Lima One Capital announced today that it has launched an innovative new loan program for portfolio investors that specialize in single family rentals. The new loan program – Rental30 Premier – is designed to provide financing for larger investors with portfolios of single-family rental properties. This product will complement Lima One’s highly successful current Rental30 loan program. For investors with established rental portfolios, or those interested in purchasing packages of properties, Rental30 Premier offers industry-best rates and is backed by Lima One Capital’s premium customer service and industry expertise.
The Rental30 Premier product offers loans on portfolios valued at $500,000 and higher that consist of 5 or more properties. Investors are able to borrow up to 80% of the portfolio’s value, securing 30-year, non-recourse, fully-amortized loans. The Rental30 Premier product does not have a maximum loan amount.
“Lima One Capital has a strong history of understanding the marketplace and designing products to meet investor needs. A large number of our clients are seeking to refinance portfolios as their loans begin to reach their maturity dates. The Rental30 Premier product will allow these investors to transition into a long-term fully amortized loan product,” said Lima One Capital CEO Jeff Tennyson. “Rental30 Premier further demonstrates our commitment to providing innovative lending solutions to our clients nationwide and we look forward to assisting our large portfolio investors with this exciting new lending program.”
For more information on Lima One Capital’s full suite of loan products, visit www.limaonecapital.com.