Rental Portfolio Loan – Rochester, NY
Real estate investing isn’t “one-size fits all.” Different investors have different needs and goals, and Lima One prides itself on offering a robust product suite designed to help investors find the financing solution they need.
Lima One recently got the opportunity to work with a New York-based investor looking to access the equity in his 13-property portfolio to buy more rental homes. Lima One’s Rental30 Premier® portfolio loan offered this investor the flexibility he was looking for, while taking advantage of historically low rates.
The investor worked with one of our broker consultants to first get approved for Lima One’s industry-leading line of credit. Lima One was able to provide a $1 million loan covering 13 homes scattered around Rochester, NY neighborhoods. The investor can now use the cash out of this transaction to continue to build their real estate business as well.
Rental Portfolio Loan By the Numbers
- 13-property portfolio
- Loan Amount: $1.04M
- ARV: $1.4M
- Loan to ARV: 72%
- Loan Term: 30 years