Lima One Capital Promotes Cortney Newmans to Business Development Director
October 25, 2014
The East Coast’s largest hard money lender is undergoing a widespread, strategic expansion.
GREENVILLE, SC — Lima One Capital, a hard money lender specializing in short-term home loans for the real estate investor who intends to renovate a property before selling it, has promoted longtime Atlanta business development officer Cortney Newmans to the position of director. He will oversee business development across Lima One Capital’s territory that includes nine states and the District of Columbia. Newmans will head sales operations as well as provide senior-level management to the business development team in each market. Newmans will also drive expansion efforts into new markets nationwide.
“Throughout his career, Cortney has gained the respect and admiration of his peers and of senior management for his engaging style, his work ethic and his fervor for applying industry best practices to his work each day,” said John Warren, president and CEO of Lima One Capital. “We are eager to have Cortney join our senior leadership team and play an integral part in the company’s ongoing success.”
Newmans, who has been based in Atlanta since joining Lima One Capital in 2012, will now operate out of Lima One Capital’s national headquarters in Greenville. In addition to overseeing company-wide business development efforts, he will also develop new business strategies and department goals, work to establish and strengthen relationships with national real estate organizations, such as the Real Estate Investors Association (REIA), and provide comprehensive industry and job specific training for all new business team hires.
Founded in 2011 by Warren, Lima One Capital has undergone a rapid expansion in 2014 to six new states. Fueled by demand for its best-in-class institutional grade platform and lending products, the company plans to expand into additional markets over the next 12 months.
About Lima One Capital, LLC
Lima One Capital is a hard money lending company. Headquartered in Greenville, SC, the company also has offices in Atlanta and Charlotte. Lima One specializes in providing first mortgage loans to real estate investors for the purchase and renovation of residential investment homes. The company will begin lending in six new states and Washington, D.C. beginning in the third quarter of 2014. A typical Lima One Capital loan is closed within seven days, providing clients with the ability to immediately capitalize on unique opportunities in the real estate market. Lima One Capital is revolutionizing lending for residential real estate investors.
