Rental Portfolio Refinance for 9 Homes in Fort Worth, TX

Funded by Lima One Capital

2,078,000

Deal Details

Private Loan Type

Equity Cash Out

Approx. Funding Date

01/31/2022

Property Type
Portfolio of Residential Properties
Single Family Residence
Property City

Fort Worth

Property State

TX

Lien Type

1st Trust Deed

Payment Type

Amortized

Property Value

$2,770,000

Previous Loan Balance

$2,078,000

Loan-to-Value

75%

Term

30 years

Rate Type

Fixed

Property Neighborhood

Fort Worth

Location Type

Urban

Property Condition

Excellent

Occupancy at Closing

Tenant-Occupied

Number of Units

9

Borrower's Plan

Continue Rental

Exit Strategy

Refinance

Deal Highlights

9 property portfolio across Fort Worth, Dallas, and Burleson.
Fixed rate, fully amortize
Cash out refinance with long-term interest rate.

Deal Summary

In the rising interest rate environment of 2022, many single-family rental investors looked for certainty. This Texas investor wanted to get cash out of the equity of his rental portfolio in Fort Worth, Dallas, and Burleson, Texas, but also wanted to lock in 2022’s rates for the long term. So he set out on a search for a fixed-rate, fully-amortizing 30-year loan as a cash-out refinance. The investor chose to partner with Lima One Capital in order to capitilize on the opportunity to lock in a fixed-rate over a full 30-year term. Most private lenders do not offer investors this kind of long-term interest rate security on cash-out refinances. Lima One’s team worked with the investor to optimize the portfolio makeup and maximize leverage, using the right mix of properties with qualifying debt-service coverage ratios to secure 75% on the cash-out refinance. Lima One’s in-house servicing team worked efficient and dynamic in ensuring the investor ended up with a loan that allowed him to continue to scale his portfolio and build his real estate empire. The subject property was in excellent condition and tenant-occupied at closing. The Borrower plans to continue leasing the property at the market and eventually refinance as an exit strategy. The loan term was set at 30 years. This rental portfolio refinance loan was funded in January 2022.

Funded By

Lima One Capital

The Nation's Premier Lender for Real Estate Investors

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