Case Study: Middle-housing Developers in Los Angeles add four ADUs with Lima One Capital

Middle-housing Developers in Los Angeles finance 4 ADUs with Lima One Capital

The customer, middle-housing developers in Los Angeles, faced the challenge of financing the complex construction of four accessory dwelling units (ADUs). They needed a lender who could use a commercial appraisal to underwrite the project based on the unique value of ADUs and close the loan efficiently. They sought a solution from vendor Lima One Capital.

Lima One provided a New Construction ADU loan, working closely with the developers to navigate appraisal and insurance issues. The solution was a $2.133 million loan with a $1.13 million construction budget. This financing allowed the developers to increase their property value by at least $1.75 million and create four new housing units, demonstrating the powerful impact of Lima One's lending solutions.

Middle-housing Developers in Los Angeles