Lima One Capital Broker Program OnBoarding Presentation Welcome Package

2 Thank you for taking the time to attend our Broker Onboarding Presentation Please type your first and last name and address in the chat box for attendance, you will be muted during this webinar For all questions or concerns please type into the chat box Welcome Brokers

3 Background on Lima One Capital FixNFlip Loan Program Rental30 Loan Program Fix2Rent Loan Program Broker Submission Process Agenda

4 HUD protection Streamlined and efficient process for brokers Open communication channels-via the Operations Analyst assigned to that specific client Quick Closings Benefits of Lima One Capital’s Broker Program

5 By partnering with Lima One Capital you’re offering your clients: Fully capitalized funding source Competitive terms Excellent customer service What We Offer

6 Our Lending Area

After this presentation, you will be sent a Broker Agreement form. Please sign and send back. After we have received your Broker Agreement, you will be sent our Welcome Packet and other additional documents for you to use for all of your loan applicants. Broker Agreement

8 Three Lima One Capital Loan Programs

9 Program Highlights

10 FixNFlip Loan Programs

11 FixNFlip Broker Pricing

All loans must close in an entity (Limited Liability Company, S-corporation, Corporation, etc.) All borrowers in the entity have to sign a personal guarantee and must provide a copy of the ID as well as contact information. Insurance is required on the HUD. Must be a 12 month builder’s risk policy. Loan Requirements

13 Underwriting Requirements

14 Broker Submission Form

15 Include the Construction Budget in the submission . Detailed Construction Budget

16 Program Highlights

Unlimited Broker points All Broker points will be assessed on top of 2% Lima One Capital origination fee ($3,500 minimum origination fee) Broker Points

All loans must close in an entity (Limited Liability Company, S- corporation, Corporation, IRA, etc.). All loans must be personally guaranteed by each borrower unless the borrower is a foreign investor or an Individual Retirement Account (IRA) IRA loans will receive an upward rate adjustment of 0.50% Rent loss must be included in the insurance policy and policy must be listed in the business entity’s name not the client’s personal name. Loan Requirements

1-4 Unit non-owner occupied (investment) properties Planned Unit Developments (PUDs), Fannie Mae warrantable Properties with ≤ 2 acres Fannie Mae Warrantable Condos Eligible Property Types

Secondary financing is not permitted. This includes but is not limited to: Lines of credit Gift funds Loan from family/friend Secondary Financing

DSCR= The Monthly Rental Income is the gross rental income realized from the property. The Monthly Payment (PITIA) includes principal (P), interest (I), taxes (T), insurance (I), and homeowner’s association dues (A), as applicable. Minimum Qualifying DSCR is 1.3 Monthly Rental Income Monthly Payment/PITIA Debt Service Coverage Ratio (DSCR)

22 Underwriting Requirements

Landlord Experience

5% stepping down 1% every year Applies to any principal payment that would reduce the scheduled principal balance, per the loan’s original amortization table, by more than 20% Applies only to the portion of any payment that exceeds 20% of the scheduled principal balance Prepayment Penalty

Broker Submission Form

Estimate of Cost

27 Perfect loan for your borrowers who want to rehab a property to add to their portfolio Borrower receives.5 point discount on the Rental30 origination fee Borrower will be underwritten in both FixNFlip and Rental30 Program Highlights

Lima One Capital’s Submission Process

Send your Broker Submission Form to with the borrower’s name and loan program in the subject line. For example: Rental30 – White, Betty FixNFlip – Martin, Steve All required cells must be filled out correctly and in full. You will receive a response within 24 business hours. Step One: Broker Submits Deal

If the submission is approved… In one label with the loan program and the client’s name, please submit all underwriting documents in a complete package with your client’s name in the subject line to For example: Rental30 – White, Betty FixNFlip – Martin, Steve Step Two: Submit Borrower and Property Underwriting Documents

31 Have your borrower apply online with your unique application link (to be provided). In the “How did you hear about us?” field, please have them state your name as the Broker. For example: Broker – Wayne, John Step Two: Have the Borrower Apply Online

Your file will be assigned to an Operations Analyst who will then underwrite your client The assigned Operations Analyst will work with this particular file all the way to closing All additional documentation needed for your clients file should be directed to assigned Operations Analyst Step Three: Underwriting begins

We require an approved HUD, title commitment, broker invoice and broker wiring instructions 48 hours prior to closing Broker fee will be disbursed by the closing agent at time of closing Step Four: Closing

Questions or comments? us at Feel free to call us at (404) and ask for Britni Hendricks We look forward to working with you! Questions?