GREENVILLE, S.C.—Lima One Capital, the nation’s premier business purpose lender for real estate investors, announced that it eclipsed the $1 billion mark in originations of multifamily bridge loans.
“This milestone is exciting for our team, and even more for the investors and brokers we work with,” said Lima One CEO Jeff Tennyson. “It emphasizes how Lima One serves an important niche for multifamily investors as they improve and stabilize neighborhoods nationwide.”
Lima One’s core multifamily loan types are value-add bridge and stabilized bridge loans that help investors upgrade properties and rent rolls and prepare for agency takeout financing. Lima One’s unique multifamily lending practice consistently demonstrates the ability to underwrite properties other lenders won’t, including properties across the top 150 MSAs and properties that are Class A, B, or C.
Making these properties great places to live plays an essential role in meeting the workforce housing need that is prevalent across the country.
“Our multifamily team has become experts at identifying and underwriting a type of loan that is typically hard to find in the market,” said Lima One CRO Nate Trunfio. “As a result, we’re able to serve investors and commercial brokers with a much-needed product, and do so with speed and efficiency. We’re proud of the reputation we’ve built as a premier multifamily bridge lender, and we look forward to the impact we can make as we accelerate our multifamily and commercial lending options.”
In addition to its core multifamily offerings, Lima One also finances student housing properties and offers financing for long-term hold properties that do not qualify for agency loans.
About Lima One Capital
Since its inception in 2010, Lima One Capital has been recognized as the nation’s premier lender for real estate investors and has funded over $7 billion in business purpose real estate loans. With a reach across 46 states, Lima One operates as a capital partner for both real estate investors and brokers by financing residential investment strategies including fix and flips, rental, new construction, and multifamily. In 2021, Lima One was acquired by real estate investment trust, MFA Financial Inc. (NYSE: MFA), ensuring a consistent source of capital and further cementing Lima One as one of the most dependable private lenders in the United States. Lima One has strengthened its reach by expanding to the West Coast with a new operations center in Irvine, California, as well as the addition of business-to-business partnership platforms for Wholesale and Lender Finance table funding. For more information, visit limaone.com.