Lima One Capital Acquires RealtyShares' Residential Debt Origination Business
GREENVILLE, S.C., Sept. 7, 2017/PRNewswire/ Lima One Capital, the premier lender for residential real estate investors, announced today that it has acquired the residential debt origination business of RealtyShares, a leading online marketplace for real estate investing and financing.
Lima One Capital began partnering with RealtyShares as an institutional investor in early 2017, drawn by the quality of deals listed on the marketplace platform. RealtyShares excels at offering fast and flexible financing solutions and has built a strong reputation for working with experienced residential developers, deploying over $200 million across more than 720 residential deals to-date. With the sale of its residential debt business, RealtyShares will focus on scaling its full-stack capital solutions across multifamily, office, retail, industrial and other commercial assets.
"RealtyShares has built a strong business in the residential sector of real estate investor financing by originating high quality loans that enable borrowers to make significant profits," said Lima One Capital CEO and Founder John Warren.Lima One Capital shares these traits. We look forward to working with their clients throughout the country who have grown accustomed to flexible loan products and exceptional customer service."
This acquisition and developing partnership is an important step in Lima One Capital's continued growth as the nation's premier lender for real estate investors. As a single source financing partner, the company is focused on delivering exceptional customer service, competitive pricing and superior execution. Lima One Capital will continue to work closely with RealtyShares, tapping into its deep pool of borrowers to source residential deals that meet both companies' high standards.
"Lima One Capital has built an impressive track record, and this partnership will bring quality and diverse opportunities for our sponsors and investors," said RealtyShares CEO Nav Athwal. "By working with one of the best residential real estate investment lenders in the U.S., RealtyShares will continue to be a diversified real estate investment platform offering a wide range of options to our investors while building best-in-class technology solutions for sourcing and underwriting commercial deals."
Lima One Capital set a new standard in real estate investment lending when, in 2010, the company began offering its short-term FixNFlip product to investors wishing to rehab a home without residing in it. Then in 2015 the company launched the Rental30 loan to service the $1.5 trillion rental home market and fully complement its suite of loan products, which also includes transactional funding and a cash-out loan. Lima One Capital is an institutionally backed lender that is able to finance any size deal. The company lends to large-scale and small-scale investors, including first-time investors.
RealtyShares has recently made a series of moves to strengthen its commercial team, including the purchase of rival commercial platform Acquire Real Estate, and has welcomed key advisors in Edward Forst (former CEO of Cushman & Wakefield) and Joe Azelby (former CEO of JPMorgan's Global Real Assets Group). To date, RealtyShares has deployed more than $500 million for commercial and residential real estate projects across 39 states.
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About Lima One Capital, LLC
Lima One Capital is a specialty finance company, founded by Marines, that originates first-mortgage loans to real estate investors on non-owner occupied investment properties nationwide. Lima One's core loan products are the Rental30, a 30-year, fixed-rate, fully amortizing loan for landlords purchasing or refinancing residential rental properties, the FixNFlip, a 13-month bridge loan for investors who are buying and rehabilitating properties, and a Multifamily program for the purchase or refinance of 5+ unit fix-and-flip properties. Lima One has over 80 employees and has been recognized as "The Fastest Growing Company" in the state of South Carolina. The company recently participated in its first rated securitization as lead originator for its Rental30 product.
SOURCE Lima One Capital, LLC