Lima One Capital, a premier specialty lender, opens office in Las Vegas.
LAS VEGAS, Nev. — Residential real estate investors in Nevada have a new set of financing options. Lima One Capital, a specialty lender with operations in 42 states and Washington, D.C., began lending in the state as part of the company’s multi-state expansion. The company, which has also opened an office in Las Vegas, has named Jon Jones as its Las Vegas-based business development representative. Jones has a storied career in real estate and business development that spans two decades.
“We’re glad to now be able to serve investors across Nevada. We built our company on core values that include providing a best-in-class customer experience with phenomenal value, and as a result, we continue to see increased demand for the loans that we offer,” said John Warren, CEO and founder of Lima One Capital. “I’m also glad that we have Jon on board to lead our company’s expansion throughout Nevada. He is an exceptional talent.”
Lima One Capital set a new standard in real estate investment lending when, in 2011, the company began offering its short-term FixNFlip product to investors wishing to rehab a home without residing in it. Then in 2015 the company launched the Rental30 loan to service the $1.5 trillion rental home market and fully complement its suite of loan products, which also includes multifamily and a cash-out loan. Lima One Capital is an institutionally backed lender that is able to finance any size deal. The company lends to large-scale and small-scale investors, including first-time investors.
According to Jones, who will head up the Las Vegas office, “Lima One Capital occupies a unique position in the lending space as our loans hold distinct advantages over those offered by traditional banks. We offer a streamlined underwriting process, and our deals close in as little as 10 days. That enables our customers to better compete with cash buyers for the lowest sale prices.”
About Lima One Capital, LLC
Lima One Capital is a specialty finance company, founded by Marines, that originates first-mortgage loans to real estate investors on non-owner occupied investment properties nationwide. Lima One’s core loan products are the Rental30, a 30-year, fixed-rate, fully amortizing loan for landlords purchasing or refinancing residential rental properties, the FixNFlip, a 13-month bridge loan for investors who are buying and rehabilitating properties, and a Multifamily program for the purchase or refinance of 5+ unit fix-and-flip properties.
Lima One has over 70 employees and has been recognized as “The Fastest Growing Company” in the state of South Carolina. The company recently participated in its first rated securitization as lead originator for its Rental30 product.