Lima One Capital Named Fastest Growing Company in South Carolina
The hard money lender’s customer focus and industry leading lending products have driven CEO John Warren to rapidly expand operations to nine states and the District of Columbia.
GREENVILLE, S.C — Lima One Capital, already the East Coast’s largest hard money lender, was named South Carolina’s Fastest Growing Company at the 13th annual Fastest Growing Companies ceremony today in Columbia. The award was presented by The Capital Corporation and Integrated Media Publishing and recognized the Greenville-based hard money lender for topping the group of 25 candidate companies. Founded in 2011 by CEO John Warren, an Iraq War veteran, Lima One Capital has pioneered best-in-class lending products for residential real estate investors who intend to renovate a home before reselling it.
“We’ve built Lima One Capital to be strong in hot and cold housing markets,” said Warren. “In up markets investors can make money flipping homes with some simple upgrades, and in down markets heavy grade renovation is often required to ensure a project is profitable. Our hard money loans are attractive to investors regardless of market conditions because we finance renovation costs when banks don’t and provide rapid lending decisions when banks can’t.”
Lima One Capital, headquartered in Greenville, specializes in a 13-month loan and offers rapid underwriting so an investor can compete in real time with cash buyers for the most competitive home sale prices. The company also offers top-notch customer service to all borrowers and prospective borrowers and is able to connect them to certified contractors, real estate agents and closing attorneys.
“Many of our customers are first-time home flippers and they appreciate the level of care and expertise we’re able to give them as they analyze prospective investment properties and project costs,” said Warren. “We add a lot of value to our loans through this ‘high touch’ level of interaction with our customers. We help them succeed.”
Lima One Capital is also committed to hiring veterans. The company is passionate about translating military experience into success in the hard money industry through tailored training programs.
The company has expanded to six new states in 2014 and has plans for further expansion in the first quarter of 2015. Before the expansion, the company actively lent in South Carolina, North Carolina and Georgia.