Lima One Capital expands national sales team
June 11, 2020
Lima One Capital, the nation’s premier lender for real estate investors, recently made four new additions to its growing national sales team. As the country comes back to life, real estate investing remains a key component to stabilizing and improving neighborhoods, and these additions to the team are critical to help Lima One serve more investors in key markets across the country. All four of these additions to the team are seasoned mortgage professionals who add tremendous value to the company and to their local markets by educating clients on the availability and benefits of the Lima One products.
Toby Newhouse will serve as a Regional Sales Manager representing the Southwest. Newhouse, who is based in Dallas, brings 20 years of experience in both mortgage lending and private lending industries to Lima One. His experience spans from real estate investment lending, branch management, sales recruiting and coaching for one of the top private lenders in the country.
Since 2015, he has helped fund more than $1 billion in loans for flips, short sales, escrow and auction purchases in over 5,000 transactions.
A graduate of Wenatchee Valley College with a degree in Business Administration, he has spent 18 years as a youth baseball and basketball coach.
Josh Schwartz serves as the Business Development Manager for the Pacific Northwest. A graduate of Oregon State University, Schwartz spent the past four years with Finance of America where he specialized in construction finance and was one of the top producers for the commercial division since its inception. Schwartz works tirelessly to find his clients the financing they need to grow their business, and as such has built an incredible network and a loyal following of investors across the northwest.
Michael Nelson comes to Lima One with an extensive background in lending institutions and commercial real estate. He will serve as Senior Commercial Real Estate Loan Originator, supporting national accounts for Lima One.
Most recently, Nelson served as Associate Vice President for A10 Capital, handling business development for loan originations across the Midwest, with an emphasis on $1-20 million value-add bridge loans and long-term permanent debt across multi-family, office, retail and industrial asset classes. He also worked with CoStar Group and was responsible for covering clients across the state of Idaho with their commercial real estate data and advertising needs.
Nelson holds a bachelor’s degree in communications from the University of Wisconsin – Milwaukee.
Darren McGurn comes to Lima One from CMI, where he was Director of Sales for U.S. Marine Distribution. Prior to that, he spent seven years working in the sub-prime mortgage space with HSBC Beneficial and EquiFirst.
A graduate of Ohio Wesleyan, McGurn is a six-time Presidents Club winner with CMI. McGurn will serve Business Development Representative for the Atlanta region with Lima One.
“We’re honored to welcome these four seasoned originators to Lima One Capital,” said Lima One Chief Revenue Officer Josh Craig. “In these most uncertain times, we’re continuing to add great people to our company and build for long-term success. These new additions to the team are not only all great originators and leaders, but all fit seamlessly into our culture. We continue to build a team of high performers based around core values, who are passionate about helping our investor clients improve the neighborhood and give families a chance to live the American Dream. We’re ecstatic to welcome Toby, Josh, Mike, and Darren to the Lima One family and can’t wait to watch them flourish.”
About Lima One Capital
Headquartered in Greenville, S.C., Lima One Capital is a specialty mortgage finance company, founded by Marines, that specializes in providing customized real estate loans to real estate investors 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; and a Multifamily bridge program for the purchase or refinance of 5+ unit multifamily properties. For more information, visit limaone.com.
