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Lima One Capital

Lima One Capital

Lima One Capital offers the most comprehensive private lending suite in the industry - Fix-and-Flip, Short-Term Bridge, New Construction, DSCR Rental, and Multifamily - with non-recourse options, in-house operations, and a BRRRR Fix-to-Rent program with no seasoning.
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Lima One Capital

201 E McBee Ave #300, Greenville, South Carolina 29601
towens@limaone.com
Website

Vetted Provider

This vendor has been evaluated and confirmed as active, reputable, and qualified to lend.

About

$8B+
Capital Deployed
30,000+
Properties Funded
2010
Year Founded
Lima One Capital is a Greenville, South Carolina-based nationwide private lender founded in 2010 by U.S. Marines who served together in Iraq. Built on the Marine motto of Semper Fi - always faithful - Lima One has assembled the most comprehensive suite of loan programs in the private lending industry, offering fix-and-flip, short-term bridge, ground-up new construction, DSCR rental, and multifamily financing under one roof. With 300 employees and over $8 billion in capital deployed, Lima One keeps all critical functions in-house: underwriting, appraisals, construction management, draw processing, and loan servicing. Their Fix-to-Rent program offers a seamless BRRRR-strategy path with no seasoning period between the bridge and rental phase.

Where They Lend

Nationwide
47 States + DC
Lima One Capital lends nationwide except Alaska, North Dakota, South Dakota, and Vermont - covering 47 states plus DC. No rural areas, land loans, or owner-occupied homes.

Loan Types, Structures and Terms

$75,000 to $20,000,000
Typical Loan Amounts
13, 19, or 24 Months
Typical Terms
6.25% to 12.10%
Typical Interest Rates
0.25% to 2.50%
Typical Points
Lima One Capital offers the most comprehensive suite of loan programs in the industry: Fix-and-Flip (92.5% LTC), Short-Term Bridge (80% LTV), New Construction (90% LTC), DSCR Rental (80% LTV), and Multifamily programs up to $20M+ - with non-recourse options across all programs.
Fix-and-Flip
New Construction
Rental (DSCR)
Short-Term Bridge
Lima One Capital Fix-and-Flip loans fund 1-4 unit residential properties up to 92.5% LTC and 90% LTP at 70% max ARV, with non-recourse options, no experience required, and a Fix-to-Rent BRRRR program with no seasoning period.
Fix & Flip FeatureStructure & Terms
Project Types1-4 unit residential properties including distressed properties banks won’t finance. SFR, condos, 2-4 unit residential accepted. Also offers a Fix-to-Rent (BRRRR) program with no seasoning period required on the refinance leg — transition directly from bridge to rental. No owner-occupied. No rural areas. No land loans.
Loan Limits & Terms$75,000 to $3,000,000 | Term options: 13, 19, or 24 months | Interest-only, first-lien | Non-recourse available | Interest on drawn funds only
Rates & Fees6.25% to 12.1% interest rate | Origination 0.25% to 2.5% | 660 FICO minimum | Underwriting fee: $800 + $199/door | Appraisal: $750 | Prepayment penalty applies (multiple options)
Leverage Ratios (LTC/ARV)Up to 90% LTP | Up to 92.5% LTC | Max 70% ARV | Up to 100% LTC on renovation costs | Max LTP for purchase: 87.5% | Equity sources: cash, partner, equity in subject or other investment property
Structural AdvantagesNon-recourse available. No experience required. Distressed properties accepted. Auction purchases accepted. Portfolio blanket loans available. Fix-to-Rent BRRRR program with no seasoning. All underwriting, appraisals, construction management, and draw requests handled in-house. Founded by U.S. Marines — Semper Fi commitment to investors.
Lima One Capital New Construction loans fund spec builds and model homes up to 90% LTC and 75% ARV, with non-recourse options, 5-day draws, no interest on costs while in escrow, and fully in-house construction management.
Construction FeatureStructure & Terms
Project TypesSpec builds and model homes. Residential new construction (1-4 units). Partially completed construction projects considered. No horizontal or land development. No owner-occupied. No rural areas. All construction management handled in-house.
Loan Limits & TermsUp to $5,000,000 | Term options: 13, 19, or 24 months | Interest-only | Non-recourse available | Interest on drawn funds only | No interest charged on renovation costs while in escrow
Leverage Ratios (LTC/ARV)Up to 90% LTC | Max 75% LTP on land | Max 70% LTCV (completed value) | Rates starting at 6.99% | Interest charged on drawn funds only
Experience RequiredMinimum 5 prior completed ground-up construction projects required. Partially completed construction projects will be considered. Personal guaranty sometimes required; non-recourse available on qualifying deals. 660+ FICO required.
Structural AdvantagesAll construction management, draw requests, and inspections handled in-house with fast, reliable turnaround. Non-recourse available. No interest on costs while in escrow. 5-day draw turnaround. Nationwide in 47 states + DC. Spec builders can model budgets in FlipperForce before submission to validate draws against the LTC and LTCV limits.
Lima One Capital DSCR Rental loans offer 30-year single-property and unlimited-portfolio financing at up to 80% LTV with minimum 1.0 DSCR, non-recourse available, no income verification, and a Fix-to-Rent BRRRR path with no seasoning from the bridge program.
DSCR Rental FeatureStructure & Terms
Property Types1-4 unit residential investment properties: SFR, condos, 2-4 units. Long-term and short-term rentals accepted. No owner-occupied. No rural areas. Portfolio blanket loans available for 2+ properties in one loan with no unit limit. Multifamily (5+ units) handled under separate multifamily programs.
Loan Limits & TermsSingle property: $60,000 to $10,000,000 | Portfolio: 2+ properties, no maximum loan or unit limit | Term options: 5, 10, or 30 years | Fixed, ARM, and interest-only options | Flexible prepayment options | Non-recourse available
Rates & FeesSingle property rates: 7.45% to 9.65% | Origination 0.5% to 2.5% | No income verification required | Minimum property value: $75,000 | Seasoning: 3 months | Discounted origination fee on Fix-to-Rent refinance
DSCR RequirementsMinimum DSCR: 1.00 | Maximum LTV: 80% (purchase & rate/term refi) | Cash-out max LTV: 75% | Portfolio max LTV: 80% | Portfolio: 1 to 50,000 properties | No income verification required
Structural AdvantagesFix-to-Rent BRRRR program with no seasoning period. Investors can bridge with Lima One, rehab, rent, and refinance into a rental loan with a discounted origination fee — no waiting period. Non-recourse available. Unlimited portfolio size. BRRRR investors can validate their rental exit in the FlipperForce BRRRR Analyzer before committing to the bridge.
Lima One Capital Short-Term Bridge loans provide fast-close capital on 1-4 unit residential properties at up to 80% LTV, with non-recourse options, portfolio blanket loans, and no prepayment penalty on bridge programs.
Bridge Loan FeatureStructure & Terms
Use CasesFast-close acquisition bridge where minimal rehab is planned. Also part of Lima One's Fix-to-Rent (BRRRR) program — bridge, rehab, rent, refinance into rental with no seasoning and discounted origination fee. No owner-occupied. No 100% financing. No rural areas.
Property Types1-4 unit residential properties (SFR, condos, 2-4 units). Portfolio blanket loans available for multiple properties in one loan. Vacant and tenant-occupied accepted. No commercial. No rural areas.
Loan Limits & Terms$75,000 to $20,000,000 | Term options: 13, 19, or 24 months | Interest-only, first-lien | No prepayment penalty on bridge | Non-recourse available | Single loans and portfolio blanket loans
Leverage Ratios (LTV)Purchase: Up to 80% LTP | Short-term refi: Max 75% LTV | Cash-out short-term: Max 65% LTV residential | 20%+ cash required toward purchase price
Structural AdvantagesNo prepayment penalty. Non-recourse available. Portfolio blanket loans for multiple properties. Junior liens behind Lima One’s senior mortgage allowed. Auction purchases accepted. Proof of funds letters available. Fix-to-Rent BRRRR path with no seasoning and discounted origination on the rental refi. BRRRR investors can model exit returns in FlipperForce before committing.

Borrower Qualifications (Are you qualified?)

Lima One requires 660+ FICO on short-term programs and no experience for fix-and-flip. Ground-up construction requires 5+ prior projects. Non-recourse available on most programs. DSCR rental loans require minimum 1.0 DSCR with no income verification. Foreign nationals accepted on multifamily.
Qualification ParameterLender Requirements
Experience LevelsNo experience required for fix-and-flip or short-term bridge (0 prior projects accepted). Minimum 5 prior completed ground-up construction projects required for the new construction program. Multifamily programs have additional experience requirements based on project scope. First-time fix-and-flip investors are welcome.
Credit RequirementMinimum 660 FICO required for short-term loan programs. DSCR rental loan programs have their own credit requirements. Credit score impacts rate and leverage levels. Foreign nationals accepted on multifamily programs.
Income VerificationCredit report and bank statements required. No tax returns required. DSCR rental loans qualify on property cash flow — minimum DSCR 1.0 on single-property rentals. No borrower income documentation required on DSCR programs. Multifamily programs are evaluated on property performance and market factors.
Entity RequirementLLC, LP, Trust, and Corporation accepted. No individuals on most programs. Personal guaranty sometimes required — non-recourse available on fix-and-flip, bridge, construction, rental, and multifamily programs. Junior liens behind Lima One’s senior mortgage permitted. Foreign nationals accepted on multifamily.

Underwriting Process (How long will it take to get approved?)

Lima One Capital handles all underwriting, appraisals, construction management, and loan servicing in-house. Typical close in 21 days, fastest in 7. Common-sense underwriting with credit report and bank statements only - no tax returns required. 660+ FICO minimum on short-term programs.
Stage / RequirementProcess & Timelines
Initial ReviewSubmit credit report and bank statements (no tax returns required). Lima One assigns a dedicated loan officer to manage the deal from application through servicing. Loan programs evaluated using common-sense underwriting with internal valuation support. Property does not need to be under contract before applying.
Property ValuationAppraisals handled in-house by Lima One’s own team. BPO sometimes accepted. Internal valuations reduce delays versus third-party appraisers. Lima One conducts its own valuations on most programs as part of their fully in-house model.
Speed to CloseTypical close in 21 days; fastest close in 7 days. Full in-house servicing means no external dependencies slowing the process. Proof of funds letters available for purchase transactions.
Document ChecklistCredit report and bank statements. No tax returns required. Underwriting fee $800 + $199 per door. Appraisal fee $750. Title fee paid to third party. 660+ FICO minimum on short-term programs. Non-recourse available on qualifying deals.

Draw Process (How long will it take to get draws?)

Lima One Capital manages draws in-house with a typical 5-day turnaround. Interest is charged on drawn funds only on both fix-and-flip rehab and new construction programs. All construction management and draw servicing is handled internally, providing a streamlined experience from funding through project completion.
Operational StepMethodology & Timelines
Draw SystemInterest charged on drawn funds only (not on the full committed amount). Lima One manages renovation draws and construction disbursements entirely in-house through their own construction management team — no third-party draw administrator. Investors only pay interest on what has actually been disbursed.
Inspection MethodAppraisals handled in-house by Lima One’s own appraisal team. BPO also accepted on some programs. Internal valuations reduce delays and keep the process moving on schedule. Lima One conducts all inspections, appraisals, and construction oversight internally with best-in-class customer service.
Funding TurnaroundTypical draw requests funded in approximately 5 business days from submission. Build your FlipperForce project schedule with 5-day draw cycle in mind to maintain contractor momentum and avoid costly delays during rehab or construction.
Draw FeesOrigination fees range from 0.25% to 2.5% of loan amount. Underwriting fee: $800 + $199 per door. Appraisal fee: $750. Title fee paid to third party. No per-draw fee disclosed. Confirm current fee schedule directly with your Lima One loan officer.