at closing, and they were able to lock in a low interest rate.
Rental Portfolio Loan By the Numbers
- 33-property portfolio
- Loan Amount: $5.1M
- Appraised Value: $6.9M
- LTV: 75%
- Loan Term: 30 years