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Lima One Capital LLC

Construction Loan
Non Ground -up Construction - LG88

Lima One Capital LLC

Summary of all Guidelines

Loan Types 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 660
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

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.

Loanss 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.

These descriptions are limited information and meant for general reference purposes.