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Tier 4 is taken into account for elite real estate investors who have accomplished 15 or more flips within the final 12 months. At Lima One Capital the curiosity rates and terms on our brief term product, the FixNFlip, start at 12% and go as low as 7.99% primarily based on borrower experience. Tier 3 is for the extra experienced investors who've completed 5 or more flips within the last 24 months. Borrower experience is outlined because the number 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 have by no means completed a flip or have completed one deal. Tier 2 provides an interest rate of 11% to borrowers who've accomplished 2-4 offers in the final 24 months. Again these offers don’t need to be financed by Lima One Capital as long as they were completed and flipped in the last 12-24 months!
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