Case Study: McCormick, SC Modular Home Builder accelerates 15 modular home builds with Lima One Capital

McCormick, SC Modular Home Builder finances 15 builds in 6 months with Lima One Capital

A modular home builder in McCormick, South Carolina, needed financing for his first development of 15 homes. His challenge was finding a lender willing to underwrite modular construction in a smaller market and who could move quickly. He approached Lima One Capital for a new construction loan.

Lima One Capital provided a solution by financing all 15 builds with loans specifically designed for modular construction. The lender used internal valuations to close at a fraction of the normal speed. Lima One's offer of commitment funding with no interest charged on undrawn funds saved the borrower a significant amount in interest costs, and their responsive in-house team quickly released construction draws throughout the six-month project.