Completed a BRRRR with Lima One

[Kalimah Jenkins]

I figured that I would post about my experience with Lima One Capital since there are always so many quesitons about PMLs. I needed to refinance two buy and holds but couldn't traditionally qualify. After much research, I decided to use Lima One. The experience was pretty painless and I thought their rate/fee structure was one that I could swallow. The process took about 45 days (about 15 was attributed to my going on vacation, etc.). I took the max 75% LTV at a 6.25% rate. I could've taken as low as 65% at 5.75%. While these rates are higher than conventional, they were lower than many others that have rates in the 8s and 9s.

Hope this helps.