I contacted Lima one, and the same day i was issued a generic pre approval based on a bank balance and credit score alone for over $1MM, unfortunately they are not lending in IL so I will keep that option open when we are looking in other states.

You will most likely see this with much higher priced properties or maybe if you have an established relationship with the bank.For the single family and 1-4 multifamily investors out there a lot of private money is now catering to these types of investors, think B2R and Lima One Capital.

(We'd be there still if not for the irresistible lure of overseas spots like Medellín, Colombia and Lima, Perú!)

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

Check out Lima One Capital at limaonecapital.com they have a variety of program options 

Tim, I've spoken to Lima One Capital a few times.

@Jeff M.try Lima One--based in SC, do business in NC...try Longhorn if Lima doesn't work out.

I have had good experience with Lima One (from the East Coast) and Veristone Capital (Seattle) investing in Spokane, even though they aren't local. 

Try Lima One.  

@Jason Burt lima one capital.