Lima One Capital Provides Financing for 216-Bed Student Living Portfolio in Tallahassee, Florida
HomeNewsLima One Capital Provides Financing for 216-Bed Student Living Portfolio in Tallahassee, Florida
June 28, 2019 | 
Lima One Capital Provides Financing for 216-Bed Student Living Portfolio in Tallahassee, Florida
This post was originally published on this site

GREENVILLE, SC – Lima One Capital, the nation’s premier lender for real estate investors, recently financed a 108-unit, 216 bed, student living portfolio in Tallahassee, Fla. This large-scale investment was underwritten and funded within 16 days and further establishes the company’s overall growth in the multifamily investment space.This project is a prime example of Lima One Capital’s competitive advantage in this evolving sector through their efficient process, streamlined underwriting, and elite customer service for small balance and middle market multifamily deals. The investors came to Lima One Capital needing to close quickly after their current lender was unable to meet their purchase deadline.“Student living deals take on an entirely new risk profile,” said Brian Cauthen, Lima One Capital’s director of multifamily and commercial financing. “Most traditional lenders aren’t able to streamline the underwrite due to the nuances of value alpha as it relates to deal-specific risks. When we looked at the properties in Tallahassee, we gathered specific knowledge of the advantages and worked together with the sponsors who had significant expertise.”Since launching the multifamily program in the fall of 2016, Lima One Capital has financed small and middle-market multifamily deals across the country. In addition to multifamily financing in 45 states, Lima One Capital also offers FixNFlip and Rentalproperty financing nationwide.“The deal was to gain more coverage in proximity to ‘college town,’ a newer development of student living and dining which has seen unprecedented growth over the last five years,” said Diane Sugrue, Lima One’s senior analyst. “It created a ‘location arbitrage’ that would be easy to overlook. Fortunately, between the sponsors experience along with Lima One’s familiarity to the market, we were able to streamline the approval and ultimately close in record time.”

Similar Stories
  • September 9, 2019
    8 Characteristics of the Best Rental Markets When learning about buying rental property, real estate investors are...
  • September 4, 2019
    Single-Family Rental Construction Gaining Steam and Market Share Welcome to Chatter! We’re happy to be your source for...
  • July 23, 2019
    Home Price Growth Analyzed U.S. home prices rose by 0.1% in May month over...
  • July 18, 2019
    NFIP Has Paid Over $1B in Florida Since Irma FEMA’s National Flood Insurance Program (NFIP) has paid more than...
  • July 18, 2019
    10 Reasons Investors Have Fallen in Love with SFR Real Estate Single-family rentals (SFRs) have been attractive to me from the...
Contact Us Call us or connect with us online.
License # CGC 1525683
Send Us A Message

First Name*
Last Name*
Customer Message*
Lead Source
By submitting this form, you are opting to receive communications from Propel Builders via the phone number and/or email address provided. Propel Builders will never share or sell your information. You may opt out at any time.