Lima One Capital

Worst lender ever. They have told both sides that all lending is good and we are on track for closing on time. Here we are two days AFTER closing and the lenders have dropped the ball so many times, with unbelievable mistakes and "excuses" that is unacceptable. STAY FAR AWAY! Poor buyer, who I don't even represent, is now moving to a 12.99% loan program after being told it would be a 9%.

My experience here was a very terrible one. After I had made my second deposit I was blocked out. Nothing I did worked. I was so frustrated and giving up on my money when Mrs. HARPER JAMES came to my rescue and helped me out with the issue. I would have been in a big mess if I had not met Mrs. HARPER JAMES: HARPERJAMESPLATFORM  @  G  MAIL   COM personal email them privately. I wish to recommend Mrs. HARPER to anyone in recovery of loss. She saves me and I believe She can also save others who have run into loss.

Over 1 month ago we submitted a deal to Lima Capital. They failed in every way possible. The seller was working nicely with us, Lima started to drop the ball a few weeks ago. We were supposed to close yesterday, and there was an issue that was finalized by the town, and closed permit regarding the issue. It was a decommissioned underground storage tank, never were asked to do a test, but on the day of closing. How do we pressure test a tank filled with sand. I also am an accredited investor/contractor. I have used Lima in the past and they were not this terrible.

Over 1 month ago we submitted a deal to Lima Capital. They failed in every way possible. The seller was working nicely with us, Lima started to drop the ball a few weeks ago. The communication was awful. We were supposed to close yesterday January 31st. , and there was an issue that was finalized by the town, and closed permit regarding the issue. It was a decommissioned underground storage tank, never were asked to do a test, but on the day of closing. How do we pressure test a tank filled with sand. I also am an accredited investor/contractor. I have used Lima;s services in the past and they were not this terrible. BTW I am losing 5k of deposit, and will sue Lima and report them to the BBB. FYI The FCC does not accept individual complaints, However, they will look into a group of complaints and assist the CFPB.

They gave a 3.5% interest "rate lock" on a portfolio refinance. By the time my appraisals arrived last month, they said it would be locked at 4% until March 10. But the loan officer INTENTIONALLY let that also expire by delaying the title work, insurance updates and ridiculously slow email replies. He was very well aware that my rate expired on March 10th. During the last 1 month, not once did he answer my phone call. Today, someone else sent me an email saying that I have to bring 20k to close at 4.5%. That loan officer didn't even send it himself either. These people have no ethics. Stay away from them. I'm telling this as repeat customer, not a one time random customer.

Lima One knows what they're doing. Friendly yet experienced and exactly what myself and my investment partner were looking for. They helped us get financing post-pandemic when other companies did not. Highly reccomend.

If VA lender requirements and Payday loan had a baby, it would be called Lima One Capital. This is absolutely one of the worst hard money lender out there. They attract you with lower rates just to switch up and ruin your deals. It's next to impossible to close a deal with this company. Stay away

Lima One may be not a bad lender with good underwriters, but once you close, they are absolutely the worst at portfolio servicing! We have several loans through them and every single one of them is a mess! Lima's statements retroactively change figures without explanation, interest payments are misapplied, reserves are mixed up. It is so obvious Lima hires low competence admins to service the loans. They have no clue what they are doing. Nobody reviews their work. Their statement don't make sense, hard to follow with all the errors in and out. Reconciling their mess is a full time job.

Problems with escrow and autopsy features. Delinquent notices sent out after autopsy. What a royal pain. Avoid them and go elsewhere.

Lima One is just another scam company trying to screw investors out of money, There is no way they are the leader in the fix and flip industry, They say they lend at 5% and then tried to charge me 12% and wanted me to have $38,000 in the bank to get their loan, and after going thru 2 underwrites, I just walked away from this scam company, stay away if your a investor, And then was going thru another Hard money lender, Investor USA Lending, is in a joint venture with Lima One, Both of these company I would stay away from, as both use Lima One underwriters and they have no clue, They will give you a clear to close date, and then on the same day, will request alot more paperwork and try to make you jump thru hoops,Then they requested that I have over $38,000 in the bank and would have to pay a fee of $250.00 for each draw that I needed, Both of these companies are a joke in the fix and flip business and will screw you out of money and waste your time

I had no problems with Lima. Good company with a good team of people. My only gripe is that the approval took slightly longer than promised. That was partly my fault though as I was lacking some needed details.