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Tier four is taken into account for elite actual estate buyers who've accomplished 15 or more flips in the last 12 months. At Lima One Capital the interest charges and phrases on our brief time period product, the FixNFlip, begin at 12% and go as low as 7.99% based mostly on borrower experience. Tier three is for the more experienced investors who have accomplished 5 or extra flips in the final 24 months. Borrower experience is outlined as the variety of accomplished flips in the last 12-24 months, even deals that weren’t financed by Lima One Capital! Tier 1 is designated as borrowers who have never completed a flip or have accomplished one deal. Tier 2 presents an curiosity rate of 11% to borrowers who've accomplished 2-4 offers in the final 24 months. Once more these deals don’t should be financed by Lima One Capital as long as they have been accomplished and flipped within the last 12-24 months!

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