ATLANTA, Jan. 8, 2013 /PRNewswire-iReach/ -- Atlanta hard money lender and Charlotte hard money lender, Lima One Capital, LLC has announced the launch of its transactional funding program for residential real estate investors.
In addition to its industry leading loan products, Lima One Capital now will provide transactional funding for real estate wholesalers looking to flip a property to a fellow real estate investors through a double closing.
"We are excited to now provide transactional funding to the many residential real estate wholesalers and investors who are providing an invaluable service to their clients who are searching for quality investment properties," says CEO John Warren. "Our transactional funding program will help compliment our other short and long-term loan programs for residential real estate investors."
Real estate investors and wholesalers utilizing Lima One Capital's transactional funding will find the lowest priced and straightforward cost associated with the loan. The company simply will charge an origination fee of 1.75% with a $1,500 minimum. As with all of its loan programs, Lima One Capital prides itself on no junk fees or hidden costs.
"Our expansion into transactional funding is our company's latest step to redefining the industry standard for hard money lenders," says Warren. "We truly are revolutionizing the hard money lending industry that is known for taking advantage of real estate investors, rather than trying to serve them in an honorable and professional manner."
Initially, Lima One Capital's transactional funding will be available throughout Georgia, South Carolina, and North Carolina. The company plans on providing the transactional funding program throughout the U.S. within the next two months.
Transactional funding is a short-term loan utilized by wholesalers to finance the purchase of a real estate property and immediately sell it to another real estate investor through the use of a double closing. Usually, the wholesaler bids on the investment property, gets it under contract, and puts a small amount of capital down. The wholesaler then lines up a different real estate investor who is seeking to purchase an investment property. At the double closing, the wholesaler utilizes transactional funding to purchase the property and then immediately sells it for a profit to the investor. The entire transaction usually takes place within an hour or two.
In addition to transactional funding, Lima One Capital continues to offer short-term loans to real estate investors looking to flip a property and longer-term loans for investors looking to own a rental property.
Lima One Capital, LLC:
Lima One Capital is a hard money lending company in Atlanta, GA, Greenville, SC, and Charlotte, NC. The company specializes in providing first mortgage loans to real estate investors for the purchase and renovation of residential investment homes. Lima One Capital offers loan lengths of 13 months, 5 years and 6 years. A typical loan is closed within seven days, providing clients with the ability to capitalize on unique opportunities in the real estate market, immediately. Lima One Capital is revolutionizing the industry standard for residential real estate investment lending.
For more information on Lima One Capital, LLC, visit www.limaonecapital.com or call 404-908-0080.
Media Contact: JUSTIN THOMPSON LIMA ONE CAPITAL, LLC, 404-908-0080, JUSTIN@LIMAONECAPITAL.COM
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Lima One Capital, LLC