Lima One Capital Launches Loan Program
May 16, 2018 04:34PM
By Kathleen Maris
Lima One Capital, a national specialty finance company that focuses on investment property lending, announced that it has launched a new loan program for portfolio investors that specialize in single family rentals. The new loan program, Rental30 Premier, is designed to provide financing for larger investors with portfolios of single-family rental properties. This product will complement Lima One’s current Rental30 loan program.
The Rental30 Premier product offers loans on portfolios valued at $500,000 and higher that consist of five or more properties. Investors are able to borrow up to 80 percent of the portfolio’s value, securing 30-year, non-recourse, fully-amortized loans. The Rental30 Premier product does not have a maximum loan amount.
“Lima One Capital has a strong history of understanding the marketplace and designing products to meet investor needs. A large number of our clients are seeking to refinance portfolios as their loans begin to reach their maturity dates. The Rental30 Premier product will allow these investors to transition into a long-term fully amortized loan product,” said Lima One Capital CEO Jeff Tennyson. “Rental30 Premier further demonstrates our commitment to providing innovative lending solutions to our clients nationwide and we look forward to assisting our large portfolio investors with this exciting new lending program.”