Rental Loan financing from ABL

Rental Loans

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Rental Property Financing Your Buy Rehab & Rent Strategy Deserves.

Asset Based Lending is proud to offer term rental loans for real estate investors. These loans provide funding for buy and hold investors that want to start or expand their rental investment portfolio. After a decade as the most reliable hard money lender in the country, ABL has expanded into long term rental financing for 1-4 family properties. Our loans are written to match your specific project and can be structured with 30 year amortizing, ARM, or interest-only options.

We are hard money lenders for rental properties and have full control of our finances and do all loan underwriting and processing in-house, allowing us to provide flexible loans with highly competitive rates and leverage. Our rates start as low as 3.75% and we offer a max LTV up to 80%, with a maximum loan cap of $3M for single property loans and portfolio loans up to $6.25M. These rental loans are “doc-light” – no personal income verification required – and are available for inexperienced investors, assessing the deal based on the income-producing viability of the rental property.

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Rental Loan Program Highlights

  • No personal income verification
  • Light doc program
  • Portfolio loans available
  • 30 year, ARM, I/O options
  • Rates as low as 3.75%
  • Up to 80% LTV
  • 650 minimum credit score
  • Close term rental loan in 30 days

Learn More. Get Approved. Grow Your Portfolio. Our Team is Here To Help.

Build A Portfolio & Leverage Your Equity With Rental Loans As Low As 3.75%

Lending Options Lending Options
With our arsenal of rental property loans, investors know we can get them into the program that fits their needs. Max Cash Out? Lowest Rate? Highest LTV? We have you covered.
No Broker Fee No Broker Fee
ABL isn’t brokering your loans, so you’ll never pay us broker fees. We’re a direct lender that underwrites, processes, and funds in house.
Peace Of Mind Peace Of Mind
Our team of specialists will structure and pre-approve your rental property refinance while we’re closing your fix and flip loan, so you can rest easy knowing your exit strategy is ready.
Competitive Rates & LTVs Competitive Rates & LTVs
With rates between 3.75%–8% and LTVs as high as 80%, our cash out refinance programs for rental properties are as aggressive as you’ll find in market.
Flexible Underwriting Flexible Underwriting
These programs were built by investors, for investors. We underwrite to the profitability of the project, and reduce documentation needs as much as possible.
The ABL Difference The ABL Difference
Expert advice, access to decision-makers, speed, and reliability; the service you’ve come to expect from the ABL team.

Rental Property Financing: The Buy Rehab Rent Refinance Process

rental property financing step 1 Identify The Opportunity

When you find a property that you’re ready to purchase and transform into an income-producing asset, or if you already have one you’re looking to leverage, one of our expert Loan Officers will walk you through potential loan programs and help determine your best options.

rental property financing step 2 Finance The Purchase and Rehab (If Applicable)

We specialize in closing deals fast, funding your investment without delay to take advantage of time-sensitive deals and keep your project moving. With your property acquired, you can complete your renovations and get the property rent-ready. ABL funds up to 85% of the purchase price and 100% of renovations.

hard money loans for rental properties step 3 Solidify Rental Refinance Exit Strategy

While we’re underwriting and funding your short term purchase and renovation loan, our expert team will also be preparing your rental refinance exit strategy. We factor in your goals; whether you want to remain a single property investor or leverage a portfolio, whether you want to maximize your cash out or receive the lowest possible interest rate. Whatever the plan, ABL has a program to match.

rental property financing step 4Refinance And Repeat

By using the new equity in your renovated rental property, most investors seek to refinance their loan at a lower rate and pull cash out to begin the property acquisition process all over again. This BRRRR method of investing is how real estate investors grow their rental portfolio into a rental empire.

Already own the property, or buying one rent ready? Great! Skip the renovation piece and we’ll put you right into a term rental loan! Click here to get started.

Why Use ABL For Rental Loans? The ABL Difference.

Why investors choose long-term rental property

The goal of real estate investing is to create a positive cash flow, whether its short bursts of large ROI with fix and flips or smaller amounts of money over long periods of time with rental property. Investors that decide to buy property and hold it as an income-producing asset are looking to set themselves up for long-term financial success. Generating passive monthly income through several rental properties at the same time is an excellent way to create a steady cash flow that compounds with the growth and appreciation of the rental portfolio.

ABL strives to provide rental investors with the most competitive rates and leverage, so we brought our term rental loans in-house to lower borrower costs and deliver the five-star service that we are known for. With deals closing in 30 days on average and our document-lite approach, we make the rental loan process quick and easy for all experience levels. We currently offer our rental loans in the following states: CT, FL, MA, MD, NJ, NY, PA, RI, VA, and Washington DC.  If you are a real estate investor that wants to invest in long-term rental property using our rental property financing, contact us today.

ABL rental loans for BRRRR investors

As mentioned above, our long-term rental loans are meant to help investors using the BRRRR strategy or otherwise accumulating rental units. The acronym stands for buy, rehab, rent, refinance, and repeat. The investor purchases a property and renovates it to increase its market value and raise the monthly rent price. After finding a tenant to fill the property, the investor then refinances their loan and uses the newly acquired capital to fund their next rental property purchase to repeat the process. This BRRRR investment is a straight-forward approach that has risen in popularity due to the passive income it generates and the scalability of the investment portfolio.

ABL is constantly paying attention to market trends and borrower interests to better serve real estate investors. As investors ourselves, we wanted to create a term rental loan program that could provide the most reliable rental property financing for BRRRR investments in the industry. We make sure to provide fast and flexible loan options, so investors never miss out on an opportunity due to timing. If you’re an investor that wants to use our rental loans to start or continue the BRRRR method, contact us today.

ABL finances local investors with rental property financing

When it comes to long-term rental loans, you need private lenders for rental property that understands the local real estate markets and can properly assess a property’s ability to generate income. Our team of experts follows market trends and partners with the best local appraisers, attorneys, and title agents to ensure our borrowers are receiving the most fair and competitive pricing.  Every loan is unique, but our rental loans typically offer:

  • Rates as low as 3.75%
  • Max LTV up to 80%
  • 1-4 Units, Townhomes, Condos
  • Cash Out, Rate & Term, Purchase Options
  • 30 Year, 5/1, 7/1, 10/1, and IO options
  • Single loan cap of $3M , portfolio loan cap of $6.25M

ABL has hundreds of verified five-star reviews and proudly repeats business with half of our borrowers. When it comes to competitive rental loans for investors, no team does it better than Asset Based Lending. Call us at 201-942-9089 to begin your rental loan approval process today.

What are the benefits of rental property financing through Asset Based Lending?

There are multiple benefits to using ABL for your rental property loans.

  • There is no 1 size fits all approach here. We have a variety of rental loan programs available, and will choose the option that best fits your needs. This includes a no income verification rental loan, a max LTV program, a lowest rate program, etc.
  • If you are purchasing a new property that you hope you keep for rental income, ABL will help you quickly secure the purchasing and renovation funds. A typical term loan could take several months to close, but ABL will close the hard money fix and flip loan in just a matter of days.

Are these hard money rental loans?

The long-term financing for your rental property is not a hard money loan. For projects with a purchase and rehab component, the initial loan will be a hard money fix and flip loan with a cash out refinance exit strategy.

What are the typical terms of a rental loan takeout?

While all loans are different and structured to meet the individual investor’s needs, the typical rental loan is a 30 year fully amortizing loan with rates between 3.75%–8%. LTVs typically range from 80%–80%, with an average DSCR requirement of 1.2 (although lower DSCR programs are available).

 

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