Today, Lima One Capital announced plans to expand into the Pittsburgh and Philadelphia metropolitan areas by the second quarter of 2014.
Lima One Capital is the leading hard money lender in the Southeast with a proven track record of straightforward lending across three states. Current trends have provided investors with the ability to capitalize on great opportunities in a steadily recovering housing market. Beginning in spring of 2014, real estate investors throughout the state will be able to benefit from a fully capitalized hard money lending company operating in Pennsylvania.
“Our expansion into Pittsburgh and Philadelphia is an integral step in our goal to revolutionize hard money lending in Pennsylvania and ultimately throughout the entire country,” states Lima One Capital Founder and CEO John Warren. “We are very excited to become a member of the Pennsylvania real estate investing community. We look forward to working with local investors in all five markets to undertake some amazing real estate projects.”
Lima One Capital has targeted Pittsburgh and Philadelphia as prime locations for the company’s initial lending area expansion. Since 2010, Lima One Capital has set themselves apart from other lenders in a crowded industry by consistently providing straightforward loan programs to their borrowers. The company has remained steadfast in their commitment to never charge their clients costly hidden or junk fees that remain common with other lenders. Lima One Capital’s current position as the leading hard money lender in the Southeast is a testament to the success of their core company values.
The Lima One Capital expansion coincides with the encouraging market stabilization trends currently being experienced across the country. Home sales and home sale price increases have slowed in comparison to last year’s numbers but continue to remain at consistent levels of growth. This is an encouraging sign of sustainable growth going forward that helps to dispel the bubble fears that still affect some in the industry. Taking a micro look at specific markets further highlights the great strides the U.S. housing market has made in the past six years. Specifically, markets in California, Arizona, Nevada, and Florida have seen home price increases on average of 40% since the worst of the housing market crash. The markets hit hardest by home price decreases have experienced the largest rebound. Lima One Capital targeted their expansion into markets primed with investors looking to help continue and strengthen this steady market recovery.
Lima One Capital will enter Pittsburgh and Philadelphia as a fully capitalized hard money lender with a proven track record and the ability to help Pennsylvania investors achieve success. “We take great pride in seeing the amazing work our borrowers have been able to do in communities throughout the Southeast. I have had numerous conversations with investors throughout Pennsylvania who have expressed a need for a fully capitalized hard money lender like Lima One Capital in their area. We cannot wait to get to work in Pennsylvania and set the new industry standard for hard money in throughout the state.
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. The company will begin lending in eight new states beginning in 2014. A typical Lima One Capital loan is closed within seven days, providing clients with the ability to immediately capitalize on unique opportunities in the real estate market. Lima One Capital is revolutionizing lending for residential real estate investors.
For more information on Lima One Capital, LLC, visit www.limaonecapital.com or call 404-908-0080.