Lima One Capital adds three to its nationwide Business Development team
January 27, 2021
Lima One Capital, a leading private lending company specializing in financing for real estate investors and home builders, has strengthened its nationwide team of mortgage originators with three additions across the nation.
John DePalma and Kelly Frazee have been hired to join the Business Development team at Lima One Capital, and Tommy Whiteside has been promoted to join the group.
DePalma earned his bachelor’s degree in Real Estate and Finance from Florida State University. From there, he worked as the Executive Vice President at Banco Popular (Equity One Commercial). He then worked for Grand Coast Capital Group as the Vice President of Commercial Lending and performed the same role for Basis Investment Group. His most recent position was with Stronghill Capital, where he was the Director of Commercial Lending.
Throughout his extensive experience, DePalma has closed more than $2.5 billion in commercial loans and started a small-balance commercial lending division which grew from one employee operating in four states to fifty employees operating in 46 states. He has been named a Manager of the Year ten times and has been a President’s Club Award winner seven times.
Before being hired at Lima One Capital, Frazee worked with Finance of America Commercial as a Field Market Specialist. There, she was responsible for maintaining relationships with clients who were looking to build their portfolio and originated over 300 loans in three years. Frazee is passionate about helping investors reach their goals by providing new construction loans as well as other financing solutions. She will be working in the Nevada market for Lima One.
Whiteside graduated from Furman University in 2017, with his bachelor’s degree in Business Administration and German Studies. After graduating, he joined Lima One Capital as a Broker Consultant. In this role, he earned the Lima One Circle of Excellence Award in 2020 and was consistently one of the company’s top inside originators. He will serve the Carolinas as a Business Development Representative.
“We’re excited to add these seasoned originators to our Business Development team as we continue to grow nationwide” said Josh Craig, the company’s Chief Revenue Officer. “All three of these great additions to the team are proven experts in their field and will make immediate impacts to Lima One Capital. These additions are in response to our continued rapid growth as we help our investor clients build, improve, and stabilize neighborhoods across the country. We will continue to add to the team to keep up with the insatiable demand for our best-in-class product suite and we’re always looking for exceptional sales pros to come join us, which is exactly what we get with John, Kelly, and Tommy.”
About Lima One Capital
Headquartered in Greenville, S.C. and founded by Marines, Lima One Capital specializes in providing financing for real estate investors who are building, improving, and stabilizing neighborhoods across the nation. Lima One’s core loan products are Rental30®, a 30-year, fixed-rate, fully amortizing loan for purchasing or refinancing residential rental properties; Residential Transition Loans (FixNFlip), a 13-month bridge loan for investors who are buying, renovating, and selling properties; New Construction, a 13-month loan for experienced builders who are building new housing inventory; and a Multifamily bridge program for the purchase or refinance of 5+ unit multifamily properties. For more information, visit limaone.com.
