All Forum Posts by: Juan Arias

Just bought single family in Scanton PA. Extensive work isn't needed but definitely all cosmetic. If you know anyone in Scranton PA looking for some work please have them reach out to me. Current guy trying to charge me an arm and leg

0 Votes

Wilkes Barre Scranton, Pennsylvania

Quote from @David Cruz:

I recently closed a refinance cash out with Lima using the 30 year fixed rate rental loan. My experience wasn't the best. This was for a property I had previously purchased in cash so the delays didn't cost me a deal. Let's just say that the promises made by the sales consultant did not line up with what underwriting delivered. Most notably they significantly dropped the % of how much they allowed us to cash out when the property appraisal came back very strong. Went from being told we can cash out up to 80% to them only wanting to allow 60%. Lot's of delays

Yeah, kind of had the same experience. As investors we want to leverage as much as possible to roll into the next deal, but at least you have some equity

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New York City, New York

Quote from @Chris Mason:

A quick google search of "lima one capital reviews" could have predicted this outcome as likely. None of the employees like working there, and a good number of the customers are pissed off customers.

Yeah, should have done that first. No one picks up the phone over there. Communication is key with tight dead lines.

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New York City, New York

Quote from @Issac San Miguel:

What rates and term? My guess is their take out declined once the file was complete.

Happy to help you with an alternate point of view.

Agreed, they came up with a terrible excuse as to why we could fund.

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New York City, New York

Trying to bring a partner in now. Currently trying to salvage a great deal

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New York City, New York

I had a terrible time with Lima and want to make investors aware of this. They waited 2 days before closing date to tell me they could not fund. The property was great for a BRRRR method as we got the appraisal back and everything. Made zero sense as I myself am an underwriter so I would know. Just be careful when using those guys. They don't answer emails or phone calls until 4:30pm and by then its too late

1 Vote

New York City, New York

All Forum Posts by: Juan Arias

Juan Arias has started 2 posts and replied 7 times.

Post: Lima Capital One Financial Lending

Post: In need of some work

Post: Lima Capital One Financial Lending

Post: Lima Capital One Financial Lending

Post: Lima Capital One Financial Lending

Post: Lima Capital One Financial Lending

Post: Lima Capital One Financial Lending