All Forum Posts by: Justin Thompson

Andrew, 

I'm sorry for the delay in my response (my BP notifications have been very inconsistent). I'll be reaching out directly to address your concerns.

Originally posted by @Andrew Bowlds:

I'm fighting this with Lima One right now. I'm trying to push a deal through them, and they keep kicking back the deal for the things such as listing "AC" separately on the budget form from "HVAC System" and it's causing us to nearly lose a deal. We addressed the issue on the budget, and sent back into Lima, and it has taken them still over an entire day to get back with us to tell us if the deal is approved for closing or not. I understand that things can get busy, but if their underwriters are unable to handle the case load, they either need to increase their staff to keep up with demands, or not take on a case load that they can't handle. There is no need for investors to lose deals over this negligence. Hoping this gets taken care of, and my client is able to close by their (now extended) deadline of Monday afternoon. This is an excellent buyer, with enough cash in reserves to purchase the property outright. I was hoping to use Lima on other deals, but after this, it's going to be difficult to refer other clients that way unless we can get something worked out quickly. Looking for someone from Lima One to reach out and address this if possible!

Myles,

At Lima One Capital we pride ourselves in our ability to provide industry leading investor financing paired with a great customer service experience. I'm very sorry your experience did not meet that. We always strive to be transparent in our programs, process, and fees.

Myles, our support team will be in touch with you directly.

Thank you,

Lima One Capital

Hi @Eric Woods, 

Some similar info was discussed in a recent thread here. Let me know if I can assist in your decision making!

Hi @Aja McClanahan, thanks for the mention. I will check on your file first thing tomorrow morning and reach out via direct message to update. 

@Mike Behan I just shot you a direct message. We will get this remedied. 

@Michael Hayes Thank you for the tag! 

@Dipti B. 

I am very sorry to hear about your experience. We will be in contact with you directly to address your concerns and the specifics of your file.

We pride ourselves on maintaining a high level of customer service and are always looking to improve our processes. We work closely with our borrowers to get their investment properties financed in a timely manner. 

We greatly value the feedback from the BiggerPockets community.

If anyone has any questions about Lima One Capital please reach out to me!

Hi all, Disclosure: I work for Lima One Capital. We recently debuted our FixNFlip Advantage across our entire lending area. We start at 3.5% Origination and 12% Interest. Will go down to 2% Origination and 10% Interest based on experience. Our Rental30 is also a great option for purchase or refinance. Uri, we look forward to talking to you!

Hi Matt, 

We do not have a minimum or maximum loan amount for this program. 

Hey everyone, wanted to introduce the FixNFlip Advantage program from Lima One Capital. We are a fully-financed, direct lender with competitive programs for both short-term and long-term financing. With finance investors of all experience levels with their fix-and-flip and rental projects. We close your loans quickly, provide excellent customer service, and charge absolutely no junk fees or hidden costs.

FixNFlip Advantage

For purchase and rehab, construction, and new construction projects.

As low as 2% Origination and 10% Interest – Determined by your number of completed flips

Rates starting at 3.5% Origination and 12% Interest (with no experience necessary)

65% Loan to After-Repair-Value

13-Month Term

NO Junk Fees

Available now in 36 States + Washington D.C.

Close in 7 Business Days

No restrictions on the number of deals you do with us

We provide 80% of purchase + rehab costs

20% Down payment from borrower

No pre-payment penalty

We lend to foreign nationals

Minimum credit score – 630

Both myself and my colleague Cortney Newmans are here to answer any questions you may have!

If you’re ready to get started, our quick online application is available here. We can get you pre-approved for Lima One Capital financing in less than 48 hours.

You can also find the complete FixNFlip Advantage chart (and information on all of our programs) here.

Hey everyone, wanted to introduce the FixNFlip Advantage program from Lima One Capital. We are a fully-financed, direct lender with competitive programs for both short-term and long-term financing. With finance investors of all experience levels with their fix-and-flip and rental projects. We close your loans quickly, provide excellent customer service, and charge absolutely no junk fees or hidden costs.

FixNFlip Advantage

For purchase and rehab, construction, and new construction projects.

As low as 2% Origination and 10% Interest – Determined by your number of completed flips

Rates starting at 3.5% Origination and 12% Interest (with no experience necessary)

65% Loan to After-Repair-Value

13-Month Term

NO Junk Fees

Available now in 36 States + Washington D.C.

Close in 7 Business Days

No restrictions on the number of deals you do with us

We provide 80% of purchase + rehab costs

20% Down payment from borrower

No pre-payment penalty

We lend to foreign nationals

Minimum credit score – 630

Both myself and my colleague Cortney Newmans are here to answer any questions you may have!

If you’re ready to get started, our quick online application is available here. We can get you pre-approved for Lima One Capital financing in less than 48 hours.

You can also find the complete FixNFlip Advantage chart (and information on all of our programs) here.