Lima One Capital LLC
Smart Investments Start With Great Partnerships
- Nicolai Lipscomb
Senior Loan Officer
Rehab Loan | |
| Property Types | 2-4 Units, Condo, SFR |
| Lendding Area | alabama, arizona, arkansas, california, colorado, connecticut, delaware, florida, georgia, hawaii, idaho, illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, montana, nebraska, nevada, new-hampshire, new-jersey, new-mexico, new-york, north-carolina, north-dakota, ohio, oklahoma, oregon, pennsylvania, rhode-island, south-carolina, tennessee, texas, utah, virginia, washington, west-virginia, wisconsin, wyoming |
| Terms | 1 year, 18 month, 2 year |
| Credit Score Min | 700 |
| Recourse | Non Recourse |
| General Pricing or Guideline info | N-HOUSE SERVICING | INTERNAL VALUATIONS* | CONSTRUCTION MANAGEMENT |
| Updated as of | 2023-01-18 |
Bridge Loan | |
| Property Types | 2-4 Units, Condo, Multi Family, SFR |
| Lendding Area | alabama, arizona, arkansas, california, colorado, connecticut, delaware, florida, georgia, hawaii, idaho, illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, montana, nebraska, nevada, new-hampshire, new-jersey, new-mexico, new-york, north-carolina, north-dakota, ohio, oklahoma, oregon, pennsylvania, rhode-island, south-carolina, tennessee, texas, utah, virginia, washington, west-virginia, wisconsin, wyoming |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $3,000,000 |
| Terms | 1 year, 18 month, 2 year |
| Credit Score Min | 700 |
| Recourse | Non Recourse |
| General Pricing or Guideline info | Occupancy guidelines – we can close on a property if it is vacant but we will use 90% of market rent to determine the dscr in those situations. Discounted origination fee on refinance >> Draw fee reduced for portfolio loans* to $150 per Draw, per Property. ($225 for single asset loans) |
| Updated as of | 2023-01-18 |
Rehab Loan | |
| Property Types | 2-4 Units, Condo, Multi Family, SFR |
| Lendding Area | alabama, arizona, arkansas, california, colorado, connecticut, delaware, florida, georgia, hawaii, idaho, illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, montana, nebraska, nevada, new-hampshire, new-jersey, new-mexico, new-york, north-carolina, north-dakota, ohio, oklahoma, oregon, pennsylvania, rhode-island, south-carolina, tennessee, texas, utah, virginia, washington, west-virginia, wisconsin, wyoming |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $3,000,000 |
| Terms | 18 month, 30 year |
| Credit Score Min | 700 |
| Recourse | Non Recourse |
| General Pricing or Guideline info | Fix-to-rent rehab loans are a 2 time close program – one for 13 or 19 months to purchase and renovate and then a refinance into a 30 yr. term loan. N-HOUSE SERVICING | INTERNAL VALUATIONS* | CONSTRUCTION MANAGEMENT |
| Updated as of | 2023-01-18 |
Long Term Commercial Loan | |
| Property Types | Multi Family |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $9,000,000 |
| Credit Score Min | 700 |
| Interest Only or Amortized | Amortized and Interest Only Options available |
| Lien Position | 1st |
| Recourse | Recourse and Non Recourse available |
| General Pricing or Guideline info | MULTIFAMILY LENDING Fast, Common Sense Multifamily Loans Close With Speed, Simplicity, And Reliability When speed, simplicity, and reliability of execution are critical in a multifamily transaction, clients turn to Lima One Capital as the go-to private lender. Value add stabilized icon VALUE ADD OR STABILIZED Calendar icon BRIDGE OR LONG TERM People icon SMALL BALANCE & MIDDLE MARKET LENDING OPTIONS People icon EXPERIENCED OPERATORS, SYNDICATIONS, & INSTITUTIONAL SPONSORS Our sales, credit, and capital markets teams have decades of experience structuring and placing multifamily loans across the country. We offer a full suite of products for every investment strategy—from simple bridge, rehab, and long-term stabilized loans to the most complex structured finance solutions. With significant balance sheet and capital markets capabilities, investors and bankers alike turn to Lima One Capital for all of their private lending and multifamily loan needs. Long-Term Hold Financing for investors looking to hold and cash out their stabilized multifamily property for the long term. Loans up to $9MM 5-100 units All market sizes Amortized and interest-only options Low seasoning requirements As low as 80% occupancy Out-of-state owners and foreign nationals Non-recourse available |
| Updated as of | 2022-01-01 |
Construction Loan | |
| Property Types | 2-4 Units, Condo, Multi Family, SFR |
| Lendding Area | alabama, arizona, arkansas, california, colorado, connecticut, delaware, florida, georgia, hawaii, idaho, illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, montana, nebraska, nevada, new-hampshire, new-jersey, new-mexico, new-york, north-carolina, north-dakota, ohio, oklahoma, oregon, pennsylvania, rhode-island, south-carolina, tennessee, texas, utah, virginia, washington, west-virginia, wisconsin, wyoming |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $3,000,000 |
| Terms | 1 year, 18 month |
| Credit Score Min | 700 |
| Recourse | Recourse and Non Recourse available |
| General Pricing or Guideline info | Personal guarantees are required unless they choose the non-recourse option in the fix-n-flip, bridge, or new construction loans – borrowers only qualify for the non-recourse option if they have at least 5 deals in the last 3 years. Loans for builders with shovel-ready lots or teardown projects. Spec houses or model homes, infill, teardown, or subdivisions. >> New Construction: Increase Lot LTC from 60% to 65% Increased LTARV from 65% to 70% Continuing to fund 100% of vertical construction costs. |
| Updated as of | 2023-04-04 |
Summary of all Guidelines | |
| Loan Types | Bridge Loan, Commercial Loan, Construction Loan, DSCR Loan, Hard Money Loan, Rehab Loan |
| Property Types | 2-4 Units, Multi Family, SFR |
| Lendding Area | alabama, arizona, arkansas, california, colorado, connecticut, delaware, florida, georgia, hawaii, idaho, illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, montana, nebraska, nevada, new-hampshire, new-jersey, new-mexico, new-york, north-carolina, north-dakota, ohio, oklahoma, oregon, pennsylvania, rhode-island, south-carolina, tennessee, texas, utah, virginia, washington, west-virginia, wisconsin, wyoming |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $10,000,000 |
| Interest Rate Minimum | 6% |
| Interest Rate Maximum | 12% |
| Points Maximum 1st TD | 3.5 |
| Terms | 5 years, 10 years, 20 year, 30 years |
| Credit Score Min | 630 |
| Interest Only or Amortized | Interest Only, Amoritzed |
| LTV Bridge | 80 |
| LTC Construction | 90 |
| Upfront Fees | Appraisal, Credit Report, Underwriting |
| ARV Rehab & Construction | 75 |
| LTC Rehab | 90 |
| LTV Long Term Rental | 80 |
| Personal Guarantee /Recourse Required | Personal Guarantee Not Required / Non-Recourse |
| Intended Occupancy | Vacant, Tenant |
| Rural Acceptable | Max 2 Acres |
| Percentage of Budget Financed - Rehab | 100 |
| LTC Percentage of Budget Financed | 100 |
| NMLS ID | 1324403 |
Successful real estate investing takes a team of highly skilled experts all working toward the same goal. At Lima One we truly believe in the importance of being a reliable part of our clients’ teams and in helping them achieve their goals. From initial conversation to final payoff, we’re here for you.
Lima One Capital LLC is located in Greenville, SC. They offer financing for Bridge Loans, Hard Money Loans, DSCR Loans, Commercial Loans, Rehab Loans and Construction Loans. The property type they primarily lend against is Multi Family, SFR and 2-4 Units. Their minimum loan amount is $75,000. Their maximum loan amount is $10,000,000. They offer loans for a minimum Term of 1 year. Maximum duration of 5 years;10 years;20 year;30 years. Although rates can change they are typically lending at a minimum rate of 6%. Maximum interest rate of 12%. Points charged are deal specific, but historically have charged a minimum of 0. Maximum points charged are 3.5.
These descriptions are limited information and meant for general reference purposes. 300 East McBee Avenue Suite 300
Greenville,
SC
29601
Lima One Capital, LLC / 201 E. McBee Ave. Suite 300. Greenville, SC 29601/ (800) 390-4212 / Lima One Capital, LLC does not lend in Alaska, North Dakota, South Dakota, or Vermont. / Arizona Mortgage Banker License #0949706 / Florida Mortgage Servicer License # MLD1662 / Idaho Mortgage Broker/Lender License # MBL-2081324403/ Minnesota Residential Mortgage Originator License # MN-MO-1324403/ Nevada Mortgage Company License #5304/ Oregon Mortgage Lender License # ML-5397/ Utah-DRE Mortgage Entity License # 11755492 / Licensed as a California Finance Lender under the Department of Business Oversight License #60DBO-45834
