This new West Coast center will allow Lima One to expand its hours of operation and enhance its underwriting and origination expertise across California and the rest of the Western United States.
“Lima One Capital is committed to delivering an exceptional customer experience, and we recognized our need to strengthen this focus on the West Coast. This expansion provides better geographic proximity to customers than we have had in the past, which will enable an even higher level of service,” said Managing Director of Operations, Rankin Blair.
Shahin Ilbeig has been appointed the Director of West Coast Operations. Ilbeig joined Lima One in December 2021 after growing several underwriting teams at private lenders across the industry.
“I’m excited to join the Lima One team and lead this West Coast expansion,” Ilbeig said.
“We’re actively hiring underwriters and loan processors in Southern California to support our existing and growing West Coast sales team led by Director of Business Development Rob Parsley, and we will continue to add experienced teammates to achieve our planned growth.”
With over $5 billion in originations since 2011, and an additional $2 billion forecasted for 2022, Lima One Capital sets the bar in private lending through its emphasis on customer experience and the most comprehensive offering of loan programs in the industry. The company specializes in financing fix-and-flip properties, rental properties and portfolios, multifamily units, and new construction to empower clients across all investment strategies to scale their businesses.
“As Lima One continues our national expansion and our West Coast borrower demand rapidly grows, it became clear we needed an additional operations center to better support Pacific and Mountain time zone borrowers,” said Jeff Tennyson, Lima One Capital CEO. “I’m pleased with the quality of leadership and employees who have joined our team and look forward to seeing the growth and success of our bi-coastal operations while witnessing the exciting Lima One culture thrive in California.”
Since its inception in 2011, Lima One Capital has funded over $5 billion in loans for real estate investors who are building, improving, and stabilizing neighborhoods across the nation. Lima One’s core loan products are New Construction loans for ground-up construction, in-fill, specs, and model homes; Fix and Flip, a 13-month bridge loan for investors who are buying, renovating, and selling properties; Rental property and portfolio loans for purchasing or refinancing residential rental properties; and Multifamily lending for the purchase, rehab, refinance, or hold of 5+ unit multifamily properties. For more information, visit limaone.com.
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