Understanding These 5 Secrets Will Make Your Hard Money Loans Look Amazing

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Tier 4 is considered for elite real estate traders who've completed 15 or more flips in the final 12 months. At Lima One Capital the interest charges and phrases on our quick term product, the FixNFlip, begin at 12% and go as low as 7.99% based on borrower expertise. Tier 3 is for the extra skilled traders who have completed 5 or extra flips within the final 24 months. Borrower expertise is defined because the number of completed 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 completed one deal. Tier 2 provides an interest rate of 11% to borrowers who've accomplished 2-four deals in the last 24 months. Again these offers don’t should be financed by Lima One Capital as long as they had been completed and flipped in the last 12-24 months!