All Forum Posts by: Kj Rustom

yes I work in Cobb County. Alec send me a message with what you’re looking for

@Myles Daniel I agree, stay far away from Lima One and search for other hard money if you cannot find private funding. I also had a horrible experience recently with Lima One Capital that left me with a lost deal 3 days before closing. Their team also did not explain processes, waits too long to review and communicate items back to their customers. Lima One Capital review average on all online platforms is mixed to negative at best. I was in a hard place and needed a new lender asap and was referred to Lima One. Two items they are terrible at is their communication and transparency. They are also very "salesy". One of their fix and flip sales consultants, Brandon Campbell, bombarded me with calls for 6 months. I finally decided to move forward with them because I lost my main lender due to them being bought out and canceling programs. I later find out he's just your typical salesman who once he gets you in the door, communication goes out the window. 

I was approved for funding, working on my third flip in 6 months, and everything was going somewhat smoothly. Then their third party appraiser, who they swore was vetted, appraised the home $60K below my ARV. I was at a loss for words because I have a financial background and I run numbers very well, and also do not try to make a bad deal work like a lot of flippers. I contested and it was raised $15K. So I either had to bring $40K more to the deal or the seller had to drop the price; neither happened and weeks of work and money was lost. No one took responsibility for this appraiser and his work, as being that far off is unheard in Atlanta. The appraiser did not have any online reviews which also told me he does not do a lot of appraisals, or has another full-time job. I've also been doing this long enough to know values of homes.

Again, their are plenty of hard money lenders out there that are a lot better than the level of service you'll receive from Lima One Capital.

@Myles Daniel I agree, stay far away from Lima One and search for other hard money if you cannot find private funding. I also had a horrible experience recently with Lima One Capital that left me with a lost deal 3 days before closing. Their team also did not explain processes, waits too long to review and communicate items back to their customers. Lima One Capital review average on all online platforms is mixed to negative at best. I was in a hard place and needed a new lender asap and was referred to Lima One. Two items they are terrible at is their communication and transparency. They are also very "salesy". One of their fix and flip sales consultants, Brandon Campbell, bombarded me with calls for 6 months. I finally decided to move forward with them because I lost my main lender due to them being bought out and canceling programs. I later find out he's just your typical salesman who once he gets you in the door, communication goes out the window. 

I was approved for funding, working on my third flip in 6 months, and everything was going somewhat smoothly. Then their third party appraiser, who they swore was vetted, appraised the home $60K below my ARV. I was at a loss for words because I have a financial background and I run numbers very well, and also do not try to make a bad deal work like a lot of flippers. I contested and it was raised $15K. So I either had to bring $40K more to the deal or the seller had to drop the price; neither happened and weeks of work and money was lost. No one took responsibility for this appraiser and his work, as being that far off is unheard in Atlanta. The appraiser did not have any online reviews which also told me he does not do a lot of appraisals, or has another full-time job. I've also been doing this long enough to know values of homes.

Again, their are plenty of hard money lenders out there that are a lot better than the level of service you'll receive from Lima One Capital.