Reliable Hard Money Lenders In Arizona
Join thousands of real estate investors across the country that
trust ABL to be their lending partner.
Flips, builds, & rentals
100% construction/rehab financing
Close in 2 weeks or less
Single family, multifamily, mixed-use
Home of the Zero-Point Loan
Light documentation, no tax returns/income verification
Direct balance-sheet lender
Finance Your Arizona Investment
The Premier Arizona Hard Money Lender
Funding your real estate investment doesn’t have to be difficult- that’s why Asset Based Lending offers fast and simple hard money loans. As the best hard money lenders in Arizona, we provide real estate investors loans for fix and flips, new construction, stabilized properties, and loans for rental property. ABL uses a fully in-house team for our bridge and term programs while partnering with the best local appraisers, attorneys, and title agents in Arizona.
ABL has helped thousands of investors grow their business nationwide. Here’s what you can expect from partnering with ABL’s private lenders in Arizona:
- Quick closings – as fast as 2 days with appropriate paperwork
- Flexible underwriting – loan programs designed for investors, by investors
- Transparent communication – no hidden fees or surprise costs
- Full service – a one-stop shop for all your lending needs
Prequalify for your loan today or call us at (201) 942-9090. We approve loans as fast as 24 hours. Our private money lenders and Arizona hard money loans can fund the following projects:
Before coming to ABL I was a real estate agent primarily focused in the Hudson County area for 3 years. I’ve been in the real estate industry my entire life as a painter, wholesaler, agent, & now a loan officer with ABL. My goal is to help you reach your financial goals with real estate investments.
Jeremy is one of the leading Loan Officers for ABL, helping real estate investors finance their projects across fix and flips, new construction, and rental properties.
Scale Up With ABL. Grow Your Arizona Investments Today.
Why Do Arizona Investors Choose ABL? The ABL Difference.
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Local Information For Arizona Real Estate Investors
The Arizona real estate markets have grown exponentially over the last few years, with local cities seeing large population growth and therefore demand for both permanent homes and rental property. Arizona ranked 6th in the country for hottest new construction markets during 2022 with residential construction permits being issued at a rate of 9.14 per 1,000 residents. Fix and flip profits continued to provide strong returns for AZ real estate investors, with an average of 13.5% ROI totaling approximately $50,000 in average gross profit. Right now homes are spending an average of 77 days on market, which is closer to a healthy balanced market than the state has experienced for quite some time. That said, the AZ real estate market still favors the seller as supply remains lagging behind and real estate investors working inside a balanced market can spend additional time seeking the right property and planning their strategy. However, when you find the perfect project, you still need to move fast to maximize your time and your dollars, so working with a hard money lender like Asset Based Lending that closes in less than two weeks is perfect for growing your business.
Recommended Cities For Arizona Real Estate Investing
Asset Based Lending are experts in local Arizona real estate markets, reviewing trends and shifts to better inform our borrowers while providing the best possible loan terms for each project. Compiling data from Redfin, public town records, and local news sources, we believe some of the best Arizona neighborhoods for real estate investors are:
Phoenix One of the best cities for real estate investing in the country, not just the state, is Phoenix. The capital of Arizona is experiencing a mix of demand for rental properties and permanent housing that has driven prices up to slightly below the five-year-high for the market. The average home sale price is currently $404,490, and homes are spending an average of 70 days on market. Its important to note that the city is seeing more than 1,000 homes change hands per month, highlighting an incredibly active market that benefits real estate investors. As of March 2023, the area is boasting an unemployment rate of 3.3%, an attractive statistic for investors looking to grow their money over time. Builders and developers interested in using new construction loans to take advantage of the Phoenix market’s strong local economy and rising demand for homes by filling the inventory gaps with their product.
Tucson Tucson is growing in nearly every metric across real estate and local economy. Currently the average home sale price is sitting at $310,000 which is a 5% increase from the previous year and slightly below the city’s five-year-high. Homes are spending an average of 67 days on market, with nearly 20% of home sales occurring above the listing price which benefits real estate investors. The city’s unemployment rate is hovering around 3.9% which indicates a strong local economy and helps to offer real estate investors a plan for long term growth for investing in the area. With the average home sale price being lower than the others on this list, the lower barrier to entry makes it a favorable market for fix and flips. First time investors in Arizona should consider Tucson for their first deal, as they could also refinance and hold the property in their rental portfolio.
Scottsdale This major metro area that sits next to Phoenix is one of the strongest real estate markets in the state, boasting an average home sale price of $730,000. With homes spending an average of 76 days on market, Scottsdale represents a balanced market where homes are selling for incredibly high prices, making it an attractive city for builders looking for new construction projects. Nearly 10% of homes sell above listing price, usually selling for upwards of 5% above asking. The local economy is booming, with new residents moving to the area from all over the country, but especially from other areas on the west coast. Scottsdale has the lowest unemployment rate on our list at 3.1% and has strong tourism traffic that brings in more than 11 million people per year for a total of $3.3 billion of city revenue. These type of stats point towards rental property being a great investment, especially short term rentals like Airbnb and Vrbo, taking advantage of the constant tourism that visits town in short bursts.
Recently Funded Fix & Flip Projects
Borrower Profile: Repeat Borrower – Full-Time Real Estate Investor
Work Description: Gut Renovation — Single-Family Detached
Purchase Price: $667,000
Renovation Budget: $201,000
Loan Amount: $753,500
Loan Purpose: Purchase & Rehab
Work Description: Cosmetic Renovation — Single-Family Detached
Purchase Price: $165,000
Renovation Budget: $74,500
Loan Amount: $214,000
Loan Purpose: Purchase & Rehab
Work Description: Cosmetic Renovation — Mixed Use
Purchase Price: $375,000
Renovation Budget: $65,000
Loan Amount: $185,000
Loan Purpose: Loan Refinance & Property Rehab
Work Description: Cosmetic Renovation — Multifamily 4
Purchase Price: $485,000
Renovation Budget: $120,000
Loan Amount: $464,000
Loan Purpose: Purchase & Rehab
Arizona Fix And Flip Hard Money Loans
AZ Hard Money Loans Are Financing Your Arizona Fix And Flips
Asset Based Lending specializes in fast financing for fix and flip investors with a focus on flexible underwriting that allows us to work with several different types of rehab projects. We’re able to close our rehab loans in 10 days or less on average, so you’ll never miss out on a potential deal. These 12-month interest-only bridge loans allow Arizona investors the ability to acquire property and begin renovating with the most competitive rates on the market, including the industry’s only true zero-point program. ABL offers funding that covers up to 85% of purchase price and 100% of the rehab costs. Whether you’re working on your first fix and flip or a seasoned professional, ABL is ready to finance your flip. Click to learn more about our Arizona fix and flip loans.
Why Arizona Investors Choose Fix And Flips
Fix and flips are one of the most consistent and reliable forms of real estate investing, offering profits that allow investors the ability to funnel that capital into their next projects. Right now Arizona fix and flips are on the rise, with a total of nearly 8% of home sales in the state attributed to flips. Arizona fix and flip investments are seeing an average profit of $50,000 as of Q1 2022. More than one-third of real estate investors use outside financing for their projects, with AZ hard money lenders being the preferred choice for bridge loans since investors can both close and exit the deals quickly. Our fix and flip loans focus on closing in 10 days on average so our borrowers never miss an opportunity due to financial delays. Whether you need to close fast, are seeking flexible loan terms, or another lender simply dropped the ball, ABL is here to help.
Using Hard Money Loans For Fix And Flips
Financing a fix and flip investment requires a lending partner that can close fast and offer a variety of loan options. That’s why so many real estate investors prefer hard money loans for fix and flips, as this type of financing can close in less than two weeks and comes with flexible loan terms. For example, Asset Based Lending has closed loans as quickly as two business days with the appropriate paperwork. These speedy loans allow fix and flip investors the opportunity to secure deals that would normally be missed if using another financing option. AZ hard money loans are also less stringent with its documentation requirements- aside from recent bank statements and a credit check, hard money lenders forego documents such as tax records or income verification. Investors that have tried borrowing from a bank or other traditional financial institutions know the pushback- the projects are inherently risky and banks typically don’t want to involve themselves in these types of projects. Or if they do choose to lend, its an agonizingly long process with enough loan stipulations, such as prepayment penalties or intensive documentation requirements, that ends up hurting the deal too much from the investor’s point of view. When it comes to fast and efficient lending for fix and flips, hard money loans are the best option for borrowers, and no lender does it better than Asset Based Lending.
Recently Funded New Construction Projects
Work Description: New Construction – Single Family + Guest House
Purchase Price: $419,000
Construction Budget: $754,000
Loan Amount: $997,000
Loan Purpose: Land Purchase & New Construction
Work Description: New Construction – 3 Single-Family Homes
Purchase Price: $285,000
Renovation Budget: $579,793 (Construction)
Loan Amount: $735,000
Loan Purpose: Cash Out & New Construction
Work Description: New Construction – 4 Single-Family Homes
Purchase Price: $85,000
Renovation Budget: $680,000 (Construction)
Loan Amount: $650,000
Loan Purpose: Property New Construction
Work Description: New Construction – Single-Family Home
Purchase Price: $40,000
Renovation Budget: $425,000 (Construction)
Loan Amount: $395,000
Loan Purpose: Property New Construction
Loans For Arizona New Construction
ABL provides hard money loans for new construction to real estate investors that are seeking competitive interest rates, fast draw turnarounds, and flexible underwriting. These 12-month new construction bridge loans are available to experienced investors, builders, and developers who can borrow up to 70% of the land value and 100% of the construction costs. ABL tailors our ground up construction loans to match each individual project, ensuring the borrower receives the best loan terms for their business strategy. We assess the investor’s experience level and the viability of the project to determine whether the deal is profitable for all parties. Whether you’re looking to finance the ground up construction of single family or multifamily projects, ABL is ready to discuss your upcoming deals. Click to learn more about our new construction loans.
Arizona New Construction Investment Info
Steady population growth combined with limited housing inventory has made Arizona new construction one of the most profitable investments in the state, providing the supply needed to meet increased demand. The number of building permits issued for new single-family homes in Phoenix increased by more than 3% year over year, with areas such as Franklin County seeing double-digit increases. Over 5,000 multifamily units were under construction in Scotsdale in Q1 2022, with the price per unit jumping over 24% from the previous year. The strong local economy and demand for housing helps fuel these types of increases, which builders and developers can take advantage of. The state’s housing supply is hovering around one month, which is far below the minimum three month supply needed to indicate a balanced market. Right now, demand is far outpacing supply, which has led to a 5% decrease in newly listed homes over the last year. Builders and developers can take advantage of these market conditions by filling the gaps in inventory and profiting from the seller’s market the state finds itself in. If you’re ready to use Arizona construction loans to scale your real estate business, then contact us today.
Choosing Asset Based Lending For New Construction Loans
The constant feedback from investors that utilize ABL hard money loans for new construction is the fast time to close and loan flexibility are part of their project’s success. A slower close time or stricter loan parameters would hurt their ability to scale their real estate business as quickly as they would like. By securing financing quickly with terms that are investor-friendly, builders and developers are able to leverage ABL construction loans to their advantage and control more of the market share in the areas they invest in. While some investors seek out bank financing or private money loans, they realize the slow nature and strict guidelines of bank loans or lack of reliability from a private money lender ends up costing them deals or causing more issues instead of making things easy. Working with a lender that’s ready to work as fast as you is invaluable, ensuring you can grow and scale your real estate business at whatever pace you’re comfortable with. Asset Based Lending is run by real estate investors, so we strive to create a seamless loan process that allows investors to receive their financing quickly and focus on the project at hand. As direct hard money lenders with full control of our capital, we’re able to lend on various new construction investments and use flexible underwriting to ensure our borrowers receive their best potential loan. Whether you’re looking to build a few homes a year or you’re ready to scale to multifamily development, then contact us today to discuss your upcoming projects.
DSCR Loans for Arizona Rental Property
Asset Based Lending offers simple and reliable Arizona rental loans. These term rental loans are designed for buy and hold investors that want to secure properties between 1-9 units or refinance an entire rental portfolio. We offer competitive terms with rates starting as low as 6.75% with leverage up to 80% LTV. Our goal is to provide the most flexible rental loan options to our borrowers including 30-year amortization, ARM, and interest-only options. ABL offers a variety of rental loan options with single rental loans up to $3M and rental portfolio loans up to $6.25M. These loans for rental property are available to investors of all experience levels, assessing each deal based on the income-producing viability of the property. We also offer the ability to use our bridge program to complete property rehab or finance ground up construction before refinancing into a long-term rental loan, making us a one-stop shop for Arizona real estate investors. Click to learn more about our rental loan programs.
Arizona Rental Markets
The large metro areas such as Tucson and Phoenix are contributing to Arizona’s strengthening rental market, offering affordable rental property that’s seeing consistent year over year growth. For example, Phoenix has seen an 11% year over year increase in its average rent prices, and with 54% of the city’s population renting versus owning its an attractive location for real estate investors looking for their next rental property. Tucson is in a similar situation, with a 10% year over year increase in its average rent prices. The city has a slightly lower rental population of 46%, but that won’t impact the ability to fill vacancies as demand for the area continues to rise and prices remain at an affordable cost compared to the local economy. As mentioned earlier, areas like Phoenix are benefitting from increased tourism thanks to a developed and University of Arizona bringing a steady stream of visitors throughout the year. This consistent flow of temporary residents are boosting the short term rental market in the area, making Airbnb and Vrbo properties a viable investment strategy. Whether you’re looking to buy and hold property for traditional long-term rentals or are interested in growing a small portfolio of short term rental properties, Asset Based Lending can help finance your success. If you’re ready to start or grow your real estate rental portfolio using our Arizona rental loans, then contact us today.
Hard Money Bridge Loans for Stabilized Proprety
With the real estate markets shifting in different directions, such as the cooling down of home sale prices and rising interest rates on rental loans, some borrower’s exit strategies need to shift with it. That’s why Asset Based Lending now offers bridge loans for stabilized properties, allowing borrowers the option to reposition their investment and wait for market conditions to match their desired exit. These bridge loans are designed for investors who have recently completed a renovation or ground up construction but believe market conditions don’t favor their current exit strategy, so they decide to hold the property as a rental. Or maybe you’re an investor that’s looking at a turnkey rental property that you may eventually sell or refinance when mortgage rates come down in the future. Either way, you need an interest only loan without pre-payment penalties to bridge the gap.
How Do These Stabilized Bridge Loans Work?
Our 2-year debt service coverage loans can help bridge your financing for up to 24 months with no prepayment penalty, so you can exit the loan whenever you’re ready. With extensions available for an additional fee, we’ll make sure you’re properly financed from start to finish so that you have time to determine your final exit strategy and capitalize on your investment at the right time. We can provide stabilized financing for properties up to 20 units, using the lesser of either market rent or leased rent to determine the DSCR and deliver you competitive loan terms. While all loans are different and structured to meet the individual investor’s needs, the typical stabilized loan is a 2-year interest-only loan with rates starting at 10.5% and LTV up to 65%-70%. Loan terms are determined based on factors such as borrower experience, FICO score, and DSCR, using the lesser of either market rent or leased rent to determine your DSCR. If you have a deal that requires temporary bridge financing, then contact us today.