Lima One Capital
Home Finance Lima One Capital types and rates

Lima One Capital types and rates

by Eric
83 views

Lima one capital is the nation’s premier lender that provides hard loans to investors and home builders. The founder of this company is John Warren. It provides both short-term and long-term loans for fixes and flips or for multiple-family properties. This is very helpful for investors who need a large amount for investing in their business.

Loan types:

It provides three types of loans:

  1. Fix and flips loans ( This is a short-term loan financing for rehabs ).
  2. Rental loans (long-term financing for rentals ).
  3. Multi-family property loans (short-term financing for rehabs of properties of 5 or more units ).

Fix and Flips Loans rate and fees:

Loan rates and types are different at different levels. There are five levels of fix n flip loans, their origination fees and loan rates are discussed below.

At the first level, origination fees are 2-3% and the interest rate is 9.75 – 11.5%.

At the second level, origination fees are 1.75 – 2.5% and the interest rate is 9.25 – 10.5%.

At the third level, origination fees are 1.25 – 2.0% and the interest rate is 8.5 – 9.5%.

At the fourth level, origination fees are 1 – 1.75% and the interest rate is 8-9%.

At the fifth level, origination fees are 1 – 1.5% and the interest rate is 7-8%.

Rental loan rates and amount:

There are different types of loans and for each type, the amount is different and loan rates are also different.

  • ForRental 30, interest rate is 5.5 – 7.75%  and loan amount for this type of loan is $50,000 – $1,000,000. However, the maximum Loan to value ratio (LTV) for this type of loan is 75%.
  • For Rental30 Premier, the interest rate is 6 – 7.9% and the loan amount for this type of loan is starting from $500,000 ( and five Properties ). However, the maximum LTV for this type of loan is 80%.
  • For Rental 2+1, interest rate is N/A and loan amount for this type of loan is $50,000 – $2,500,000. However, the maximum loan to value ratio for this type of loan is 75%.
  • ForFix2Rent, interest is fixed for 13 – 19 months and loan amount for this type of loan is $75,000 – $5,000,000.
  • For Build2Rent, interest is fixed for 13 – 19 months and the loan amount for this type of loan is $75,000 – $5,000,000.

Multifamily property loans:

The following types of loans are given in it. First is value-added rehab the term for this type of loan is 2 years, and its interest rate is starting from 8.125%. Loan amount for this type of loan is $250,000 – $7,500,000.

The second is stabilized the term for this type of loan is two years, and its interest rate is starting from 7.125%. Loan amount for this type of loan is $250,000 – $7,500,000. Read more about Top tips for finding the best urgent cash loan online.

Top competitors of Lima One Capital:

Following are the top Competitors of Lima One Capital:

  • Faster-Funds Lending. $19 Million.
  • Secure One Capital. $23 Million.
  • Hanover Mortgage. 289. $57 Million.
  • Universal Mortgage & Finance. 336. $138 Million.
  • Delancey Street. 103. $22 Million.
  • North-wind Financial. 326. $72 Million.
  • Imh Financial. $9 Million.
  • Gauntlet Funding Group. $18 Million.

Related Posts

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More