Is Lima capital legit?
Lima One Capital is a hard money lender that offers short and long-term financing for fix and flips, single-family rentals, and multi-family properties. Lima One Capital specializes in first mortgage loans for real estate investors and rehab specialists.
What is a bridge lender?
Also known as interim financing, gap financing, or swing loans, bridge loans bridge the gap during times when financing is needed but not yet available. Both corporations and individuals use bridge loans and lenders can customize these loans for many different situations.
What is LTC in real estate?
Loan-to-cost (LTC) compares the financing amount of a commercial real estate project to its cost. LTC is calculated as the loan amount divided by the construction cost. Meanwhile, loan-to-value (LTV) compares the loan amount to the expected market value of the completed project.
When was Lima capital founded?