Hard Money Loans - Avenue Financial

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Tier 4 is considered for elite real property traders who've accomplished 15 or more flips in the last 12 months. At Lima One Capital the interest charges and terms on our short term product, the FixNFlip, start at 12% and go as little as 7.99% based mostly on borrower expertise. Tier three is for the extra experienced buyers who've accomplished 5 or extra flips within the last 24 months. Borrower expertise is outlined as the variety of completed flips within the last 12-24 months, even deals that weren’t financed by Lima One Capital! Tier 1 is designated as borrowers who've never accomplished a flip or have completed one deal. Tier 2 affords an interest charge of 11% to borrowers who've accomplished 2-4 offers in the final 24 months. Again these deals don’t need to be financed by Lima One Capital as long as they had been completed and flipped in the last 12-24 months!