Investor Lending for Flips, Holds, and Portfolios with Cortney Newmans

ROI Wealth Watch

Cortney Newmans is the Director of Business Development at Lima One Capital, LLC., the premier lender for real estate investors in the United States. He started his real estate career in 2012 at Lima One and in his first two years, he successfully helped the company gain over 70% market share for hard money loans in the Atlanta, Georgia region. Today, Cortney is responsible for overseeing key business development activities, building relationships with industry partners, and providing senior-level management to business development teams.

Cortney joins us today to discuss how real estate investors can overcome various obstacles when applying for property loans. He explains what a non-recourse loan is and how it works with self-directed IRAs. We also discuss asset-based loans, debt-coverage ratios, and the difference between getting a property loan with Lima One compared to a bank loan.

“Do not sit on the sideline. This is the best time to invest.” - Cortney Newmans

In This Episode of ROI Wealth Watch:

• The loans Lima One offers to real estate investors, their interest rates, and the minimum credit score required for each.
• Lima One’s lending programs for completely renovated, turnkey properties.
• The difference between Lima One loans and bank loans.
• How Lima One calculates the Debt Service Coverage Ratio (DSCR) of a property during the qualification process.
• The company’s refinance policy on portfolio loans and what they consider when evaluating your portfolio.
• What is a non-recourse loan and their rates?

Wealth Watch Words of Wisdom:

1. There is no personal debt income ratios that are calculated for your buy and hold loans and they are not reported to the credit agencies.
2. Use fix and flip loan programs to minimize your down payment.
3. You can refinance Fannie Mae property loans into a portfolio loan, taking them off your personal credit report. There is also no limit on the number of loans you can have with Lima One.

Connect with Cortney Newmans:

• Lima One Capital
• Cortney Newmans Website
• [phone]
• [e-mail]

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And, if you’re looking for the best turnkey rental properties to invest and renovate to maximize your real estate portfolio, visit the Rich Life Real Estate website to view turnkey rental opportunities or speak with an investment advisor for more information.