1. Lima One Capital Broker Program
OnBoarding Presentation
Welcome Package

2. Welcome Brokers
Thank you for taking the time to attend our Broker Onboarding Presentation
Please type your first and last name and address in the chat box for attendance, you will be muted during this webinar
For all questions or concerns please type into the chat box
You must attend the entire presentation-attendance will be taken at the end of the presentation.

3. Agenda Background on Lima One Capital FixNFlip Loan Program
Rental30 Loan Program
Fix2Rent Loan Program
Broker Submission Process

4. Benefits of Lima One Capital’s Broker Program
HUD protection
Streamlined and efficient process for brokers
Open communication channels-via the Operations Analyst assigned to that specific client
Quick Closings

5. What We Offer
By partnering with Lima One Capital you’re offering your clients:
Fully capitalized funding source
Competitive terms
Excellent customer service
Unlimited Capital – Your client can do as many deals up to their pre-approval amount.

6. Our Lending Area
Will be in 47 states by the end of Q2 – Not NY, AL, or HI

7. Three Lima One Capital Loan Programs

8. Program Highlights FixNFlip Features Down Payment
Minimum 20% - Domestic Borrowers
Minimum 35% - Foreign Nationals
Credit Score
Minimum 630*
Amortization Term
Interest Only
Prepayment Penalty No
Seasonal Requirement for Assets, Properties, or Business Entities
Minimum/Max Loan Amount
No Minimum, No Maximum
Portfolio loans
Closing Time Frame
Estimated 7-10 business days
Appraisal Cost
Estimated $375-$575/property
*No mortgage late payments in the last 2 years.
*No bankruptcies, foreclosures, short sales, deed in lieu, or loan modification in 3-4 years

9. FixNFlip Loan Programs

10. FixNFlip Broker Pricing
For example: A client qualifying at Advantage Level 1 will be charged 3.5 points. Lima One will pay 1 point to broker on HUD resulting in 2.5 points paid to Lima One Capital and 1 to the Broker. Broker may charge additional origination points to be assessed on top of the base Advantage Level rate.

11. Loan Requirements
All loans must close in an entity (Limited Liability Company, S-corporation, Corporation, etc.)
All borrowers in the entity have to sign a personal guarantee and must provide a copy of the ID as well as contact information.
Recourse loan unless it is a foreign national.
- Not all borrowers have to be underwritten.
- No exceptions on the 12 month builder’s risk policy.

12. Underwriting Requirements
-Must be full statements.
-Personal tax returns not business tax returns.
-Title Company information needs to be in a Word doc and not in the .
-Certificate of Good Standing: Must be the official certificate from the Secretary of State website and not a print out showing the Entity is in good standing.

13. Broker Submission Form

14. Detailed Construction Budget
Include the Construction Budget in the submission .
Construction Budge must be detailed.

15. Seasonal Requirement for Assets and Properties Minimum/Max Loan Amount
Program Highlights
Rental30
Features
Maximum LTV
75% - Domestic Borrowers
70%- Foreign Nationals
Credit Score
Minimum 630*
Amortization Term
30 year, fixed rate, fully amortized
Prepayment Penalty
Yes
Seasonal Requirement for Assets and Properties
Assets – 2 month seasoning
Properties – 12 month seasoning
Minimum/Max Loan Amount
$45,000 Minimum
No Maximum
Interest Rate
6.5%-8.85%
Closing Time Frame
Estimated 30 Business Days
Appraisal Cost
Estimate $450-$600/property***
Minimum Property Size
700 sq ft
*No mortgage late payments in the last 2 years.
*No bankruptcies, foreclosures, short sales, deed in lieu, or loan
modification in 3-4 years
**Refi/Cash Out owned less than a year - Lend up to 75% LTV between purchase price or appraised value, whichever is lesser
***Depends on the type of appraisal and the state

16. Broker Points Unrestricted Broker points
Your fee is based off the Gross Total Loan Amount minus our Origination Fee
All Broker points will be assessed on top of 2% Lima One Capital origination fee ($3,500 minimum origination fee)
Unrestricted Broker Points with reasonsing

17. Loan Requirements
All loans must close in an entity (Limited Liability Company, S-corporation, Corporation, IRA, etc.)
All loans must be personally guaranteed by each borrower unless the borrower is a foreign investor or an Individual Retirement Account (IRA)
IRA loans will receive an upward rate adjustment of 0.50%
-All those listed in the Operating Agreement must be underwritten and must meet the same guidelines. If one is denied, the whole loan is denied and we will not move forward with that LLC or the subject properties.
-IRA loans must have an additional 10% of the appraised value in the IRA account.

18. Property Seasonal Requirement
Refinances/Cash Out owned less than a year:
Lend up to 75% LTV between purchase price or appraised value, whichever is lesser
Unless, materialistic changes to the property have been done in order to significantly increase the value of the property

19. Eligible Property Types
1-4 Unit non-owner occupied (investment) properties
Properties with ≤ 2 acres
Fannie Mae Warrantable Condos

20. Secondary Financing Secondary financing is not permitted.
This includes but is not limited to:
Lines of credit
Gift funds
Loan from family/friend

21. Debt Service Coverage Ratio (DSCR)
Monthly Rental Income
DSCR=
The Monthly Rental Income is the gross rental income realized from the property.
The Monthly Payment (PITIA) includes principal (P), interest (I), taxes (T), insurance (I), and homeowner’s association dues (A), as applicable.
Minimum Qualifying DSCR is 1.3
Monthly Payment/PITIA

22. Underwriting Requirements
Must be full statements

23. Landlord Experience Properties Financed Requirements 1-2
No experience required
3-4
1 year experience or licensed property manager
5-7
3 years experience or licensed property manager 8+
Licensed property manager is required
FIX TITLE ROW

24. Prepayment Penalty 5% stepping down 1% every year
Applies only to the portion of any payment that exceeds 20% of the scheduled principal balance

25. Broker Submission Form

26. Estimate of Cost What to know about the EOC:
The first 3 months of PITIA payments will be collected at closing
There must be a 6 month reserve available for all properties financed with Lima One Capital
All borrowers must show at least $5,000 in liquid assets

27. Program Highlights
Perfect loan for your borrowers who want to rehab a property to add to their portfolio
Borrower receives .5 point discount on the Rental30 origination fee
Borrower will be underwritten in both FixNFlip and Rental30

28. Broker Agreement
After this presentation, you will be sent a Broker Agreement form. Please sign and send back.
After we have received your Broker Agreement, you will be sent our Welcome Packet which includes:
Broker Library Link (save link, not docs)
Unique Identifier Application Link (save link)
Broker Library includes all docs that are needed for you to be successful.

29. Lima One Capital’s Submission Process

30. You will receive a response within 24 business hours.
Step One: Broker Submits Deal
Send your Broker Submission Form to with the subject line as follows:
For example:
Rental30 – White, Betty
FixNFlip – Martin, Steve (123 Main St)
Fix2Rent – Williams, Robbin (456 Court Lane)
All required cells must be filled out correctly and in full.
You will receive a response within 24 business hours.
If the Broker Submission Form is approved, we move into Step 2.

31. Step Two: Submit Borrower and Property Underwriting Documents
If the submission is approved…
In one label with the loan program and the client’s name, submit all the required documents that were requested.
Have your borrower apply online with your unique application link (to be provided).
You will receive a response within 24 business hours.
Once I have all the docs and the application, I can assign you to an underwriter for Step Three.

32. Step Three: Underwriting begins
Your file will be assigned to an Operations Analyst who will then underwrite your client
The assigned Operations Analyst will work with this particular file all the way to closing
All additional documentation needed for your clients file should be directed to assigned Operations Analyst
All new clients must go through Do not submit new deals to your current assigned underwriter.

33. Step Four: Closing
We require an approved HUD, title commitment, broker invoice and broker wiring instructions 48 hours prior to closing
Broker fee will be disbursed by the closing agent at time of funding

34. Questions? Questions or comments?
us at
Feel free to call us at (404) and ask for Britni Hendricks
Please allow up to 24 business hours for all responses
We look forward to working with you!