Case Study: Denver, Colorado Builder achieves a profitable teardown-rebuild project with Lima One Capital

Denver, Colorado Builder finances a $2.68M teardown-rebuild project with Lima One Capital

A Denver, Colorado builder faced a challenge securing financing for a teardown/rebuild project. Lenders were unwilling to adequately leverage the lot's purchase price, and he needed a longer, 19-month construction loan. He turned to Lima One Capital for a solution.

Lima One Capital provided a construction loan, financing 90% of the total project cost. This included a 75% loan-to-cost on the lot purchase, which was vital for the project's feasibility. The $2.68 million loan enabled the 19-month project, resulting in a $3.7 million after-repair value and a profit of over half a million dollars for the builder.