Lima One Capital
201 East McBee Avenue, Greenville, SC 29601
https://www.limaone.com/
Internal Reviews
(0 reviews)
Total loans closed with Loan Factory
0
Total loans closed with Loan Factory (past 12 months)
0
Lender overview
Basic information
Mortgagee Clause Lima One Capital, LLC ISAOA/ATIMA c/o Lee & Mason Financial Services, Inc. P.O. Box 8485, Reston, VA 20195
Secondary or subordinate financing is not permitted with L1C Loan Products CLOSING PROTECTION LETTER The Closing Protection Letter (CPL) must name Lima One Capital as the Covered Party, each collateral property must be named under Premises/Real Estate Transaction, and the insurer must be named as the Licensed Agent. The CPL(s) must be verified in a manner acceptable to Lima One Capital prior to closing. Title commitments and CPLs can be verified prior to closing via an approved 3rd party Verification of title vendor.
Lock policies & Fees
Lock Policies
No Lock extension
No relock
Lender's niche & Overlays
- We accept TBD and can issue the approval letter , which other Private Lenders won't do.
- Use the highest borrower's representation (credit, tier, etc...)
- Counting multifamily experience.
Example: If the borrower did one 20 units in previous years. Lima One will use 50% of the units and count that as 10 transactions.
- Other Lenders will only count that as 1 transaction.
Lender turn time
1
2
N/A
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