We derive the scaling limit for the Hierarchical Random Hopping dynamics for the non cascading 2-GREM at low temperatures and time scales where the dynamics is close to equilibrium. The {\em fine tuning} phenomenon plays a role (under certain choices of parameters of the model), yielding three dynamical regimes. In contrast to the {\em cascading} case, the pairs of first and second level energies have fluctuations which scale with the volume, and this leads to a family of time scales where we see the dynamics moving through only a part of the full low temperature energy landscape.