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Lima One Capital Launches Loan Program

May 16, 2018 04:34PM
● Published 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 ne. 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.”

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