they are based in Utah.so its semi Guru back end stuff you see come out of Utah.. and its a great way for a company to make 3k for their turn downs.there has been many a post were borrowers put up the 3k paid for numerous submissions and none of the deals were good enough for their underwriting and they are out all that money.. not to mention a few that lost EM as well thinking they had the loan secured.. now this is documented on numerous BP threads on the company.on the flip side I have seen a few post were folks actually got a loan.Also the owners will come on and say what do you expect this is 100% financing and we are taking all this risk with what are basically and pretty well guaranteed newbies doing their first deal.. if they were not they would be at Lima One or lending home or someone like that.So that's the skinny on this company..

I have a large LOC out with Lima One as we are actively involved on the build side ourselves. 

I have a local lender and then I have a good contact at Lima One Capital.

Hi Brittany, there is a local BP meeting in April 20 and there will be a special guest from Lima One Capital.

Find a local credit union or community bank for relationship lending.Here is a link, or search yourself, for non-qm loans: Non QM loansAnd then the big boys, the nation wide portfolio lenders: Corevest, LendingOne, Visio, FOAC, Lima One and more...

I had a horrible experience with Lima One Capital.

We work with many of the BP sponsors as subcontractors, the big one doing draws for Lima One Capital.

You'll need a very large loan pool for the principal amounts received to be enough to put bak in circulation.

I am in Ohio, not to far from you in Lima.  

Just a reminder, that we are still having our BP meet up tomorrow night at 6:00.I know there will be at least 5-10 people coming, but the more the merrier.Thanks,AaronCleveland, Akron, Youngstown, Lakewood, West Lake, Lorain, Avon, Bay Village, Middleburg Hts, Rocky River, Brunswick, North Royalton, Strongsville, Medina, Parma, Lima, OH, Ohio