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Banking & Finance

Lima One Capital goes west with California office

Banking & Finance
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Greenville-based Lima One Capital, a lender for real estate investors, is expanding in the Western United States by opening a new operations center in Irvine, Calif.

This new 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 West, the company said in a news release. 

“Lima One Capital is committed to delivering an exceptional customer experience, and we recognized our need to strengthen this focus on the West Coast,” Managing Director of Operations Rankin Blair said in the release. “This expansion provides better geographic proximity to customers than we have had in the past, which will enable an even higher level of service.”

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 in the release. “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 the company specializes in financing fix-and-flip properties, rental properties and portfolios, multifamily units, and new construction.

“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,” Jeff Tennyson, Lima One Capital CEO, said in the release. “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.”

Reach Ross Norton at 864-720-1222.

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