Lima One Capital Company Profile

Background

Overview

Founded in 2010, Lima One Capital is a private lending company specializing in first mortgage loans to real estate investors and home builders. The company offers customized loan programs for fix-and-flip, new construction, bridge loans, and rental property investments. With a focus on customer experience, Lima One Capital ensures clients and partners succeed in their real estate ventures. The company operates in 46 states and the District of Columbia, providing capital solutions that enable real estate investors to capitalize on market opportunities.

Key Strategic Focus

Core Objectives and Specialization

Lima One Capital's strategic focus is on providing tailored financial solutions to real estate investors. The company's core loan products include:

New Construction Loans: Financing for ground-up construction, infill, spec, and model homes.

Fix-and-Flip Loans: Short-term bridge loans for investors purchasing, renovating, and selling properties.

Rental Property Loans: Loans for purchasing or refinancing residential rental properties.

Multifamily Bridge Lending: Financing for the purchase, rehabilitation, or refinancing of multifamily properties with five or more units.

By offering these specialized loan products, Lima One Capital aims to support real estate investors in building, improving, and stabilizing neighborhoods across the nation.

Financials and Funding

Funding History and Financial Position

In July 2021, Lima One Capital was acquired by MFA Financial Inc., a real estate investment trust (REIT). This acquisition provided Lima One with dedicated and more efficient access to financing channels, enabling rapid scaling of its origination and servicing platforms.

As of June 30, 2023, Lima One Capital's servicing portfolio included approximately $3.4 billion in unpaid principal balance across 9,400 loans. The company's financial position is considered sufficient, with a stable ranking outlook.

Technological Platform and Innovation

Proprietary Technologies and Methodologies

Lima One Capital has invested in technology to support its operations, including:

The Mortgage Office: A cloud-based loan servicing platform.

Black Knight LoanSphere: Used for foreclosure, bankruptcy, and invoice management.

RES.NET: An asset-management platform.

Sage Intacct: Accounting software.

Paymentus: An electronic funds payment application.

Five9: A Voice over Internet Protocol phone and dialer system.

These technological investments have enhanced Lima One Capital's ability to manage its servicing portfolio effectively and support its growth initiatives.

Leadership Team

Key Executives

Josh Woodward: Chief Executive Officer.

Dave Hughes: Senior Director of Core Servicing.

Patrick Journy: Chief Financial Officer.

These executives bring extensive experience in the financial services and real estate lending industries, contributing to Lima One Capital's strategic direction and operational excellence.

Competitor Profile

Market Insights and Dynamics

The private lending industry for real estate investors is competitive, with several key players offering similar loan products. Lima One Capital's primary competitors include:

LendingOne: Founded in 2014, headquartered in Boca Raton, Florida, LendingOne provides financing solutions to real estate investors.

CoreVest: Established in 2014, based in Irvine, California, CoreVest specializes in loans to residential real estate investors.

Visio Lending: Founded in 2012, headquartered in Austin, Texas, Visio Lending offers loan products for real estate investors.

These competitors operate in the same market segment, offering similar loan products to real estate investors.

Strategic Collaborations and Partnerships

Key Partnerships

Lima One Capital has engaged in strategic partnerships to enhance its service offerings and operational efficiency. For instance, the company renewed its partnership with GoDocs, a document automation provider, indicating a commitment to leveraging technology for efficiency.

Operational Insights

Competitive Advantages

Lima One Capital differentiates itself through:

Straightforward Rates: Offering competitive and transparent loan rates.

Customer Service: Providing unmatched customer service with a focus on client success.

No Hidden Fees: Maintaining a policy of no hidden or junk fees.

These factors contribute to Lima One Capital's strong market position and appeal to real estate investors seeking reliable financing solutions.

Strategic Opportunities and Future Directions

Growth and Expansion

With a solid financial foundation and a comprehensive suite of loan products, Lima One Capital is well-positioned to capitalize on growth opportunities in the real estate lending market. The company's focus on technology and customer service will continue to drive its expansion and success in supporting real estate investors nationwide.