I would recommend that borrowers do not work with LIMA ONE, especially if you are a person of color. Lima One redlined my call, by asking for tons of verification documents. Once all the verification documents was sent. They turned around and ask that the borrower bring an additional $60,000 to the table. Hence their LTV sent from 70 to 65%. This is the worse company to work with if you are looking for private money
Reply from the business:
Feb 16, 2023Lima One recognizes the importance of fair lending and is committed to treating all of its applicants and borrowers consistently to ensure fair and equal treatment throughout the loan process. Lima One strictly adheres to all fair lending laws, including the Equal Credit Opportunity Act (ECOA) and the Fair Housing Act, and does not condone discrimination in any form. Please contact us at 800-390-4212 so that we can better understand your experience. Thank you, in advance, for being willing to have a conversation with us.