Difference between revisions of "Who Qualifies For The Hard Money Loans"

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Revision as of 21:52, 28 November 2021


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Tier four is considered for elite real property buyers who have completed 15 or extra flips within the final 12 months. At Lima One Capital the curiosity rates and terms on our short time period product, the FixNFlip, start at 12% and go as low as 7.99% based on borrower experience. Tier 3 is for the extra skilled investors who've completed 5 or more flips in the final 24 months. Borrower experience is defined as the variety of completed flips in the final 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 have accomplished 2-4 offers in the final 24 months. Once more these deals don’t need to be financed by Lima One Capital as long as they have been completed and flipped in the last 12-24 months!