This Is A Great Alternative To Hard Money Loans

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Tier four is taken into account for elite actual estate traders who've accomplished 15 or extra flips within the final 12 months. At Lima One Capital the curiosity charges and phrases on our brief term product, the FixNFlip, start at 12% and go as low as 7.99% primarily based on borrower expertise. Tier 3 is for the more skilled investors who've accomplished 5 or extra flips within the final 24 months. Borrower expertise is outlined as the number of accomplished flips in the last 12-24 months, even offers that weren’t financed by Lima One Capital! Tier 1 is designated as borrowers who've never accomplished a flip or have accomplished one deal. Tier 2 gives an interest fee of 11% to borrowers who have completed 2-4 deals in the last 24 months. Again these deals don’t should be financed by Lima One Capital so long as they were completed and flipped in the last 12-24 months!