Greenville-based Lima One Capital announced June 15 it is investing $51.4 million to expand its headquarters with 65,000 square feet of new space to be built as part of the $1 billion County Square redevelopment project.
The move is expected to create 300 new jobs and provide more than double the space of its current headquarters at 201 E. McBee Ave.
Lima One Capital was founded in 2010 by U.S. Marine veterans to provide capital for real estate investors and has funded more than $7 billion in loans since its inception for revitalization and new construction projects across the country.
“Lima One Capital is thrilled to be an anchor tenant within the state-of-the-art County Square development in downtown Greenville,” said Lima One Capital President and Chief Executive Officer Jeff Tennyson. “This significant milestone highlights our continued commitment to the growth and prosperity of Greenville.”
The company considered a number of locations for its headquarters expansion before settling on remaining in Greenville, in part because of the talented workforce and quality of life available here, according to Tennyson.
He said downtown Greenville has become an exciting, vibrant place for people to live, work and play, which makes having the company’s headquarters here a powerful enticement for employees to be excited about coming to work.
“The reality is…what good people want is a great place to work,” Tennyson said. “Those are things you get in a Greenville.”
Besides its Greenville headquarters, Lima One maintains an operations center in Irvine, California.
The company’s products include new construction loans for ground-up construction, infill, specs, and model homes; 13-month bridge loans for investors who are buying, renovating, and selling properties; rental property and portfolio loans for purchasing or refinancing residential rental properties; and multifamily lending for the purchase, rehab, refinance, or hold of 5+ unit multifamily properties.
The expansion is expected to be complete by 2025. Individuals interested in joining the Lima One Capital team should visit the company’s careers page.
The Coordinating Council for Economic Development approved job development credits related to the project. The council also awarded a $500,000 Set-Aside grant to Greenville County to assist with the costs of site preparation and building construction.
