Lime Gets $10M LOC

Nonconforming lender Lime Financial, Lake Oswego, Ore., has obtained a $10 million leverage capital facility from investment banker Credit Suisse.According to a company spokesman, the line of credit "is closer to subordinated debt" and can be used to leverage its warehouse facilities. "It's a big deal for us to have Credit Suisse standing in our corner," he said. Lime is a wholesale lender that funds in 43 states. It currently has a production run-rate of about $200 million a month. Andy Kimura, co-head of structured products trading at Credit Suisse, said the investment banker made the facility because Lime "is well positioned for long-term growth and financial stability." The company can be found online at http://www.limefinancial.com.